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Wasps/Worcester
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Intouch View Drop Down
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Points: 732 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Intouch Quote  Post ReplyReply Direct Link To This Post Posted: 14 Apr 2023 at 09:17
Originally posted by Mark W-J Mark W-J wrote:

The problem is that Wasps aren't subject to the RFU's regulations regarding administration.  Under those rules, they would be relegated to the bottom of the pyramid.  But under Premiership regulations, administration just means relegation to the Championship.  And if there are other sub-clauses in those regulations that allow them to by-pass what you and I would consider due process, then they can get away with just about anything.


So you are saying that they can enter the championship without a penny in the bank and owe over £25m.
Yet a club, who had a sponsor, not the club, that owed the RFU, was given a list of tasks to complete  inside 6 weeks, to stay in a league they were in because the RFU had to cover face for 2 years of missing sponsorship payments.

How come OEs were asked to prove to have £400k in cash in the bank yet Wasps are not asked to show they have a penny, or anywhere to play, in point of fact, Id say that not one National 1 club could prove that at 6 weeks notice!

So they came after OEs on the pretence that " there had been a significant change in the club" when there had not been, just the passing away of the chairman of the main sponsor who never held a seat on any OE committee, but happened to owe the RFU 2 years sponsorship in arrears with another 2 to come!

Joke!!.. 

 


Edited by Intouch - 14 Apr 2023 at 12:32
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Originally posted by Intouch Intouch wrote:

Originally posted by Mark W-J Mark W-J wrote:

The problem is that Wasps aren't subject to the RFU's regulations regarding administration.  Under those rules, they would be relegated to the bottom of the pyramid.  But under Premiership regulations, administration just means relegation to the Championship.  And if there are other sub-clauses in those regulations that allow them to by-pass what you and I would consider due process, then they can get away with just about anything.


So you are saying that the can enter the championship without a penny in the bank and owe over £25m.
Yet a club, who had a sponsor, not the club, that owed the RFU, was given a list of tasks to complete  inside 6 weeks, to stay in a league they were in because the RFU had to cover face for 2 years of missing sponsorship payments.

How come OEs were asked to prove to have £400k in cash in the bank yet Wasps are not asked to show they have a penny, or anywhere to play, in point of fact, Id say that not one National 1 club could prove that at 6 weeks notice!

So they came after OEs on the pretence that " there had been a significant change in the club" when there had not been, just the passing away of the chairman of the main sponsor who never held a seat on any OE committee, but happened to owe the RFU 2 years sponsorship in arrears with another 2 to come!

Joke!!.. 

 

Welcome to the Old Boys' Club (formally known as the RFU), you must be new to our ways of working!
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Points: 4025 		Post Options Post Options   Thanks (0) Thanks(0)   Quote tigerburnie Quote  Post ReplyReply Direct Link To This Post Posted: 14 Apr 2023 at 09:44
Wasps have to pay their rugby debts and show they have funds in place to run for three years, these are the things Worcester won't pay, which is why they are not going to be playing next season unless they start again at the very bottom.
Doesn't matter how much bluster Dayglo and his mates make about the brand being too big to fold, everyone knows, no cash, no rugby, they sure as hell won't get any credit anywhere to even buy some toilet rolls.
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Points: 732 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Intouch Quote  Post ReplyReply Direct Link To This Post Posted: 14 Apr 2023 at 11:34
Well they need a little more than a wip round and as the RFU asked OEs for a £400k clear balance for one season in Nat 1, be interesting what needs to be in the bank in the Champ for 3 seasons!
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Points: 4537 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Raider999 Quote  Post ReplyReply Direct Link To This Post Posted: 14 Apr 2023 at 14:29
Originally posted by CJB1 CJB1 wrote:

Originally posted by kingsheathlad kingsheathlad wrote:

Originally posted by cheshire exile cheshire exile wrote:

Originally posted by Camquin Camquin wrote:

Is that 12 days late.
No statement from Wasps.
No hope of the Nest being ready before the 2026/7 season - so where were they thinking of playing before that.
The hotel is going to generate £7m a year - frankly, if a new hotel could do that - why lumber it with a rugby stadium - take the money and run.

Who writes these business proposals.


The article suggests that the Henley-in-Arden trading ground could be upgraded for Championship rugby. Doesn’t suggest where a playing squad might come from.

Parking would a problem, not much space. Public transport? 
Buses between Birmingham and Stratford - every hour or 1/2 hour?  Railway station on Birmingham to Stratford line, again service inadequate for these purposes and a bit of a walk from the ground.


They have based supporters to a ground from a station before (when they played at Wycombe Wanderers FC)
RAID ON
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Points: 4309 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Halliford Quote  Post ReplyReply Direct Link To This Post Posted: 14 Apr 2023 at 15:13
I note that their new ground will be the Wasps' Nest. Anyone who knows anything about nature will know that wasps build their nests of paper, made by digesting wood and mixing it with their own saliva. So the Wasps' Nest will be made of paper that a few legends have spat on. I'll leave it there!
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Points: 1950 		Post Options Post Options   Thanks (0) Thanks(0)   Quote No 7 Quote  Post ReplyReply Direct Link To This Post Posted: 14 Apr 2023 at 15:21
Originally posted by Halliford Halliford wrote:

I note that their new ground will be the Wasps' Nest. Anyone who knows anything about nature will know that wasps build their nests of paper, made by digesting wood and mixing it with their own saliva. So the Wasps' Nest will be made of paper that a few legends have spat on. I'll leave it there!

