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Let’s hope they take the next 15 minutes to sort out this shit show coverage.

God

Could have been Wasps themselves, or Richardson. At one point the bonds were being sold at 40% of issue/ redemption price.

The Trustee has been challenged by one of the bond holders as to why no action has been taken with the bonds in default from both the original and revised dates. No reply has been forthcoming as yet, I wonder what penalties there are for Trustees who fail to fulfil their duties? Who would lend...

The guarantors are wasps Holdings and Arena Coventry Limited. I thought ACL managed the Arena, not owned it. However, bond holders seem to think the Arena itself is the collateral.

Something has probably come up in the due diligence carried out so far - like the need for repairs to the principal asset.

Sounds like buying time whilst the grant application is considered by WMCA.

The interest was 6.5% per year paid in two instalment, not 6% every 6 months. So the £2k investor will have received £910 so far.

Commercial leases I have been involved in have seen dilapidations being the responsibility of the lease holder. Wasps have chosen to spend money on, for example, the new training centre (to the detriment of the local community) rather than addressing either the dilapidations or bond repayment...

The lack of transparency, citing commercial sensitivity, for an application for public funds is unacceptable.

Or yellow.

A sort of gluru then.

it Is really annoying.

Very dignified

Football management teams tend to arrive and depart at the same time.

What a team

Get in Sheaf

Good response

Really poor again

Didn’t Dabo come from Holland?