Liquid Gold
Well-Known Member
You mean like LONDON Wasps. I've capitalised the London there to give you a hint about my point.
If Wasps publicly declared they wanted to buy CCFC (2 Viewers)
- Thread starter weecohawena
- Start date
You mean like LONDON Wasps. I've capitalised the London there to give you a hint about my point.
shmmeee
Well-Known Member
How are they buying it?
What's the plan for a stadium/rental deal on offer?
What will the debt level of the club be?
What experience does the board have in football?
What's the plan on the pitch?
You know, the same questions we'd ask of any owner.
Why the hell would Wasps want to buy us? Why would anyone want to buy us, but especially Wasps?
What's the plan for a stadium/rental deal on offer?
What will the debt level of the club be?
What experience does the board have in football?
What's the plan on the pitch?
You know, the same questions we'd ask of any owner.
Why the hell would Wasps want to buy us? Why would anyone want to buy us, but especially Wasps?
rondog1973
Well-Known Member
In this instance they have demonstrated competence by successfully negotiating and obtaining a modern sports stadium. Sorry, but football and rugby fans are a different breed and whereas some objected to the move, not all did. A calculated gamble that looks to have paid off.
CCFC's USP is a football club representing the city of Coventry. Wasps don't have this which I think facilitated their move.
rondog1973
Well-Known Member
I'm talking about Cov. Why would they move them from a home where it should be?
Liquid Gold
Well-Known Member
Erm.. are you taking the piss? Because they moved the club they own now away from where it should be
HuckerbyDublinWhelan
Well-Known Member
As long as our incomings weren't siphoned off to the rugby team then yes - don't see an issue if we keep our stadium takings they keep theirs and we split outside of sports 50/50
Same with the football money.
Same with the football money.
rondog1973
Well-Known Member
For what reason?
peeler
Well-Known Member
Very True
Wasps are a brand, they don't represent a community, having said that they rely on the community for support but that's a different thing.
They've moved multiple times over the years.
Liquid Gold
Well-Known Member
Money. Being a hedge fund after all..
rondog1973
Well-Known Member
So Wasps, now based in Coventry, obtain the local football club and decide to move them elsewhere to make more money.
Is that what you are suggesting?
Sky Blue Dal
Well-Known Member
and make damn sure they keep the Ricoh seats sky blue as it was intended to be when it was built.
peeler
Well-Known Member
Although I disagree with the posters comments, I think he was referring the the Wasps move, nothing to do with CCFC being moved.
I don't think he worded it very well.
Nick
Administrator
Only because of the name change....
peeler
Well-Known Member
Wasps own the stadium, why wouldn't they want their own colours eventually.
There are two reason why the keep them sky blue 1/ So as not to antagonise 2/ Because it would cost them a small fortune to change them
WestEndAgro
Well-Known Member
Yes
skybluetony176
Well-Known Member
As long as revenue was shared equally at the Ricoh why not. So long as we're not treated as the poor delinquent brother why would anyone who supports the team not the regime care?
Liquid Gold
Well-Known Member
I'm suggesting there is a possibility of it. They have previous in doing so and you're well aware of it.
Get off this wind up, I'm not biting anymore
skybluetony176
Well-Known Member
To a stadium that has a 240+ year lease on. If they do plan to move teams again it ain't going to be for a long long time and frankly it's scaremongering nonsense to suggest otherwise.
Liquid Gold
Well-Known Member
There is recent evidence of stadiums in London being basically given away. Would that not be tempting to owners who's only motivation is profit?
Captain Dart
Well-Known Member
What you don't seem to understand is that the landscape of rugby & football are very different.
There are professional football clubs everywhere, the territory is very crowded, there are not many gaps in coverage and the FL has rules to prevent franchise operations which were introduced after MK franchised Wimbledon (and BTW I will love it if MK falls below AFC).
Rugby has many fewer professional clubs, considerable geographic gaps and is organised on a UK basis (England/Scotland/Wales are not different associations).
Professional rugby is also relatively new it has only been going 20 odd years, so its hardly surprising that it hasn't fully settled yet.
For those reasons there isn't the same level of opposition in rugby against franchising.. yet.. and the rugby authorities don't object, so it happens.
rondog1973
Well-Known Member
It's not a wind up!
It's a different circumstance and you know it.
Why would Wasps move a Coventry based team from Coventry when they own both stadium and club?
Esoterica
Well-Known Member
With all our stay away fans who will come flocking back as soon as SISU leave, it won't matter what colour the seats are as they'll all have bums on!
peeler
Well-Known Member
A history lesson for Nick.
When they were formed in 1866 they were called Wasps, they only changed their name to London Wasps in 1999 and then back again to just Wasps in 2014.
So they have only been London Wasps for 15 years of their 150+ year existence. The reason they changed it to London Wasps was to differentiate between Wasps FC an amateur side.
Bizarrely, most of the time they were called London Wasps was when they were playing in High Wycombe, which last time I looked isn't in London.
The Reverend Skyblue
Well-Known Member
Good god, we have had seven years with hedge fund owners that has seen us slip from higher Championship to the bottom of league one, chaos on and off the pitch, loss of everything we own, and yet some supporters are willing to get into bed with different hedge fund owners.
Sorry to swear but that's fucking maddening and breathtakingly stupid.
It wouldn't just be Wasps anyway, it would be Wasps with the council behind them telling them what to do. That's just what we want isn't it.
Sorry to swear but that's fucking maddening and breathtakingly stupid.
It wouldn't just be Wasps anyway, it would be Wasps with the council behind them telling them what to do. That's just what we want isn't it.
Nick
Administrator
So they didn't change their name just before they moved here?
It is simple, just change our name!
shy_tall_knight
Well-Known Member
Genuinely interested what London stadiums have been given away recently
peeler
Well-Known Member
They did indeed, but they changed it back to their original name which prior to 1999 was just Wasps RFC.
fernandopartridge
Well-Known Member
The Olympic stadium in context has been given away. £701m of public money spent. West Ham will pay £2.5m for 99 years (£247.5m + £15m).
Compared to the Ricoh, £10m from the council and £9.5m from the Regional Development Agency (ERDF + AWM match funding). ACL paid £21m for the lease which basically repaid these costs.
shy_tall_knight
Well-Known Member
Wouldn't call £250m - a give away and way outside WASPs reach
peeler
Well-Known Member
If SISU remain in charge a 15K stadium would be far too big.
skybluetony176
Well-Known Member
Even then I don't think that they've been given it. Pretty sure it's not so dissimilar from our original Ricoh deal. I.e. they have use of the bowl during the season, office's and shop on site. Anything else going on is nothing to do with them IIRC. Although they do get a share of the naming rights as West Hams presence is recognized as an added benefit to that deal for which they are rewarded.
stupot07
Well-Known Member
They aren't paying £250m up front, they're paying £2.5m pa, which is pretty much the same as the level of interest wasps are paying per annum on the bonds.
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