Slight tangent, but who were CCFC's auditors when our accounts were 'a bit of a mess'?
OK, so at least Wasps can console themselves that PWC didn't sign our messy accounts off, but wouldn't touch theirs. Not all bad news thenBDO is one that I can find : Auditors query Coventry City FC as a going concern - Accountancy Age
If PWC advised the board that Derek”s £1.1m injection would count towards the bond’s EBITDA/interest covenant they deserve sacking. And having their office burned down, and the ruins strewn with salt.
I would have thought so.Now... I'm no expert (and await OSB with interest) but I'm not aware of 'falsified' being used overly frequently in such things. Which surely makes it kind of... bad?
Next season's been agreed. I'd assume the values are pretty insignificant in the grand scheme of things really.So now, surely SISU see this - they must be thinking they can strike whilst the target is maimed?
Hypothetically, what are people's thoughts if they moved the club somewhere (Butts or further) in order to starve Wasps of the rent, pushing them closer to the edge so they can try to get the stadium back.
I might have completely missed the point, but it is the first thing that's come to my mind.
Wonder what the Telegraph view will be?
Here's one - BREAKING: Wasps’ future ‘uncertain’ and evidence ‘falsified’, say auditors in new accounts, as bond price falls
Wonder what the Telegraph view will be?
Your timing for a holiday is impeccably badSorry chaps going to have to wait for comments from me. Presently on holiday in Sorrento. Back for Saturday's game will comment after that. Important things first.
The comments are that are brilliant. You can tell which ones are Wasps fans who have splashed out and which are regular investors.
They are probably the same people...
Nice to see you backThey're a really smug lot over on the Drunken Wasps site, reminds me of most of those who were fully behind Sisu.
The lack of questioning of Sisu from the start has hurt us, to be fair hope that the lack of questioning from the Wasps lot fucks them right up and they can fuck off to anywhere that will have them and their happy clappy new fans can fuck off with them too.
Sorry chaps going to have to wait for comments from me. Presently on holiday in Sorrento. Back for Saturday's game will comment after that. Important things first.
The only people I feel sorry for are the diehard wasps fans who have followed them from London to high Wycombe to here. To The hedge fund, investors and plastic fans....hahaha
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They're a really smug lot over on the Drunken Wasps site, reminds me of most of those who were fully behind Sisu.
The lack of questioning of Sisu from the start has hurt us, to be fair hope that the lack of questioning from the Wasps lot fucks them right up and they can fuck off to anywhere that will have them and their happy clappy new fans can fuck off with them too.
Waiting for the new pr company to brief him?Where’s Italia?
The accounts delay is a technicality and isn’t bad as the bond price hasn’t changed. As I pointed out - wait until it’s announced - now it’s fell 12% in a day.
Land Rover stadium - tell me when I’m proved wrong - you have been - Ricoh carry on at a massively cut priced deal.
That cretin Raggs says all clubs are the same so it’s fine and another financial expert said without the bond they’d be in great shape
You know something's serious wrong when they feel the need to hire a private PR company....UPDATE: Wasps have now issued the following statement via what appears to be a recently hired PR company, Tulchan Communications Group, based in London: “This was an isolated incident, entirely at odds with our policy of maintaining the highest standards of governance. The matter has been addressed directly and as we announced in December, a number of measures have been put in place to strengthen the robustness of the Group’s reporting and accounting procedures.”
This evening. we invited a further Wasps response to the auditors’ notion that evidence was ‘falsified’, and the national report that PwC has resigned as auditor to Wasps.
The PR company told us no further statement will be issued regarding the falsification claim.
It provided a statement confirming Wasps’ intention to employ new auditors Mazars for the following year’s accounts, “subject to completion of Mazars’ new client procedures”.
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