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Wasps downward spiral... (6 Viewers)

  • Thread starter CCFC54321
  • Start date Oct 20, 2018
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Sick Boy

Super Moderator
  • Jul 13, 2022
  • #5,531
Brighton Sky Blue said:
Crying into his steak ciabatta
Click to expand...
Was that something invented by Hadji?
 
B

Brighton Sky Blue

Well-Known Member
  • Jul 13, 2022
  • #5,532
Sick Boy said:
Was that something invented by Hadji?
Click to expand...

Strikes me as a Horacio Carbonari thing
 
O

oldfiver

Well-Known Member
  • Jul 13, 2022
  • #5,533
skybluetony176 said:
SISU.
Click to expand...

Oh right so out of £35m how many bonds do you think they hold and when did they buy them if you look back at the trades?
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Jul 13, 2022
  • #5,534
oldfiver said:
Oh right so out of £35m how many bonds do you think they hold and when did they buy them if you look back at the trades?
Click to expand...
Do we actually know SISU have bonds or is it just pure speculation?
 

Liquid Gold

Well-Known Member
  • Jul 13, 2022
  • #5,535
HuckerbyDublinWhelan said:
Do we actually know SISU have bonds or is it just pure speculation?
Click to expand...
I think it's highly unlikely they do and even if they did it won't be an amount to make a significant difference.
 
Reactions: HuckerbyDublinWhelan
H

HuckerbyDublinWhelan

Well-Known Member
  • Jul 13, 2022
  • #5,536
Liquid Gold said:
I think it's highly unlikely they do and even if they did it won't be an amount to make a significant difference.
Click to expand...
I thought I was an odd conversation, wouldn’t make sense for them to buy the bonds
 
O

oldfiver

Well-Known Member
  • Jul 13, 2022
  • #5,537
HuckerbyDublinWhelan said:
I thought I was an odd conversation, wouldn’t make sense for them to buy the bonds
Click to expand...

Hardly a conversation just an attempted wind up
 

skybluetony176

Well-Known Member
  • Jul 13, 2022
  • #5,538
oldfiver said:
Oh right so out of £35m how many bonds do you think they hold and when did they buy them if you look back at the trades?
Click to expand...
How would I know? Just pointing out that they have a history of challenging refinancing of a company that they a financial interest in through the courts. It’s not beyond the realms of possibility that they were snapping up bonds when they were dirt cheap as was suggested and potentially it could put them in a position where they can revert to type and pursue action in the courts as an interested party, having purchased bonds. I’m not saying that they have, I really wouldn’t know one way or the other. But it’s certainly not beyond the realms of possibilities.
 
O

oldfiver

Well-Known Member
  • Jul 13, 2022
  • #5,539
skybluetony176 said:
How would I know? Just pointing out that they have a history of challenging refinancing of a company that they a financial interest in through the courts. It’s not beyond the realms of possibility that they were snapping up bonds when they were dirt cheap as was suggested and potentially it could put them in a position where they can revert to type and pursue action in the courts as an interested party, having purchased bonds. I’m not saying that they have, I really wouldn’t know one way or the other. But it’s certainly not beyond the realms of possibilities.
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Good lord! Conspiracy theorist.

It would make more sense for WASP acolytes to buy them
 

Grendel

Well-Known Member
  • Jul 13, 2022
  • #5,540
oldfiver said:
Good lord! Conspiracy theorist.

It would make more sense for WASP acolytes to buy them
Click to expand...

Hardly any bonds were sold after the initial purchase surely?
 

Flying Fokker

Well-Known Member
  • Jul 13, 2022
  • #5,541

ADVFN

uk.advfn.com
 
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oldfiver

Well-Known Member
  • Jul 13, 2022
  • #5,542
Flying Fokker said:

ADVFN

uk.advfn.com
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It says the Forum was one of the most active not the bond trading which was negligible
Possibly means some very large holdings in the Register?
 
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oldfiver

Well-Known Member
  • Jul 13, 2022
  • #5,543
Grendel said:
Hardly any bonds were sold after the initial purchase surely?
Click to expand...

Don't change your habits G by quoting real facts
 
Reactions: Deleted member 5849

skybluetony176

Well-Known Member
  • Jul 13, 2022
  • #5,544
oldfiver said:
Good lord! Conspiracy theorist.

