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Yep, they were ccc preferred bidder for the club.

Always possible, but unlikely. Worcester's administrator has allowed use of their ground this weekend. They will allow the buisnesses to continue if it generates income.

Did they not have thoughts of actually buying Wasps at the time?

Do you think the signing over of the training ground, on the day the bonds were due to be repaid ( in May ) was either legal, immoral, or both? 🤨

The foundations of British football were compromised the day we helped set up the PL.

Easy answer, absolutely no one.

Maybe he already has! Who knows?

He did attempt to change SJP into the sports direct stadium though, not that we would be bothered by that here.

I dream of Sisu contemplating £30mill but sadly their idiotic valuations would be far higher.

I was of the impression that although appointed by the issuer, the trustee is there to look after the interests of the bondholders.

I hope so, but the trustees seem to be looking out for the club rather than the bondholders.

There are bond risks where you are covered up to 85k, and there are retail bond risks where you can be left penniless. Sorry to say the Wasps bonds are the latter.

Does a court have to agree to any extension if a deal is close to agreement? They may ask what can you do in ten days that you have failed to do in 6 months.

Considering they had ideas of buying Wasps way before they actually arrived, the sale of the lease to them was no suprise.

The bondholders seem to be very worried with Wasps appointing their choice of administrator. They need 25% of those holding bonds to vote against it, but without more time, that's unlikely.

Add that to the supposed 2mill to HMRC and you have a very big hole.

We also had a wage bill that must have been 90% less than wasps currently have.

Not the only one telling pokies.

Covmad did it at one time. Not been on it for years though.

Was it not rent paid up front which helped fund it? Either way it would have affected the club's cash flow.