They've said they now expect the Bonds to be paid on or before 12th August while due diligence takes place from HSBC, that's the statement they said in May about being paid on or before 30th June. This could just go on and on.
Out of the initial 35m investment wasn't this used to pay the interest payments and pay back Richardsons loan, the Wasp company is insolvent, do not know why HSBC would be willing to loan money whether Wasp get the grant or not.
It could open the floodgates though, Birmingham City could apply, Cov Rugger should definitely apply now they know funding maybe available, Aston Villa maybe getting funding towards their revamp announced yesterday too
Yes but they some invested a lot more than 2k, a lot lot more, a lot of the interest payments came from the origanal bond investment itself which also payed Richardson back apparently so there is no money left.
Mutton has passed away and Lucas has left, ones in charge when Wasps bought in, hopefully a change of stance although Duggins and our Lord Mayer Maton still there
Class if Gilbert's found them out trying to do deals on the sly, 13m of tax payers money simply cannot be funded to a 10m a year loss making company, in no other industry would this be allowed to happen
The fuckin dinosaurs the council are, Wasps are bankrupt and bailing them out is just putting off the inevitable. Give some funding to CRFC to upgrade the Butts instead and turn into a proper decent city centre rugby stadium