italiahorse
Well-Known Member
Yawn
Wasps current finances & hope (32 Viewers)
- Thread starter oldskyblue58
- Start date
Sick Boy
Super Moderator
Based on what? You're talking utter nonsense
italiahorse
Well-Known Member
The question you need to ask yourself is : with CCFC in L1L2 and Wasps gone what happens next ?
??
D
Deleted member 5849
Guest
The incentive for clubs to pack up and move to another place is decreased.
clint van damme
Well-Known Member
we scored 6 last week and secured a play off place yesterday and I don't think you've posted about either of them. Why are you on this board?
You're sole purpose seems to be defending Wasps.
italiahorse
Well-Known Member
Never went to the 6 goal game so can't comment.
The game yesterday was dire and I'd sooner not pass comment as it will be negative.
I will say that watching them yesterday promotion is a step too far.
As I've said many times, Wasps and CCFC can only survive together that's one of the reasons I want Wasps here.
Answer the above question what happens next? Or is it 'we can't have it, so no one can'
clint van damme
Well-Known Member
I've no idea what happens next. But we've got more chance of getting the stadium with wasps gone than if there here.
It also means one half of the axis of evil is gone, just the other half to go.
Sick Boy
Super Moderator
Utter nonsense, we survived at the top level by ourselves for 34 years and don't need a London rugby club to get back there.
italiahorse
Well-Known Member
So if Sisu move us again to get the stadium freehold off the council that will be okay ?
CCFC will rent the stadium for many tears to come, be it Wasps, Sisu or someone else.
Until we get to the PL we cannot finance it.
Am I the only one that can see this?
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Sick Boy
Super Moderator
You'd be a hypocrite to object to them moving the club
italiahorse
Well-Known Member
But what will happen after Wasps leave ?
Reminder : We are not at the top level and the main reason we are where we are is because of mistakes made when we were at the top level.
italiahorse
Well-Known Member
That's different.
I can understand why they did it.
Sisu moved us for their own personal gain because they could not afford to buy the Ricoh at market value.
They said they would not pay what Wasps as it was too much but now say Wasps didn't pay enough.
There taking the pi$$ and I'm not buying it.
D
Deleted member 5849
Guest
Fucking hell, it's for the Wasps' owner's own personal gain too, else he'd have found a site in London, or bought CRFC if he was determined to own a rugby club in Coventry.
italiahorse
Well-Known Member
I'd object like the vast majority of fans did.
italiahorse
Well-Known Member
Yes he's already gained a personal £10M loss.
D
Deleted member 5849
Guest
So by that logic, SISU are even more altruistic.
italiahorse
Well-Known Member
It's not their money and I suggest they can balance the portfolio until they sell it.
Their problem comes when they sell and their investors finally feel the loss.
For that reason they will just keep us ticking over and going nowhere.
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lordsummerisle
Well-Known Member
Was a 20 million pound loss wasn't it before he got repaid 10 million quid from the cash raised by the bond?
The very definition of somebody profiting personally from buying the Ricoh.
Wasps are on life support and I’m convinced more than ever this week there demise is now confirmed.
It’s now stay at the Ricoh with a team cut to the bare bones and struggling in front of decreasing crowds (non paying fans) and slide down the leagues (like CCFC) or survive in some sort back in the London area and re form.
It’s now stay at the Ricoh with a team cut to the bare bones and struggling in front of decreasing crowds (non paying fans) and slide down the leagues (like CCFC) or survive in some sort back in the London area and re form.
pastythegreat
Well-Known Member
Now is the time to cut their throats. EVERYONE at CCFC matches should stop parking at the Ricoh, stop buying pints and food inside the ground. Let's really strangle their income. And if that doesn't work we should barricade every turnstile at their "home" matches and stop all the scrum that go and watch them from attending.
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Astute
Well-Known Member
If you only look at the negatives then you are right. But we also have positives.
If SISU moved us again there is a good chance I would follow my club this time. It is the best chance of getting rid of both SISU and Wasps.
How do you know that CCFC will always rent the Ricoh? We will whilst Wasps are here. So that is a reason why you should want them gone.
Yes we don't know what would happen once they have left. But how could it be worse than now?
So SISU keep.a hold of CCFC. They get their hands on the arena. They charge us 1m a year to play there. So they end up owing themselves 1m.........
