Wasps downward spiral... (2 Viewers)

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Grendel

Grendel

Well-Known Member
fernandopartridge said:
She's 85 now!

It is interesting, barely anybody on there actually from Coventry
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She seems now to be very offended as I’ve focused on a disabled basketball team item in the media being thrown out of the Henley Centre

Highlighting disabled is disrespecting cheap journalism akin to playing a race card when it suits
 
H

HuckerbyDublinWhelan

Well-Known Member
Love how we’re somehow the bad guys for being unhappy that the one thing we’re paying for (the pitch) is not being provided….

Again I don’t think the issue is pitch wear and tear - it’s the fact that no work or maintenance on pitch care has been carried out full stop prior to the CWG.
5798FD0D-D776-439D-8E15-2A4E905875B4.png
 
SHUNT31

SHUNT31

Well-Known Member
HuckerbyDublinWhelan said:
Love how we’re somehow the bad guys for being unhappy that the one thing we’re paying for (the pitch) is not being provided….

Again I don’t think the issue is pitch wear and tear - it’s the fact that no work or maintenance on pitch care has been carried out full stop prior to the CWG.
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The mad thing is that he has posted on there about being a CCFC and Wasps supporter. Some people have such hatred towards SISU (understandable) that no matter what SISU do, they will always be in the wrong.


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H

HuckerbyDublinWhelan

Well-Known Member
SHUNT31 said:
The mad thing is that he has posted on there about being a CCFC and Wasps supporter. Some people have such hatred towards SISU (understandable) that no matter what SISU do, they will always be in the wrong.


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Which I get, but you can only throw so much at SISU. They’re only directly in control of what the club do… we’re constantly told in certainty that we are tenants… when we act like tenants it’s our fault
 
W

wingy

Well-Known Member
Bondchat been very quiet this week.
Wonder what percentage have been active with the trustee this week and how active they've become?
 
W

wingy

Well-Known Member
Just had a read.
Mr Parsons is in for a haircut,his brokers have only just informed him of the state of play back in June.
They in on the conspiracy too?
 
skybluetony176

skybluetony176

Well-Known Member
Apparently Christopher Holland has a professional track record in risk management and disaster recovery. Not sure being involved in wasps is doing much for his professional reputation.
 
Nick

Nick

Administrator
skybluetony176 said:
He’s been there for 5 years. He hasn’t averted this disaster. Assuming it’s not part of what was a bigger plan all along.
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Risk Management...

Naive to think Richardson is all in and is going to lose everything because of this. As said, it will be another Golden Share scenario no doubt.

Risk....Managed.
 
Grendel

Grendel

Well-Known Member
Nick said:
Risk Management...

Naive to think Richardson is all in and is going to lose everything because of this. As said, it will be another Golden Share scenario no doubt.

Risk....Managed.
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wasps holdings never owned shares in training ground - moonstone owned the shares and Richardson sold the shares the same day the bond defaulted to Holland whose his mate
 
Nick

Nick

Administrator
Grendel said:
wasps holdings never owned shares in training ground - moonstone owned the shares and Richardson sold the shares the same day the bond defaulted to Holland whose his mate
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Yeah that's what I mean, Risks for Richardson. Not Wasps.
 
shepardo01

shepardo01

Well-Known Member
If the training ground is not now part of "Wasps group", but now "Epic"... does this mean, that in the event of an administration, that it would not be touched!??.....
eg whatever form that Wasps may take after any possible admin, that this would not have been sold to pay creditors, and "new" Wasps could effectively do what they want with it... Eg, still use, sell land for housing on etc...?????
 
W

wingy

Well-Known Member
shepardo01 said:
If the training ground is not now part of "Wasps group", but now "Epic"... does this mean, that in the event of an administration, that it would not be touched!??.....
eg whatever form that Wasps may take after any possible admin, that this would not have been sold to pay creditors, and "new" Wasps could effectively do what they want with it... Eg, still use, sell land for housing on etc...?????
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Not really as has never been part of Wasps directly as I understand it.
 
shepardo01

shepardo01

Well-Known Member
Also, I have a feeling that if admin is on the horizon, they may start the season before they try to squirm out of debts/bond (hence kicking down the road) as if they do, apparently the "rugby" punishment of demotion cannot be applied once the season starts (think Kneeza posted that).....
 
W

wingy

Well-Known Member
Don't know whether accurate but someone on one of the chat sites reckons HMRC are chasing them

With the upcoming season about upon them and finally ours, I wonder how local suppliers dealing with them are securing/recieving receipts.
 
Nick

Nick

Administrator
shepardo01 said:
If the training ground is not now part of "Wasps group", but now "Epic"... does this mean, that in the event of an administration, that it would not be touched!??.....
eg whatever form that Wasps may take after any possible admin, that this would not have been sold to pay creditors, and "new" Wasps could effectively do what they want with it... Eg, still use, sell land for housing on etc...?????
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Yeah it's never been anything to do with it.

So in theory Wasps could go up the wall tomorrow and that's nothing to do with it. (Unless they have a lease for it....)
 
Grendel

Grendel

Well-Known Member
Nick said:
Yeah it's never been anything to do with it.

So in theory Wasps could go up the wall tomorrow and that's nothing to do with it. (Unless they have a lease for it....)
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There could have been a potential claim against Richardson as it’s his company (moonstone) which I believe is above wasos holdings in the convoluted company chain

the sale was on be same day as the bond default
 
Nick

Nick

Administrator
Grendel said:
There could have been a potential claim against Richardson as it’s his company (moonstone) which I believe is above wasos holdings in the convoluted company chain

the sale was on be same day as the bond default
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Yeah exactly.

As it's a private company, what's to stop him handing it to his mate until everything blows over and then him just giving it Richardson back in a couple of years? (In time for the housing)
 
SBAndy

SBAndy

Well-Known Member
IMissMAF said:
www.telegraph.co.uk

Wasps Rugby club being chased by HMRC over unpaid tax bill

Premiership club pursued after not paying bill and comes after it missed £35m bond scheme repayment date
www.telegraph.co.uk www.telegraph.co.uk
hahahahahahahaha
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WMCA told Telegraph Sport Wasps’s request for public money was still under consideration, while Coventry City Council, which owns to freehold to the arena, said: “The city council, including through the chief executive and senior officers, has regular communication and dialogue with many businesses and this has been particularly important throughout the pandemic as the economic context has been incredibly challenging.

“Wasps have been one of these businesses.”
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Gynnsthetonic

Gynnsthetonic

Well-Known Member
Nick said:
Yeah exactly.

As it's a private company, what's to stop him handing it to his mate until everything blows over and then him just giving it Richardson back in a couple of years? (In time for the housing)
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Could HMRC still not go after him as this is technically fraud and they may see it as that
 
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