Sadly it seems as the focus of the press has switched from Wasps to Worcester warriors with the latter making some wasp like moves - training grounds sold to
A new company , car park purchased by the owners ! Even Worcester apparently have done means to get out of their position so I don’t see Wasps caving anytime soon sadly
It all depends on the bondholders response to Wasps revised plan to, presumably, extend the repayment deadline whilst they pursue alternative financing options. Given the trajectory of interest rates, refinancing is only going to get more expensive. Given the inflation trajectory, there is the possibility that attendances will be further reduced as local support is in the minority - making affordability of refinancing more tricky.Sadly it seems as the focus of the press has switched from Wasps to Worcester warriors with the latter making some wasp like moves - training grounds sold to
A new company , car park purchased by the owners ! Even Worcester apparently have done means to get out of their position so I don’t see Wasps caving anytime soon sadly
It all depends on the bondholders response to Wasps revised plan to, presumably, extend the repayment deadline whilst they pursue alternative financing options. Given the trajectory of interest rates, refinancing is only going to get more expensive. Given the inflation trajectory, there is the possibility that attendances will be further reduced as local support is in the minority - making affordability of refinancing more tricky.
The plan is supposed to be published in August. Bondholders are already anxious and if there is a delay they will only become more so.
My concern is that Worcester seem deeper in the shit but reckon they can see a way out ! the articles in the Telegraph have stopped mentioning Wasps with regard to HMRC - no relegation in the Rugby so what happens ?