It would make more sense for WASP acolytes to buy them
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It’s just theory, someone has to be claiming it as fact to be a conspiracy theory. No one has done that.
 

ccfcchris

Well-Known Member
  • Jul 13, 2022
  • #5,545
This is a PR nightmare for Wasps. Why on earth are they remaining silent through it all. They're beginning to make SISU at their worst look not half bad.

The pressure to stem the massive losses next season grows by the minute if they don't pull it off any lenders if any will want top dollar for other loans.

The end game may be slow but it must be getting ever closer.
 

Liquid Gold

Well-Known Member
  • Jul 13, 2022
  • #5,546
Whenever you catch yourself feeling sorry for them remember the glee they took when in command, remember "enjoy Birmingham", remember when we were all distraught they had no sympathy but 'blame your owners", remember the twats that have posted on here, remember when they disrespected our legends wall and memorial garden, remember being told to "keep paying the rent".

Fuck them
 
Reactions: duffer, no_loyalty, Sick Boy and 17 others
C

CCFC54321

Well-Known Member
  • Jul 13, 2022
  • #5,547
Liquid Gold said:
Whenever you catch yourself feeling sorry for them remember the glee they took when in command, remember "enjoy Birmingham", remember when we were all distraught they had no sympathy but 'blame your owners", remember the twats that have posted on here, remember when they disrespected our legends wall and memorial garden, remember being told to "keep paying the rent".

Fuck them
Click to expand...
It’s going be to a wild party outside the ground when they eventually go under.
 
Last edited: Jul 13, 2022
Reactions: Sick Boy and Saddlebrains

lifeskyblue

Well-Known Member
  • Jul 13, 2022
  • #5,548
When they go (hopefully v v soon) I will be raising a glass or three. They came as BillyBig Bo**ocks but have been neutered and will leave as a joke. Cheers


Sent from my iPhone using Tapatalk
 
Reactions: Deleted member 5849, vow and CCFC54321
C

CCFC54321

Well-Known Member
  • Jul 13, 2022
  • #5,549
Liquid Gold said:
Whenever you catch yourself feeling sorry for them remember the glee they took when in command, remember "enjoy Birmingham", remember when we were all distraught they had no sympathy but 'blame your owners", remember the twats that have posted on here, remember when they disrespected our legends wall and memorial garden, remember being told to "keep paying the rent".

Fuck them
Click to expand...
And the prick that jumped onto Jimmy hills statue and put a wasps hat and scarf on him.

Smart move designed to get the Coventry public on side… not.

Bet the free loader doesn’t go anymore.
 

Flying Fokker

Well-Known Member
  • Jul 13, 2022
  • #5,550
ccfcchris said:
This is a PR nightmare for Wasps. Why on earth are they remaining silent through it all. They're beginning to make SISU at their worst look not half bad.

The pressure to stem the massive losses next season grows by the minute if they don't pull it off any lenders if any will want top dollar for other loans.

The end game may be slow but it must be getting ever closer.
Click to expand...
No chance . To me, SISU alienated their fans, sorry, the Club’s fans, far more people were affected by their actions.
 

Flying Fokker

Well-Known Member
  • Jul 13, 2022
  • #5,551
Wasps in the mire - now in administration - Page 3 - Leicester Tigers

interesting
RE: WASPS STILL IN THE MIRE
  • Quote
  • Post by sk 88 » Mon Jul 11, 2022 8:59 pm
    Wasps structure is thus:

    Wasps Holding is the top co. It is owned off shore by a Maltese company ultimately controlled by Derek Richardson.

    WH owns three companies: Wasps Finance, Arena Coventry Ltd, IEC Experience mangement.

    ACL is the management company of the area, it posses the 250 year lease on the arena land.
    IEC is the company which runs the hospitality at the arena.
    Wasps Finance has issued the bond.

    The bond is secured on all of Wasps holdings assets, specifically including the lease on the land & the Premiership P share (now called "invested units"). Wasps Holdings has a sub lease of 50 years from ACL.

    They do also own their training ground in Henley in Arden that is not chicken feed, probably a few million I would think.

    All previous instances of a team going into administration in the Premiership has seen them kicked out of the whole league. While that was, is and remains a hugely disproportionate response I would think Richmond & London Scottish would be interested if it wasn't applied this time.

    A possibility is that the rent on Wasps & CCFC leases is enough to find a passive investment fund to buy the arena to play the long game. While it's not a great option (for anyone) it has to be on the cards.
 
