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I'm not sure I'd be quite as confident. The first bond was about making Wasps the biggest team in Europe and investing heavily in the team to increase profits. It hasn't worked, and they've had to go back to investors to loosen the earnings covenants (and hence, the mitigation against loss). Not...

I think it's at about 89 now, original price 100. But it matures in May, so I believe there's only one interest payment left. I stand to be corrected, but I think that means if you bought at 89 now, then in May you'd get 103.25. That, of course, assumes that the bond can be fully repaid. If...

Absolutely. As long as he's willing and able to keep throwing money at a loss making business. Given part of the reason for the bond was to pay him back (circa 10m, iirc), that might be in doubt. And either an expensive refinancing of the bond, or a failure to refinance and a default, would...

Mate, compared to those judicial review documents that prospectus is like a haiku. Where's your staying power? :) Just for you then.... The bond issue fails, As the franchise falls apart, Flags and fireworks, end.

It's an interesting opinion, but politely, I don't think it necessarily adds up. I don't think Wasps going down would pull us down, and in fact I think it would put us in a much stronger position if we did want to negotiate a deal on the lease with the ultimate lease holder (be that another...

Agree entirely that it's vague what happens to the lease if Wasps go bust, but the truth is that either the council or a third party would own the lease at that point. Politically, the Council would find it hard not to come to a deal with CCFC (or just maintain the current one). Similarly...

No problem. I thought they'd give you lips a rest, given you obviously have to move them when you're reading. 🤭

Not at all sure how you can come to that conclusion. Care to elucidate?

Mate, nice attempt at trolling but yesterday you were playing one of the biggest teams in Europe, whilst the actual Coventry rugby team were playing a college side. Attendances were about the same, and in fact there were probably more people from Coventry at the Butts! The game's up lad, the...

2100 at Cov v Hartpury College. In fairness, Hartpury probably brought 20 or 30 of those, plus their bus driver. :)

Yeah, Wasps were going to play on Sundays, or so they promised. Do you remember all those Councillors lining up to say they'd never have voted to sell the Ricoh if there was a chance it could impact Cov RFC or CCFC? Incompetent or dishonest, or perhaps both...

To be honest, if I had a bit more time I could probably count the number of people at the ground. There can't be more than 100 scattered behind the goal, huge gaps everywhere other than in the corporate bit. 3000 would be a stretch, I'd think 2000 at the very most.

I'm already looking forward to the handbrake-turn, burn-outs and doughnut videos, HH. Have you figured out where you'll fit the 50-inch sub-woofer yet? 😁

If I was a copper stuck there, bored out of my brains, by now I'd have had the irresistible urge to sneak up behind that lot and pop a balloon behind them. This is probably why I'm not a copper. 🙂

Millwall. For the endless racist bollocks associated with a large part of their support. Not sure if that's irrational but either way, they won't care. Also, MK Dons. Like Wasps, simply should never have been allowed to happen...

Not easy, but winnable I'd say. I'm happy with that as a draw. If we're going to win the cup we'll have to beat a premiership team or two on the way. 🙂

Deserved it too, but the attendance was dismal for a game against their top of the table 'rivals'.

Not many behind the goal, less than a third full I'd say, similarly in main side stand. Nothing at all behind the other goal. I'd guess 12-14k for *the* local derby (so Wasps would claim anyway). Half of those there sound like Leicester fans. So for their biggest draw in the calendar, they're...

Sorry, that's a ridiculously long post!

Prices going down would be deflation. It's far more likely that inflation would just stabilise at a lower level, deflation isn't something that generally happens. As I understand it, the inflation we're seeing at the moment is supply side (cost-push I think it's called), driven by rising energy...