hill83
Well-Known Member
Flashbacks to when I first saw the photos of those twats stood on our pitch next to rugby posts. So glad they are gone. Absolute wankers.
Articles like this are so surreal to read now.
Hundreds of Wasps season ticket holders given tour of Ricoh Arena
Rugby club laid on buses for 750 supporters from High Wycombe and London to check out facilities at their new Coventry homewww.coventrytelegraph.net
You go to Trent then Shmmee!!
One of my mates has abandoned us, used everything as an excuse to follow a Prem team like an utter wanker I think. We used to have season tickets together, drive to away games together. Call him out as a prick every time I see him now.I remember I honestly couldn’t believe what I was seeing. And one of my mates a ccfc season ticket holder was buzzing about it and taking the piss going “Allez allez” or whatever it is. Then got a season ticket for wasps and has barely been to a Cov game since. How I’ve managed to avoid taking the piss now I don’t know.
And me
Articles like this are so surreal to read now.
Hundreds of Wasps season ticket holders given tour of Ricoh Arena
Rugby club laid on buses for 750 supporters from High Wycombe and London to check out facilities at their new Coventry homewww.coventrytelegraph.net
Joking aside every time i have seen a wasps 'supporter' they are...Got to be elasticated cuffs!!
All the best people
Funny this
Seems from the admin report it was never paid for
I would have thought that's where trading insolently comes in. If you can't get work done by one company as you've run up a bill so you go to an alternative supplier and run up a bill with them wouldn't that be classed as trading insolently? I have no idea where the line for that is drawnI guess I’m naïve about company finance, but I always assumed that there would be a framework or system in place to prevent debts getting out of hand to this degree. I mean there’s about 250 companies on that list – are there no alarm bells which ring when a business ordering goods or services has no means of paying?
Should be dragged over the coals for that one.They’ll be sweating over this one
Funny this
Seems from the admin report it was never paid for
More stuff from the training ground not paid for?Funny this
Seems from the admin report it was never paid for
It looks very dodgy.There seems to be some real blurring of the lines between that training ground and the club itself. It looks like anything that cost went against the club but the training ground was owned by somebody else. Am I reading this wrong?
I assume you mean trading insolvently (although insolently is just as suitable)? Just googled this, and there are potentially serious consequences for directors of companies if they continue to trade knowing that they are going to become insolvent, thus causing additional losses to the company and its creditors.I would have thought that's where trading insolently comes in. If you can't get work done by one company as you've run up a bill so you go to an alternative supplier and run up a bill with them wouldn't that be classed as trading insolently? I have no idea where the line for that is drawn
Did see an interview with someone connected with Wasps, can't remember who, who said they were engaging services knowing perfectly well they didn't have the money to pay the bill
I assume you mean trading insolvently (although insolently is just as suitable)? Just googled this, and there are potentially serious consequences for directors of companies if they continue to trade knowing that they are going to become insolvent, thus causing additional losses to the company and its creditors.
You can start with an ambition to be the biggest rugby club in the world or whatever, persuade people it’s realistic, do deals with public bodies and other businesses, sell bonds to finance it etc., but surely when it becomes clear it’s failing there’s a moral (and/or legal) duty to minimise the losses? And the Directors must have known they’d reached that point a long time ago. So what action will they face?
Funny this
Seems from the admin report it was never paid for
I assume you mean trading insolvently (although insolently is just as suitable)? Just googled this, and there are potentially serious consequences for directors of companies if they continue to trade knowing that they are going to become insolvent, thus causing additional losses to the company and its creditors.
You can start with an ambition to be the biggest rugby club in the world or whatever, persuade people it’s realistic, do deals with public bodies and other businesses, sell bonds to finance it etc., but surely when it becomes clear it’s failing there’s a moral (and/or legal) duty to minimise the losses? And the Directors must have known they’d reached that point a long time ago. So what action will they face?
Re training ground. Im guessing they lumped lots of the costs ageists the club for equipment and so on. The Holland purchased the other half to keep wasps/Richardsons with some money then rented it back at a stupid cost.
As Epic is owed nearly a million quid.
I don't get how they could put build costs to Wasps though when it has been completely separate? It's as if they thought "fuck it just charge it all to Wasps as they are going bust" and they went into admin an fucked it all off and come out debt free.
I would guess it was equipment that was put in as wasps. Rather than the building. What everything did. dodgy as fuck the way the training ground one day changed hands.
Nick mentioned this before that a few players names come up on the creditors list.
It does appear some dodgyness was done with players pay to avoid cost cap.
Vaea Fifita set up a company on the 28th of June 2021 VAEA FIFITA RUGBY ACADEMY LIMITED
the address is linked to an small accountancy
30th of June 2021 he signs for wasps.
He is owed 35k.
I cant find anything about his rugby academy.
Isn't this what saracens did to avoid the cost cap.
Im not saying Vaea Fifita has done anything wrong. But just an interesting worm hole.
If memory serves that’s G’s alma mater tooAll the best people
I assume you mean trading insolvently (although insolently is just as suitable)? Just googled this, and there are potentially serious consequences for directors of companies if they continue to trade knowing that they are going to become insolvent, thus causing additional losses to the company and its creditors.
You can start with an ambition to be the biggest rugby club in the world or whatever, persuade people it’s realistic, do deals with public bodies and other businesses, sell bonds to finance it etc., but surely when it becomes clear it’s failing there’s a moral (and/or legal) duty to minimise the losses? And the Directors must have known they’d reached that point a long time ago. So what action will they face?
Nick mentioned this before that a few players names come up on the creditors list.
It does appear some dodgyness was done with players pay to avoid cost cap.
Vaea Fifita set up a company on the 28th of June 2021 VAEA FIFITA RUGBY ACADEMY LIMITED
the address is linked to an small accountancy
30th of June 2021 he signs for wasps.
He is owed 35k.
I cant find anything about his rugby academy.
Isn't this what saracens did to avoid the cost cap.
Im not saying Vaea Fifita has done anything wrong. But just an interesting worm hole.
Well one of the directors is the new owner from Administration.
I don't see how a director can pile loads of debt from an asset in a completely separate company he owns (Training ground works) into Wasps, let them go into admin, buy them from admin debt free and have none of the debts on the training ground?
Might be one for @oldskyblue58
I'd have 50p that the police have either been tipped off about this by someone and are watching from a distance how this plays out to ensure nothing underhand is going on.It isn't dramatic to say that there needs to be fraud investigation.
He's probably in Solihull trying to get hold of a season ticket.
I'd have 50p that the police have either been tipped off about this by someone and are watching from a distance how this plays out to ensure nothing underhand is going on.
Keep your 50p. The police service is a joke nowadays unless you are a motorist and company issues are very rarely on their remitI'd have 50p that the police have either been tipped off about this by someone and are watching from a distance how this plays out to ensure nothing underhand is going on.
Keep your 50p. The police service is a joke nowadays unless you are a motorist and company issues are very rarely on their remit
HMRC might have a nibble but even that is unlikely.
Maybe the administrator will report the directors but it depends on if They (administrators) have been “tamed” or not. Dirty dirty business world are administrators and liquidators.
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