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Wasps signs have actually gone!! (3 Viewers)

  • Thread starter shmmeee
  • Start date Nov 22, 2022
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jordan210

Well-Known Member
  • Dec 19, 2022
  • #631
They owed 900k to Chris holland....
 

Terry Gibson's perm

Well-Known Member
  • Dec 19, 2022
  • #632
chiefdave said:
Yet they keep banging on about the rugby family and can’t work out why other supporters dislike them

Already seen their supporters saying Solihull is a dump and beneath them
Click to expand...

At least they won’t have to do any basic maintenance as they didn’t seem to be able to do that at the cbs but could manage to build costly porches.
 

fernandopartridge

Well-Known Member
  • Dec 19, 2022
  • #633
Who did they owe £16.5m to? The address is redacted for some reason
 

Grendel

Well-Known Member
  • Dec 19, 2022
  • #634
fernandopartridge said:
Who did they owe £16.5m to? The address is redacted for some reason
Click to expand...

I assume Richardson - the Canmago Ltd is potentially the P Share value as the bond holders believe he has a charge on tbe asset
 
Reactions: nicksar and wingy

Nick

Administrator
  • Dec 19, 2022
  • #635
fernandopartridge said:
Who did they owe £16.5m to? The address is redacted for some reason
Click to expand...

How are they allowed to redact?
 

fernandopartridge

Well-Known Member
  • Dec 19, 2022
  • #636
It's quite ironic that they owe EY and Interpath significant fees, companies they probably brought in to advise on financial restructuring
 
Reactions: Skyblueweeman, jordan210, wingy and 1 other person

Nick

Administrator
  • Dec 19, 2022
  • #637
Owed a football agency as well...https://icmstellar.com/about-us/
 

fernandopartridge

Well-Known Member
  • Dec 19, 2022
  • #638
Grendel said:
I assume Richardson - the Canmago Ltd is potentially the P Share value as the bond holders believe he has a charge on tbe asset
Click to expand...

Canmango is shown on the list separately
 
Reactions: Nick

Nick

Administrator
  • Dec 19, 2022
  • #639
fernandopartridge said:
Canmango is shown on the list separately
Click to expand...

What was the amount to the council back in the day? Was it £14m? From memory it wasn't that far from £16m?
 
Reactions: rockwoodfleet

Grendel

Well-Known Member
  • Dec 19, 2022
  • #640
fernandopartridge said:
Canmango is shown on the list separately
Click to expand...

Yes I think that’s what the bond holders believe is security on P Share so it gets the money if the RFU buy it back - Richardson owns that as a separate entity
 
Reactions: fernandopartridge

Grendel

Well-Known Member
  • Dec 19, 2022
  • #641
Nick said:
What was the amount to the council back in the day? Was it £14m? From memory it wasn't that far from £16m?
Click to expand...

The £14m is part of the £35 m
 

Nick

Administrator
  • Dec 19, 2022
  • #642
Ah also, would think it begins with a D...
 

fernandopartridge

Well-Known Member
  • Dec 19, 2022
  • #643
Despite the training ground being under different ownership you'd suspect there is a lot of debt relating to its general operation here - how they've got the nerve to carry on is beyond me (though i guess that's company law for you)
 
Reactions: Skyblueweeman

Nick

Administrator
  • Dec 19, 2022
  • #644
Grendel said:
The £14m is part of the £35 m
Click to expand...

The £35m is to bondholders isn't it?
 

Grendel

Well-Known Member
  • Dec 19, 2022
  • #645
Nick said:
The £35m is to bondholders isn't it?
Click to expand...

Yes the £14 m loan was rolled into the £35 m bond. Richardson got £10m back but then had to loan it back again due to continued losses
 

Nick

Administrator
  • Dec 19, 2022
  • #646
Grendel said:
Yes the £14 m loan was rolled into the £35 m bond. Richardson got £10m back but then had to loan it back again due to continued losses
Click to expand...

Yeah, my thinking was if they didn't actually pay that back...

Could be Derek Richardson...?

Otium owed £155 quid.
 

Nick

Administrator
  • Dec 19, 2022
  • #647
£106k to Worldpay too.

Wasps appoint Wigley Group to create new High Performance centre

www.wasps.co.uk

They are owed £286k....

How do they pay for stuff for the training ground for another company? Isn't that illegal for Richardson and Holland (at that time) to have the asset but use Wasps Holdings to pay for it all?
 

Grendel

Well-Known Member
  • Dec 19, 2022
  • #648
fernandopartridge said:
Despite the training ground being under different ownership you'd suspect there is a lot of debt relating to its general operation here - how they've got the nerve to carry on is beyond me (though i guess that's company law for you)
Click to expand...

It is company law but you do have to question how directors could operate in the clear knowledge they were getting services and goods with zero ability to ever pay.
 
