italiahorse
Well-Known Member
Probably in the 70s
If Wasps publicly declared they wanted to buy CCFC (3 Viewers)
- Thread starter weecohawena
- Start date
Broken Hearted Sky Blue
Well-Known Member
No now people in New Zealand never heard of wasps but have Coventry. Just because you'd never heard of Coventry
Moff
Well-Known Member
Are your trying hard to be a thick twat or does it come naturally?
Italia said that Wasps would never change their name to Coventry Wasps, as Wasps is a brand name, known globally. I merely pointed out the fact that Wasps are not a global name, and my answer had fuck all to do with CCFC, like your point has fuck all to do with my answer.
What's your point stalker?
peeler
Well-Known Member
Once again, there is no need to call people thick twats, it's just not necessary and the use of the word 'fuck' in your replies is not clever.
Italia is right, they won't change the name to Coventry Wasps for the reasons he stated.
You were just trying to rubbish Italia who said it was a globally recognised brand, point scoring or something, Jesus get a life.
It makes no difference that Wasps aren't a global brand, they are probably well know enough in rugby playing countries and that's all that matters.
Now may I suggest if you don't like my post ignore them & I'll ignore yours. Because it's quite clear to me you aren't a nice person and I doubt you'll see things the same way as me.
Moff
Well-Known Member
Bloody hell, I wasn't trying to rubbish Italia, I was pointing out he was incorrect, which he is. The irony is lost on you that pulling up my post was you point scoring, so I suggest you take your own medicine and get a life yourself.
You respond in your way I will in mine. I don't want to call you a thick twat, but you knew exactly what you were doing when you replied, and got the reply I think you expected.
I answered a post earlier giving an honest opinion and you rubbished it, so don't come across as all innocent. All this you aren't a nice person is just pathetic, its an internet forum and if you dont like whats written dont come on it.
torchomatic
Well-Known Member
Can't see the point in swapping one team moving hedge fund for another team moving hedge fund.
Can someone help me out on this one ?
If there was a mass boycott, iknow there wont but humour me , could SISU deliberateley sink us or are they duty bound in law, and the football leagues commitments to the supporters of ccfc to unload the golden ticket to an incomming mug , sorry i mean buyer
If there was a mass boycott, iknow there wont but humour me , could SISU deliberateley sink us or are they duty bound in law, and the football leagues commitments to the supporters of ccfc to unload the golden ticket to an incomming mug , sorry i mean buyer
Nick
Administrator
They would just cut the budgets to suit...
dongonzalos
Well-Known Member
To not want Wasos to own the club purely because of what they did to their rugby club is a bit pointless.
I am pretty sure if our current owners were allowed to and it made business sense to them they would move us to Wycombe. So we are currently owned by a hedge fund whose primary focus is the hedge fund.
So you would be swapping like for like except the one hedge fund owns the stadium we are about to get kicked out of with seemingly no plan B.
So if it was going to secure the future of the club it is a less crap option than we currently have. So it's a yes from me.
I am pretty sure if our current owners were allowed to and it made business sense to them they would move us to Wycombe. So we are currently owned by a hedge fund whose primary focus is the hedge fund.
So you would be swapping like for like except the one hedge fund owns the stadium we are about to get kicked out of with seemingly no plan B.
So if it was going to secure the future of the club it is a less crap option than we currently have. So it's a yes from me.
Hobo
Well-Known Member
But all have in recent history been forced to move out of the Capital. I think it is London Welsh who have been looking at at the possibility of moving to Pro 12.
The upshot is they are all trying to find a better market and a stronger fan base.
The likes of Ealing Trailfinders in the Championship are surviving on gates of 400 to 900 fans at home games. Any viability comes from generous sponsorship. Hence their ability to sell out the corporate facilities when they came to Coventry in League 1.
Moseley this year has become Birmingham Moseley to explore better commercial exposure. Their finances are so tight they charged Coventry squad members on the team bus who were not playing or on the bench.
The point I am making the world of football and rugby union tradition are poles apart. Clubs have to be resourceful to survive. It is for the fans of any club to gauge whether it is acceptable or not.
