CBS issues (6 Viewers)

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Skybluedownunder

Skybluedownunder

Well-Known Member
SkyblueDad

SkyblueDad

Well-Known Member
Skybluedownunder said:
Shared ownership is not the option. Getting these pricks out of the city is the only thing to take the sting out of the Wasp!


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While I can agree getting them out of the city doesn’t stop them being our landlord, the very least we need or a new owner does is a share in the stadium as we have witnessed recently Wasps are a dangerous landlord.
 
COVKIDSNEVERQUIT

COVKIDSNEVERQUIT

Well-Known Member
MalcSB said:
Post on Wasp bondholders forum that the cost of the repair will be paid initially by CCFC and Wasps will have to repay the £180,000 or so by agreement.

Boils down to wasps hoping to get away with it because they haven’t got a pot to piss in.
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If you rent a house, any maintenance work is paid for by the landlord, that's why the rent is so high.

Wasps have a f*cking cheek.

If Wasps don't pay it back then Sisu will take Wasps to court.
 
D

Deleted member 5849

Guest
slowpoke said:
While I can agree getting them out of the city doesn’t stop them being our landlord, the very least we need or a new owner does is a share in the stadium as we have witnessed recently Wasps are a dangerous landlord.
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And of course CCFC and Wasps would agree on every management decision if co-owners, meaning management of the stadium progressed smoothly and efficiently...
 
Pete in Portugal

Pete in Portugal

Well-Known Member
shmmeee said:
When did the club first raise the issue?

10 days ago is since the first game was called off. What’s the story here?

- The club had no idea of the state of the pitch and weren’t let in until just before the Rotherham game

or

- The club knew along with the rest of the world that the pitch was looking a mess and did nothing to warn fans or the EFL when getting no replies/assurances from Wasps

Because it’ll get jumped on I’ll say again that this is Wasps fault and they should be not just replacing the pitch out of their pocket but also paying significant (in the millions) compensation should we be able to peruse them for such.

But if we’re talking purely a performance review on Boddy over this there’s questions of how you don’t know there’s major issues with one of the main events of your corporate year until the day before?
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Yes it doesn't look good. However, we need to factor in the fact that the CWG lease with the insects only ended on 14th August. So access to the pitch and the ability to carry out remedial work may have been quite limited, or at least restricted, until the 15th August. This situation arose because the insects deal with the CWG was already in existance before our deal to return to the Arena was negotiated. With the benefit of hindsight, maybe we should have insisted on an arrangement to enable us monitor the state of the pitch through the summer. But that might have put our return in jeopardy.

Without knowing all the details about what took place, we are not really in a position to make a judgement about Boddy's performance, one way or the other.
 
Senior Vick from Alicante

Senior Vick from Alicante

Well-Known Member
slowpoke said:
While I can agree getting them out of the city doesn’t stop them being our landlord, the very least we need or a new owner does is a share in the stadium as we have witnessed recently Wasps are a dangerous landlord.
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I think that we have paid it because we have had too, Wasps as in the stadium company are on their arse and if we didn't we would not have a pitch to play on. They need the lease money to keep ticking over and a full pitch relay would mean they could not meet their day to day running costs so hence the cheaper option. They look like they are just bumbling through until a sale can be secured, why would you risk your own players health on something that is not fit for purpose? Time will tell but I doubt Wasps will be playing at the Ricoh next season unless they win the lottery.
 
D

Deleted member 2477

Guest
The only thing to come out of this sorry mess whoever you blame is its clear that Wasps dont give a flying fox about ccfc and the club. We are just another income to them to keep their heads above water whilst they spend the bare minimum on the cbs so they can play their egg chasing in the cuckoo nest
 
R

robbiethemole

Well-Known Member
Just seen on the offie site work has started on repairs, they have a glorified mobile sewing machine that looks painfully slow putting the new fibres in.
What bothers me is we have 25 games to get in before the WC break and them fuckers have home games and Rugby League games on it, plus during the lay-off they will still be playing on it in rain and cold weather. Will it be de ja vue and be like a plowed field again when we resume and who will pay for more work?
 
Liquid Gold

Liquid Gold

Well-Known Member
What is it actually doing then?

Like laying a framework under the pitch which holds it all together and allows it all to grow.
 
