Evo1883
Well-Known Member
They've never put that out surely ? It's no more than 5000
Wasps downward spiral... (23 Viewers)
- Thread starter CCFC54321
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They've never put that out surely ? It's no more than 5000
Liquid Gold
Well-Known Member
If only there was some sort of German word that perfectly describes how I feel about them falling apart.
Grendel
Well-Known Member
I doubt that. I would guess the next refinancing will be more standard and over a far longer period - it’s clearly not working and there is little local interest in the club but the cost of moving is worse so it will be a case of drifting on
Evo1883
Well-Known Member
Until what ? Liquidation
Well I hope they do eventually piss off .. the stadium besides 1 or 2 badges feels like ours .. wasps have practically nothing there anymore .. feels like they aren't here anymore already tbh
fernandopartridge
Well-Known Member
They always said the spend per head for football matches was lower but the average number of heads has increased by significantly, probably not much worse off than they were 2014-2019 in relation to match day income across both teams but receiving a larger rent.
Grendel
Well-Known Member
they won’t be liquidated. The caring sharing council gave them a 250 year lease which is independently valued at £60 million. That’s an asset I’m afraid that lenders will let them borrow on
Despite a lot of bragging that the bond was a brilliant initiative it clearly failed and again the loan remains outstanding. A more traditional finance arrangement will allow them to pay down capital and spread reduced payments over a longer time period
They are not going anywhere. I’m sure in a perfect world they’d like to but they are trapped
I’d guess we are laying around £1.2 million to them in rent - that’s at £24 a ticket adding over a 12 game season is effectively adding 5,000 people to every game for them
Grendel
Well-Known Member
It is ironic but the Sisu master plan not only has failed but is now ensuring wasps survival
Kneeza
Well-Known Member
Schad.... gut?
Gynnsthetonic
Well-Known Member
Kentwasp1 saying May
Liquid Gold
Well-Known Member
I’m sure they’ll refinance but it won’t be through bonds and the interest will be punitive.
The total Will stay on their balance sheet and their annual losses will get worse.
I really don’t know how they get out of it.
The total Will stay on their balance sheet and their annual losses will get worse.
I really don’t know how they get out of it.
Sky Blue Harry H
Well-Known Member
Presumably the costs of running the stadium (assuming the football bit is covered by the £1.2m, or at least doesn't extend outside of our matchdays) are met by Wasps, in which case the huge hike in energy costs will have disproportionately hit the rugby club a lot more than us (add in their Henley operation, too)
Grendel
Well-Known Member
our match day costs will I’m sure include bills as part of the lease
Sky Blue Harry H
Well-Known Member
Fair enough, yet I still think I may be right at Wasps having been disproportionately hit with the increased costs for the non matchday running of the CBS. Come to think of it, a lot of other football clubs will have been similarly hit disproportionately compared to us.
Saddlebrains
Well-Known Member
Way less id say.
We were getting 6.5 /7k a week rattling around in league 2 and it was more full than that
Thats 4k at a push for me
Grendel
Well-Known Member
Heathen on their forum expects attendances to level out at 15,000….
Saddlebrains
Well-Known Member
Deluded the vast majority of that lot.
Almost 10 years 'building a fanbase in Coventry' and they mever muster more than 6.5k paid for tickets even for the big games.
Tigers and saints have more fans there when its meant to be an insects homegame.
Bar a very miniscule percentage of this city, literally no one in Coventry cares about them and thats surely not viable?
Grendel
Well-Known Member
it is viable it’s if there really is very much point to it and how long fans from the south are prepared to travel
Frostie
Well-Known Member
They have announced it as 9,077 but that's obviously including season tickets & giveaways that didn't actually attend.
Even if it was correct, it's the lowest attendance in the Premiership this weekend.
I think the most stupidest person on the planet knows that they wasn’t 9,000 people at the CBS yesterday. 5,000 people never attended? Utter dribble Drabble from London wasps.
clint van damme
Well-Known Member
Sounds reasonable, I think they could get that cumulatively over a 24 game season.
pusbccfc
Well-Known Member
What’s on in Coventry near Birmingham
A world class location for gigs, entertainment & sporting events within Coventry near Birmingham.
www.cbsarena.co.uk
The 'what's on' page is very sparse.
clint van damme
Well-Known Member
What’s on in Coventry near Birmingham
A world class location for gigs, entertainment & sporting events within Coventry near Birmingham.
The 'what's on' page is very sparse.
they've bagged the national wool show though. Arenas all over the country will be green with envy.
fernandopartridge
Well-Known Member
Interesting really, not sure how they calculate the spend per head at rugby matches (usually published with the bond reports) but they must use the actual rather than notional attendance figures? Otherwise they understate!
fernandopartridge
Well-Known Member
It's all spin spin spin
Gynnsthetonic
Well-Known Member
Theres knit a lot going on is there, you can't pull the wool over my eyes
Gynnsthetonic
Well-Known Member
It's all Spin I know
duffer
Well-Known Member
That reminds me, I used to play football with a bloke called Cardigan. Decent enough player but hopeless in the air. Not much of a jumper.
Skybluemichael
Well-Known Member
May the 13th according to these people Wasps 22 Chat - WAS1 | ADVFN
FulltimeWum
Well-Known Member
Can't they just remortgage the debt?