It's better than nothing for some. Seems like some are not going to want to let the "previous administration" get away scot-free.
I don't blame them but it was obviously a risk investing knowing Wasps history and you have to question their initial expectations?
Sold a pup by a deal that any proverbial used-car salesman would be proud of!
It seems also that some thought their P shares were additional security, but the discussion is that they can't force those to be sold (but would get the money IF they get sold) so they seem irratated by the idea the phoenix club may inherit the shares rather than help clear their debts.
Quite a lot of anger and confusion about how the stadium and rugby club have been seperated in the Administration proceedings in all this.
Used to run around with an 11, 14 or 15 on my back.
ads wrote: ↑Tue Nov 29, 2022 5:30 pm
Do they prefer to play in empty stadiums? cos there's no way Worcester fans are gonna start turning out to watch Wasps.
ads wrote: ↑Tue Nov 29, 2022 5:30 pm
Do they prefer to play in empty stadiums? cos there's no way Worcester fans are gonna start turning out to watch Wasps.
The RFU’s Primary Considerations
The primary considerations for the RFU if the Club wishes to transfer its membership and league position to a Phoenix Entity are:
• Will the Phoenix Entity be able to play at its current ground next season and beyond?
• Does the Phoenix Entity have sufficient financial backing to operate in its current league (and any other league specified by the RFU) for the following season and beyond?
• Will all the outstanding Rugby Creditors of the insolvent Club be paid?
• Are any new ownership arrangements for the Phoenix Entity suitable and will the new owners and management of the new entity be satisfactory to the RFU?
• The circumstances of each Insolvency Event are likely to be different, and therefore the RFU may take any other matters into consideration it sees fit.
If Wasps were to buy 6Ways, they would not be able to play there in the Championship, they would have to begin at the bottom of the leagues..............................of course that's assuming the RFU actually apply the rule.
"If you want entertainment, go to the theatre," says Edinburgh head coach Richard Cockerill. "Rugby players play the game to win.15/1/21.