Philosoraptor
Well-Known Member
I'm guessing there is a HMRC internal guidance notes on taking this on.
It won't be the first time.
It won't be the first time.
Conveniently trying to stifle actions of the bondholders.
If I was a member of staff I wouldn't find that particularly reassuring given that we've seen months of statements about this all being sorted imminently.We understand this lasted around 20 minutes and people were told the club was in advanced talks and things will move fast with the next step - with the overall tone being a 'hopeful' one. But there is a waiting game to be played.
There was a feeling relayed that HMRC's issuing of a winding-up order came as a surprise.
It is possible to get an extension to the 10 days if evidence shows funds are immediately forthcoming after the
Have HMRC actually petitioned? If not why would WASPs publicise it? This is an active decision not wholly linked to HMRC
You would think if they had solid evidence that they will be able to pay HMRC in 10 days then they wouldn't put in a winding up order.
Is that the PTI thing? If so that's just extending an existing deal, don't think it will bring much, if any, extra revenue. They were pushing for a new TV deal that included a dedicated rugby channel but couldn't get any interest and I think as a last resort they had to go back to BT and extend their existing deal on the same terms as they were in danger of ending up with no deal at all.I did spot something about Rugby had extended a TV boardcast deal today. basicly like ifollow. Wonder if the plan was to use any money to pay the minimum to keep HMRC of their backs
Kind of like Sky Sports Football but it would have been BT Rugby?Is that the PTI thing? If so that's just extending an existing deal, don't think it will bring much, if any, extra revenue. They were pushing for a new TV deal that included a dedicated rugby channel but couldn't get any interest and I think as a last resort they had to go back to BT and extend their existing deal on the same terms as they were in danger of ending up with no deal at all.
You would think if they had solid evidence that they will be able to pay HMRC in 10 days then they wouldn't put in a winding up order.
It says £6m in today's TimesDepends on the amount owed - I’ve heard from admittedly a not always reliable source it’s rather a lot
It says £6m in today's Times
I think it’s rather more than that
£12m?I think it’s rather more than that
£12m?
Quoted at £6M in the first story wasn't it?
You would think if they had solid evidence that they will be able to pay HMRC in 10 days then they wouldn't put in a winding up order.
Do HMRC allow you to negotiate some pennies for a pound or will any new owner have to pay it in full?
Sounds like to buy Wasps clearing debt to HMRC, bondholders and Richardson (£18m) would cost £65m plus.
wouldn’t that be similar to buying CCFC and just the arena (ACL).I think so
Sounds like to buy Wasps clearing debt to HMRC, bondholders and Richardson (£18m) would cost £65m plus.
I quote tweeted it the other day, important to keep reminding these bellends
They might be able to get one more moratorium down at the end of the initial ten days which would extend for another 10 days. Depends on what’s happening and if a solution is possible
If it goes into administration it’s the administrators job to try to get the most for the assets, creditors will then get what they get. This is unless the administrator wants to exit administration via CVA (which means entity/company survives) in which case the creditors would either be repaid in full (unlikely) or receive a pence in the pound proposal they then accept or reject. Not sure why they’d bother with a CVA unless there was something in the rugby rules which means it’s required. Don’t know if this is the case or not
Can @Mild-Mannered Janitor set up a go fund me page as a sticky ?
Think it is just one game at CBS Australia is one team I believeRugby League world cup in October. Some Matches are at the CBS. Here we go again.
Who is responsible for the pitch as things stand ?
One advantage of a CVA is it does not require a report on the Directors and their performance as does a liquidation
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