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Wasps downward spiral... (2 Viewers)

  • Thread starter CCFC54321
  • Start date Oct 20, 2018
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Evo1883

Well-Known Member
  • Jul 10, 2022
  • #5,496
Sat here patiently waiting for it to go really really wrong for them
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Jul 10, 2022
  • #5,497
My man is definitely on the banter bus. Sees HuckerbyDublinWhelan say “charge the club more”

and here we go…..

own up then - which one of you is Shugs
 

Gynnsthetonic

Well-Known Member
  • Jul 10, 2022
  • #5,498
HuckerbyDublinWhelan said:
My man is definitely on the banter bus. Sees HuckerbyDublinWhelan say “charge the club more”

and here we go…..

own up then - which one of you is Shugs
View attachment 25249
Click to expand...
A tonic
 
Reactions: HuckerbyDublinWhelan, Kneeza and wingy

tisza

Well-Known Member
  • Jul 11, 2022
  • #5,499
Gynnsthetonic said:
Where actually has the original £35m bond gone to, its just like disappeared into thin air.
Click to expand...
mainly used to clear debt to Richardson and ACL debt to CCC wan't it?
 

Liquid Gold

Well-Known Member
  • Jul 11, 2022
  • #5,500
HuckerbyDublinWhelan said:
My man is definitely on the banter bus. Sees HuckerbyDublinWhelan say “charge the club more”

and here we go…..

own up then - which one of you is Shugs
View attachment 25249
Click to expand...
Shows they're an embittered city fan who abandoned us in our time of need and will die on Wasps' hill

Their cultural knowledge of us is the PL years when they probably popped up HR on the reg.

These scumbags are the worst of the worst.
 
Reactions: Sick Boy, Evo1883, no_loyalty and 1 other person
O

oldfiver

Well-Known Member
  • Jul 11, 2022
  • #5,501

Despair for investors trapped in Wasps’ £35m bond

Former London rugby club raised money from DIY investors to buy a stadium in Coventry
www.telegraph.co.uk

The comments are interesting - wonder if HSBC and WMAC are reading
 

MusicDating

Euro 2016 Prediction League Champion!!
  • Jul 11, 2022
  • #5,502

I mean Wasps definitely haven't been disastrously run financially...

Merging with QPR is the future! - https://qprreport.proboards.com/thread/4040 (familiar sounding quote from Dallaglio ' "It would provide us with the best stadium facilities in the country and help us go into the new era of professional rugby in the right environment to produce a trophy-winning side.")

Ah. Well moving to Wycombe will fix everything! - (20 years later, you could simply replace Wycombe with Coventry in this article) - Wasps agree ground share with Wycombe.

It's going so well, we'll extend the deal! - Wasps extend the groundshare deal (Suspiciously familiar from Dallaglio "Having a fantastic stadium to play in is of huge importance. We've won four trophies in two years at Wycombe and that says everything you would want to say.")

Oh! - London Wasps: From European Champions to Administration Nightmare

No worries, let's just change our name and move to Cov!...

They dragged their fans to Loftus Road, Wycombe and Coventry. I really have very little sympathy for them.
 
Reactions: CovBrummie94, Sick Boy, vow and 9 others

Nick

Administrator
  • Jul 11, 2022
  • #5,503
Again, it's their fans having no actual clue what's happened.
 
Reactions: Sick Boy

Liquid Gold

Well-Known Member
  • Jul 11, 2022
  • #5,504
Nick said:
Again, it's their fans having no actual clue what's happened.
Click to expand...
The legacy fans on there have some clue. It's twats like that who only know sisu=bad, wasps=good because that's what was in the telegraph that shout the loudest.
 
Reactions: MusicDating and shepardo01
O

oldfiver

Well-Known Member
  • Jul 11, 2022
  • #5,505
A bondholder thinks CCFC chasing Arena ownership
 

Nick

Administrator
  • Jul 11, 2022
  • #5,506
oldfiver said:
A bondholder thinks CCFC chasing Arena ownership
Click to expand...

Oh is it going to come back as SISU's fault?
 

