Wasps going into admin & the impact on CCFC (35 Viewers)

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Sky Blue Harry H

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I've not been keeping up with this recently.

When are HMRC due to come knocking?

That's the only date that really matters from what I can see.

Think Wasps forum said the 19th was D Day iirc ?
 

Mcbean

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Bond holders are fecked for sure if no administration and fecked if administration beckons as this unfolds
 

SkyblueDad

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Not sure about the reality of this £50million investment offer I read and have seen a list of RU clubs and their finances everyone are millions in the red and Wasps by some distance number one, who the hell would invest 50mill plus in that industry.
 

Grendel

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Not sure about the reality of this £50million investment offer I read and have seen a list of RU clubs and their finances everyone are millions in the red and Wasps by some distance number one, who the hell would invest 50mill in that industry.

It’s buying the lease to the stadium
 

SkyblueDad

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I gathered that was a possibility, I’ve also read there are other interested parties, plural, who decides which is a suitable one, and who could they be do the council have an input
 

Grendel

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A court appointed administrator is usually charged with selecting the preferred buyer.

I assume the council has the influence on a lease if there’s an actual buyer as it has to assign as freeholder
 

duffer

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Every staff member of Cov BS were offered 4 free tickets.

Even then. That claimed attendance would mean that one in three seats were occupied.

Watching on TV, behind one goal was completely empty. The North Stand behind the other goal looked about 10% full, and the East Stand, which was where most were sitting had huge empty spaces everywhere except for the two or three middle blocks. Maybe that stand was about 30-40% utilised.

So 8000, tops, I'd say - piss poor for a local derby with an awful lot of free tickets.
 

Gynnsthetonic

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Do we have to face facts that the arena is just too big for the city and a financial burden. Should the council sell the freehold and with the money get another stadium built without all the exhibition hall and indoor concert space.
 

Samo

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Do we have to face facts that the arena is just too big for the city and a financial burden. Should the council sell the freehold and with the money get another stadium built without all the exhibition hall and indoor concert space.

I think that would be a backward step.
And... we are getting 20k per week to watch a bottom of the table Championship team, it's not too big for us. (potentially)
 

torchomatic

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Every staff member of Cov BS were offered 4 free tickets.

The husband of my wife's best friend works for CBS and they went yesterday. They've not been before. They are now banned from our house.
 

13th_choice_seamer

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Do we have to face facts that the arena is just too big for the city and a financial burden. Should the council sell the freehold and with the money get another stadium built without all the exhibition hall and indoor concert space.
Maybe it makes sense to close the Arena (i.e. the non-stadium bit) but the empty seats don't cost anything so demolishing the stadium itself makes no sense, even if we can't fill it.
 

Gynnsthetonic

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I think that would be a backward step.
And... we are getting 20k per week to watch a bottom of the table Championship team, it's not too big for us. (potentially)
Didn't mean the stadium capacity although some would argue its too big I meant the whole complex, is to big and out of the way for it to be a success.
 

Gynnsthetonic

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The exhibition hall needs either redeveloping or utilising. Either convert it into hotel rooms, retail, entertainment, offices or a combination. It’s pretty clear it’s dead space.
Sell it off separately, a big hotel right on the M6 would be a better option, we already have Warwick Arts Centre, HMV Empire, Belgrade Theater, Memorial Park, Old Cathedral and the NIA and NEC up the road for events
 

13th_choice_seamer

Well-Known Member
Sell it off separately, a big hotel right on the M6 would be a better option, we already have Warwick Arts Centre, HMV Empire, Belgrade Theater, Memorial Park, Old Cathedral and the NIA and NEC up the road for events
Or loads of flats, they're going up everywhere especially in London. New flats basically paid for Wimbledon and Brentford to build their new grounds between the tower blocks.
 

Terry Gibson's perm

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The arena project has been a problem since it was first conceived as Arena 2000 it was a huge vanity project and was too expensive to build and the debt for building still seems to be around today. It has a train stop that doesn’t work and parking restrictions to the moon just to get you to park in a car park people struggle to get away from.

I have never been able to see the fascination with owing it the place is a money pit, last time I went in the posh seats against qpr last year the whole place needed tidying up and a lick of paint.
 

theferret

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The exhibition hall needs either redeveloping or utilising. Either convert it into hotel rooms, retail, entertainment, offices or a combination. It’s pretty clear it’s dead space.

The exhibition hall is in use constantly. Barely a week passes without an event there.
 
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