My dislike of SISU is the lack of any plan, let alone a viable plan. They seem void of ideas and resourcefulness.
You dont carry on paying the wages when no ones coming in your shop
chiefdave
Well-Known Member
You close the shop down, not sure we want to force the closure of the club!
post #112
Hobo
Well-Known Member
No we don't, but sometimes businesses have to be forced back into step with their customers, forced to re evaluate the market. SISU seem to think they can force the market with their customer base and their business partners. Except their success rate with either is abysmal, as is their ability to move the club forward. They are clearly out of their depth in this customer driven world.
Unless of course they have a different plan, a different motive and the football fan isn't regarded as the real customer?
oldskyblue58
CCFC Finance Director
Never going to happen in my opinion.
How can people argue that Wasps have problems paying off their bond debt then argue that they should shell out millions to purchase/run CCFC?
Yes the shares are worth £1 but it is the amount of cash flow required to run the club that is the problem, in 2015 CCFC made over £3m in losses that need to be funded
What security does CCFC bring with it to back up any debt required to run it?
There is no cash pot available to invest in CCFC
Would the acquisition add to the security provided for the bonds or would giving CCFC a 100 year lease do that better with out adding to risk
yes they could save some overhead but not at the Academy, Ryton etc the only probable cost savings look to be senior management and interest, you couldn't save on managers, coaches, players which form the major costs. Major costs have already been slashed and the overlap of functions is not great so where are the savings that make the difference?
how does owning CCFC improve the Wasps Holdings group? From where I look at the situation it doesn't it adds risk and uncertainty. Effectively asking Wasps, ACL to fund CCFC
It is no good saying CCFC could share the other incomes at the Ricoh - to do that means Wasps RFC, ACL, Compass have to give up income when their own success is under pinned by that income in the first place. The logic is that to gain the incomes then CCFC would have to contribute more in rent etc that doesn't change by Wasps owning CCFC. Taking that a step further then would that still leave CCFC loss making and a big risk
Wasps have no idea how to run a football club it is a different dynamic, skillset etc
Wasps owning CCFC doesn't guarantee success and if CCFC continues to decline then that puts the whole group at risk because of the drain on cash flow
A successful CCFC would add to the sponsorship but even if in lower Championship I doubt it would be much or enough to cover the extra millions required each year to compete at that level
If we can all see that CCFC is a basket case then the financially sharp characters at Wasps will see it too. It seems to me they are prepared to take calculated risks not hopeful ones
As has been mentioned before and by others the most likely scenario is the club is purchased by an entirely separate party that has or is prepared to forge good relationships with Wasps, and takes on a long term sub lease
How can people argue that Wasps have problems paying off their bond debt then argue that they should shell out millions to purchase/run CCFC?
Yes the shares are worth £1 but it is the amount of cash flow required to run the club that is the problem, in 2015 CCFC made over £3m in losses that need to be funded
What security does CCFC bring with it to back up any debt required to run it?
There is no cash pot available to invest in CCFC
Would the acquisition add to the security provided for the bonds or would giving CCFC a 100 year lease do that better with out adding to risk
yes they could save some overhead but not at the Academy, Ryton etc the only probable cost savings look to be senior management and interest, you couldn't save on managers, coaches, players which form the major costs. Major costs have already been slashed and the overlap of functions is not great so where are the savings that make the difference?
how does owning CCFC improve the Wasps Holdings group? From where I look at the situation it doesn't it adds risk and uncertainty. Effectively asking Wasps, ACL to fund CCFC
It is no good saying CCFC could share the other incomes at the Ricoh - to do that means Wasps RFC, ACL, Compass have to give up income when their own success is under pinned by that income in the first place. The logic is that to gain the incomes then CCFC would have to contribute more in rent etc that doesn't change by Wasps owning CCFC. Taking that a step further then would that still leave CCFC loss making and a big risk
Wasps have no idea how to run a football club it is a different dynamic, skillset etc
Wasps owning CCFC doesn't guarantee success and if CCFC continues to decline then that puts the whole group at risk because of the drain on cash flow
A successful CCFC would add to the sponsorship but even if in lower Championship I doubt it would be much or enough to cover the extra millions required each year to compete at that level
If we can all see that CCFC is a basket case then the financially sharp characters at Wasps will see it too. It seems to me they are prepared to take calculated risks not hopeful ones
As has been mentioned before and by others the most likely scenario is the club is purchased by an entirely separate party that has or is prepared to forge good relationships with Wasps, and takes on a long term sub lease
One of the Kiel Rugby team referred to 'Coventry Wasps' recently. I've stopped Sponsoring Kiel Rugby now. They got too big headed ( thought they were getting promoted to the Bundesliga ).