Or
SISU get their hands on the arena. They finally have something worth selling with the club. SISU get their money back and go. Wasps are gone. CCFC have their own ground. We get a couple of promotions. We get back to over 20k for home games with the feel good factor. Top flight only 1 season away. Yes it seems miles away. But we have seen it can be done.
There are other things that could happen. Like SISU piling debt onto the arena. But how could the arena situation be worse than it is now?
If we could get a campaign going for the people of Coventry and Warwickshire to get behind to drive Wasps out of the city I’d imagine it would receive hefty support.
I’m sure anybody from Coventry even thinking of going to watch Wasps would think twice before attending.
If you going to watch Rugby support your local club CFC.
Astute
Well-Known Member
Rugger supporters are a funny breed. They are happy to watch a game where they don't follow either club. But they go for the day out.
If we manage to go up in the playoffs it will bring many back. Some of these go to Wasps games. Shows how much they care about our club presently to dump football for egg chasing. Maybe just a bit of glory hunting.
pastythegreat
Well-Known Member
Watch YOUR own team. The team on the up not the one in a downward spiral.
How do we start it then?
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Terry Gibson's perm
Well-Known Member
Could you imagine the faces at the telegraph if you rang up and asked to take out a full page advert against Wasps
D
Deleted member 5849
Guest
See, I think this is a bit of an over generalisation. *Some* do, undoubtedly, but then that's no different to football, where if Man Utd dipped *some* of their fans would be quite happy to go for the day out at Liverpool, or Man City even. As you say, it's as much about success and profile as anything. We get daytrippers too, even, for Wembley and Accrington(!)
Now of course attendance won't even affect arena operations through the week, but it does affect profile and perception. Wasps recognise that, that's why free tickets are handed out, along with the attempt to convert people. What would be interesting is if and when Wasps ever have a bad season and gates slump. I suspect that could be the cataclysmic house of cards collapse. As you also say, us having a spot of relative success won't do that any harm either...
D
Deleted member 5849
Guest
I suspect they might take your money, however!
Wasps will be struggling next season and there downward spiral will start...
Astute
Well-Known Member
I live up north where rugger is as least as big as football. Instead of travelling a long way for an away game a lot of them get together and watch a more local game. Whereas I would prefer to travel a long way to watch us than to go to Carlisle or Morecambe to watch a game. But agree with the rest.
Mild-Mannered Janitor
Kindest Bloke on CCFC / Maker of CCFC Dreams
Don't we share in those revenues though?
Surely the answer is a JV of 50:50 on the stadium? Most viable for both and gives SISU some value to exit themselves then.
Nick
Administrator
The thing is with the free tickets is that people will see that as the value, my mate can get free tickets every game so goes sometimes because some of his family do things there. If you ask him if he would pay and go and watch if his family weren't there then there would be no chance at all.
It's a bit like the Groupon stuff or Dominoes 2 for Tuesday. I probably wouldn't get a dominoes on a Friday unless I could get a 2 for 1 deal as there's no chance I'd pay £40 odd for it. People just start to see that as the value and won't want to ever pay full price for a ticket.
It's interesting as well that the Telegraph seem to have just completely ignored the accounts.
italiahorse
Well-Known Member
We have never owned the stadium.
We pay very little rent and don't have the responsibility of the stadium.
We will rent for many years to come be it Wasps, Sisu or whoever owns the stadium.
Your scenario with Sisu owning the stadium and not requiring a contribution is dreamland.
If Wasps are finding it difficult we would find it impossible.
Ownership is not possible or required.
How would Sisu moving us again get rid of them ?
How does the plan go on Sisu getting ownership of the Arena ? Incredible you think they will get their money back and go as that means CCC will need to lose something like £60M.
If they want to own the stadium why would they not build one somewhere else ?
Then the team and the stadium would be owned by Sisu and could be sold ?
Why if somebody wanted to buy CCFC could they not build a stadium somewhere else. It would be cheaper than buying the Ricoh.
As I said previously it's a case of 'we can't have it so nobody can'.
No we need to piggy back off Wasps.
Your scenario is dreamland and would finish the club if attempted.
Nick
Administrator
If Wasps wanted to own a stadium, why didn't they build one?
pastythegreat
Well-Known Member
I don't think we even make 50% do we? Haven't even seen details of the new rent agreement other than it's for 12 months.
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