Wasps finances 2016

Discussion in 'Wasps' started by oldskyblue58, Nov 1, 2016.

  1. SkyBlueZack

    SkyBlueZack Well-Known Member

    Joined:
    Jan 19, 2013
    Messages:
    1,250
    Likes Received:
    388
    This did make me chuckle :D
     
    NorthernWisdom likes this.
  2. covmark

    covmark Well-Known Member

    Joined:
    Apr 15, 2010
    Messages:
    3,920
    Likes Received:
    2,173
    A number of posters have said freebies are readily available all the time. Yet you still babble on about rota systems.
    Just admit it, you feel a bit of a tit for buying a season ticket when you really didn't need to.

    Sent from my HTC One_M8 using Tapatalk
     
  3. italiahorse

    italiahorse Well-Known Member

    Joined:
    Nov 23, 2011
    Messages:
    11,407
    Likes Received:
    3,238
    Surprised you have not taken a picture then or is it just bull ?
    Easiest way to kill this ongoing argument.
     
  4. italiahorse

    italiahorse Well-Known Member

    Joined:
    Nov 23, 2011
    Messages:
    11,407
    Likes Received:
    3,238
    You need to read the previous posts to realise what contacts I'm talking about.
     
  5. italiahorse

    italiahorse Well-Known Member

    Joined:
    Nov 23, 2011
    Messages:
    11,407
    Likes Received:
    3,238
    They are available all the time just not always at the same place.
    Have you tried or are you just believing what you want to believe ?
     
  6. NorthernWisdom

    NorthernWisdom Well-Known Member

    Joined:
    Apr 23, 2013
    Messages:
    13,318
    Likes Received:
    8,445
    Nick and David no longer putting out ;)
     
  7. Nick

    Nick Administrator

    Joined:
    Feb 25, 2008
    Messages:
    59,190
    Likes Received:
    16,376
    Yes, like I said there are available in multiple places.

    There is a dancing group that gets a fair few also..

    For somebody in the know and in with the big wigs, you seem to be missing a trick.
     
  8. covmark

    covmark Well-Known Member

    Joined:
    Apr 15, 2010
    Messages:
    3,920
    Likes Received:
    2,173
    I wouldn't watch the franchise if you paid me.

    Sent from my HTC One_M8 using Tapatalk
     
    duffer likes this.
  9. italiahorse

    italiahorse Well-Known Member

    Joined:
    Nov 23, 2011
    Messages:
    11,407
    Likes Received:
    3,238
    Can't be bothered to scratt around looking for free tickets any more.
    Why don't you use the CCFC free tickets ?
    Seems your also missing a trick.
    It's like software, music or films. If There any good I don't mind buying them.
    For both Wasps and CCFC I want to just go and watch without any hassle.
     
  10. Nick

    Nick Administrator

    Joined:
    Feb 25, 2008
    Messages:
    59,190
    Likes Received:
    16,376
    Not really, because I'm not saying CCFC tickets don't exist either.

    Also, they don't seem as available.
     
  11. Grendel

    Grendel Well-Known Member

    Joined:
    Sep 19, 2011
    Messages:
    30,660
    Likes Received:
    6,976
    I thought you claimed you always purchased your tickets as the free seats were the cheap ones and there weren't many going about anyway?
     
  12. stupot07

    stupot07 Well-Known Member

    Joined:
    Mar 20, 2011
    Messages:
    22,130
    Likes Received:
    6,569
    If wasps fail they either have to sell up or the lease reverts back to the freeholder. Either scenario would give the football club and owner a chance of purchasing the leasehold. If thay didn't happen and another stadoum managementcompany buys the lease and we'd just have to rent from them. No different to now as you keep telling us, but less competition for paying customers, sponsors etc.

    Wasps failing does not mean it would lead to ccfc failing, if anything it improves our position and opens up a raft of opportunities.


    Sent from my SM-G930F using Tapatalk
     
    Liquid Gold, chiefdave, Moff and 2 others like this.
  13. italiahorse

    italiahorse Well-Known Member

    Joined:
    Nov 23, 2011
    Messages:
    11,407
    Likes Received:
    3,238
  14. italiahorse

    italiahorse Well-Known Member

    Joined:
    Nov 23, 2011
    Messages:
    11,407
    Likes Received:
    3,238
    Im a season ticket holder so what are you rabbiting on about?
    The free tickets as far as I am aware are mainly in the corner under the screen.
    You can move across though as nobody checks like at CCFC.
     
  15. italiahorse

    italiahorse Well-Known Member

    Joined:
    Nov 23, 2011
    Messages:
    11,407
    Likes Received:
    3,238
    So you think that if Wasps fail we could make a go of it ?
    Sometimes I think people just type without thinking.
     
  16. NorthernWisdom

    NorthernWisdom Well-Known Member

    Joined:
    Apr 23, 2013
    Messages:
    13,318
    Likes Received:
    8,445
    /resists obvious retort
     
    chiefdave, Moff and stupot07 like this.
  17. stupot07

    stupot07 Well-Known Member

    Joined:
    Mar 20, 2011
    Messages:
    22,130
    Likes Received:
    6,569
    [​IMG]

    If wasps fail its because they have shot themselves in the foot by raising £35m bonds when they only needed £14m to pay back the council loan and over stretching themselves - its OK though Richardson is happy to have £10m back in his personal bank account.

    If wasps fail it gives us more options than we have now. I don't see how this can be denied.

    Sent from my SM-G930F using Tapatalk
     
    Last edited: Nov 3, 2016
  18. Nick

    Nick Administrator

    Joined:
    Feb 25, 2008
    Messages:
    59,190
    Likes Received:
    16,376
    Italia, how have you got away with a parody account for so long?
     
