Wasps current finances & hope (9 Viewers)

Captain Dart

Well-Known Member
If Rugby kills itself I won't be shedding any tears.
 

Terry Gibson's perm

Well-Known Member
Losing at the moment in front of their big crowd shows it’s not just our players freeze in front of big crowds at the ricoh
 

chiefdave

Well-Known Member
Noticed on the Telegraph site that since Wasps took over the Ricoh the council have decide to become concert promoters and put on events there. Article says the council lost money due to poor sales but can't say how much - would have thought that they'd have accountants that could give them that sort of information.

Sure its just coincidence and nothing to do with funneling money in to ACL to prop up Wasps.
 

Nick

Administrator
I did read that, it's a bit random that the council are funding concerts at the Ricoh and making a loss on them.
 

Terry Gibson's perm

Well-Known Member
Noticed on the Telegraph site that since Wasps took over the Ricoh the council have decide to become concert promoters and put on events there. Article says the council lost money due to poor sales but can't say how much - would have thought that they'd have accountants that could give them that sort of information.

Sure its just coincidence and nothing to do with funneling money in to ACL to prop up Wasps.


Is it can’t say how much or don’t want to say how much
 

Terry Gibson's perm

Well-Known Member
Surely if somebody quoted them the freedom of information act they'd have to give details anyway? I'm not sure how the FOI thing works? Surely it's to cover things like situations such as these?!

Sent from my SM-G955F using Tapatalk

The telegraph wont ask them as they are all in the same bed
 

oldfiver

Well-Known Member
Going to get messy then. Will be interesting to see how quickly it gets dealt with.

Hard to see how they can stop a private company from selling its own shares to who they want when all the shareholders agree to the sale.

What are they challenging exactly? The whole deal to sell or elements of it? And on what basis?

Does the deal stop promotion from the championship? Who is funding the legal action? Are the RFU involved in the action? Funding the legals I would think will be key, the premiership teams would seem better placed in that respect

Won't be wasps in court over this one though will it . It will be premier rugby limited (I think that's the right name?)

UPDATE

Championship clubs consider legal action if Premiership ends relegation | Daily Mail Online

But at least WASPS have an insider to help their corner

Team - Oakwell Capital
 

djbooth

Well-Known Member
I have a question I have seen that the bond price has raised and still raising over the last few weeks. If their finances were bad iwould it not fall?? I know they wil get the cvc money but they have the training ground to pay for and their ever increasing debt. Why is it raising???

Thanks in advance
 

Grendel

Well-Known Member
I have a question I have seen that the bond price has raised and still raising over the last few weeks. If their finances were bad iwould it not fall?? I know they wil get the cvc money but they have the training ground to pay for and their ever increasing debt. Why is it raising???

Thanks in advance

Got some Bonds have you?
 

Grendel

Well-Known Member
No. I’m tempted to invest in a big can of raid.

I just thought it was strange thou. If they are in shite.I thought the bond price would reflect it

It’s 6% below the issue price isn’t it?
 

Grendel

Well-Known Member
It isn't an ordinary bond and not ordinary bond holders. Nothing to say Richardson himself hasn't bought a load of them

Yes I’ve always wondered how many are owned by Moonstone
 

chiefdave

Well-Known Member
Yes I’ve always wondered how many are owned by Moonstone
The way the bond holders waved through the amendments asking for nothing in return when their accounting 'mistakes' were spotted shows the majority aren't regular investors. If they were they would have wanted something back, Wasps were over a barrel and couldn't have said no to demands for improved terms.
 

Captain Dart

Well-Known Member

chiefdave

Well-Known Member
You don't even need to look at the accounts to know its bad news. The fact that its quietly slipped out rather than announced with an article in the Telegraph tells you all you need to know.
 

oldfiver

Well-Known Member
They are listing their average attendance as 19,210 as of December 2018, this seems a lot higher than it should be? I know the Christmas 'sell out' game would have boosted the average but I'm sure it would be more around the 17,000 mark.

It does say "attendance" not "sales"
 

Brighton Sky Blue

Well-Known Member
You don't even need to look at the accounts to know its bad news. The fact that its quietly slipped out rather than announced with an article in the Telegraph tells you all you need to know.

I don't get how the Ricoh has gone up 7x in value since they bought it?
 

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