Moff
Well-Known Member
A lot of fans of rival clubs wouldn’t be too gutted to see them fail, lot of ill feeling about their move and the way they’ve operated.
Their now moving towards the Saracens level of trying to cheat the system
Wasps downward spiral... (48 Viewers)
- Thread starter CCFC54321
- Start date
A lot of fans of rival clubs wouldn’t be too gutted to see them fail, lot of ill feeling about their move and the way they’ve operated.
Their now moving towards the Saracens level of trying to cheat the system
Evo1883
Well-Known Member
, he's very optimistic
shepardo01
Well-Known Member
Agree, but, I doubt that other clubs fully know all that has gone on, and don't know what the 13m is for... and if for "Arena costs" (which we know it won't be used for!) won't/may not seem an issue to them.
If, for example, Leicester asked for a public grant to build a new roof on a stand- I doubt (possibly) anyone from other clubs would care....
It's the fact we have an idea how it is likely to be used, and know about all the other 10s of millions they have been gifted for free. Bet other clubs don't fully know this???????? Could be wrong???
What do you think?.. your Rugby knowledge looks far better than mine!
Grendel
Well-Known Member
I know a director of rugby from a club in CRFC league - well knew him - pre Covid he said they are a bunch of crooks and no one knows where their money comes from
TomRad85
Well-Known Member
Fail isn't enough, I want them erased from existence.
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D
Deleted member 5849
Guest
I dunno, setting up shop back in their homeland would suit me, at a lower level - bit like Richmond did. Franchise clubs mustn't be allowed to succeed though, for the good of everybody.
shepardo01
Well-Known Member
Would they kick up a stink about it though G? Seemingly not? So they keep ploughing on!
We do know where their money comes from!!
RegTheDonk
Well-Known Member
Going to be interesting to see how the CT investigate (or spin) this story.
Nick
Administrator
You spelt "Copy and Paste from Wasps" wrong.
Moff
Well-Known Member
Like Grendel said, I’ve heard all is not done transparently.
Now if Wasps need to pay money themselves to upgrade/renovate a ground they chose to move to to become the biggest Rugby team in England, and could cut their playing budget and other areas to pay for this, but don’t and receive state aid instead, I can see other clubs not being particularly pleased if Wasps turn out an expensive playing squad next year.
Saracens we’re caught cheating, Wasps can be too.
I can imagine other clubs will be watching this with interest…..perhaps Ealing who missed out on promotion as their ground wasn’t up to standard, maybe millions in state aid would have helped.
HuckerbyDublinWhelan
Well-Known Member
They’ll probably throw in CCFC leaving, Covid and Previous court battles have weakened an otherwise strong business plan.
Then go on to blame SISU even more, by referring to the club receiving public funds a few years back rehashing that 14m loan article ( but not correcting that the club has nothing to do with it)
then a 5 ways wasps should benefit over public services
Liquid Gold
Well-Known Member
I want Wasps to fail and I don't remember speaking to a CCFC fan that has anything but animosity towards them.
They had to stop putting posters advertising their games up in the arena because our fans tore them down during our games. Doesn't sound like a nonplussed set of folk.
I also don't get the line that we should be sorry for their long serving fans. They have either supported a franchising move, which is completely against sporting tradition in this country or they have moved on. I know a lot of former wasps fans that go to Bath, Bristol or Irish now as they won't travel to Coventry.
The argument that some of their Midlands based fans say about supporting them for years and having them move here so "what would you do" is bollocks too. If CCFC moved permanently to Ashton Gate they'd be dead in my eyes.
They're a morally bankrupt cesspit and the sooner the stain of their actions is removed from our sporting landscape the better.
They had to stop putting posters advertising their games up in the arena because our fans tore them down during our games. Doesn't sound like a nonplussed set of folk.
I also don't get the line that we should be sorry for their long serving fans. They have either supported a franchising move, which is completely against sporting tradition in this country or they have moved on. I know a lot of former wasps fans that go to Bath, Bristol or Irish now as they won't travel to Coventry.
The argument that some of their Midlands based fans say about supporting them for years and having them move here so "what would you do" is bollocks too. If CCFC moved permanently to Ashton Gate they'd be dead in my eyes.