Flying Fokker

Well-Known Member
  • Jul 11, 2022
  • #5,507
oldfiver said:
A bondholder thinks CCFC chasing Arena ownership
Click to expand...
What if SISU hold a large number of bonds? Anyway, SISU know what to do don’t they? Hopefully they would play a better hand than last time.
 

Liquid Gold

Well-Known Member
  • Jul 11, 2022
  • #5,508
Flying Fokker said:
What if SISU hold a large number of bonds? Anyway, SISU know what to do don’t they? Hopefully they would play a better hand than last time.
Click to expand...
Sisu could have bought a large number of bonds when they were being sold at 40p in the pound. Then they could not only get ownership of the stadium on the cheap most of the money they pay for it would actually go to themselves anyway. If Wasps refinance then they make a buck.

Unfortunately there is no evidence that there was any significant trading in them that would mean sisu could affect any outcome.
 
Reactions: Flying Fokker

Terry Gibson's perm

Well-Known Member
  • Jul 11, 2022
  • #5,509
Ahh my heart bleeds for Mr Adrian Rossiter aka Mr Greedy Bastard
 

fernandopartridge

Well-Known Member
  • Jul 11, 2022
  • #5,510
You have to smile at the average Torygraph reader, obsessed with wokery

Go woke, go broke. As a life long Wasps supporter I was enraged when the Wasps board took it upon themselves to complain to the RFU about the Exeter Chiefs ‘appropriation’ by their Indian mascot. What woke bilge. So there is some considerable satisfaction in seeing their financial woes now.
Click to expand...
 
Reactions: Sick Boy and djr8369
O

oldfiver

Well-Known Member
  • Jul 11, 2022
  • #5,511
Liquid Gold said:
Sisu could have bought a large number of bonds when they were being sold at 40p in the pound. Then they could not only get ownership of the stadium on the cheap most of the money they pay for it would actually go to themselves anyway. If Wasps refinance then they make a buck.

Unfortunately there is no evidence that there was any significant trading in them that would mean sisu could affect any outcome.
Click to expand...


I don't think a large holding would give them any preferential discount on the Arena sale

I assume an LPA Receiver would be appointment would be made who has a duty to get the best price available

The most likely large Bondholders are "Friends" WASPS looking at the 6.25% returns or Insurance/ Pension Funds
 

Liquid Gold

Well-Known Member
  • Jul 11, 2022
  • #5,512
oldfiver said:
I don't think a large holding would give them any preferential discount on the Arena sale

I assume an LPA Receiver would be appointment would be made who has a duty to get the best price available

The most likely large Bondholders are "Friends" WASPS looking at the 6.25% returns or Insurance/ Pension Funds
Click to expand...
It would give them a discount in that they would essentially be paying money to themselves.
 
Reactions: Kneeza
O

oldfiver

Well-Known Member
  • Jul 11, 2022
  • #5,513
Liquid Gold said:
It would give them a discount in that they would essentially be paying money to themselves.
Click to expand...


I think you have been to the Grendel school of accountancy ( Sorry G )
 
O

oldfiver

Well-Known Member
  • Jul 11, 2022
  • #5,514
Liquid Gold said:
It would give them a discount in that they would essentially be paying money to themselves.
Click to expand...

But they paid out in first place if they bought bonds. I suppose if they bought a block at 40p and got 100p they will have a profit of 60p

However to do that they would have to redeem all the remainder at 100p

But unless they bought off market it didn't happen anyway
 
O

oldfiver

Well-Known Member
  • Jul 12, 2022
  • #5,515
Anyone watching ADVFN should check today's posts

One Bondholder suggesting going against Richardson personally if they lose out with WASPS! Interesting - OSB def one for you!
 
B

Brighton Sky Blue

Well-Known Member
  • Jul 12, 2022
  • #5,516
fernandopartridge said:
You have to smile at the average Torygraph reader, obsessed with wokery
Click to expand...

