I don't begrudge Falcon his perceived negative comments. Many of their points are entirely valid, and some might say (s)he's just offering a much needed reality check.
The tipping point for our current predicament was not the bonds as such, but debts to HMRC. If cash flow was such that we've ended up where we are now, then why was the stadium redeveloped over the summer? That just looks like money flushed down the toilet. And why were we signing someone like Koch who would not have come cheap when we evidently couldn't afford it? A few gripes on here about squad downgrades, and a few more disappointing seasons around 8th-10th in the league against pages and pages on multiple threads about the imminent demise of the club altogether. We were living beyond our means.
And Falcon is right, in that Wasps, along with the rest of the Prem, were quite happy with their lot when they were on the inside. A bit of self-interest was OK then was it? What's changed, other than the fact that our club is now at risk of being one of the have-nots as opposed to one of the haves? Fans think differently, but they're not the ones making the self-interested decisions. I have friends and family who are fans of Quins, Saints, Tigers, Bristol; and all, without exception, have been very sympathetic to our plight and lament a future in elite club rugby without Wasps; just as we were all sympathetic as things unraveled at Worcester. It's those in charge at those clubs that are now looking to pull up the ladder. Genuine fans of all clubs would not seek exclude Wasps, Worcester or anyone else from being able to make a swift return.
We're all full of many negative emotions at the moment, and there is a lot of anger. Some will direct that anger at 3rd parties, but inevitably much of that anger will end up directed at the club management rather than seeking scapegoats who were not directly responsible for the day to day running of Wasps. Don't shoot Falcon down just because they happen to be new to this board and hit us with a few hard truths.