Grendel
Well-Known Member
£100m - what on Earth are you on about now? Have you read Old Fivers post?
Wasps current finances & hope (12 Viewers)
- Thread starter oldskyblue58
- Start date
£100m - what on Earth are you on about now? Have you read Old Fivers post?
Sick Boy
Super Moderator
And you always take what they say as gospel when it suits your arguement. If you genuinely believe that CCFC wouldn't have paid what Wasps paid then you must be very naive.
italiahorse
Well-Known Member
The difference is that Fisher says he is doing it and then does absolutely nothing.
Wasps have taken a big risk but at least they are giving it a go.
From almost going out of existence only a few years ago to where they are now is incredible.
It remains to be seen what happens in the long term but at least they are making a good fist of it.
Grendel
Well-Known Member
He is. Wasps peddle this tripe and people like him believe it. The guy I know at the rugby club they train at was innocently saying they must be great guys as they’ve given up Higgs as they don’t want to hurt ccfc when they are in the shit so they’ll look elsewhere. Especially given they are the biggest rugby club in Europe.
Eastwood is Walter Mitty it’s a great big con.
Next year I’ll make public a few things about their big presence and how it’s really received in business circles.
italiahorse
Well-Known Member
That's not the point. They made enemies trying get it for nothing and then never had the opportunity when Wasps came along.
Perhaps if they had tried to do it a bit for professionally things would be different, but they are a hedge firm and it's not in their DNA.
Nobody trusts them and never will.
Grendel
Well-Known Member
They are millions of pounds in debt - much more so than the last time they were against the wall. Eastwood is a lying c**t. They are going down and I think I you know it. Not yet but pretty soon.
italiahorse
Well-Known Member
Wasps are not just talking they are actually doing things, particularly at the Ricoh.
I don't expectant upset CCFC supporter to want to believe it but I can try an input some reasoning even if it is rejected on here.
I'm both CCFC and a Wasps fan so I follow the reasoning of both. I can remove the sky blue glasses.
The training ground will happen.
Laughable that you say you will be releasing 'big business news' next year.
It's like an episode of fools and horses.
It's all unsupported facts with you from a guy you know.
Grendel
Well-Known Member
No it’s from someone very much in the know which is why I’ve always laughed at you regrading the notion of stadium sponsorship.
They aren’t doing anything. They’ve grossly over funded the operation and soon will be faced with the decision of remaining competitive as a team or remain here.
The thing I’m referring to is hilarious by the way. Also something else which puts the current relationship very much in perspective.
italiahorse
Well-Known Member
There is a difference between having debt and no way of paying it back (Wycombe) and having debt and the means of paying it back (Ricoh).
It's early days in this business and naive to say it's over.
italiahorse
Well-Known Member
State your source then or nobody can believe you.
The 'thing' ? Whoopee doo !!
Grendel
Well-Known Member
It’s over if they want to remain competitive. What they are facing is the return from the other events that the Ricoh put on is painfully thin in profit margin terms. Rugby is a minor sport with very limited interest. The other issue is the ground maintenance requirements which are going to be crippling.
Biggest turnover in Europe and a team to compete with Worcester or share with Brentford and compete with Exeter. That’s the choice.
Grendel
Well-Known Member
What’s your source regarding Land Rover sponsorship - plenty by PM believe me by the way
skybluetony176
Well-Known Member
Are you trying to create an argument to deflect from the main subject matter being discussed here?
I would respectfully suggest that you start a new thread on the topic rather than distract from the matter in hand.
Grendel
Well-Known Member
Unfortunately Tony i have Italia I’m the ropes. Nick can you delete Tony’s threads as I suspect his old pal is trying to enlist his help again
Grendel
Well-Known Member
Italia also perhaps you would like to reveal who told you that wasps rejected the Higgs centre due to public walkways?
More crucially who within the Wasps organisation actually made a statement the delay in accounts (now well past the March 31 commitment date) was down to technicalities and what are they?
More crucially who within the Wasps organisation actually made a statement the delay in accounts (now well past the March 31 commitment date) was down to technicalities and what are they?
italiahorse
Well-Known Member
My source is website domains that have been taken out.
Grendel
Well-Known Member
Oh my god.
