CBS issues (61 Viewers)

Grendel

Well-Known Member

SkyblueDad

Well-Known Member
Is that actually confirmed?

How the fuck are they loaning it when they still owe £35m to bondholders?
It’s called business Nick, don’t laugh, and is a loan not a grant, there is this, not in my eyes, prestigious Rugby League World Cup game coming up in October and illustrates Andy Streets interest. that has to happen I assume Wasps have gone cap in hand to Street.
I would hope there is stipulation regarding this pitch issue, there will have to be and to be honest although a £12 million loan stinks to high heaven something needs to happen to jolt this pitch situation into action and quick.
 

shmmeee

Well-Known Member
If Wasps will sort the fucking pitch before legal action?
Not sure if this is the right place for this but just saw on twitter someone highlighting the agenda from the West Midlands Combined Authority meeting yesterday. Within the pack at Agenda item 7 it reads as if Wasps have been granted a £12m loan.

Looks like they haven’t touched it either. What’s the loan for? Surely some of that could go to the pitch?
 

Grendel

Well-Known Member

MalcSB

Well-Known Member
If he wants a hotel he can pay for a hotel himself.

He’s received more public funds than track and trace.
It would be a loan which would need to be repaid and it may be to Moonstone not wasps. Given it was granted before the current wasps financial fiasco and work hasn’t started it may never get transferred and remain unused.
 

SkyblueDad

Well-Known Member
Just to let you know I’m in Devon at the moment and for some reason our pitch situation was on their sports news so looks like it’s going national, did say EFL are not blaming us though and sympathetic to us.
 

MusicDating

Euro 2016 Prediction League Champion!!
If he wants a hotel he can pay for a hotel himself.

He’s received more public funds than track and trace.

Looks like Wasps also tried to get funding for themselves and Hollywood Gaming to provide 'Spatial Audio' at the Ricoh...

The guy from JLR - 'NS pointed out that this is a commercial transaction between to companies that are looking for possible financial support for a proof of concept that they would benefit from commercially, questioning what is the role of the LEP in facilitating funding for this?'
 

Nick

Administrator

Looks like Wasps also tried to get funding for themselves and Hollywood Gaming to provide 'Spatial Audio' at the Ricoh...

The guy from JLR - 'NS pointed out that this is a commercial transaction between to companies that are looking for possible financial support for a proof of concept that they would benefit from commercially, questioning what is the role of the LEP in facilitating funding for this?'

Whats that? Spatial Audio?
 

shmmeee

Well-Known Member
Ah yeah I got that bit but didn't know how that would work with Wasps.

Unless it was for a function room etc etc.

Maybe they’re making it so you don’t miss the electric Wasps atmosphere when you’re in the posh seats.

Or actually maybe they’re going for more realistic piped crowd noise 😂
 

chiefdave

Well-Known Member
It will have a timescale that the work has to be authorised by before it’s withdrawn
Surely that must have expired by now. The excuse for the council rushing everything through was a hotel was needed for City of Culture. That's been and gone, as has the CWG, with seemingly zero progress.

Why would Richardson get a loan for that anyway, if he wants to build a hotel and profit from it shouldn't he be paying. Not like there isn't other people trying to build hotels in the area who have been turned down.
 

shmmeee

Well-Known Member
Surely that must have expired by now. The excuse for the council rushing everything through was a hotel was needed for City of Culture. That's been and gone, as has the CWG, with seemingly zero progress.

Why would Richardson get a loan for that anyway, if he wants to build a hotel and profit from it shouldn't he be paying. Not like there isn't other people trying to build hotels in the area who have been turned down.

Are the minutes online? This is the sort of use of public funds I don’t get. I can almost understand somewhere like Coombe Abbey which has intrinsic value to the area. But this seems to be just a straight forward commercial venture which as you say other actors are willing and able to execute without help, why the need for funding?

This sort of money should be going towards infrastructure and decent employers, not 50 NMW jobs turning down beds. Same as the need to attract hotels to the centre, surely the point is you build somewhere that creates demand and the hotels build themselves?
 

MusicDating

Euro 2016 Prediction League Champion!!
Are the minutes online? This is the sort of use of public funds I don’t get. I can almost understand somewhere like Coombe Abbey which has intrinsic value to the area. But this seems to be just a straight forward commercial venture which as you say other actors are willing and able to execute without help, why the need for funding?

This sort of money should be going towards infrastructure and decent employers, not 50 NMW jobs turning down beds. Same as the need to attract hotels to the centre, surely the point is you build somewhere that creates demand and the hotels build themselves?
Yup, Wasps simply don't seem too keen on paying for anything for themselves -


Funding: Local Growth Fund: £310,000 / Growing Places: £1,095,000 / Getting Building Fund: £3,600,000 / Match Funding: £1,050,000

Delaware paid for the vast majority of the Anecdote bar work too.
 

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