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It will be down to the FCA to look at the bond side of it as they are the regulator. Would imagine they may get some pressure as it's the first bond of its type to fail and previous Wasps accounts concluded they were not a going concern or words to that effect.

Running through the least painful way for them to move forward. The numbers men will be gaming different scenarios and Richardson will select the one that is most beneficial to him and Wasps.

They also think that the stadium is worth 35 million which it wont be. Someone on here said it needed around 10 million spending to get the maintenance side of it back to spec?

Hence the reason for an independent enquiry, I am not saying it happened because its a Labour council by the way. They are all as bad as each other my point was the councillors often make decisions without the acumen to do so. To make a decision to sell the lease to Wasps in the first place...

The issue is if you keep voting Labour you get the same thing, its hard to say what a Conservative council would do as they never get the same run in the city. This is a Labour stronghold and if the government is Conservative you will get less investment for the city as a consequence in the same...

Moving the stock before they loose access to the ground?

Morris wanted 22 million for Pride Park which valued the whole amount of club and ground at over 50 million. The purchasers said the total package at tops was only worth £30 million in total but the actual sale price has not been disclosed but Morris took a massive haircut on the asking price...

Do you think that they have taken the 10 day option as they new that HMRC had had enough and they are trying to negotiate extra funding to cover the amount owed to them as well as the bond holders? Just a thought.

And your proof of that is what?

The report quotes 15 million, cant see it as they have baulked at Diaz at 6 million. If we got 15 million then hes gone.

But if you go for talented players from lower leagues who you think can step up or young premier league players being released you either have to pay a transfer fee and will be competing against other clubs or development fees for youngsters and we dont have a pot to piss in apparently. We are...

If he was shit would that have been brexits fault as well? :p

Wanted too much money, he was looking for the best deal for him as he believed it may be his last good contract. Ironically Blackburn were the other major option so it may be why they switched back to Hyam.

The model is to sell players to fund ongoing improvement, we all know this. You don't have to like it as we all don't but its an unescapable fact of where we are. The club may have the odd flirtation with playoffs but if the club self finances through the development and sale of players and bobs...

If you had the money to buy them out you could operate it in the same way they are if you wanted. They are trying to run it in a self sustaining way to take maximum profit out when they sell with minimum input. Fans might not like it but they are sweating their asset that's what it is for them...

They dont want to put any money in thats the whole point.

Are Sisu actively trying to sell the club and was DH sold to cover running costs?

If and its a big IF granted, it means we keep the big 3 and keeps the club afloat until a sale goes through would it not be a good thing? Sisu are skint from what most are saying and the clubs for sale. If we are for sale they are not putting any money in any time soon.

According to same source in the discussions they have had they believe that Wasps could not do anything in the sense of entering into admin until the league had released the fixtures due to a technicality in the RFU sporting regulations IF thats the assumption. If you enter an admin before...

Think your right, the bondholders are on the march. This was posted yesterday. From the Trustee: If you are in any doubt as to the action you should take, you are recommended to seek your own advice immediately from your stockbroker, bank manager, solicitor, accountant or other financial...