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What if Ashley is trying to be an intermediary? Buys it cheap sells it on for double the price? knows there will be takers for club and stadium? If he picks it up for say 10% of the debt price, admins it as the main creditor and sells it double?

Starting to sound like Wasps fans here.. what with what we’re saying about Keys

I’d also hazard a guess if an acceptable bid had been made - the bond holders would be more optimistic than they are now

Yeah, but you’d rather have 4/5 bidders than 2

Not necessarily - if it goes into admin, you’re likely to attract more bidders therefore a bidding war

“The attraction of Wasps for Ashley lies chiefly in the stadium, which runs a profitable hospitality business including a Hilton hotel and Grovesnor Casino, as well as the potential for returning to football by buying Coventry City, who are tenants of the rugby club. “ paragraph In the article

According to Gilbert that debt needs to be clear, no sane person is clearing that debt

All calm down then. No way has NEC or Mike Ashley bid a minimum £35m for the arena

Yes because NOPM worked so well last time….

Well the trustees… here’s a curveball - plays into your thoughts Nick - what if Richardson is the major bond holder?

It’s also got pre-existing contracts you can’t benefit from

Discussing the stadium with the council, with the view of also buying the club and admittedly wasps

Also it doesn’t say a bid been accepted, who’s to say the bids aren’t derisory

To be fair I don’t see how it makes financial sense you’re better off liquidating the stadium than buying it now

Nah it was mentioned he talked to the council with a view of buying us too

To be fair… the guy who is president of Blackstone is apprently worth 29 billion

Wasn’t Ashley originally going to refinance the bond? Maybe he’s pushing that deal forward

Full and final bids expected by the end of the day - plenty of time

I’ve got the image of you being dragged off by the orderly’s in an insane asylum after a doctor in disguise reveals himself to you to be Richardson… “it’s wasps… look it’s Derek Richardson” all whilst he looks at you with an evil smile

Our problem is there’s no likely buyer if the stadium isn’t available. it’s not even the NEC that would be the issue. We don’t know what our owners will do in negotiations with them. They’re less likely to take our owners shit. with no stadium our ceiling is low, and the revenue streams...