Big News

[JF]

When is the penny going to drop?

Professional club rugby in England is unsustainably unprofitable. If you keep making losses then either revenue has to go up or costs have to go down. It may well be hard on the players but if their job doesn't bring in enough income then they are being overpaid. Sugar daddies, if you can find one, are all well and good but they are not the long term answer.

[Shugs]

Agree about the general point re rugby. As for our specific tax “issue” it smacks of media snowballing. One story emerges and further assumptions are made on the back of it. Richardson went out on a limb about a week ago saying we weren’t heading into administration. If he knew HMRC were chewing his ear off he wouldn’t have made that statement.

[SBSam]

Agree about the general point re rugby. As for our specific tax “issue” it smacks of media snowballing. One story emerges and further assumptions are made on the back of it. Richardson went out on a limb about a week ago saying we weren’t heading into administration. If he knew HMRC were chewing his ear off he wouldn’t have made that statement.

For balance, the report says that wasps “ were said to be”. Said by whom?

In terms of what Richardson has told the press, with £35m of bonds to repay with foreclosure on mortgages on pretty much everything, as Mandy Rice-Davies put it - he would say that, wouldn’t he.

[Shugs]

No, I think he’d just say nothing.

[The Falcon]

No, I think he’d just say nothing.

Agreed, keeps his cards close to his chest.

[MarleyWasp]

Agree about the general point re rugby. As for our specific tax “issue” it smacks of media snowballing. One story emerges and further assumptions are made on the back of it. Richardson went out on a limb about a week ago saying we weren’t heading into administration. If he knew HMRC were chewing his ear off he wouldn’t have made that statement.

For balance, the report says that wasps “ were said to be”. Said by whom?

@covtillidie683636635 on Twitter who heard it in the pub from someone who's dog groomers aunt's partner's colleague's mechanic saw someone looking at bit Derek Richardson, but with a Welsh accent in a TK Max probably...

[SBSam]

No, I think he’d just say nothing.

Hypothetically, how do you think this would have been received

Derek Richardson replied “no comment” when asked if he had anything to say to worried holders of the £35 million of Wasps bonds which are in default amidst concerns about a number of other financial issues Wasps are facing.

[BlackAndGoldSunglasses]

Out of the loop for five minutes and something else crops up. This stuff comes at you fast now!

It's just a nothing story, isn't it? HMRC haven't issued any order against Wasps and the rest is all click-bait? Obviously feel for the Worcester fans, but this is just a "ooh, Wasps are mentioned too" piece, isn't it?

Can't wait for the bloody season to start so we can all talk about rugby instead.

[Chunky24]

Wasps (generic) response in updated article

https://www.coventrytelegraph.net/sport/rugby/wasps-reportedly-being-chased-hmrc-24795511

[Westy68]

Does having concerts and other events make enough money to run the stadium. Obviously the last 2 1/2 years has made it difficult for any real income stream, I just don’t know enough about how much money the the stadium can generate.

It sounds positive that they are saying it has a lot of bookings, I just hope we can get more and the money from it helps our situation.

[Shugs]

Out of the loop for five minutes and something else crops up. This stuff comes at you fast now!


It's just a nothing story, isn't it? HMRC haven't issued any order against Wasps and the rest is all click-bait? Obviously feel for the Worcester fans, but this is just a "ooh, Wasps are mentioned too" piece, isn't it?

Can't wait for the bloody season to start so we can all talk about rugby instead.

Agreed. Complete non story. I suspect the list of sports teams on the payment scheme with HMRC would be extensive.

[WonkyWasp]

Telegraph 'Sport:     Headed Worcester Warriors:  Very small piece 'apologising'  -   The headline of our article about Worcester Warriors incorrectly stated they have received a winding-up order.  In fact.  as reported in this article, they have received a winding-up petition and the club have stated that a solution, which would  secure the long-term future of the club, has been approved.   We apologise  for the error in  our headline.  -  The motto of this sorry story is "Never listen  listen to Chinese whispers.  Or newspapers". 

[SBSam]

Telegraph 'Sport:     Headed Worcester Warriors:  Very small piece 'apologising'  -   The headline of our article about Worcester Warriors incorrectly stated they have received a winding-up order.  In fact.  as reported in this article, they have received a winding-up petition and the club have stated that a solution, which would  secure the long-term future of the club, has been approved.   We apologise  for the error in  our headline.  -  The motto of this sorry story is "Never listen  listen to Chinese whispers.  Or newspapers".

To be fair, that’s really bad.

[Rossm]

Telegraph 'Sport:     Headed Worcester Warriors:  Very small piece 'apologising'  -   The headline of our article about Worcester Warriors incorrectly stated they have received a winding-up order.  In fact.  as reported in this article, they have received a winding-up petition and the club have stated that a solution, which would  secure the long-term future of the club, has been approved.   We apologise  for the error in  our headline.  -  The motto of this sorry story is "Never listen  listen to Chinese whispers.  Or newspapers".

Wonky - Can you point me in the direction of this 'apology'. Haven't found it online. Thanks.

[Neils]

Telegraph 'Sport:     Headed Worcester Warriors:  Very small piece 'apologising'  -   The headline of our article about Worcester Warriors incorrectly stated they have received a winding-up order.  In fact.  as reported in this article, they have received a winding-up petition and the club have stated that a solution, which would  secure the long-term future of the club, has been approved.   We apologise  for the error in  our headline.  -  The motto of this sorry story is "Never listen  listen to Chinese whispers.  Or newspapers".

Wonky - Can you point me in the direction of this 'apology'. Haven't found it online. Thanks.

Do just an article digging a bigger hole for us. You would almost think Gilbert was party to it.