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Wasps downward spiral... (7 Viewers)

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

Well-Known Member
  • Oct 3, 2022
  • #7,001
rexo87 said:
According to Shugs the CBS move will all work out in the fullness of time!
Click to expand...
Is the fullness of time more or less than the few days he said it would take to get sorted a couple of months ago
 

jordan210

Well-Known Member
  • Oct 3, 2022
  • #7,002
Something is going on with WASPS COMMUNITY FOUNDATION.

Wasn't this company struck of and desolated as now shows as active

03 Oct 2022Total exemption full accountsmade up to 30 June 2021
This document is being processed and will be available in 10 days.
03 Oct 2022Confirmation statementmade on 31 August 2022 with no updates
This document is being processed and will be available in 10 days.
03 Oct 2022Administrative restoration application
This document is being processed and will be available in 10 days.

Odd.
 

MusicDating

Euro 2016 Prediction League Champion!!
  • Oct 4, 2022
  • #7,003
Might be the first place to find any update -

https://caseboard.io/cases/ad3fb0e6-21c4-40d8-8f48-4a6ae528cd1e
 

MalcSB

Well-Known Member
  • Oct 4, 2022
  • #7,004
MusicDating said:
Might be the first place to find any update -

https://caseboard.io/cases/ad3fb0e6-21c4-40d8-8f48-4a6ae528cd1e
Click to expand...
Not updated despite the press release.
 

Gynnsthetonic

Well-Known Member
  • Oct 4, 2022
  • #7,005
@Nick can we just have the one thread please
 
C

CCFC54321

Well-Known Member
  • Oct 4, 2022
  • #7,006
This is wasps last chance and the death rattle is almost here….

I doubt there are any investors out there and if they are they want the stadium.
 
O

oldfiver

Well-Known Member
  • Oct 4, 2022
  • #7,007
MalcSB said:
Not updated despite the press release.
Click to expand...


https://caseboard.io/cases/?prod_caseboard_cases%5Bquery%5D=arena
 

jordan210

Well-Known Member
  • Oct 4, 2022
  • #7,008
MalcSB said:
Not updated despite the press release.
Click to expand...

At the moment they have only filed for an extension. Dont think it means it been granted. Hence why its not updated on baseboards yet.

Arena 2006 is new to requesting a NOI
 
Reactions: hutch1972

MalcSB

Well-Known Member
  • Oct 4, 2022
  • #7,009
oldfiver said:
https://caseboard.io/cases/?prod_caseboard_cases%5Bquery%5D=arena
Click to expand...
Wasps holding and arena coventry limited haven't been updated (or at least no “new case activity”) and yet the new NOI for ACL 2006 is there?
 

MalcSB

Well-Known Member
  • Oct 4, 2022
  • #7,010
jordan210 said:
At the moment they have only filed for an extension. Dont think it means it been granted. Hence why its not updated on baseboards yet.

Arena 2006 is new to requesting a NOI
Click to expand...
Yes, but aren’t they saying they have been granted the extension? Or is it obfuscation on their part?
 

jordan210

Well-Known Member
  • Oct 4, 2022
  • #7,011
MalcSB said:
Yes, but aren’t they saying they have been granted the extension? Or is it obfuscation on their part?
Click to expand...

Im sure they have been granted it. But they love weasel words so you never know. As on BBC sounds like they have asked. not been given
 
Last edited: Oct 4, 2022

skybluetony176

Well-Known Member
  • Oct 4, 2022
  • #7,012
I just can’t see who in their right mind is willing to invest the amount of money that they need. The premiership rugby bubble has burst, I think the RFU overestimated how popular they could make it, club’s gambled too much on it believing that potential. I genuinely think that they thought they could emulate premier league football. Maybe not achieve the numbers but they thought they could grow the brand like the premier league did and they haven’t really achieved anything like that, they’ve stuck lipstick on a pig. The presentation is better but at the end of the day it’s still a pig.
 
Reactions: duffer

Grendel

Well-Known Member
  • Oct 4, 2022
  • #7,013
jordan210 said:
At the moment they have only filed for an extension. Dont think it means it been granted. Hence why its not updated on baseboards yet.

Arena 2006 is new to requesting a NOI
Click to expand...

That’s another 10 days then in 10 days time
 

jordan210

Well-Known Member
  • Oct 4, 2022
  • #7,014
Grendel said:
That’s another 10 days then in 10 days time
Click to expand...

Indeed. Wonder what group company will file a NOI in 10 days. why they try and get extensions on the others
 

Terry Gibson's perm

Well-Known Member
  • Oct 4, 2022
  • #7,015
skybluetony176 said:
I just can’t see who in their right mind is willing to invest the amount of money that they need. The premiership rugby bubble has burst, I think the RFU overestimated how popular they could make it, club’s gambled too much on it believing that potential. I genuinely think that they thought they could emulate premier league football. Maybe not achieve the numbers but they thought they could grow the brand like the premier league did and they haven’t really achieved anything like that, they’ve stuck lipstick on a pig. The presentation is better but at the end of the day it’s still a pig.
Click to expand...


A normal investment you hope to get something back this one is like taking a big pile of cash throwing petrol on it and setting it on fire.
 

Gynnsthetonic

Well-Known Member
  • Oct 4, 2022
  • #7,016
jordan210 said:
Indeed. Wonder what group company will file a NOI in 10 days. why they try and get extensions on the others
Click to expand...
They could come under investigation then if they keep doing it
 

hutch1972

Well-Known Member
  • Oct 4, 2022
  • #7,017
jordan210 said:
At the moment they have only filed for an extension. Dont think it means it been granted. Hence why its not updated on baseboards yet.

