Grendel
Well-Known Member
independent
Does the trustee have links to Wasps or are they 100% independent?
They accuse Nick of banning people from here, or throttling their access as they like to keep referring to it, when as far as I can remember only Italia and his never ending advertising got banned while they throw a fit if anyone points out the obvious on their forums.Got banned from one of the wasps forums
They accuse Nick of banning people from here, or throttling their access as they like to keep referring to it, when as far as I can remember only Italia and his never ending advertising got banned while they throw a fit if anyone points out the obvious on their forums.
Loved when the chap on DW said Worcester supporters had their head in the sand and were willfully ignoring the signs
Strangely the other day when bad stuff was coming out about Wasps, somebody was kicking off they were banned. They weren't banned.
Think it's a way to try and discredit what's said on here.
Does the trustee have links to Wasps or are they 100% independent?
Dubai dodger says you blocked him posting
DrunkenWasps.com - A warning to SBT / non rugby posters
DrunkenWasps.com discussion board : Unofficial Wasps news and viewsm.rugbynetwork.net
Wonky has nailed you though GShugs should be a detective - interesting he clearly spends a lot of time on here as well
'I thought that if someone was really that narcissistic, sad, and desperate for publicity and with that much spare time on their hands then they must be off their trolley.'
Wonky has nailed you though G
It is truly unbelievable how delusional they are. Of course we've had many posts on here that don't stand up to much scrutiny but they have this collective denial that anything could possibly be wrong. Its staggering.
A business losing millions every year, even pre-covid, hated locally, unable to pay their bills, attendances in freefall, unable to carry out stadium maintenance and many many more examples and they keep insisting everything is fine.
I saw what he wrote about the events industry, if I was being charitable I'd say its been many many years since he worked in the industry because what he wrote might have been true then but certainly isn't now.Vulgaris like Shugs hangs on to the COVID issue and says he worked in the events industry and it makes "loads of money" - its ostrich style behaviour
I have a feeling that not many are from the actual area, they only seem to see the press releases from Wasps and each other saying how everything is great.
The one person who has told me the "events" side makes loads of money based this on an event being rammed and the bar being busy so they then assumed they were printing money from it.
They think that HMRC is made up because there's been no public statement from HMRC saying how much Wasps owe. I get the impression their active fanbase online are a lot older / set in their ways.
Vulgaris is from Hampshire and admits he doesn't go the ground much as its a bit far
They've got this thing about SISU taking legal action against anyone but much as I hate to defend SISU who else have they taken legal action against other than those involved in the stadium shitshow? There was no issue when playing at Northampton or Birmingham.Not a single game played and legal threats, we would have played games if they had looked after the pitch.
This £1.1m cash outflow will impact Wasps working capital massively. Who even knows if they have the capability of paying £1.1m in cash - would an owner have to stump up the cash, an overdraft facility etc etc?
I would hazard a guess that the £1.1m outflow was not included in any initial budgets as these will have likely assumed a bond repayment and subsequent refinancing. This will all have had to change in subsequent re-forecasting, which will form part of current refinancing negotiations/due diligence as well as any going concern assessments.
All of this will be squeezing Wasp’s finances further.
Also an increase in risk from previous poor business performance and the increase in interest rates will lead to any subsequent refinancing being at a higher interest rate too.
Yeah thought that was a bizarre take as well.Not a single game played and legal threats, we would have played games if they had looked after the pitch.
The Trust Deed was prepared for WASPs Finance PLC and the Trustee was similarly appointed and says he operates per the Deed
He says he cannot advise the Bondholders
So go from there
This wasps guys not sharpest . As someone says hope he doesn’t work in finance!
Yeah as long as they get interest paid, it's worth sucking it up and being held over a barrell as still, effectively, you're getting a better return than you'd ever get elsewhere.This £1.1m cash outflow will impact Wasps working capital massively. Who even knows if they have the capability of paying £1.1m in cash - would an owner have to stump up the cash, an overdraft facility etc etc?
I would hazard a guess that the £1.1m outflow was not included in any initial budgets as these will have likely assumed a bond repayment and subsequent refinancing. This will all have had to change in subsequent re-forecasting, which will form part of current refinancing negotiations/due diligence as well as any going concern assessments.
All of this will be squeezing Wasp’s finances further.
Also an increase in risk from previous poor business performance and the increase in interest rates will lead to any subsequent refinancing being at a higher interest rate too.
I thought we had a lot of people on here who struggled with some basic facts but Wasps fans are a special breed. The old a couple more concerts and we'll be fine
This wasps guys not sharpest . As someone says hope he doesn’t work in finance!
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