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Reeves must have thought it was possible.

It was a good interest rate with what they thought was good security.

Two things - (a) not all Wasps fans will have bought bonds and (b) Wasps don’t have many fans to start with.

It’s one poster posting contents of a letter from ACL saying what is planned to happen, not one poster’s opinion of what may happen.

To cut a long story short, there appears to be a mechanism whereby ACL can be purchased and the charge lifted without full repayment, and that’s the route being pursued. https://uk.advfn.com/stock-market/london/wasps-22-WAS1/share-chat

I doubt the Trustees will retain the charge. It is a legal mortgage for £35m with additional guarantors in place. The lease is actually only worth what someone will pay for it and it sounds as if ACL is in negative equity like can happen with a house. The Trustees will take what is available...

Some of the bond holders have subscribed to a system / agreed to share their details with others via the Trustee some weeks ago.

He definitely won’t have the P share, that’s in Holdings. PRL have indicated they will but back the P share. They seem now to want a 10 club league, the PRL is governed by the remaining clubs, if they P share is bought back the share of central income to those remaining clubs will increase.

MA won’t assume the position of the Trustees, he will surely buy assets of ACL and novate contracts to a newco, which won’t include the P share. I would imagine the remaining shell of ACL will be liquidated. Proceeds from those assets will be used to pay back as much of the bond value as...

Why are Ashley’s team supposedly physically at the stadium doing “due diligence”, given that the vast majority of such an exercise is paper based? The only reason I can think of is checking the condition of the stadium given the concerns about significant dilapidations to be remedied. Still not...

So you think nothing will come of the Wasps legends bid which is already being considered by RFU?

Totally agree

Why would Ashley express an interest in CCFC before he has secured the stadium. Revealing his intent could put the price up and he would be better to discover an interest when he has the stadium and experiences the vibe.

I was going to add that it was based on an old story - that a bondholder was suggesting was still a possibility, thinking that would be a route for them to get their £35m back. Since reported that the refinance option was withdrawn and Ashley went into distressed purchase mode. I don’t think...

From what I have seen, it was a bondholder who was talking about a possible refinance which seems to me to be grasping at straws in terms of getting their money back with little thought about a how nonsensical that would be.

Get the fuck in, great result

5

What a good save

What a miss

Get in. Allen adds nothing!!