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The Bonds are only secured on the lease that does not mean it reverts to them in a default. The Trustee will call on the guarantors to pay the outstanding liability which will probably trigger an Insolvency Act. The Receiver will then attempt to recover the bond monies by way of selling the...

From his book Football has always been a numbers game: 4-4-2, the big number 9 and 3 points for a win. But what if up until now we've been focusing on the wrong numbers? What if the numbers that really matter, the ones that hold the key to winning matches, are actually 2.66, 53.4, 50/50, and 0...

Did he also fill your head with statistics and probabilites too? Total academic with no business acumen!

I did mention "Councils" :angelic:

Does that matter?

That would not work I am afraid - one of the first things to happen if WASPS FINANCE defaulted would be a call on WASPS Group by the Bond Trustee. Then we are in to Receivers territory.

The Bond Holders are not the same though - they could be Investment Trusts , Pension Funds or dare I say Councils

The Bond Trustee should seeking assurances and establishing the affect on the security If the major bond holders are "connected " and are a majority nothing will happen again!!

Not mentioned on Drunken Wasps?

Wigan go into administration four weeks after Hong Kong takeover

And even more bonkers than on here at times thanks to the likes of FM

I always thought it was a cow - but "each Coventry freeman had the right to turn out two horses and one cow or two cows and one horse upon the waste, the Lammas lands, and the Michaelmas lands, provided that at no time were more than three of his beasts at pasture" The City of Coventry: The...

Bid to turn Hearsall Common into village green is rejected

Now on facebook

You should be asking CCC what the agreement is that required any undertaking by WASPS

SISU have agreed with WASPs they have no legal actions pending against them

Care to suggest who the contenders are?

Taxi for Covboy..

Until you can both confirm and deny in the same sentence you will not be a perfect spokesperson

All on here if you are on Furlough and bored Wasps Bonds