Always a Wasp
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31
Wasps Rugby Discussion / Re: The endless thread
« on: September 05, 2022, 10:32:01 AM »
Philharmonic
32
Wasps Rugby Discussion / Re: The endless thread
« on: September 05, 2022, 09:32:25 AM »
Multi-instrumentalist
33
Wasps Rugby Discussion / Re: How sustainable are we??
« on: September 04, 2022, 10:16:21 PM »
As long as Wasps pay for any damage to the pitch.
34
Wasps Rugby Discussion / Re: Worcester
« on: September 04, 2022, 10:14:57 PM »
I wonder where the balance of £35m is going to come from if not entirely a loan then. Sale of equity perhaps?
35
Wasps Rugby Discussion / Re: Worcester
« on: September 04, 2022, 07:51:34 PM »
Shugs, do you think DR is going to put more money in? He has already loaned £18m.
36
Wasps Rugby Discussion / Re: Worcester
« on: September 04, 2022, 06:06:59 PM »Is this the table you are after?
https://twitter.com/rreesrugby/status/1566352816796581888?s=21&t=OasKNtkCCVWpfUH_oobxEQ
If that figure is true then as the old saying goes, Wasps aren’t in trouble, the banks are.
So which bank is willing to lend to cover the bond repayments. It’s not new debt (if assuming is just the £35m) but presumably wouldn’t be interest only, as the bonds were (until redemption date). At 10% pa interest with repayment over 40 years, it would cost an additional £1.3m pa. That’s a lot of money given the current annual losses.
37
Wasps Rugby Discussion / Re: Big News
« on: September 04, 2022, 11:13:23 AM »
Wasps have biggest debt in RU according to Mail on Sunday, £112m with £9.5m to HMRC. Does make you wonder who would lend, and at what rate, to repay the bondholders.
38
Wasps Rugby Discussion / Re: Worcester
« on: September 04, 2022, 11:10:34 AM »
And the club with the biggest debt is Wasps. £112m total, £9.5m of which is to HMRC.
43
Wasps Rugby Discussion / Re: The endless thread
« on: September 03, 2022, 12:34:28 PM »
Marionette