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It is entirely possible that Wasps have signed two mutually exclusive agreements, one giving CWG exclusivity beyond the start of the football season, the other giving football fixtures primacy. That would be Wasps problem and could be the reason they negotiated the early, but fruitless, release...

Exactly

CBS must be finding this hugely embarassing

Depends what the purchase price is.

It will be more than an implied term, it is an EFL requirement.

And what could they have done about it?

No it isn’t. Wasps have told bondholders they won’t be raising the finance by then, and are putting together a proposal to extend the term of the bond which holders have to vote on.

No, I’m not.

What would the compensation be if we get a points deduction and miss out on promotion by up to 3 points?

He has said all be well in a few weeks.

All that shows is the pitch was shit beforehand.

Very good point about maintenance during the games. I think it hasn’t been adequately watered, wasps probably can’t afford the water bill.

The sub lease agreement for CCFC to groundshare would have had to have been approved by the EFL and to have been in line with their regulations:- “Except in cases where a Club seeks consent to enter into a ground-sharing agreement with another Club, it shall be a condition of any such consent...

The RFU require them for inspection on or before 31 December. That will be Holdings who operate the RFC. Not sure if they are “confidential” at that point but probably are. Bondholders and/ or bond trustees may want some detail as part of the consent solicitation. if there is a doubt about...

Their accounting year runs to June, so The last accounting year is to June 2022 which statements are due, The June 2021 statements raise doubt about going concern if bonds not repaid May 2022. I think it’s on page 28.

Yes, it’s Holdings who operate the RFC, own ACL and are major shareholders in IEC https://www.wasps.co.uk/media/8656/whl-group-ye-30-06-2021-final.pdf

Their accounts (to end June 22) will be interesting given that last years cast doubt over whether they could be considered a going concern if bonds repayment not met, which they haven’t been within the 2022 accounting year.

12th August written off. Wasps have said they are putting together a proposal to extend the terms of the bond (a consent solicitation) to give them more time to come up with a refinance package.