    NorthernWisdom, Moff and stupot07 like this.
  19. SkyBlue_Bear83

    SkyBlue_Bear83 Well-Known Member

    Joined:
    Oct 16, 2010
    Messages:
    16,768
    Likes Received:
    4,824
    No, not under Sisu.

    However under those circumstances and new ownership of the club, then why not?
     
    stupot07 likes this.
  20. Grendel

    Grendel Well-Known Member

    Joined:
    Sep 19, 2011
    Messages:
    30,660
    Likes Received:
    6,976
    You said you'd never ever have a free ticket even in season one and yet now you confess your contacts gave you free tickets in season one.
     
  21. chiefdave

    chiefdave Well-Known Member

    Joined:
    Sep 27, 2008
    Messages:
    15,035
    Likes Received:
    9,394
    A little something I saw on twitter today
    CwWEvtAXUAQ4ORm.jpg
     
  22. italiahorse

    italiahorse Well-Known Member

    Joined:
    Nov 23, 2011
    Messages:
    11,407
    Likes Received:
    3,238
    Sisu are not selling. Now what ?
     
  23. fernandopartridge

    fernandopartridge Well-Known Member

    Joined:
    Dec 9, 2011
    Messages:
    9,409
    Likes Received:
    5,769
    Ironically it'd be a £21m (35-14) finance deal that does for ACL again. It's early days though.

    My ideal scenario would be a new CCFC stadium of an appropriate size nearer the City centre. SISU gone with Wasps bust and the council stuck with a stadium and no occupier. We can but dream.
     
  24. italiahorse

    italiahorse Well-Known Member

    Joined:
    Nov 23, 2011
    Messages:
    11,407
    Likes Received:
    3,238
    Your confused
    Of course I would have a free ticket in season one. But I preferred to go in the middle rather than the corners.
     
  25. italiahorse

    italiahorse Well-Known Member

    Joined:
    Nov 23, 2011
    Messages:
    11,407
    Likes Received:
    3,238
    The same as the Sisu plan then? They will be happy.
    Dream on !!
     
  26. Nick

    Nick Administrator

    Joined:
    Feb 25, 2008
    Messages:
    59,190
    Likes Received:
    16,376
    You said you had free tickets? ;)
     
  27. italiahorse

    italiahorse Well-Known Member

    Joined:
    Nov 23, 2011
    Messages:
    11,407
    Likes Received:
    3,238
  28. Nick

    Nick Administrator

    Joined:
    Feb 25, 2008
    Messages:
    59,190
    Likes Received:
    16,376
    Today at 1:21pm.
     
  29. italiahorse

    italiahorse Well-Known Member

    Joined:
    Nov 23, 2011
    Messages:
    11,407
    Likes Received:
    3,238
    Thought I said I had them but preferred to go in the middle so never used them.
    Anyway I had other reasons for not using them as my friend I take could not use them.
     
  30. chiefdave

    chiefdave Well-Known Member

    Joined:
    Sep 27, 2008
    Messages:
    15,035
    Likes Received:
    9,394
    They let imaginary people in for nothing ;)
     
  31. italiahorse

    italiahorse Well-Known Member

    Joined:
    Nov 23, 2011
    Messages:
    11,407
    Likes Received:
    3,238
    Lack of wheelchair spaces in season 1
     
  32. dongonzalos

    dongonzalos Well-Known Member

    Joined:
    Feb 13, 2012
    Messages:
    17,983
    Likes Received:
    4,850
    So if the plan is along the lines of Dave's accountant.
    Do not sign any long term deals and wait for Wasps to collapse.
    How long do people think we are talking and where will we playing whilst we wait on this plan? The plan of course isn't guaranteed to succeed?
     
    Last edited: Nov 4, 2016
  33. italiahorse

    italiahorse Well-Known Member

    Joined:
    Nov 23, 2011
    Messages:
    11,407
    Likes Received:
    3,238
    We will be just finishing the new stadium so we will have a choice.
     
  34. chiefdave

    chiefdave Well-Known Member

    Joined:
    Sep 27, 2008
    Messages:
    15,035
    Likes Received:
    9,394
    Gone over this with him again as I didn't really get it first time round. Seems the way it works is that the bond has certain things guaranteed, so that the investors know their money is safe, and if they don't meet those conditions they've defaulted and in that scenario the bond owners have a claim to what was put up as security. The security is the arena lease and ACL.

    There's two interesting guarantees. Firstly that valuation of the arena and shares does not drop below 1.4 times the total debt of Wasps - that's all companies in the group combined. I've always had my doubts about the valuation and now knowing the valuation has to remain high does nothing to ease those doubts. The debt is £34.6m so that would mean the valuation and shares can't drop below £48.4m. The shares are valued at £9.7m so that means the valuation of the arena can't drop below £38.7m. And of course it means taking out any more debt, lets say to build houses or a training ground, would be an issue.

    Secondly the ebitda from June 2017 onwards must be 1.5 times the groups finance costs. Ebitda before tax, interest payments and similar. The ebitda from this set of accounts is a £2.2m loss. Finance costs were £3.1m in these accounts so using that figure by June 2017 they need to turn a £2.2m loss into a £4.7m profit, that's a turnaround of £6.9m by June - seems a pretty tough task to me.

    He asked an interesting question to which I don't know the answer. Do either CCC or SISU own a big chunk of the bonds?
     
    martcov, wingy and stupot07 like this.
  35. Liquid Gold

    Liquid Gold Well-Known Member

    Joined:
    Sep 16, 2013
    Messages:
    2,200
    Likes Received:
    1,974
    Say what you like about italia but you've completely fallen into his trap of arguing against his stupidity instead of scrutinising the poor results of London Wasps
     
    stupot07, NorthernWisdom and wingy like this.

Share This Page