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Wasps downward spiral... (13 Viewers)

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

Well-Known Member
  • Aug 30, 2022
  • #6,476
Comment by Lee Blackett, Coventry Telegraph article: "everyone has got a lot of trust in people here that they're going to do the right thing for this club." Player recruitment hints at improved finances, let's hope so. One day left, NOT a lot of trust on this board.

ADVFN Post
 

chiefdave

Well-Known Member
  • Aug 30, 2022
  • #6,477
MusicDating said:
He (Richardson) said: "I’m not a property developer, I’ve never developed anything in my life.
Tbf, that's still true; he failed to develop the land around the Higgs, and car park C...
Click to expand...
I remember a report saying that one of the Wasps directors had turned up at a property development conference and described Wasps as a property development company which just happened to have a rugby club attached.

Of course all Wasps supporters decided to ignore this as they prefer to believe that Richardson has some deep love for the club because they had a pint with him once. I can't imagine a similar response if Fisher said something like that.

Didn't they also buy some land next to Higgs to build houses on and then quietly get rid of it with nothing having happened?
 
Reactions: duffer

jordan210

Well-Known Member
  • Aug 30, 2022
  • #6,478
For a hummel shirt this is awful.

Also its basicly a walking billboard

 

Liquid Gold

Well-Known Member
  • Aug 30, 2022
  • #6,479
AOM said:
I think Simon Gilbert has done pretty well with his investigating and reporting of all the recent CBS/Wasps issues.

Seems to be asking the right questions, and then highlights when those questions are being met with silence
Click to expand...
Shows what a prick he is though given it shows hes had the capability to ask these questions for the last 7 years but is only bothered now wasps are unpopular.

When it was prudent for him to attack the club to sell a book he was right in it.
 
Reactions: Esoterica, Sick Boy, vow and 3 others
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oldfiver

Well-Known Member
  • Aug 30, 2022
  • #6,480
chiefdave said:
I remember a report saying that one of the Wasps directors had turned up at a property development conference and described Wasps as a property development company which just happened to have a rugby club attached.

Of course all Wasps supporters decided to ignore this as they prefer to believe that Richardson has some deep love for the club because they had a pint with him once. I can't imagine a similar response if Fisher said something like that.

Didn't they also buy some land next to Higgs to build houses on and then quietly get rid of it with nothing having happened?
Click to expand...


Wasps to attend MIPIM 2019

www.wasps.co.uk
 
Reactions: MusicDating, duffer and chiefdave

chiefdave

Well-Known Member
  • Aug 30, 2022
  • #6,481
oldfiver said:

Wasps to attend MIPIM 2019

www.wasps.co.uk
Click to expand...
"They will be helping to promote the area to possible inward investors, using their successful move to Coventry as an example of the help available to businesses looking to locate in the region"
 

tisza

Well-Known Member
  • Aug 30, 2022
  • #6,482
jordan210 said:
Click to expand...
All outrageous. One of the main things senior people involved did to get fellow council members on board (and back selling to Wasps) was the push "economic development of the area around the Arena" angle.
Nothing done since then apart from block a new hotel & Macdonalds next to the Arena
 
Reactions: Sick Boy, djr8369, MalcSB and 2 others
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oldfiver

Well-Known Member
  • Aug 30, 2022
  • #6,483
Liquid Gold said:
Shows what a prick he is though given it shows hes had the capability to ask these questions for the last 7 years but is only bothered now wasps are unpopular.

When it was prudent for him to attack the club to sell a book he was right in it.
Click to expand...

ADVFN Reply:


​
fastcat99
30 Aug '22 - 18:45 - 966 of 966
0 0 0
I haven't looked at "recent comments" (? ie on Coventry Live/Telegraph websites ?)

Here is my take on Gilbert and Wasps:
The last chapter (albeit entitled "Sting in the tail"!) in his book "Coventry City, a club without a home" is pretty fair and astute; the angry "comments" immediately above seem to refer to other issues.

Published in 2016, it was very critical of some Wasps/D.Richardson behaviours which still seem endemic (a preference for backdoor deals, pass-the-parcel financing, complicated interlocking business structures) but he was certainly not naively approving of the other actors
Gilbert also pointed how futile it would be it the compromise between Public Authorities + Charity, CCFC and the new-comer Wasps were to bust open again - as soon happened thereafter.
CCFC seem to have been treated pretty shabbily in 2016 (pitch dimensions, damage, and use of home changing room) even before Wasps arrived on the scene; but again, these issues seem to remain endemic.

Gilbert (knows his readership) probably has bigger problems with the club's own owners, SISU, than with anyone else...​
 
C

CrawleySkyBlue

Well-Known Member
  • Aug 31, 2022
  • #6,484
oldfiver said:

Wasps to attend MIPIM 2019

www.wasps.co.uk
Click to expand...

