ACL didn't file intention of administration until about a week or so later, so assume they won't enter admin today.
Was going to get a flag of this a few years ago...Perhaps an Elephants foot stamping on the fucker.
Oh I will if they lend them money.I know… quote the email to him
Being pedantic- should have said "yes" to the question?I did last week View attachment 26643
Is their fixture v Sale tomorrow still on at the CBS?
Don't the terms of the lease mean that the council can take the lease back and, at least temporarily, take over running ACL.I mean this could backfire a little here. We need ACL running at least up until the World Cup
I don’t see why they just don’t let ACL go bust then the stadium is not encumbered.Don't the terms of the lease mean that the council can take the lease back and, at least temporarily, take over running ACL.
Loaning money and the company still being in the control of Wasps should be off the table.
I don’t see why they just don’t let ACL go bust then the stadium is not encumbered.
becomes far more saleable
I mean this could backfire a little here. We need ACL running at least up until the World Cup
Wonder if they owe the council anything already?I don’t see why they just don’t let ACL go bust then the stadium is not encumbered.
becomes far more saleable
I imagine this would be a difficult one to prove. Many many companies are loss making for a number of years when they are created. If you have lines of credit and a business plan you could so seen as a going concern. They will point to the fact HSBC nearly leant them money etc.Surely there should be legal/criminal proceedings against Wasps board members if they've continued taking money to spend on a failing business? Is it not classed as fraud?
I imagine this would be a difficult one to prove. Many many companies are loss making for a number of years when they are created. If you have lines of credit and a business plan you could so seen as a going concern. They will point to the fact HSBC nearly leant them money etc.
Why can't people just be honest and decent when their businesses are failing or am I being a c*ck?The transfer of ownership of the training ground is dodgy as… looks like asset stripping ahead of liquidation which as far as I understand is highly illegal.
As soon as they are in admin can we take those stupid badges off and fill in that lettering in Tesco stand?️
I was sad enough to count the blocks so we could fit “Coventry City” in there. I know… too much spare time!
The transfer of ownership of the training ground is dodgy as… looks like asset stripping ahead of liquidation which as far as I understand is highly illegal.
Unless of course full market value was paid in exchange.
Almost like those in charge foresaw this eventuality like the rest of us...As has been repeatedly said - the training ground was never owned by Wasps Holdings.
Just more games to play after the big January Mike Ashley rebuild
Hmmm unless it was purchased with a loan from the director that they have defaulted on so therefore the asset transfers? Not sure how else they could do it.The transfer of ownership of the training ground is dodgy as… looks like asset stripping ahead of liquidation which as far as I understand is highly illegal.
Unless of course full market value was paid in exchange.
Depends it they are failing, it can sometimes be cash flow issues etc. In this case I do think it's a failing business but the directors will be bought in to the project and may have truly believed they could turn it around with time.Why can't people just be honest and decent when their businesses are failing or am I being a c*ck?
I imagine this would be a difficult one to prove. Many many companies are loss making for a number of years when they are created. If you have lines of credit and a business plan you could so seen as a going concern. They will point to the fact HSBC nearly leant them money etc.
The transfer of ownership of the training ground is dodgy as… looks like asset stripping ahead of liquidation which as far as I understand is highly illegal.
Unless of course full market value was paid in exchange.
I read something about a mansion next door but not sure who owns that either.It never owned the training ground - they will have been a supply and rental arrangement
Yes, you could say that ‘local’ news plays lip service to the actual needs of society while the big hitters in London shore things up for the establishment.In fairness there are two BBCs really, the national news which is full of pro Tory editors and broadcasters and the local which still fulfils the public service remit.
Sent from my SM-G935F using Tapatalk
They have been taking bookings and incurring man costs - Richardson publicly declared they were not entering administration a few weeks ago - all the indicators point one way and the funding - even it was ever really there - would not have covered all the increasing number of creditors
I'll ref on Wednesday.......put a bet on a 9-0 home win with 8 penaltiesBagsy not being linesman
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?