shepardo01
Well-Known Member
They'll make a bit of cash when the "greased wheels" planning for the training ground flies through Stratford Council and then they sell off half of the land for housing....
They'll make a bit of cash when the "greased wheels" planning for the training ground flies through Stratford Council and then they sell off half of the land for housing....Interesting the Applications name is John Parker. Who is the finance director.
Who is recently been made director of Fairview Homes Property Ltd
They'll make a bit of cash when the "greased wheels" planning for the training ground flies through Stratford Council and then they sell off half of the land for housing....
Planning had gone through at Higgs hadn't it.... as obviously through Cov Council!... Wasps themselves U-turned didn't they? (I was slightly less aware of half of the goings on at that stage!)Same thing they tried at the Higgs.
They must be the most at risk. No other rugby club is holding so much debt so if it isn’t them then I’d argue they will be second to go bust. Not a chance can they or do they have a business plan to pay back this money. At utter basket case of finances. A simple case of borrowing beyond their means. It’ll finish them in the end.They'd be the most likely candidate wouldn't they?
Planning had gone through at Higgs hadn't it.... as obviously through Cov Council!... Wasps themselves U-turned didn't they? (I was slightly less aware of half of the goings on at that stage!)
In your opinion Nick, what do you think the chances are of;
i) planning going through (Russ has built up quite a bit of opposition - although we know that Wasps have got their fingers in both the College and Council pies)
ii) them actually moving in.
iii) them then selling off parts of land.
(iv) (or them not moving in and selling it off anyway - possibly same with car park site??)
Anybody else's thoughts/insight would be interesting here too!
Not quite aware of the housing/Higgs thing.I meant the housing next to it
Strange how they bought the land next to the Higgs and now they are putting in planning for Henley and their man was in a housing company.
If this was CCFC the Telegraph would be all over it whipping up the stories.
Not quite aware of the housing/Higgs thing.
BUT- The Henley/Housing guy who made the application (unsurprisingly when Wasps involved...).....does stink a bit....
Could it be possible they don't move in and sell? Or partially use site and sell...
Seem obvious that housing will be involved at some stage!!
Wasps owner Derek Richardson and group chief executive David Armstrong are directors of a firm that has bought land next to the Alan Higgs
We are never that lucky.Wasps must be on the brink.
We can only hope they go tits up.
not really much to do with CCC anymore. Lease is paid up.Who reckons CCC will bail them out somehow, extending their deadline or allowing a re-financing and say the Covid crisis has buggered up their business plans and its the right thing to do. If so, I'd be screaming more ammo regarding state aid, dare say the same good will hasn't been extended to other sporting institutes that should be in the city boundaries.
Other than owning the freehold is it anything to do with the council? Not sure how they could step in without offering the same help to other businesses.Who reckons CCC will bail them out somehow, extending their deadline or allowing a re-financing and say the Covid crisis has buggered up their business plans and its the right thing to do. If so, I'd be screaming more ammo regarding state aid, dare say the same good will hasn't been extended to other sporting institutes that should be in the city boundaries.
Because that always happensOther than owning the freehold is it anything to do with the council? Not sure how they could step in without offering the same help to other businesses.
Wasps going bust has got to be a very real possibility now...they were already starting to wobble. This virus is a real tragedy for so many families and I include mine having lost a great man to it. But this could represent a real glimmer of hope and even an opportunity for Wasps to start being a normal rugby club to its poor original fans. They tried going big and it’s failed... go back to your roots Wasps and try and salvage some respect. For Sisu it could represent a.fresh start and a chance to earn themselves some real local support
I heard through the grapevine from a very reliable source who works at the arena that last May when a deal was all set to be signed SISU had agreed to pay Wasps legal fees from all the previous court cases and were all set to sign, Wasps went to CCC with the news but as CCFC were not willing to pay CCC legal fees CCC told Wasps to not agree to the deal. He also said every desicon from Wasps has to go through CCC, so I'm sure they have a lot more input into the stadium than just the freehold.Other than owning the freehold is it anything to do with the council? Not sure how they could step in without offering the same help to other businesses.
I heard through the grapevine from a very reliable source who works at the arena that last May when a deal was all set to be signed SISU had agreed to pay Wasps legal fees from all the previous court cases and were all set to sign, Wasps went to CCC with the news but as CCFC were not willing to pay CCC legal fees CCC told Wasps to not agree to the deal. He also said every desicon from Wasps has to go through CCC, so I'm sure they have a lot more input into the stadium than just the freehold.
They offered to pay Wasps fees but would not pay the councils.
Telegraph reported they had paid the fees ordered by the court. Believe they were paid in instalments. if they hadn't the council could take legal action, its not optional its a court order.Have they paid CCCs legal fees though?
This seems to be gaining traction so not easily dismissed as something the Mail have made up. One report I read quoted an unnamed Premiership club chief exec as saying only Bristol, Exeter and Bath have owners able to cope with the current situation comfortably.
Does seem a bit like the collapse of ITV Digital... Remembering: When ITV Digital Collapsed (article is from 2016 with grave concerns about the current TV deal...)This seems to be gaining traction so not easily dismissed as something the Mail have made up. One report I read quoted an unnamed Premiership club chief exec as saying only Bristol, Exeter and Bath have owners able to cope with the current situation comfortably.
There's even talk about the whole league reverting to amateur. Can't see them needing a 30K stadium if that happens. Surely all the best players would leave and the level would be nearer to what you'd get at CRFC.It's gone from looking possible that this could kill them to likely. I don't see a way out for them.
Think CVC are trying to buy into other leagues as well. Could they be the ones behind the breakaway, cherry pick the best teams for a league they have complete control of?If they try to break away I can't see CVC happily waving away £300m or whatever it was.
Will Covtel be putting this on their site?
Premiership clubs facing bankruptcy and some considering breakaway league
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