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Wasps.
Discussion started by Yorkie , 22 May, 2020 21:14
Wasps.
Yorkie 22 May, 2020 21:14
Rumoured to be in a very sticky place financially. The consequences of their bond don't help either and might well tip them over the edge it's said. Resolving their training centre ambitions may take much longer than expected too? But quality players still signing to stay with the club!

Jimmy Gopperth the latest to be announced.

Jack Willis

Thomas Young gives up on Wales and stays even though Dad's no longer there.

Marcus Watson

Prop Tom West

Prop Biyi Alo

Obviously the players have faith in new guy Lee Blackett to keep them movong forward.



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Re: Wasps.
SK 88 22 May, 2020 22:53
Yes its all very interesting with Wasps.

The bond, last time I checked, was trading at 50p in the pound and due to be redeemed in May 2022.

I'm tempted to bob a few quid on that. The cartel is strong and if they ended up defaulting and I ended up owning a bit of Cov City's ground it would be fun for the lols anyway.

When looking at people likely to go bust it is external debt that I always look at. Owner debt could get called in but always feels unlikely, whereas Wasps need 35m in two years or ....... what exactly? The refinance will cost an absolute bomb now surely? A default and CCFC sweep back into the stadium? Cov City Council bail them out? (to get sued for state aid again?)

As you say, the training ground seems somewhere between a pipedream and a PR exercise to me. Henly in Arden is an odd place to try and put your training ground anyway. Be like us training in somewhere like Twycross. Or maybe Neville Holt.

BUT they are retaining good players! Who knows? Certainly not me, normally I'd say good luck but I'll never wish that to FaCov.


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