Liquid Gold
Well-Known Member
Even if they were worth less than their debt they are still bringing in the funds to pay it.
Wasps had 1 large debt looming and they've defaulted on it.
Even if they were worth less than their debt they are still bringing in the funds to pay it.Man United are worth more than their debt , are wasps worth more than their debt of 54 million? Not sure they are anywhere close to that
I don’t know of any City fan that wishes Wasps well. I want them to fail and clear off back to their own fans in the south east. I want us (and that certainly isn’t necessarily Sisu) to own for the first time the stadium that was built for us.I think most City fans would feel the same.I’m sure that’s right
SISU carries more debt than that on the football side of things. I can't see a good case for bailing them out.Debt free yes. Taking on £17.5m debt or paying that for it fuck no.
Of course they would. Can't say that outright as they need to work with partners but... of course they would!I wonder what cov rugby fans and ownership thinks of this ? I reckon deep down they'd love wasps to fuck off
Bobby Bridge is alive
Free shirt must have been refused then….Looks like he is just going OTT with Leicester Tigers stuff though?
Bobby Bridge is alive
If they ever make a film of this, who'll play the main protaganists?
Joy - Sharon Stone
Fisher - Shane Ritchie
Gilbert - Paul Chuckle
Duggins - Kevin Spacey, though it might damage his reputation.
Richardson - that bloke of Emmerdale
Robins - Ryan Reynolds
Adi - The Rock or Brendan Gleeson
Surely Gilbert is Emmet from the Lego movie
I wonder what cov rugby fans and ownership thinks of this ? I reckon deep down they'd love wasps to fuck off
it's absolute garbage.This is full blown insanity
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Professional sports clubs don not exist in the real fiscal world - yes the do, of course they do
You are not Man Utd, they have a load of debt, they also generate more money than any other team outside of the US (I think), they are not losing money
Strange that you seem to be the only club applying for those funds, it's almost as if it should be a concern. It isn't your owners being full on geniuses applying for a grant that nobody else had thought of.
Honestly get the nurse.
They’ll never be a shortage of people with the ability to maintain Man U’s waiting to buy Man U either. Can’t see there being a long queue of people to buy debt ridden Wasps.Man United are worth more than their debt , are wasps worth more than their debt of 54 million? Not sure they are anywhere close to that
I get the feeling that poster just doesn't want to admin that he may lose his investment/rugby team. Does he think a casino/hotel 'do not exist in the real fiscal world' ?it's absolute garbage.
The owners of professional sports teams might believe they don't have to operate in the fiscal world but they do.
This isn't old Wild west of sports team ownership when rich local people ran them on a whim and as a personal toy.
Once you get into debt you are in the "real fiscal world".
Also WMCA don't have a limitless budget so asking for 13 million is a noteable % of the resources they have to hand. Plus every sports team in the area is going to be asking for handouts if Wasps get one. CCFC just as entitled to ask for the lost income for when they had to play behind closed doors.
Original poster an idiot
No idea how long these applications would normally take to process though. Surely they couldn't make a decision on that much money by the end of June?!
Bobby Bridge is alive
Has he stopped posting on here as a PR stooge from Dubai, and started doing some real work now?
No …as concerning as the situation is …. . I’m Just enjoying reading all the gloating and speculation…. And yes I’ve been doing some real work today.
Didn’t sisu try and buy the debit from Yorkshire bank and write it off for 50% of the stadium, then the council came in and offered the bank moreThe debt has always been the thing that has made the ownership model on the arena unsustainable. Was for us CCC Wasps and whoever comes next
Yeah but sisu would have borrowed against it. Or that’s what the PR line was anyway.Didn’t sisu try and buy the debit from Yorkshire bank and write it off for 50% of the stadium, then the council came in and offered the bank more
Didn’t sisu try and buy the debit from Yorkshire bank and write it off for 50% of the stadium, then the council came in and offered the bank more
Surely Gilbert is Emmet from the Lego movie
I'm glad you took it in the manner it was intended.
Now you know your rugby, how do you think the other top teams will feel if Wasps finances get propped up with State Aid, whilst their playing budget remains untouched due to this?
Sarries cheated and got caught out....I'm sure some well run local teams wont take kindly to this. I must ask the question on the Saints forum.
I’m sure as egg chasers are egg chasers others here will disagree with me.
Right now we don’t know what the £13m is for or indeed the structure / terms of any funding, if indeed it’s granted. However that doesn’t make it any less concerning for me as it doesn’t paint a good picture. Time will tell.
I guess other clubs will make their mind up once the full picture is clear.
As for comparisons with Saracens, they were caught paying players more than they should, to give them a competitive edge over other clubs to win trophies, if Wasps are found to be doing the same then of course throw the book. But at the moment I’m not sure how you can link £13m funding for something we don’t know the full picture of to the players salaries, that said I’m sure as eggs are eggs others here will disagree with me.
Wasps charge sheet is far worse than Saracens. Only they've won nothing as a result.
Is it ? ….. why not explain ?
Did you bully him?I have Simon on my Facebook, as I was in the same class at school
Collusion with CCC as detailed in this thread.
Broken promises about not working to the detriment of the cities existing sports teams.
Broken promises on regeneration of the North side of the city.
Colluding with a syndicate trying to take over CCFC, which many supporters feel would have been even more disastrous for the club.
Raising finances via a bond which they clearly are struggling to pay.
Hostile take over of a local village sports and community facility.
That's off the top of my head, I'm sure there's more.
Of course, some ofthe above was facilitated by our owners and their actions.
But if you thing saracens bunging their players a few quid more then fair enough.
He didn't say salary cap regs, he said charge sheet.Regardless of anyones view of the rights or wrongs of the above, ……..is any of that in breach of the salary cap regs ? If it is then I’m all for punishing Wasps in the same way as Saracens. But at least compare apples with apples.
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