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Wasps said they were going to double the number of heat lamps.

No, it’s not that at all. They need holders of 75% of the bonds value to agree to any proposal they put forward. Bondholders see the mortgage they hold as being worth £35 million and they will want as much if their money back as possible.

Apparently not. I’m here in person!

It means Wasps are in the shit and the bond holders know they are. Double shit.

And what would the building societies take on that be?

Primacy and precedent requirement of EFL

If asps are trading insolvently, which even some on Drunken Wasps now believe, I doubt there’s much that Andy Street can do. That is, other than bung them a £13m grant. However, who in their right mind would do that with an insolvent company, could be political suicide.

I t hink there would be a difference between withholding rent which would be a breach of contract. And taking legal action for Wasps breach of contract

We have a subtenancy that would stay in place. Bit like selling a rental property with a tenant, not vacant possession.

They need 75% by value of bonds to approve the consent solicitation.

EFL will have had to approve the terms of the ground share: pitch quality and primacy are requirements

From bondholders forum coley88 10 Aug '22 - 14:05 - 791 of 792 0 0 0 We should all get together and foreclose - Anyone have the contact details of the Bond Trustee bigfish1 10 Aug '22 - 16:05 - 792 of 792 0 0 0 Laurence Griffiths [email protected] cc...

Latest posts from bondholders forum:- coley88 10 Aug '22 - 14:05 - 791 of 792 0 0 0 We should all get together and foreclose - Anyone have the contact details of the Bond Trustee bigfish1 10 Aug '22 - 16:05 - 792 of 792 0 0 0 Laurence Griffiths [email protected]...

They are. One wag suggested they ask Gloucester.

To be honest, I think Grendel is an equal opportunities pain in the arse on both sites.

Drunken Wasps doing a poll on attendance for first game. https://www.rugbynetwork.net/boards/read/s96.htm?98,17206225,17206225,page=1#msg-17206225 Surely even they will get more than 15 people!

So CCFC as a sub leaseholder would have a right to contest forfeiture of the lease back to CCC, as would Wasps RFC and the bondholders (who would be looking for as much if their money back as possible).

If there is no relegation, a points deduction would have no real effect. Demotion as per Saracens would.

He’s a miserable shit.

Which eff3ctively happened as the pitch as handed back before the end of the “exclusivity agreement”.