T

Travs

Well-Known Member
Pete in Portugal said:
Yes it doesn't look good. However, we need to factor in the fact that the CWG lease with the insects only ended on 14th August. So access to the pitch and the ability to carry out remedial work may have been quite limited, or at least restricted, until the 15th August. This situation arose because the insects deal with the CWG was already in existance before our deal to return to the Arena was negotiated. With the benefit of hindsight, maybe we should have insisted on an arrangement to enable us monitor the state of the pitch through the summer. But that might have put our return in jeopardy.

Without knowing all the details about what took place, we are not really in a position to make a judgement about Boddy's performance, one way or the other.
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Precisely.

I know we have a lot of expert groundsmen, project mangers and wedding-planners on here (not to mention master football tacticians, politicians and scientists), but the attempts to throw blame around are just speculation at best.
 
Torquay Sky Blue

Torquay Sky Blue

Well-Known Member
Travs said:
Precisely.

I know we have a lot of expert groundsmen, project mangers and wedding-planners on here (not to mention master football tacticians, politicians and scientists), but the attempts to throw blame around are just speculation at best.
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Not just scientists, we have epidemiologists on here
 
S

Speedies_Chips

Well-Known Member
robbiethemole said:
Just seen on the offie site work has started on repairs, they have a glorified mobile sewing machine that looks painfully slow putting the new fibres in.
What bothers me is we have 25 games to get in before the WC break and them fuckers have home games and Rugby League games on it, plus during the lay-off they will still be playing on it in rain and cold weather. Will it be de ja vue and be like a plowed field again when we resume and who will pay for more work?
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Not all 25 are at the CBS though.
 
J

Jonny

Well-Known Member
AFCCOVENTRY said:
Meanwhile…

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Full text below because of paywalls:

Wasps are being pursued by HM Revenue & Customs over an unpaid tax bill.

After Telegraph Sport revealed Worcester Warriors had been hit by a winding-up petition from HMRC, their Midlands rivals were said to be another Premiership club being chased by the taxman.

Their chief executive, Stephen Vaughan, did not respond to repeated requests for comment, while HMRC declined to comment.

Unlike Worcester, HMRC is not currently seeking the liquidation of Wasps, whose owner, Derek Richardson, was forced to deny last week that the club was to enter administration amid suggestions to that effect on social media.

No Premiership club has gone bankrupt since 1999 but the coronavirus pandemic left some on the brink, with a Government bailout worth tens of millions of pounds seemingly not enough to ensure their survival.

Fears over Wasps’s future were raised in May after they announced a delay in repaying those to have invested in a £35 million bond scheme that helped bankroll their 2014 purchase of a 250-year lease on the Coventry Building Society Arena.

Those concerns were compounded the following month when they requested £13 million in public money from the West Midlands Combined Authority (WMCA) to help pay stadium costs.

The most recent set of accounts for Wasps Holdings, covering the year ending June 2021, showed it recorded a loss of £18.5 million over a two-year period and had net current liabilities of £54.7 million.

The bondholder debt was initially secured against the value of the stadium, which the accounts valued at £52.4 million.

Wasps are the only Premiership club whose Companies House filings do not include notification of a charge being issued against them for taking out a multi-million-pound loan under the Government’s Covid-19 Sports Winter Survival Package.

But Telegraph Sport has been told they did borrow money under the scheme and that, like other teams, their loan is a secured one.

At the weekend, Telegraph Sport revealed Wasps were facing possible legal action from Coventry City after their Coventry Building Society Arena tenants were forced to postpone a second home match this season over an “unsafe and unplayable” pitch.

On Wednesday, both clubs announced “extensive work” would take place on the playing surface this week and that a “six-figure investment” would be made into pitch improvements amid the postponement of a third Coventry home game this Saturday.

WMCA told Telegraph Sport Wasps’s request for public money was still under consideration, while Coventry City Council, which owns to freehold to the arena, said: “The city council, including through the chief executive and senior officers, has regular communication and dialogue with many businesses and this has been particularly important throughout the pandemic as the economic context has been incredibly challenging.

“Wasps have been one of these businesses.”
Worcester on Thursday night remained in dialogue with HMRC over its own unpaid bill, having previously said: “The club owners and board are fully committed to preserving top-flight professional rugby in Worcester and have been working on solutions to secure the financial future of Worcester Warriors and to pay outstanding tax owed to HMRC.

“A solution, which would secure the long-term future of the club, has been approved. Unfortunately, there have been unavoidable delays beyond the club’s control to the final tasks required to complete the funding.
“Having kept HMRC fully apprised of the situation, we are disappointed that they have taken the decision to issue a winding-up petition.”
 
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