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I think they're hanging an awful lot on this potential refinancing of the bond. I'm not convinced it's going to happen, personally, but even if it does it doesn't resolve the huge structural issues at Wasps. If anything taking on more debt at higher interest (which seems the most probable...

In fairness Palmer is 25 and Kane is 28, so neither of them are completely ancient yet. If either of them have (or had) outstanding seasons then you could probably expect a reasonable profit if you then wanted to sell them on. I even get why we might have reasonably expected more from Waghorn...

Absolutely, which is why the bondholders are getting organised to take action. There's a pattern of behaviour here which has become evident - keep kicking the can down the road and hope for the best. Investors and creditors get tired of that eventually...

Not illegal, but they clearly said that they would formalise a consent solicitation process in August, and they've evidently not done so. It's going to even further erode the trust between the bondholders and the club, which is already at rock bottom in any case. If or when a deal is...

I've got to be honest and say that I'm not sure it's quite as bad as some here feel, though I respect opinions differ. If we take Luton as an example of "good" recruitment it looks like they also often look for Championship experience. And like us, not all of their recruitment necessarily works...

A little from column A, a little from column B. 🙂 We're definitely not getting the rub of the green at the moment, but possibly we're not doing enough to make our own luck either. The delayed start to the season hasn't done us any favours, but that looked like an odd team selection too, imho...

As a slight aside, Worcester are right in it. Won't fulfil a pre-season friendly this week because playing staff haven't been paid. Premiership rugby can't survive like this, let alone clubs that are already massively in debt like Wasps.

Shadiness abounds! According to the bondholder forum the bonds can't be relisted (i.e. traded on the stock exchange) until the accounts are audited and released. Relisting is a key component of the Consent Solicitation (the bit where Wasps ask the bondholders to accept reduced or extended...

It's not going well for them is it. Saying that, I'm impressed with how much public money Wasps seem to be able to screw out of the council/WMCA...

It's not such a good deal if you've lost all of your principal though, and it's the only pot you've used for your investments. I have sympathy, but I'm not sure everyone who piled into the bonds really understood the risk.

Ah, that's interesting, I missed that. So in essence the bondholders couldn't force the sale of the p-shares, but could in theory benefit if Wasps chose or were obliged to sell them? My gut feel is that Wasps are getting busy trying to protect themselves from the bondholders calling it all in...

I've got some sympathy here, but even at the time a relatively small amount of research would have made it evident that there was always a level of risk in these bonds. Putting everything in this pot wasn't really a great choice. That said, I genuinely hope she gets some of it back. The...

Fwiw I've never had much joy with the power lines extenders personally. The Virgin ones were spectacularly awful; apart from never really working they got so hot I thought they were going to catch fire (turns out this was a fairly common issue!). I begrudged having to buy my own extra kit on...

Fwiw, I just hard wired a cheapish wireless router (£30-ish) to the hub for the upstairs bedroom/office. This to provide solid WiFi upstairs. Then cabled direct to that upstairs router for my works laptop to give maximum speed and reliability for work. I had to do that for the Virgin kit...

Incredible, we've gone from a vaguely intelligent but entirely corrupt and sociopathic waster, to a thick as pigshit, completely unsympathetic menace, in a matter of weeks. Thank you, Conservative party.

I've had Virgin Fibre to the house and the speed to the hub was pretty solid, but their hub was fairly useless (so patchy WiFi) and their customer service was hideous. I've now got BT fibre to the house. Reliable and their hub is much more solid. If you rely on WiFi that's fairly important I'd...

I think my concern would be whether the business will still be running by the time the next interest payment is due, or at least whether it would have sufficient funds to meet the requirement. If things are heading south there's something to be said for the bondholders recovering what they can...

Yes, it doesn't sound as though it's an entirely independent process does it! Ah well, if Wasps play their cards right they might be able to appoint an Administrator who can't find the golden share. 🙂

I don't know why, but when I saw that picture the phrase that immediately sprang to mind was "mischief writ large". 😁 I don't know much about dogs, but with kids I was told that the first twenty years are the hardest. Sorry mate, not much use I know, but she is a lovely looking dog if that's...