They even admitted that when they described the Wasps Group as a property development company that happens to have a rugby club attached to it. Of course certain sections of the local media and their fans decided to ignore that.Richardson has always been primarily interested in land development
Was listening to a round table with some economists discussing the current situation and the financial issues we'll face. They were talking about the companies likely to go under early on and it was pretty much a perfect description of Wasps.The Ricoh is attached to £35m debts that are impossible to pay back and extremely difficult to refinance. I'm 95% sure that they won't have the stadium come May 2022
Not surprising when you look at one of the criteria the BBC has listed.Ricoh out of the running as a neutral ground if rugby restarts according to BBC
BBC said:A pitch that can withstand a series of matches in one weekend.
According to one user on ADVFN says payment has not been received.
May 2022 may seem a long way off now but with the current crisis and Brexit still to come I'm far from convinced refinancing is going to be the walk in the park a lot of people say it will be.
The bond dividend has been paid
Rugby's top players are lauded at international level - even I enjoy the World Cup, Six nations stuff, but club level rugby doesn't interest people to the same level. Players' salaries are disproportionate to club level interest - hence why I suspect Wasps have slowly ditched the Galactico players. Unfortunately for them (hopefully great for us) the coronavirus timing has left them even more vulnerable than they already were). They will be begging us to come back *but blues will want the income too). Whilst fans can't attend, I'd be tempted to turn the screw on Wasps (likely to be a buyers market)
Yea, like I said, it has already been paidIt will be paid, as a secured debt they'll pay that over anything else I reckon.
But there's also a point where time starts to work against City if the owners don't have a separate plan for at least land purchase for new stadium. League isn't going to let us keep groundsharing outside the City on the theory Wasps may cave/go bust etc.They will be begging us to come back *but blues will want the income too). Whilst fans can't attend, I'd be tempted to turn the screw on Wasps (likely to be a buyers market)
At 47.75 as well, someones lost some money. Don't think even the biggest pessimist on here thought the price would ever go that low.
Especially this close to redemption dateAt 47.75 as well, someones lost some money. Don't think even the biggest pessimist on here thought the price would ever go that low.
This is interesting!Stuart Cain has walked, was Chief Exec of the non rugby part of the business.
Warwickshire set to appoint Stuart Cain as new CEO | ESPNcricinfo.com
Sensible to get off the boat before it meets the iceberg.
Stuart Cain has walked, was Chief Exec of the non rugby part of the business.
Can see why they gave him the job as he's done such a good job of getting a new naming rights deal for the Ricoh!Cain's to-do list is likely to include the acquisition of a naming-rights partner for Edgbaston
This is interesting!
You don’t start applying for new jobs less than 9 months into it without bloody good reason!Stuart Cain has walked, was Chief Exec of the non rugby part of the business.
Warwickshire set to appoint Stuart Cain as new CEO | ESPNcricinfo.com
Sensible to get off the boat before it meets the iceberg.
Not sure.Wasn't he the guy CJ, Moz Kalns and co were applauding in their "blame all sides" protest?
Interesting from FB forum related to EU commission and a grant for 20 mil requested in 2014 by our beloved Council...
What year did Wasps appear!?
Apparently link to grant details now conveniently dead:
View attachment 15112
You can get to the document that shows the request. shame the links don't work. I assume after x amount of time they are taken off.
So CCC could have used an EU grant for state aid. Im sure the EU favourably on that.
Doubt there is much to this, just seems like EU regional investment, nothing to suggest it is the money used to bail out ACL.Here is the link to that document. Page 44 I believe
https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:C:2014:190:FULL&from=EN
Doubt there is much to this, just seems like EU regional investment, nothing to suggest it is the money used to bail out ACL.
Must be a list of who has had grants / loans from that fund somewhere. Would expect it to be on the CCC site but it comes up as page not found.
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