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Lex
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 Posted: Mon Oct 23, 2023 5:02 pm
They're heading back down south: [url]https://www.bbc.co.uk/sport/rugby-union/67193921[/url]
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Lex
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Posted: Sun Feb 19, 2023 5:33 pm
Looks like Wasps are off to Worcester: [url]https://www.bbc.co.uk/sport/rugby-union/64691241[/url]
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Lex
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Posted: Sun Oct 30, 2022 5:05 pm
I've heard something about that - Coventry City FC could be up the creek (again!).
I've heard something about that - Coventry City FC could be up the creek (again!).
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rebbonk
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Posted: Sun Oct 30, 2022 4:58 pm
But that doesn't include the ground. ACL (the effective owners of the ground) have until tomorrow to sort things out.
But that doesn't include the ground. ACL (the effective owners of the ground) have until tomorrow to sort things out.
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Lex
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Posted: Sun Oct 30, 2022 4:54 pm
A buyer's been found: https://www.bbc.co.uk/sport/rugby-union/63447055The buyers will have a good few months to get everything in order before the team's readmitted into the lower league next season. A buyer's been found: [url]https://www.bbc.co.uk/sport/rugby-union/63447055[/url]
The buyers will have a good few months to get everything in order before the team's readmitted into the lower league next season.
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Lex
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Posted: Sat Oct 29, 2022 4:33 pm
Wasps have been suspended from the league & relegated: https://www.bbc.co.uk/sport/rugby-union/63429086Wasps have been suspended from the league & relegated: [url]https://www.bbc.co.uk/sport/rugby-union/63429086[/url]
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Lex
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Posted: Tue Oct 18, 2022 5:15 pm
Yes, from what I understand, liquidation is a last option; the Administrator(s) will work hard to turn things around/find someone to buy the company.
Yes, from what I understand, liquidation is a last option; the Administrator(s) will work hard to turn things around/find someone to buy the company.
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rebbonk
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Posted: Mon Oct 17, 2022 9:37 pm
If I might point out...
What happens if a business goes into administration?
When a company enters administration the control of the company is passed to the appointed administrator (who must be a licensed insolvency practitioner). The administrator's primary goal is to leverage the company's assets to repay creditors as quickly and as fully as possible without preference.
I'm not aware of the structure of the company, or companies (holding co' etc.) but the administrator will try his damnest to pay all creditors off and offer the business a way forward. Administration must not be confused with liquidation, though that may happen. It does feel to me that as far as many people are concerned the outcome is already cast in stone. Maybe they know something I don't?
If I might point out...
[i]What happens if a business goes into administration?
When a company enters administration the control of the company is passed to the appointed administrator (who must be a licensed insolvency practitioner). The administrator's primary goal is to leverage the company's assets to repay creditors as quickly and as fully as possible without preference.[/i]
I'm not aware of the structure of the company, or companies (holding co' etc.) but the administrator will try his damnest to pay all creditors off and offer the business a way forward. Administration must not be confused with liquidation, though that may happen. It does feel to me that as far as many people are concerned the outcome is already cast in stone. Maybe they know something I don't?
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Lex
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Posted: Mon Oct 17, 2022 4:48 pm
And it's happened: [url]https://www.bbc.co.uk/sport/rugby-union/63244504[/url]
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rebbonk
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Posted: Wed Oct 12, 2022 6:50 pm
Administration is not the end, by any means. Unfortunately, the way this is being touted in the MSM will likely be a self-fulfilling prophecy.
Administration is not the end, by any means. Unfortunately, the way this is being touted in the MSM will likely be a self-fulfilling prophecy.
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Lex
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Posted: Wed Oct 12, 2022 5:09 pm
Looks likely the club will go into administration: https://www.bbc.co.uk/sport/rugby-union/63232043Looks likely the club will go into administration: [url]https://www.bbc.co.uk/sport/rugby-union/63232043[/url]
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rebbonk
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Posted: Thu Oct 06, 2022 7:59 pm
This is typical rubbish that you get from inept and lazy/slack reporting.
WASPS have entered administration, not insolvency/liquidation. There is a long way to go, yet.
It was stupidity like this that prematurely pushed MG Rover under because a particular minister failed to understand the difference.
This is typical rubbish that you get from inept and lazy/slack reporting.
WASPS have entered administration, not insolvency/liquidation. There is a long way to go, yet.
It was stupidity like this that prematurely pushed MG Rover under because a particular minister failed to understand the difference.
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Lex
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Posted: Thu Oct 06, 2022 5:22 pm
Wasps could be kicked out of the sateium: [url]https://www.bbc.co.uk/sport/rugby-union/63155795[/url]
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Lex
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Posted: Wed Oct 05, 2022 7:13 am
I hope so.
I hope so.
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rebbonk
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Posted: Tue Oct 04, 2022 6:07 pm
It doesn't look good, but I assume (dangerous I know) that CBS did due diligence before getting involved?
It doesn't look good, but I assume (dangerous I know) that CBS did due diligence before getting involved?
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Lex
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Posted: Tue Oct 04, 2022 4:42 pm
Wasps are in real trouble: [url]https://www.bbc.co.uk/sport/rugby-union/63135751[/url]
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