Last edited: Jul 13, 2022

MusicDating

Euro 2016 Prediction League Champion!!
  • Jul 13, 2022
  • #5,552
Liquid Gold said:
Whenever you catch yourself feeling sorry for them remember the glee they took when in command, remember "enjoy Birmingham", remember when we were all distraught they had no sympathy but 'blame your owners", remember the twats that have posted on here, remember when they disrespected our legends wall and memorial garden, remember being told to "keep paying the rent".

Fuck them
Click to expand...
Don't worry LG, I'm fairly sure that if they do go tits up, Germany will register about a Richter 5.0 from the magnitude of schadenfreude felt by us...
 
Reactions: Kneeza, duffer, MalcSB and 1 other person
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HuckerbyDublinWhelan

Well-Known Member
  • Jul 13, 2022
  • #5,553
Shugs is sounding worried now…. Clutching some straws here
 
Reactions: mr_monkey

ccfcchris

Well-Known Member
  • Jul 14, 2022
  • #5,554
Flying Fokker said:
No chance . To me, SISU alienated their fans, sorry, the Club’s fans, far more people were affected by their actions.
Click to expand...
In no way am I sticking up for SISU but they didn't take the fan's money and then stay quiet when the time to repay came. Anyway, it's not about SISU here it's about the eventual death of those stripey bstards. Hopefully.
 
Reactions: vow, duffer, Peter Billing and 2 others

Gynnsthetonic

Well-Known Member
  • Jul 14, 2022
  • #5,555
At least Kentwasp1 speaks some sense
 

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B

Brighton Sky Blue

Well-Known Member
  • Jul 14, 2022
  • #5,556
ccfcchris said:
In no way am I sticking up for SISU but they didn't take the fan's money and then stay quiet when the time to repay came. Anyway, it's not about SISU here it's about the eventual death of those stripey bstards. Hopefully.
Click to expand...

They took the fan’s shares. Or at least they told Joe Elliott to tell the fans to give over their shares.

Then they ran the club as they did communicating little.
 

Nick

Administrator
  • Jul 14, 2022
  • #5,557
Gynnsthetonic said:
At least Kentwasp1 speaks some sense
Click to expand...

Issue is, their fans think that concerts make them millions a year!
 
Reactions: Kneeza and CCFC54321

Nick

Administrator
  • Jul 14, 2022
  • #5,558
 
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oldfiver

Well-Known Member
  • Jul 14, 2022
  • #5,559
HuckerbyDublinWhelan said:
Shugs is sounding worried now…. Clutching some straws here View attachment 25302
Click to expand...

If anyone posts on that site:

Mr Shugs should be aware if WASPS Holdings goes pop what happens to their Rugby Club? There will still be CCFC!!

CCFC has a lease and are paying rent - that will still exist with the new Arena owner

Has WASPS Holdings been paying its rent to ACL ?
 
O

oldfiver

Well-Known Member
  • Jul 14, 2022
  • #5,560
Brighton Sky Blue said:
They took the fan’s shares. Or at least they told Joe Elliott to tell the fans to give over their shares.

Then they ran the club as they did communicating little.
Click to expand...

What was the alternative ?
 
Reactions: vow

AOM

Well-Known Member
  • Jul 14, 2022
  • #5,561
Nick said:
Click to expand...

They're going to bail Wasps out aren't they...
 

chiefdave

Well-Known Member
  • Jul 14, 2022
  • #5,562
AOM said:
They're going to bail Wasps out aren't they...
Click to expand...
Of course they will, too many people in positions of power who would have awkward questions asked of them if Wasps went tits up.
 
Reactions: duffer, mr_monkey, Sky Blue Pete and 1 other person
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HuckerbyDublinWhelan

Well-Known Member
  • Jul 14, 2022
  • #5,563
AOM said:
They're going to bail Wasps out aren't they...
Click to expand...
Yeah, but all it does is kick the can down the road. HSBC will loan them money at a stupid interest rate, and given they’re losing 10m a year that will catch up.
 
Reactions: duffer, mr_monkey and AOM

Sky Blue Pete

Well-Known Member
  • Jul 14, 2022
  • #5,564
oldfiver said:
What was the alternative ?
Click to expand...
Not to
 
O

oldfiver

Well-Known Member
  • Jul 14, 2022
  • #5,565
Sky Blue Pete said:
Not to
Click to expand...
Then?
 
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