Reactions: chiefdave, jordan210, Skyblueweeman and 1 other person

Evo1883

Well-Known Member
  • Dec 19, 2022
  • #649
Derek Richardson even owes my mate for a bag ? Whacked it in the administration the bastard
 

Nick

Administrator
  • Dec 19, 2022
  • #650
Grendel said:
It is company law but you do have to question how directors could operate in the clear knowledge they were getting services and goods with zero ability to ever pay.
Click to expand...

Especially if it was for something in a completely separate company?

How can they rack up debts for stuff with the training ground but then it all just gets wiped while Holland owns both? I'd be bulldozing the c**t down.
 
Reactions: torchomatic and Skyblueweeman

tisza

Well-Known Member
  • Dec 19, 2022
  • #651
Grendel said:
I assume Richardson - the Canmago Ltd is potentially the P Share value as the bond holders believe he has a charge on tbe asset
Click to expand...
Bit pointless. He's not hard to find. Lives near my mum.
 

Earlsdon_Skyblue1

Well-Known Member
  • Dec 19, 2022
  • #652
One of the biggest apologist arguments when Wasps got the stadium was that SISU 'deserved it'. It was said with a pompous tone and used as an excuse for years to justify the tolerance, acceptance, and even cheek to go to Wasps matches without question.

No one can possibly say any longer that SISU conduct business worse than Wasps (quite an impressive achievement). They're an absolute disgrace.
 
Reactions: MAFF, chiefdave, Skyblueweeman and 9 others

Nick

Administrator
  • Dec 19, 2022
  • #653
Earlsdon_Skyblue1 said:
One of the biggest apologist arguments when Wasps got the stadium was that SISU 'deserved it'. It was said with a pompous tone and used as an excuse for years to justify the tolerance, acceptance, and even cheek to go to Wasps matches without question.

No one can possibly say any longer that SISU conduct business worse than Wasps (quite an impressive achievement). They're an absolute disgrace.
Click to expand...
Trust need to applaud
 
B

Brighton Sky Blue

Well-Known Member
  • Dec 19, 2022
  • #654
Nick said:
Trust need to applaud
Click to expand...
 
Reactions: Skybluefaz, vow, torchomatic and 1 other person
H

HuckerbyDublinWhelan

Well-Known Member
  • Dec 19, 2022
  • #655
Brighton Sky Blue said:
View attachment 27826
Click to expand...
Remember when CJ said he weren’t happy about that… didn’t seem to bother him shaking hands though.

scabs the lot of them
 

clint van damme

Well-Known Member
  • Dec 19, 2022
  • #656
Evo1883 said:
Derek Richardson even owes my mate for a bag ? Whacked it in the administration the bastard
Click to expand...

Sniff?
 
Reactions: Evo1883

clint van damme

Well-Known Member
  • Dec 19, 2022
  • #657
tisza said:
Bit pointless. He's not hard to find. Lives near my mum.
Click to expand...

Tell her to lock up her valuables.....
 
Reactions: tisza

Nick

Administrator
  • Dec 19, 2022
  • #658
HuckerbyDublinWhelan said:
Remember when CJ said he weren’t happy about that… didn’t seem to bother him shaking hands though.

scabs the lot of them
Click to expand...
They couldn't wait to brown nose them.
 
B

Brighton Sky Blue

Well-Known Member
  • Dec 19, 2022
  • #659
HuckerbyDublinWhelan said:
Remember when CJ said he weren’t happy about that… didn’t seem to bother him shaking hands though.

scabs the lot of them
Click to expand...
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Dec 19, 2022
  • #660
Remember when we made a Sky Blue Talk statement - and the trust refuted it and actively worked against us…

said we were lying, wrong and not helping - have the trust died off yet?
 

David O'Day

Well-Known Member
  • Dec 19, 2022
  • #661
HuckerbyDublinWhelan said:
Remember when we made a Sky Blue Talk statement - and the trust refuted it and actively worked against us…

said we were lying, wrong and not helping - have the trust died off yet?
Click to expand...
No, cunts are still alive
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Dec 19, 2022
  • #662
David O'Day said:
No, cunts are still alive
Click to expand...
Tried to dismiss us and shut us down from the start.
 

David O'Day

Well-Known Member
  • Dec 19, 2022
  • #663
HuckerbyDublinWhelan said:
Tried to dismiss us and shut us down from the start.
Click to expand...
it's was an ego stroking exercise for them
 

Liquid Gold

Well-Known Member
  • Dec 19, 2022
  • #664
HuckerbyDublinWhelan said:
Remember when we made a Sky Blue Talk statement - and the trust refuted it and actively worked against us…

said we were lying, wrong and not helping - have the trust died off yet?
Click to expand...
They are dead silent then every 6 months ago some no mark announces they are on the board, get challenged by a load of people, appear to have fuck all knowledge of the past then disappear.
 
Reactions: Frostie

Sick Boy

Super Moderator
  • Dec 19, 2022
  • #665
hill83 said:
I’d be absolutely seething if I was a Cov Rugby supporter. I’m actually tempted to go to a few games.

Neck a few pints. 5 minute walk from my house as well.
Click to expand...
You’re brave necking a few rugger pints.
 
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