So after this that’s it? No one inside of wasps gave you the notion (I think they did) - you do realise website domains can be taken out by anyone don’t you? Please tell you’ve more than that - I assume it’s that franchise director idiot that invited you to the buffet that fed you the shite? No? He’s gone now anyway oddly as has his successor. What’s his name again?
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skybluetony176
Well-Known Member
Super snigger.
Grendel
Well-Known Member
Tony I’m flattered you have all of my posts on some kind of alert.
I’m also sure you have multiple orgasams now you know I’ve removed you from my ignore list and I’ve forgiven you as I would Donginzalos for your crime.
Don’t spoil it for yourself hey?
fernandopartridge
Well-Known Member
The Ricoh would have to make a profit of £9m a year to repay the capital and interest in the 6 year bond term.
They're already struggling hence Richardson injecting cash which they tried to claim was revenue. That act says absolutely everything about their situation.
They're already struggling hence Richardson injecting cash which they tried to claim was revenue. That act says absolutely everything about their situation.
Terry Gibson's perm
Well-Known Member
But if our illustrious owners drop the court cases it would be extended but do Sisu really want that?
italiahorse
Well-Known Member
I never said that's why it was rejected as a site by Wasps. I don't get everything.
I said in my opinion it was never a good site because of the access by the public. Both for CCFC and Wasps.
A good indication to the seriousness of the accounts is the bond price. It effected it over Xmas with the accounting error but now it has recovered.
Grendel
Well-Known Member
No it isn’t as Old Fiver has pointed out. You said the delay in accounts was an administrative error. Speculation or source please.
chiefdave
Well-Known Member
chiefdave
Well-Known Member
The things you conveniently miss out when you post the same old crap over and over again is that CCFC bid more than Wasps paid for Higgs 50% of ACL and that both Fisher and Sepalla have said the length of the lease (50 years) was the issue and a longer lease would be considered. Unfortunately that was never offered to CCFC, only Wasps.
What are you on about now? Are you agreeing with Fisher and SISU that Wasps massively unpaid for ACL? We know CCFC is worthless, even if you just buy the assts and don't take on any of the debt its not worth a great deal. So the vast majority of the £100m you are stating it would take to buy the club and stadium lease would be the stadium lease. Why would it cost CCFC so much more than it cost Wasps when the fact that it was available again would indicate the business had failed for a second time?
The old deal has ended. Therefore the new sponsor is Ricoh. The fact that they're paying next to nothing because Wasps can't afford to remove the signage is irrelevant.
I think he said "technical"
If that was all it was WASPS would come out and say it.
The Bond Holders should be asking why WASPS Finance PLC accounts are not filed. They are not a WASPS Group Company, only receive interest and pay it out so what technicality can affecting their accounts as well?
You are also overlooking the Compass Loans. The prospectus quotes £4m is due to be repaid next year
italiahorse
Well-Known Member
How did they bid more ? They bid the same with conditions not acceptable to Higgs.
I'm talking about the freehold.
Ricoh have agreed to sponsor in the interim. I guess it will be at a reduced price. The rest is your guesswork.
italiahorse
Well-Known Member
Depends who takes them out ?
It's the only source I can give you as I have confidences to keep.
You are so disrespectful to people you have never met. To be expected I guess when you have nothing else to say.
Sad you don't have your own opinion and just attack others.
Grendel
Well-Known Member
When were they taken out?
Nick
Administrator
That means absolutely nothing. Especially that people guess and domain squat to make money
italiahorse
Well-Known Member
I guess the timing of taking out of all the domains around it and the people who took them out would be the clue.
As I said also this was backed up elsewhere but in confidence.
Grendel
Well-Known Member
Well you are demanding I reveal my sources or I’ll be laughed at so what’s the source?
jimmyhillsfanclub
Well-Known Member
Domain name:
landroverstadium.co.uk
Registrant:
Event Support Team
Registrant type:
UK Limited Company, (Company number: 9025788)
Registrant's address:
2 Courtland Ave
Coundon
Coventry
West Midlands
CV6 1GU
United Kingdom
landroverstadium.co.uk
Registrant:
Event Support Team
Registrant type:
UK Limited Company, (Company number: 9025788)
Registrant's address:
2 Courtland Ave
Coundon
Coventry
West Midlands
CV6 1GU
United Kingdom