Johnnythespider
Well-Known Member
Yeah them too
Yeah them tooHow I feel about SISU
That’s not gonna happen, it’s an old boys network. Wasps are one of the bigger boys. They’re going nowhereWhat we need is the Premiership’s action to confirm relegation for wasps - that will be the second knife stroke !
jd is a utd fanAny Cov fan who feels even the slightest bit of sympathy for Wasps is an odd one in my eyes. I'd happily see the cunts wiped from existence completely.
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We also had a wage bill that must have been 90% less than wasps currently have.Don't think we had any in the 5ks. 6ks yes for a couple or so. Over 9k average.
Have they turfed him out of rehab?Shugs is back
Oh and while I'm on, it's not fucking black and gold. No one ever described a wasp as black and gold. They're yellow. You cunts.They’re going nowhere
Tbf he’s an annoying bell end anyway.
This riled me; 'Due to the impending threat of action from HMRC...'
You haven't fucking paid them!! What did you think would happen?!
At least SISU have never been that daft to owe anything to HMRC.
You really must be down to your last quid if you're choosing not to pay them...
I'd put my mortgage on Derek Richardson continuing to own the stadium beyond the administrationLego being a kill joy now
I doubt there are a huge amount of people wanting to buy a stadium.
This riled me; 'Due to the impending threat of action from HMRC...'
You haven't fucking paid them!! What did you think would happen?!
At least SISU have never been that daft to owe anything to HMRC.
You really must be down to your last quid if you're choosing not to pay them...
Would administrators not be able to claim Henley in Arden training centre too, surely transfer of ownership this recent was illegal practice. That's like tomorrow Wasp selling the stadium to CCC for £1 then nobody can make a claim on it.
So does this trigger the trustee to act on the bondholders behalf or do they have to wait further for an actual administrator to be be in place?
I'd put my mortgage on Derek Richardson continuing to own the stadium beyond the administration
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I thought they did at least for one year when ACL generated something like £21M but blew a lot of it on the Rugby element.
Just a thought but if ccfc paid for the pitch under administration would be an unsecured creditor I assumemaybe not going to get it back?
Only if the lease agreement allows you to do that.But if we're paying rent, we'd just deduct it from our rent payments, surely? Thought that was the intention from the offset, so not sure why that would change. If we were to be paying said rent to a 'new' company, then we'd renegotiate the rent down accordingly. They can't have it both ways!
Maybe we are starting to see the real battle that played out. CCFC worried about investing money in a pitch they were unlikely to see back but eventually had to give in and do it anyway as Wasps didn't care about the rent as they were already fucked.Only if the lease agreement allows you to do that.
Wasn't there another screenshot yesterday where ACL are applying too?I would have thought the cleanest way out is to sell ACL & IEC rather than the group actually going in to administration
ACL owns the lease, is the part that generates income and under a specialist stadium owner could perhaps turn profits. Would leave ccfc and wasps with leases to be there so there is worth there for a new owner. Any sum wasps holdings receives could be applied to the bond and other charges.
Wasps holdings needs to raise much more than 35m. Could the stadium be sold for a suitable sum ?
Just a thought but if ccfc paid for the pitch under administration would be an unsecured creditor I assumemaybe not going to get it back?
Only if the lease agreement allows you to do that.
I would have thought the cleanest way out is to sell ACL & IEC rather than the group actually going in to administration
ACL owns the lease, is the part that generates income and under a specialist stadium owner could perhaps turn profits. Would leave ccfc and wasps with leases to be there so there is worth there for a new owner. Any sum wasps holdings receives could be applied to the bond and other charges.
Wasps holdings needs to raise much more than 35m. Could the stadium be sold for a suitable sum ?
Just a thought but if ccfc paid for the pitch under administration would be an unsecured creditor I assumemaybe not going to get it back?
Strange that Richardson was reappointed a director of acl in August 2022
Only if the lease agreement allows you to do that.
There is no obligation for a new owner of ACL to do that on an existing lease
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