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Pretty much every statement wasps have come out with in the last few years has turned out to be false so not sure I'd read too much into that.

Shugs has lost his login for both Wasps forums as well

if it reverts to the council what happens to the bondholders security, are they completely fucked?

that really wound me up. there is, or at least was, notes on the council website about a meeting where the football club ending up owning the lease was discussed and they spoke about how if that happened there must be a clause to prevent the club using it as security on finance.

I used to work at a place that had flexitime. I worked out that to get to the office for 9am I had to leave my house at 7am due to horrific gridlock but if I left at 6:45am I'd be in just after 7am. So that's what I did and got a stupid amount of work done in the 2 hours before anyone turned...

Presumably they're slightly worried about whats happening to the lease given the bondholders will surely now be wanting their security. Said it before but I was surprised there didn't seem to be any clause that saw the lease return to the council if something like this happened.

Wonder how Worcester fans would take that idea. Would they swap Warriors for Wasps if it meant still having a club?

If, and its still a big if IMO, Wasps lose control of the ground to the bondholders, is there a strong case for them staying at the CBS? 5K in a stadium that holds over 30K isn't fun as we've experienced when we've had some cold nights in the early rounds of the paint pot cup and will only get...

One of the issues if they try and shaft the bondholders is that a decent chunk of them will be regular supporters taken in by the 'we'll be the richest and most successful club in the world' rubbish. Surely even Wasps fans wouldn't support their own supporters being ripped off.

some people suggested they were desperately trying to string things out until they'd played their first game to prevent automatic relegation but surely with only a handful of games played you just void those results if needed.

Wasn't there an article recently that they'd cut staff to the minimum and some positions were being replaced with volunteers.

Bridge suggesting on his live blog that if the RFU relegate Wasps they'll leave the CBS. No idea if this is just him short of content or he's heard a whisper, probably the former. But given they're only getting around 5K for Premiership games the drop in crowds along with TV money would surely...

Given they've spent the last fews weeks trying to make out the bond was being repaid any minute to avoid the bondholders taking action why would they give an intention to go into administration if they aren't actually going into administration. that's hardly likely to lead to the bondholders...

There's actually already people on their forum saying how this is great news and part of a genius plan. Taking heads in the sand to new levels.

its not all the same company though. which part is going into admin and which part owes the money?

Possibly but not sure how they'd do that given the ground is the security for the bonds. Suspect there's many more twists to come in this tale, not time to celebrate yet.

I'd like to see the details and if they are seeing similar increases in productivity

no chance, any administrator will want to keep things running. the bigger concern may be ever getting back the money we paid up front to get the pitch sorted.

I thought quoting a news article would be preferable to posting the source data but here it is https://news.microsoft.com/ja-jp/2019/10/31/191031-published-the-results-of-measuring-the-effectiveness-of-our-work-life-choice-challenge-summer-2019/

It would be nice, although I suspect highly unlikely, if this ended up with the club back in London in some form in front of their old supporters. They're the only ones I've ever felt sorry for in all of this. Bet there's a few Wasps supporters who sunk money into the bonds having some...