I mean this is a league with unfortunate team names like Harlequins and Saracens
 

Gynnsthetonic

Well-Known Member
  • Jul 12, 2022
  • #5,517
oldfiver said:
Anyone watching ADVFN should check today's posts

One Bondholder suggesting going against Richardson personally if they lose out with WASPS! Interesting - OSB def one for you!
Click to expand...
Richardson is starting to come under scrutiny, the bond holders are stuck and have virtually no correspondence from anybody. Not sure weather Richardson could face legal proceedings the longer it drags on
 

Razzle Dazzle Dean Gordon

Well-Known Member
  • Jul 12, 2022
  • #5,518
Brighton Sky Blue said:
I mean this is a league with unfortunate team names like Harlequins and Saracens
Click to expand...
Think i get Saracens but what's unfortunate about Harlequins as a name?
 
B

Brighton Sky Blue

Well-Known Member
  • Jul 12, 2022
  • #5,519
Razzle Dazzle Dean Gordon said:
Think i get Saracens but what's unfortunate about Harlequins as a name?
Click to expand...
Harlequin syndrome - Wikipedia
 

Kneeza

Well-Known Member
  • Jul 12, 2022
  • #5,520
Brighton Sky Blue said:
I mean this is a league with unfortunate team names like Harlequins and Saracens
Click to expand...
Chiefs at least as bad.
They may be feigning to realign with tribal celtic stuff, but that just doesn't wash .
 
B

Brighton Sky Blue

Well-Known Member
  • Jul 12, 2022
  • #5,521
Kneeza said:
Chiefs at least as bad.
They may be feigning to realign with tribal celtic stuff, but that just doesn't wash .
Click to expand...

Dare I say it goes back to good old public school tomjapery
 

Sky Blue Harry H

Well-Known Member
  • Jul 12, 2022
  • #5,522
Grendel said:
i hate champagne the only reason I’m still alive is the only alcohol I like is in a pint glass - I can just about tolerate a small amount of whiskey but every wine I’ve had I hate
Click to expand...

We hate every whine you've had too, G
 

Razzle Dazzle Dean Gordon

Well-Known Member
  • Jul 12, 2022
  • #5,523
Brighton Sky Blue said:
Harlequin syndrome - Wikipedia
Click to expand...

Oh right, not heard of the condition before or of any controversy about the club name is all, cheers.
 
D

Deleted member 5849

Guest
  • Jul 12, 2022
  • #5,524
This is more the origin!

Harlequin - Wikipedia

en.wikipedia.org
 
Reactions: CovBrummie94 and Razzle Dazzle Dean Gordon
B

Brighton Sky Blue

Well-Known Member
  • Jul 12, 2022
  • #5,525
Razzle Dazzle Dean Gordon said:
Oh right, not heard of the condition before or of any controversy about the club name is all, cheers.
Click to expand...

Nor had I heard of the clown! Learn something new...
 
Reactions: Razzle Dazzle Dean Gordon

Sick Boy

Super Moderator
  • Jul 13, 2022
  • #5,526
Liquid Gold said:
Shows they're an embittered city fan who abandoned us in our time of need and will die on Wasps' hill

Their cultural knowledge of us is the PL years when they probably popped up HR on the reg.

These scumbags are the worst of the worst.
Click to expand...
Italia?
 
Reactions: ccfcrob

skybluetony176

Well-Known Member
  • Jul 13, 2022
  • #5,527
Liquid Gold said:
It would give them a discount in that they would essentially be paying money to themselves.
Click to expand...
If it went to legal it might give them a voice on what happens next. They have history of doing this.
 
O

oldfiver

Well-Known Member
  • Jul 13, 2022
  • #5,528
skybluetony176 said:
If it went to legal it might give them a voice on what happens next. They have history of doing this.
Click to expand...
Who is the "They" ?
 
B

Brighton Sky Blue

Well-Known Member
  • Jul 13, 2022
  • #5,529
Sick Boy said:
Italia?
Click to expand...

Crying into his steak ciabatta
 

skybluetony176

Well-Known Member
  • Jul 13, 2022
  • #5,530
oldfiver said:
Who is the "They" ?
Click to expand...
SISU.
 
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