Always a Wasp

General Category => Wasps Rugby Discussion => Topic started by: Heathen on October 17, 2022, 05:05:22 PM

Title: OK - so that we all understand in short sentences what has happened to day.
Post by: Heathen on October 17, 2022, 05:05:22 PM
Please feel free to Quote or C&P, with amendments, as appropriate. All I want to do is for all of us to be in no doubt as to what has happened. PLEASE leave speculation as to the cause out of it!

1. Wasps Holding Ltd, the owner of everything rugby (except the training facility) is dead in the water. Cannot rise from the status quo as a professional rugby club?

2. ACL are the oprerating company. Today's news does not impact on their ability to run the CBS?

3. IEC Experience manage the food and beverages in the Arena? Diito (2)

4. The £35 million bond was issued in the name of Wasps Finance PLC. (Edited.)

5. The training centre is owned by Christopher Holland.

So what are the debts of the Rugby Club on the playing side?
Title: Re: OK - so that we all understand in short sentences what has happened to day.
Post by: ardenwasp on October 17, 2022, 05:08:46 PM
I think Wasps Finance PLC. issued the bond - not in administration
Title: Re: OK - so that we all understand in short sentences what has happened to day.
Post by: NellyWellyWaspy on October 17, 2022, 05:25:13 PM
And, with 2 and 3, they are both likely in trouble, and likely to follow suit fairly quickly.
Title: Re: OK - so that we all understand in short sentences what has happened to day.
Post by: Westy68 on October 17, 2022, 05:40:53 PM
So if ACL go into administration does that effect the bondholders, how would they get they money, will Wasps be homeless
Title: Re: OK - so that we all understand in short sentences what has happened to day.
Post by: Shugs on October 17, 2022, 05:48:09 PM
In essence Westy. Wasps don’t exist in as much as we don’t have any players or staff. We’re not homeless. We don’t exist.
Title: Re: OK - so that we all understand in short sentences what has happened to day.
Post by: InBetweenWasp on October 17, 2022, 06:04:59 PM
Didn’t want to cloud this thread, but have linked Bobby’s Q&A with Steve Vaughan in the Bobby’s Updates thread.

It sheds a fair bit of light on the whole situation.
Title: Re: OK - so that we all understand in short sentences what has happened to day.
Post by: Rossm on October 17, 2022, 06:06:25 PM
Quote from: InBetweenWasp on October 17, 2022, 06:04:59 PM
Didn’t want to cloud this thread, but have linked Bobby’s Q&A with Steve Vaughan in the Bobby’s Updates thread.

It sheds a fair bit of light on the whole situation.

IBW. I'm sorry but I thought it warranted it's own thread.
Title: Re: OK - so that we all understand in short sentences what has happened to day.
Post by: InBetweenWasp on October 17, 2022, 06:52:12 PM
Quote from: Rossm on October 17, 2022, 06:06:25 PM
IBW. I'm sorry but I thought it warranted it's own thread.

Nothing to be sorry for!