Wasps nest only last 3 /4 months and are never reused .
Ambition should be made of sterner stuff.
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Originally posted by Raider999 Raider999 wrote:

 They have bussed supporters to a ground from a station before (when they played at Wycombe Wanderers FC)

Surely they could catch a bus from Ealing. 🤔🤔


Edited by FHLH - 14 Apr 2023 at 15:41
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Originally posted by FHLH FHLH wrote:

Originally posted by Raider999 Raider999 wrote:

 They have bussed supporters to a ground from a station before (when they played at Wycombe Wanderers FC)

Surely they could catch a bus from Ealing. 🤔🤔
You could when they were a proper club and played in Sudbury - showing my age now.
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The real Wasps still do
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Points: 3752 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Mark W-J Quote  Post ReplyReply Direct Link To This Post Posted: 14 Apr 2023 at 16:56
Originally posted by Camquin Camquin wrote:

The real Wasps still do
Acton nowadays.
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Originally posted by CJB1 CJB1 wrote:

Originally posted by kingsheathlad kingsheathlad wrote:

Originally posted by cheshire exile cheshire exile wrote:

Originally posted by Camquin Camquin wrote:

Is that 12 days late.
No statement from Wasps.
No hope of the Nest being ready before the 2026/7 season - so where were they thinking of playing before that.
The hotel is going to generate £7m a year - frankly, if a new hotel could do that - why lumber it with a rugby stadium - take the money and run.

Who writes these business proposals.

The article suggests that the Henley-in-Arden trading ground could be upgraded for Championship rugby. Doesn’t suggest where a playing squad might come from.
Parking would a problem, not much space. Public transport? 
Buses between Birmingham and Stratford - every hour or 1/2 hour?  Railway station on Birmingham to Stratford line, again service inadequate for these purposes and a bit of a walk from the ground.

No longer a bus service between Brum and Stratford - the bus now runs from Solihull to Stratford and, as far as I am aware, does not stop outside the Pests site so folks will have to walk from Henley (unless Stagecoach agreed to a match day stop adjacent to the site).  Also the current timetable is pretty poor - every two hours at the weekend, and the last bus on Saturdays from Henley to Solihull at around 4:50pm.  Weekday evening services currently finish around 6:30pm.

Train service is only one train an hour on the Shirley/Whitlocks End branch, and then about a mile walk with the last stretch along a fairly fast piece of A-road.  At least the supporters will be able to enjoy an ice cream cone from the parlour as they make their way to the ground.
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Not too sure what the concern is for the Wasps fans, one could go round on his push bike and give the other one a "croggy" on the cross bar................................LOL
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Originally posted by Halliford Halliford wrote:

I had a brief conversation with one of the Wasps Legends after the England U18 match at Esher in which his son played. He was bullish about Wasps being in the Championship next season but not prepared to divulge any details. Now I see why, he wouldn't have wanted me laughing at him in public!

I don't think this plan is good enough for The Apprentice, let alone Dragon's Den! That said, it may be good enough for the RFU Council. 

So bullish about them coming back he hasn't legally become a director at the new co & his son has signed for Northampton...
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Originally posted by Richard Lowther Richard Lowther wrote:

Originally posted by Richard Lowther Richard Lowther wrote:

Originally posted by cheshire exile cheshire exile wrote:

Piece in the Guardian this morning suggests Wasps Mk2 are planning a new stadium and “conference/hotel/leisure facilities “ somewhere along the M40, allegedly to be up and running by 2028.
They aim to be back in the Premiership by 2025/6.
Not quite sure how this comes to pass.


Talking to some one earlier they mentioned the Kassam Stadium potentially would become available if Oxford United manage to secure an alternative ground. 

Food for thought and a lot quicker and cheaper than building from scratch plus the potential to build on the empty space behind one goal.

The reason Oxford are leaving the Kassam is because he wants to knock it down and is evicting them.
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Originally posted by SK 88 SK 88 wrote:

So bullish about them coming back he hasn't legally become a director at the new co & his son has signed for Northampton...

I didn't like to say that to him at the time!
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No idea what it's all about, but former Wasps owner Derek Richardson is said to be going after the law firm and associated banker involved with their ill-fated Ricoh misadventure, in court.
High Court case number BL-2023-000528
Should be fun.


Edited by Kimbo - 16 Apr 2023 at 11:23
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Originally posted by Kimbo Kimbo wrote:

No idea what it's all about, but former Wasps owner Derek Richardson is said to be going after the law firm and associated banker involved with their ill-fated Ricoh misadventure, in court.
High Court case number BL-2023-000528
Should be fun.

Richardson v. Dawbarn and another

The owner of professional rugby union team Wasps RFC brought legal proceedings against law firm Kennedys Law and its banking partner Robert Dawbarn in a claim filed on April 6.

Kennedys Law acted as legal adviser to the rugby club from 2012 until it fell into financial trouble in 2022. It entered into administration in October.

Derek Richardson is represented by Standley & Co Solicitors.

The case is Richardson v. Dawbarn and another, case number BL-2023-000528, in the High Court of Justice of England and Wales.
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Interesting piece on NewsNow today. 
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The Brentford Stadium, used by London Irish, seats 17,250 and has no hotel - and cost £71m.
Brentford bought the site in 2012, and played the first game in 2020.

Crystal Palace are due to spend £100m+ on updating Selhurst Park.
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