“The worlds of rugby and property go together extremely well”

Do they?
 

Gynnsthetonic

Well-Known Member
  • Aug 31, 2022
  • #6,485
Derek Arthur Richardson appointed Director of ACL Limited and ACL 2006 on 25th August 2022. What's that all about, both with overdue accounts
 

jordan210

Well-Known Member
  • Aug 31, 2022
  • #6,486
Odd that Mr Richardson is Director of multiple companies with similar names and in similar sectors

ARENA QUARTER COVENTRY LTD - Other letting and operating of own or leased real estate
AQ 1 LIMITED - Development of building projects
AQ 2 LIMITED - Construction of commercial buildings
 

jordan210

Well-Known Member
  • Aug 31, 2022
  • #6,487
Gynnsthetonic said:
Derek Arthur Richardson appointed Director of ACL Limited and ACL 2006 on 25th August 2022. What's that all about, both with overdue accounts
Click to expand...

Bit odd as he resigned as a director of ACL in 2015
 

MalcSB

Well-Known Member
  • Aug 31, 2022
  • #6,488
jordan210 said:
Odd that Mr Richardson is Director of multiple companies with similar names and in similar sectors

ARENA QUARTER COVENTRY LTD - Other letting and operating of own or leased real estate
AQ 1 LIMITED - Development of building projects
AQ 2 LIMITED - Construction of commercial buildings
Click to expand...
Don’t forget Commonwealth Convention Centre Ltd
 

jordan210

Well-Known Member
  • Aug 31, 2022
  • #6,489
MalcSB said:
Don’t forget Commonwealth Convention Centre Ltd
Click to expand...

Dint spot that one. As doesn't have his middle name in the registration
 

Gynnsthetonic

Well-Known Member
  • Aug 31, 2022
  • #6,490
jordan210 said:
Odd that Mr Richardson is Director of multiple companies with similar names and in similar sectors

ARENA QUARTER COVENTRY LTD - Other letting and operating of own or leased real estate
AQ 1 LIMITED - Development of building projects
AQ 2 LIMITED - Construction of commercial buildings
Click to expand...
Havnt noticed them, interesting!
 

jordan210

Well-Known Member
  • Aug 31, 2022
  • #6,491
IEC EXPERIENCE LIMITED accounts are also over due and had Eastwood as a director

CONFERENCE ASTUTE LIMITED overview - Find and update company information - GOV.UK

CONFERENCE ASTUTE LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
find-and-update.company-information.service.gov.uk
 
Reactions: duffer

duffer

Well-Known Member
  • Aug 31, 2022
  • #6,492
Shadiness abounds!

According to the bondholder forum the bonds can't be relisted (i.e. traded on the stock exchange) until the accounts are audited and released. Relisting is a key component of the Consent Solicitation (the bit where Wasps ask the bondholders to accept reduced or extended terms for repayment).

And now Richardson is suddenly involved in ACL again.

Could this mean a personal bailout of ACL is coming so that the accounts can be released, perhaps, or something more dubious?

I'd have thought he could loan money to them without becoming a director again if that is what it's all about... Either way, it still looks sticky for Wasps.
 
R

rexo87

Well-Known Member
  • Aug 31, 2022
  • #6,493
rugby reporter on twitter saying Wasps staff havent yet been paid
 

jordan210

Well-Known Member
  • Aug 31, 2022
  • #6,494
rexo87 said:
rugby reporter on twitter saying Wasps staff havent yet been paid
Click to expand...

 
Reactions: Sick Boy

tisza

Well-Known Member
  • Aug 31, 2022
  • #6,495
Gynnsthetonic said:
Derek Arthur Richardson appointed Director of ACL Limited and ACL 2006 on 25th August 2022. What's that all about, both with overdue accounts
Click to expand...
shenanigans a foot
 
Reactions: duffer

Kneeza

Well-Known Member
  • Aug 31, 2022
  • #6,496
rexo87 said:
rugby reporter on twitter saying Wasps staff havent yet been paid
Click to expand...
Fissler? Usually about as reliable as a two-bob Benley's watch.
 

Mcbean

Well-Known Member
  • Aug 31, 2022
  • #6,497
Just seen a proposal ( Cov Telegraph) for them to join up with Worcester warriors - that would be great and they can fuck off to Worcester ! Sadly it won’t make the first hurdle and of course anything from the CT is to be taken with pinch of salt
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Aug 31, 2022
  • #6,498
Mcbean said:
Just seen a proposal ( Cov Telegraph) for them to join up with Worcester warriors - that would be great and they can fuck off to Worcester ! Sadly it won’t make the first hurdle and of course anything from the CT is to be taken with pinch of salt
Click to expand...
I thought wasps rejected that?
 

