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Someone on the bond holders forum have suggested that extending the term at current interest rate could be preferable to Wasps as commercial rates are likely to be 10% or more.

Did you receive new swipe cards?

That’s an interesting one. There is no sporting performance based relegation according to PRL rules, but if Wasps went spectacularly bust- who knows. Which is why I said “potentially”.

According to RFU rules, they could potentially be relegated.

Because it will potentially limit the range of penalties from the RFU.

It will be half that as it will be 6 months interest.

Probably waiting to get past the first match of the season.

Not being illegal doesn’t make it not a deadline. I think trading whilst insolvent is illegal though.

They didn’t say they would aim to, they said they would - so it was a (self proposed/imposed) deadline. From Wasps update of 30 July ”The issuer is now working on the proposed bond terms to be amended and will formally launch a consent solicitation process in August once the proposed terms...

Pitch doesn’t look great after warm up.

Another deadline missed by Wasps, no consent solicitation published.

The crazy thing is that Sisu might actually have been able to attract some funding to develop some real estate in the arena area.

its been reported that they did reject that.

Don’t forget Commonwealth Convention Centre Ltd

It doesn’t say that. The view has been that we paid the upfront cost to be recovered through a reduction in rent for rest of the year - which we all would have expected. The wording if the statement is entirely consistent with that view.

Unless the merger was based on Wasps moving to Worcester and the arena etc sold to satisfy the bondholders.

Tweet from Worcester News equivalent to Bobby Bridge Breaking Warriors update: I have been informed that the August payroll (due tomorrow) “at this moment” will not be fulfilled for staff and players. According to the owners, this is due to the accounts being frozen. The overall outcome for...

No chance

I see Wasps have rejected a proposal to merge with Worcester.

I assume you meant a point not a comma (sorry for being a pedant)