They're a morally bankrupt cesspit and the sooner the stain of their actions is removed from our sporting landscape the better.
Liquid Gold
Well-Known Member
If karma was working then the outcome of all of this would be CCFC owning the arena and CRFC being given a Premiership share.
Evo1883
Well-Known Member
Nick
Administrator
All of it and we're good
Just depends what happens to all the debt...
Evo1883
Well-Known Member
Nick
Administrator
Oh yeah I have no doubt they will get bailed out somehow with some dodgy scheme.
Liquid Gold
Well-Known Member
The debt has always been the thing that has made the ownership model on the arena unsustainable. Was for us CCC Wasps and whoever comes next
Liquid Gold
Well-Known Member
I think they'll get the funds too but it will be kicking the can down the road or giving up the golden goose.
Look back on the previous 136 pages here though and you'll see everybody saying that when the bond was due was when the problems would start.
It seems to be only Wasps' ownership, management and fans along with the local media that didn't notice anything was up.
Look back on the previous 136 pages here though and you'll see everybody saying that when the bond was due was when the problems would start.
It seems to be only Wasps' ownership, management and fans along with the local media that didn't notice anything was up.
clint van damme
Well-Known Member
Fixed.
Evo1883
Well-Known Member
I laugh but it's true
Gynnsthetonic
Well-Known Member
I hope your wrong in this case, I don't see how they can be bailed out this time though
D
Deleted member 5849
Guest
I honestly can't see how going to the combined authority will get them the money. It's not just Coventry it affects after all, and Andy Street isn't in by much of a majority. Plus it opens it up to Birmingham wanting a load of cash, and who knows who else is out there who'd be keen for some stadium renovations.
Wasps moving to Coventry may have been controversial for us, but brought apathy among the electorate. I couldn't see it being the same wider than just Coventry at a time when budgets are screwed, although I appreciate it probably comes out of a different pot. The only saving grace they have is there's not another top flight club in the combined authority, but not sure Birmingham would want to play second fiddle to Coventry in that respect all their life.
(Watch them be given £26million now, just to be sure they have enough!)
HuckerbyDublinWhelan
Well-Known Member
Given it’s a money pit - do we actually want half of it?
fernandopartridge
Well-Known Member
Yeah I speculated the same yesterday
D
Deleted member 5849
Guest
Have to say it seems to be all or nothing really, doesn't it. And less debt to service to pay it down.
That being said, new football grounds are a nightmare every time. Even new stands (Wolves!) did for clubs, but Leicester, Southampton etc have all been shafted temporarily by moving. Arsenal rose it out thanks to Wenger being cautious, but have gone from league winners to also rans. It's only clubs like Middlesbrough with a chairman who's prepared to underwrite it who seem to do OK really, if you try and finance it on cold hearted commercial terms, you're shafted!
Evo1883
Well-Known Member
Along as it enables us to keep all of what we make on matchdays .. and make half of everything else apart from wasps matchdays where ofcourse naturally they lose money
I'd be interested to see how it would all work
Liquid Gold
Well-Known Member
Debt free yes. Taking on £17.5m debt or paying that for it fuck no.
D
Deleted member 5849
Guest
In that respect, it's interesting that the reporting has decided to include that the bond was to pay Richardson his £10million loan back. Almost like waving in front of them all that effectively, any grant would be doing this for him too.
Liquid Gold
Well-Known Member
This is full blown insanity
Professional sports clubs don not exist in the real fiscal world - yes the do, of course they do
You are not Man Utd, they have a load of debt, they also generate more money than any other team outside of the US (I think), they are not losing money
Strange that you seem to be the only club applying for those funds, it's almost as if it should be a concern. It isn't your owners being full on geniuses applying for a grant that nobody else had thought of.
Honestly get the nurse.
Professional sports clubs don not exist in the real fiscal world - yes the do, of course they do
You are not Man Utd, they have a load of debt, they also generate more money than any other team outside of the US (I think), they are not losing money
Strange that you seem to be the only club applying for those funds, it's almost as if it should be a concern. It isn't your owners being full on geniuses applying for a grant that nobody else had thought of.
Honestly get the nurse.
Evo1883
Well-Known Member
Man United are worth more than their debt , are wasps worth more than their debt of 54 million? Not sure they are anywhere close to that