They were well known in Germany....Not so much Now with the younger people. The CCFC flag ( scarf and pictures to be precise ) is still flying in my little pub in Kiel...
The Gentleman
Well-Known Member
Quite an interesting read is this thread. Aside from the usual childish stuff some decent posts.
I wonder though, there are people on this thread saying they would not go if a hedge fund owned us who were prepared to move us anywhere at the drop of a hat. Does any of the posters who have said that go at present?
Also, there are some saying that they would not join in certain protests because it would hurt the team and they will continue to go to games, yet here they are saying they would not go to games which in turn would hurt the team. Just a bit confusing.
I wonder though, there are people on this thread saying they would not go if a hedge fund owned us who were prepared to move us anywhere at the drop of a hat. Does any of the posters who have said that go at present?
Also, there are some saying that they would not join in certain protests because it would hurt the team and they will continue to go to games, yet here they are saying they would not go to games which in turn would hurt the team. Just a bit confusing.
ceetee
Well-Known Member
I agree with that analysis OSB, but what of the stadium naming rights?
There seems to be a hiatus at the moment and I can't help but think it has to do with the uncertainty surrounding CCFC
Nick
Administrator
Exactly the same
clint van damme
Well-Known Member
why, they shouldn't be here, they've taken their club from it's home, and landed on the doorstep of an already established rugby club, it's unacceptable.
oldskyblue58
CCFC Finance Director
Not convinced the hold up has been caused by CCFC not committing to the Ricoh, it could be but not sure its that. I have a feeling it might be sorted by the time the latest Wasps financials come out but that's no more than a guess. Presently CCFC in its current state is not a brand many sponsors would like their own brands associated with, their (CCFC) future is in doubt so worth not a lot. The delay could simply be timing and dotting i's on contracts
Hobo
Well-Known Member
Location is an interesting concept.
I have lived all over the country, so convenience and distance isn't necessarily a problem. But I was born in Coventry so identity and tradition is a massive tie.
They should be in Coventry. A move away would have to be very very justified. Survival v Community Identity? It might be justified.....but alternatively I might settle for the history if survival became too diluted. I feel we have to be either in Coventry or very close green belt.
oldskyblue58
CCFC Finance Director
I tend to agree, the average fan isn't usually bothered who owns his or her club so long as the product is decent and reasonably successful - you choose your team to support not owners
peeler
Well-Known Member
They had been tenants at Adams Park, High Wycombe since 2002 a ground with a capacity that didn't match their ambitions.
Now they have a home in Coventry whether you like it or not, it ain't gonna change.
clint van damme
Well-Known Member
you're almost certainly right that it's not going to change, but that doesn't mean people have to accept it.
Grendel
Well-Known Member
Bore off will you? Go and hang around with your new wasps buddies.
Grendel
Well-Known Member
They only have a home here as wankers like you roll out the red carpet, bend over and invite them in.
peeler
Well-Known Member
What's the point of not accepting it, surely it's wasted energy.
In other words 'There's no use crying over split milk'
Hobo
Well-Known Member
Ironically I think that is exactly what SISU unintentionally did.
peeler
Well-Known Member
Once again another nasty post from you, were you dragged up?
peeler
Well-Known Member
The biggest bore on here telling me to bore off, oh the irony of it all.
Ranjit Bhurpa
Well-Known Member
Or to move it to the next level, is there a potential new investor waiting in the wings prepared to take on ownership of Wasps and CCFC combined?
Hobo
Well-Known Member
I doubt it