Arena 2006 is new to requesting a NOI
Click to expand...
Does a court have to agree to any extension if a deal is close to agreement? They may ask what can you do in ten days that you have failed to do in 6 months.
 

duffer

Well-Known Member
  • Oct 5, 2022
  • #7,018
hutch1972 said:
Does a court have to agree to any extension if a deal is close to agreement? They may ask what can you do in ten days that you have failed to do in 6 months.
Click to expand...

My understanding is that the court doesn't have to agree if it thinks the NOI extension process is being abused.

So, for instance, HMRC could (and I suspect would) step in if they thought Wasps were just kicking the can down the road without any real possibility of resolving the problem. At that point Wasps would have to go into formal administration.

The bondholders could likely also do this if they could persuade the Trustee to act.
 
Reactions: hutch1972

duffer

Well-Known Member
  • Oct 5, 2022
  • #7,019
Or of course, the court, entirely of their own accord, might simply come to the conclusion that Wasps are taking the piss.
 
Reactions: hutch1972 and vow

MalcSB

Well-Known Member
  • Oct 5, 2022
  • #7,020
NOI Extension approved.
 

vow

Well-Known Member
  • Oct 5, 2022
  • #7,021
MalcSB said:
NOI Extension approved.
Click to expand...
Whats an NOI?
 
O

oldfiver

Well-Known Member
  • Oct 5, 2022
  • #7,022
vow said:
Whats an NOI?
Click to expand...

What is a Notice of Intention (NOI) to appoint administrators?

A Notice of Intention to appoint an administrator will halt any legal action from creditors, giving you time to rescue the business from liquidation.
www.begbies-traynorgroup.com
 
Reactions: vow
O

oldfiver

Well-Known Member
  • Oct 6, 2022
  • #7,023
https://m.facebook.com/story.php?story_fbid=pfbid02zZaXxsP53jvCgBDGX1Hv7S3YSEJuVZzbPJiEQZoqgNCnp3b7179xhCuMhPcrzbQxl&id=12083590956&__tn__=%2AW-R#1311525956255332
 

Flying Fokker

Well-Known Member
  • Oct 6, 2022
  • #7,024
oldfiver said:
https://m.facebook.com/story.php?story_fbid=pfbid02zZaXxsP53jvCgBDGX1Hv7S3YSEJuVZzbPJiEQZoqgNCnp3b7179xhCuMhPcrzbQxl&id=12083590956&__tn__=%2AW-R#1311525956255332
Click to expand...
So what’s this about? All I see is enthusiasm.
 

chiefdave

Well-Known Member
  • Oct 6, 2022
  • #7,025
Flying Fokker said:
So what’s this about? All I see is enthusiasm.
Click to expand...
all I see is desperation, they want a big crowd in to showcase to any potential investor and ticket sales aren't exactly spectacular. We all know how they hype themselves up, you can see them telling potential investors what a massive club they are and then they turn up to see a stadium full of empty seats.
 

jordan210

Well-Known Member
  • Oct 6, 2022
  • #7,026
chiefdave said:
all I see is desperation, they want a big crowd in to showcase to any potential investor and ticket sales aren't exactly spectacular. We all know how they hype themselves up, you can see them telling potential investors what a massive club they are and then they turn up to see a stadium full of empty seats.
Click to expand...

Remember this game they are also giving free tickets away to blue light holders. So they are throwing everything at it
 
Reactions: vow

vow

Well-Known Member
  • Oct 6, 2022
  • #7,027
jordan210 said:
Remember this game they are also giving free tickets away to blue light holders. So they are throwing everything at it
Click to expand...
All CBS employees have been sent free tickets also.
 

MacReady

Well-Known Member
  • Oct 7, 2022
  • #7,028
Wasps are cringe.
 
C

CCFC54321

Well-Known Member
  • Oct 7, 2022
  • #7,029
vow said:
All CBS employees have been sent free tickets also.
Click to expand...
Just been sent via a CBS employee a video of the tickets being distributed…

 
Reactions: Ccfcsj and vow

jordan210

Well-Known Member
  • Oct 7, 2022
  • #7,030
Looking on the ticket map you can see the locations they have blocked out for the free tickets.

Also they dont sell the back 13 rows around the whole stadium
 
C

CCFC54321

Well-Known Member
  • Oct 7, 2022
  • #7,031
jordan210 said:
Looking on the ticket map you can see the locations they have blocked out for the free tickets.

Also they dont sell the back 13 rows around the whole stadium
Click to expand...
You mean they cant sell tickets for the 30 odd rows available in the whole stadium
 

stupot07

Well-Known Member
  • Oct 7, 2022
  • #7,032
jordan210 said:
Looking on the ticket map you can see the locations they have blocked out for the free tickets.

Also they dont sell the back 13 rows around the whole stadium
Click to expand...
Out of interest Which blocks have they blocked out for free tickets?

Sent from my SM-G965F using Tapatalk
 

jordan210

Well-Known Member
  • Oct 7, 2022
  • #7,033
stupot07 said:
Out of interest Which blocks have they blocked out for free tickets?

Sent from my SM-G965F using Tapatalk
Click to expand...

Free tickets clearly in front section of blocks.

 
Reactions: stupot07

MalcSB

Well-Known Member
  • Oct 8, 2022
  • #7,034
jordan210 said:
Free tickets clearly in front section of blocks.

View attachment 26448
Click to expand...

Are you sure?
 

jordan210

Well-Known Member
  • Oct 8, 2022
  • #7,035
MalcSB said:
Are you sure?
Click to expand...

99% judging by there are now single tickets randomly in the middle
 
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