Always a Wasp
Show Posts
This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.
62
Wasps Rugby Discussion / Re: Mail - Clubs at war over Cap
« on: October 16, 2022, 11:51:36 AM »
Assume you mean Gloucester in that opening paragraph?
63
Wasps Rugby Discussion / Re: Interesting Comments - should the RFU refuse the two clubs
« on: October 15, 2022, 10:17:50 PM »
Can’t argue with his sentiments . How can PRl or rfu impose a larger league?
64
Wasps Rugby Discussion / Re: What can we do help the cause?
« on: October 15, 2022, 09:42:31 PM »Is there any way of getting a message to Rugby Tonight without having to resort to twatter etc. They must be tackling this subject again and need to know some of the feelings. Also the impact it might have on BT.Perhaps we need to volunteer as going along as one of their demos as they have no crowds? Still at Lea valley/ Stratford?
65
Wasps Rugby Discussion / Re: Lawrence Comments
« on: October 15, 2022, 09:13:47 PM »
Aren't we potentially going to lose ours (and worcester theirs) because of going into administration, rather than because we're being relegated?
Potentially, we may be hit with (just ) a 35 point deduction or relegation if someone comes in now before we go into administration. The offer (as far as we know) is there ,dependant on P shares being in the deal , rather than them having to buy them for £9m in future.
I’m sure if we were SISU we would have lawyers absolutely poring over the fine details as to whether the agreement drawn up was valid or not.
Just annoys me that some clubs can sink tens of millions into it and then write it off ,as well as breaking rules and ‘rugby values’ whilst others try and do it a different way and suffer big time. I include Worcester , Sale, and even Exeter & Irish in that last bit. Maybe we have to look back to John Hall and His ambition for Newcastle that sparked the over the top salaries at the beginning.
Sorry for my ramblings , but to see a club who sparked my interest after watching for the pools results at my granddads ( where was this place called Wasps or Met Police for that matter) being tossed aside ,with no simingly effort or compassion is hard to take.
Oh well ,back to the smoky black famous grouse. Yes I know Neil’s , what you are going to say about that, but after covid , it’s something I can actually taste.
66
Wasps Rugby Discussion / Re: Lawrence Comments
« on: October 15, 2022, 08:19:29 PM »
And why was it OK for the EAs to blatantly cheat and then be given special dispensation, even be praised for helping rugby? If they can get special treatment why can't a club that has won more, and done more over the years also be given special treatment?
I'll bite. What special treatment were they provided that we aren't? We're potentially getting our players loaned out immediately, just like Saracens.
Also Saracens didn't struggle to pay their players, quite the opposite. Where as we will struggle to pay ours soon.
I hate Sarries, but it's delusional to act like they were treated better (in a completely different situation to ours) than us. What do we want the Prem to do? Pay off our debts?
I think it’s more to do with Saracens being able to keep their shares after being found guilty of ( imo) a bigger fault than maybe us and Worcester. At least we were trying to keep within rules as laid down by PRL .Both cases have brought PRL into disrepute. I know rules have been drawn up , probably differentiating the type of punishment, but to say the shares have no capital value is absolutely shite. If they are to be taken back by PRL both clubs should receive payment . It’s a wonder Worcester owners didn’t approach CVC to buy their percentage.
See we need clarity on if we will keep our shares or not, or what the hell prem decide to do with shares as part of their restructuring of the league.
My perception is there are 13 teams with PRL shares. There was always 1 relegated who kept their shares, Saracens got relegated and kept their shares. I don't have any problems with this.
Buts that’s the rub. If Saracens had stayed down and say Ealing had come up ,Ealing could have asked for their shares, paying market value, as Chiefs did for the tykes P shares ( admittedly after having a struggle) Bristol were extremely lucky they weren’t forced to sell their shares , as Exeter didn’t have funds at that time ,and Tykes were in deep do do the following year. Bristol were again fortunate that again when Welsh came up they couldn’t afford it either.
If Worcs and Wasps are allowed into championship next season ( I still wonder why it’s a given they should have to accept both of us) it should be that both, (or even a third )retain p shares. If either emerge as champions then that club keep their shares as promoted back and the other(s) sell if there is a buyer.