MalcSB

Well-Known Member
  • Aug 31, 2022
  • #6,499
HuckerbyDublinWhelan said:
I thought wasps rejected that?
Click to expand...
its been reported that they did reject that.
 

Mcbean

Well-Known Member
  • Aug 31, 2022
  • #6,500
HuckerbyDublinWhelan said:
I thought wasps rejected that?
Click to expand...
They did but you never know if there’s a hybrid agreement that might work - sadly the way the press are going someone will pull wasps from the shit but Worcester look doomed but hey white knights only arrive at the last minute literally - from experience you understand !
 
O

oldfiver

Well-Known Member
  • Aug 31, 2022
  • #6,501
MalcSB said:
Don’t forget Commonwealth Convention Centre Ltd
Click to expand...

While we are playing hunt the wasp:

AQ 1 LIMITED filing history - Find and update company information - GOV.UK

AQ 1 LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
find-and-update.company-information.service.gov.uk
 

MalcSB

Well-Known Member
  • Aug 31, 2022
  • #6,502
tisza said:
All outrageous. One of the main things senior people involved did to get fellow council members on board (and back selling to Wasps) was the push "economic development of the area around the Arena" angle.
Nothing done since then apart from block a new hotel & Macdonalds next to the Arena
Click to expand...
The crazy thing is that Sisu might actually have been able to attract some funding to develop some real estate in the arena area.
 
Reactions: duffer

duffer

Well-Known Member
  • Aug 31, 2022
  • #6,503
As a slight aside, Worcester are right in it.

Won't fulfil a pre-season friendly this week because playing staff haven't been paid.

Premiership rugby can't survive like this, let alone clubs that are already massively in debt like Wasps.
 
Reactions: Moff, Terry Gibson's perm and Gynnsthetonic

fernandopartridge

Well-Known Member
  • Aug 31, 2022
  • #6,504
duffer said:
As a slight aside, Worcester are right in it.

Won't fulfil a pre-season friendly this week because playing staff haven't been paid.

Premiership rugby can't survive like this, let alone clubs that are already massively in debt like Wasps.
Click to expand...

It doesn't really deserve to survive
 
Reactions: Sick Boy, Terry Gibson's perm, ccfcchris and 1 other person

chiefdave

Well-Known Member
  • Aug 31, 2022
  • #6,505
fernandopartridge said:
It doesn't really deserve to survive
Click to expand...
What I can't get my head round is professional rugby and the Premiership are both relatively new. They had every chance of setting things up in a way that would have been sustainable long term but instead have for some reason decided rugby is going to suddenly be as popular as football if they throw enough money at it.
 
Reactions: Terry Gibson's perm

MalcSB

Well-Known Member
  • Aug 31, 2022
  • #6,506
Another deadline missed by Wasps, no consent solicitation published.
 
Reactions: duffer

tisza

Well-Known Member
  • Aug 31, 2022
  • #6,507
chiefdave said:
What I can't get my head round is professional rugby and the Premiership are both relatively new. They had every chance of setting things up in a way that would have been sustainable long term but instead have for some reason decided rugby is going to suddenly be as popular as football if they throw enough money at it.
Click to expand...
I'll keep banging this drum. Rugby Union isn't as big as it thinks it is.
Basically entire North of the country covered by 2 professional Union clubs who can't manage attendances of more 13k between them.
How can so many large cities have no professional team? Birmingham, Liverpool
Rugby special was hidden away on BBC2 - there was no mass audience that was prepared to migrate to pay TV like there was with football.
Let's be honest it's only the top end of football making money - rugby can't, cricket struggles,most football clubs can't. Isaw some report that rugby was going to have some new magic professional short form of the game to raise its appeal (Hundred anyone?)
 
Reactions: Sick Boy, Moff, ccfcchris and 1 other person

shepardo01

Well-Known Member
  • Sep 1, 2022
  • #6,508
Mr Gilbert is now actively getting involved on the advfn bond holders forum asking for information and thoughts from them.
 
Reactions: RegTheDonk and CCFC54321

Gynnsthetonic

Well-Known Member
  • Sep 1, 2022
  • #6,509
shepardo01 said:
Mr Gilbert is now actively getting involved on the advfn bond holders forum asking for information and thoughts from them.
Click to expand...
What actually is happening with the no news day yesterday, just nothing and wing it
 

chiefdave

Well-Known Member
  • Sep 1, 2022
  • #6,510
Hasn't another deadline just past with nothing happening. How many deadlines can they miss before there's some action taken?
 
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