Always a Wasp

Author Topic: Mail - Clubs at war over Cap  (Read 1667 times)

Vespula Vulgaris

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Re: Mail - Clubs at war over Cap
« Reply #15 on: October 16, 2022, 01:20:21 PM »
I suspect the remaining owners (except the beloved few) are going to sell up ASAP. The stuffed blazers have made it clear that there will be no help if you need it, you will be milked for every penny and then dropped as soon as you stop funding them.
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MarleyWasp

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Re: Mail - Clubs at war over Cap
« Reply #16 on: October 16, 2022, 01:58:24 PM »
They can look to sell, but the big question is who wants to invest in a loss making business in a legal where sides that go bust are asset striped before they even go into administration?

Bloke in North Dorset

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Re: Mail - Clubs at war over Cap
« Reply #17 on: October 16, 2022, 04:58:31 PM »
We’ve all learnt that the hard way.

Just so. Operational break even. Not clearing the debts though. That is the issue. Heading towards ... means losing slightly less money each week.

The issue for all clubs is where is the money coming from to meet these huge debts to the Government that all now falling due for repayment, and how to fund the continuing losses? This is where Wasps were/are.
Weren’t we supposed to be close to operational break even before the financial crises started pushing up interest rates and HMRC demanded payment?

How will thos clubs who are close to break even deal with another 2% on interest rates?

Sliminator

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Re: Mail - Clubs at war over Cap
« Reply #18 on: October 17, 2022, 08:28:47 AM »
We’ve all learnt that the hard way.

Just so. Operational break even. Not clearing the debts though. That is the issue. Heading towards ... means losing slightly less money each week.

The issue for all clubs is where is the money coming from to meet these huge debts to the Government that all now falling due for repayment, and how to fund the continuing losses? This is where Wasps were/are.
Weren’t we supposed to be close to operational break even before the financial crises started pushing up interest rates and HMRC demanded payment?

How will thos clubs who are close to break even deal with another 2% on interest rates?

I wonder if teams will request to play games earlier in the day to save on energy bills?

Bloke in North Dorset

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Re: Mail - Clubs at war over Cap
« Reply #19 on: October 17, 2022, 08:32:37 AM »
We’ve all learnt that the hard way.

Just so. Operational break even. Not clearing the debts though. That is the issue. Heading towards ... means losing slightly less money each week.

The issue for all clubs is where is the money coming from to meet these huge debts to the Government that all now falling due for repayment, and how to fund the continuing losses? This is where Wasps were/are.
Weren’t we supposed to be close to operational break even before the financial crises started pushing up interest rates and HMRC demanded payment?

How will thos clubs who are close to break even deal with another 2% on interest rates?

I wonder if teams will request to play games earlier in the day to save on energy bills?
That was suggested by RiL at the start of the energy crises. Nobody seemed interested.