67
Wasps Rugby Discussion / Re: Lawrence Comments
« on: October 15, 2022, 07:39:57 PM »
And why was it OK for the EAs to blatantly cheat and then be given special dispensation, even be praised for helping rugby? If they can get special treatment why can't a club that has won more, and done more over the years also be given special treatment?
I'll bite. What special treatment were they provided that we aren't? We're potentially getting our players loaned out immediately, just like Saracens.
Also Saracens didn't struggle to pay their players, quite the opposite. Where as we will struggle to pay ours soon.
I hate Sarries, but it's delusional to act like they were treated better (in a completely different situation to ours) than us. What do we want the Prem to do? Pay off our debts?
I think it’s more to do with Saracens being able to keep their shares after being found guilty of ( imo) a bigger fault than maybe us and Worcester. At least we were trying to keep within rules as laid down by PRL .Both cases have brought PRL into disrepute. I know rules have been drawn up , probably differentiating the type of punishment, but to say the shares have no capital value is absolutely shite. If they are to be taken back by PRL both clubs should receive payment . It’s a wonder Worcester owners didn’t approach CVC to buy their percentage.
Sobering thought,looked at super rugby league in England, their salary cap is £2.1 million. I know they have smaller squads, but no wonder more seem to come to us than the other way.
68
Wasps Rugby Discussion / Re: Lawrence Comments
« on: October 15, 2022, 06:17:45 PM »True but I do wish he had shut up. He probably caused more vitriol in our direction than anyone else
Agree . Hope his mother told him he’s not the messiah
69
Wasps Rugby Discussion / Re: Lawrence Comments
« on: October 15, 2022, 05:51:51 PM »
Must have been a difficult few weeks for him. Knowing some but probably not whole story, being badgered by his fellow presenters for info, trying to keep diplomatic but having his embedded passion for Wasps and the likely demise of it creeping through.
71
Wasps Rugby Discussion / Re: Mail - Massie-Taylor Comments (Nowt new)
« on: October 15, 2022, 10:28:34 AM »
'But if we think about it, those teams are very likely to go into the Championship. If they go into the Championship, but then don't get promoted back to the Premiership, they have to sell that P share. So they could sell that P Share at a sizeable profit. So we could sleep walk into another situation where an owner has acquired something for an amount and sold it for quite a bit more.
That’s an incorrect statement. Bristol were out of Premiership for a number of years and weren’t made to sell their shares back
72
Wasps Rugby Discussion / Re: Valuing P Shares
« on: October 14, 2022, 08:25:24 PM »
Am I right in remembering that when chiefs got their shares they had to pay a ‘market value’ for them and I’m pretty sure a club had had a charge over their P shares put in place at some point.
Now I know share prices may go down as well as up, but if they are saying they are worth zilch , I trust that that is reflected in all club accounts and not treated as an asset at the end of the year.
Now I know share prices may go down as well as up, but if they are saying they are worth zilch , I trust that that is reflected in all club accounts and not treated as an asset at the end of the year.
74
Wasps Rugby Discussion / Re: PRL not ruling out more suspensions over Finances - Guardian
« on: October 14, 2022, 05:53:31 PM »
Just out of curiosity,does the championship actually want a couple of more teams?
Could they refuse to accept us/Worcester and possibly another on account it would mess up their finances?
Could they refuse to accept us/Worcester and possibly another on account it would mess up their finances?
75
Wasps Rugby Discussion / Re: Telegraph - 10 Team Offering
« on: October 14, 2022, 05:45:11 PM »It doesn’t. Furthermore the hypocrisy of the notion of the benefits is appalling. Baxter (cosy being touted as the most sustainable team but conveniently with their owner as sponsor!) is one of the most vocal for the 10 team league. Will benefit overplayed players. So when Chiefs have an unexpected free weekend what do they do - set up a friendly.
Have they actually done that?! I haven't read that!
They've arranged some kind of friendly with a Bristol XV. Bris already have a fixture with Glaws this weekend so I don't who'll be playing,
It appears this game was always going to happen, was going to be after our fixture as part of a double header