Cov Rugby/Wasps (11 Viewers)

[italiahorse]

A Premiership rugby club does a secret deal with your landlords and lands in your backyard as potential competition for your support.............The defeat was announced, people were pleased, get over it ! As for ownership of the Ricoh, I didn't want a franchise rugby club or a hedge fund to get their mits on it but what's done is done. I hope Wasps fail and sell 100% of ACL to CCFC eventually and that's a CCFC with responsible and ambitious owners by the way. Dreaming I know but............

Maybe, just maybe, this will remove SISU from CCFC as the reason they are here has gone.
Maybe, just maybe, the owners of Wasps may also be the owners of CCFC.

I'm a great believer that if you don't change anything you always get the same.
The SISU saga was just dragging on and on.

 

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[Ashdown]

I'm with you, I hate SISU with a passion. There is a bleak future with them in charge, they are incompetent at every level of running a football club, I'm just saying that we don't want to jump out of the frying pan and into the fire either, I think we did this unwittingly in 2007 !

 

[italiahorse]

I'm with you, I hate SISU with a passion. There is a bleak future with them in charge, they are incompetent at every level of running a football club, I'm just saying that we don't want to jump out of the frying pan and into the fire either, I think we did this unwittingly in 2007 !

A change is as good as a rest to a blind horse.

 

[stupot07]

Maybe, just maybe, this will remove SISU from CCFC as the reason they are here has gone.
Maybe, just maybe, the owners of Wasps may also be the owners of CCFC.

I'm a great believer that if you don't change anything you always get the same.
The SISU saga was just dragging on and on.

Or maybe sisu will batten down the hatches and continue to run the club at breakeven and sit it out for 4-5 years in hope wasps fail?


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[Rusty Trombone]

Or maybe sisu will batten down the hatches and continue to run the club at breakeven and sit it out for 4-5 years in hope wasps fail?


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Continue to run the club at break even?????

Maybe that could be possible if we sold a Callum Wilson each year, but otherwise not achievable on crowds of less than 10k. Cut the quality of players much more and we'll be down to 6k.

 

[Grendel]

Continue to run the club at break even?????

Maybe that could be possible if we sold a Callum Wilson each year, but otherwise not achievable on crowds of less than 10k. Cut the quality of players much more and we'll be down to 6k.

On current wages we will break even on £6k crowds

 

[Rusty Trombone]

On current wages we will break even on £6k crowds

So you're estimating ticket income at around £1.3m I guess, then a bit of other income, and you're thinking the running costs of the club and the wages of everyone employed will be less than this. I think you're wrong.

 

[stupot07]

So you're estimating ticket income at around £1.3m I guess, then a bit of other income, and you're thinking the running costs of the club and the wages of everyone employed will be less than this. I think you're wrong.

Ticket income was c£2.7m in our last season at the Ricoh. There are also other income jan just ticket revenues - our turnover that season was £6.6m. So yes I think they could make us breakeven on a turnover of £5-6.5m. You can after all only spend 60% on wages/fees under FFP.


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[Rusty Trombone]

Ticket income was c£2.7m in our last season at the Ricoh. There are also other income jan just ticket revenues - our turnover that season was £6.6m.


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The average crowd wasn't 6k though. How much were the costs?

 

[stupot07]

Continue to run the club at break even?????

Maybe that could be possible if we sold a Callum Wilson each year, but otherwise not achievable on crowds of less than 10k. Cut the quality of players much more and we'll be down to 6k.

Are you saying than only clubs with 6k+ fans can breakeven in this league?


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[stupot07]

The average crowd wasn't 6k though. How much were the costs?

The costs were considerable but have been cut since then. Even with 6k fans they could break even half the clubs in this league average less than 6k. That's the one of the reasons for FFP in league stop clubs over spending.


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[Rusty Trombone]

Are you saying than only clubs with 6k+ fans can breakeven in this league?


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No. I'm saying we won't with 10k unless we have player sales, and certainly not on 6k.

 

[stupot07]

No. I'm saying we won't with 10k unless we have player sales, and certainly not on 6k.

If other clubs then we could. It would be shit, we would continue to struggle in this league but it is possible on 6k fans, half this league average less than that. And Ofcourse player sales will be part of it.


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[Rusty Trombone]

The costs were considerable but have been cut since then. Even with 6k fans they could break even half the clubs in this league average less than 6k.


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You know interest charges will form part of the costs, regardless of whether we actually pay them out. Do half the clubs in this league have our debts?

 

[stupot07]

You know interest charges will form part of the costs, regardless of whether we actually pay them out. Do half the clubs in this league have our debts?

No idea. And yes I do know that. In actually cash terms sisu could quite easily sit it out for 4-5 years. This wasps deal does not mean sisu will leave.


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[Rusty Trombone]

No idea. And yes I do know that. In actually cash terms sisu could quite easily sit it out for 4-5 years. This wasps deal does not mean sisu will leave.


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ok if we are talking cash then they may well be able to sit it out if crowds are around 10k. I'm of the view SISU will only leave when their investors say that's enough.

 

[Jack Griffin]

I think they are trying to run the club at break even and pay the ARVO interest charges through developing players and selling them on.

I think they had to come back because there was no way to do this at Sixfields, Timmy got his estimates utterly wrong.

 

[Skyblueweeman]

Shame I didn't see you. Think I spotted Wingy in the distance. Butts is always a good afternoon out but did get a bit tense towards the end!

** Snigger, snigger **

Kudos to those giving local sport the thumbs up. I just can't bear Rugby though. At Uni many years ago, there was a divide between footballers and rugby that's stuck with me to this day. That and seeing them drink each others piss.

But like I say, fair play to those who promote local teams.

Might go and see Havant and Waterlooville play soon if I have a spare weekend and don't fancy a 200 mile round journey.

WM

 

[Brighton Sky Blue]

** Snigger, snigger **

Kudos to those giving local sport the thumbs up. I just can't bear Rugby though. At Uni many years ago, there was a divide between footballers and rugby that's stuck with me to this day. That and seeing them drink each others piss.

But like I say, fair play to those who promote local teams.

Might go and see Havant and Waterlooville play soon if I have a spare weekend and don't fancy a 200 mile round journey.

WM

See it a lot at my uni that pubs will be crammed full for 6 Nations and the autumn internationals but when there's football on no matter what it is the places are half empty. Don't know what it is but always found rugby fans to have this superiority complex over football fans that puts me off. Not seen them drink piss up here though I guess Tennent's is a good substitute for that.

 

[Brighton Sky Blue]

I think they are trying to run the club at break even and pay the ARVO interest charges through developing players and selling them on.

I think they had to come back because there was no way to do this at Sixfields, Timmy got his estimates utterly wrong.

ARVO is a SISU run company. They only owe money to themselves and always have done, the rent boycott aside.

 

[wingy]

ARVO is a SISU run company. They only owe money to themselves and always have done, the rent boycott aside.

Yeah but where does It now source It's money .difference being "Charges against Assets", Interest now charged against loans ,Equity share for Cash Injections and payment of the league requirement to ACL.

 

[Brighton Sky Blue]

Yeah but where does It now source It's money .difference being "Charges against Assets", Interest now charged against loans ,Equity share for Cash Injections and payment of the league requirement to ACL.

The money all comes from SISU funds of one form or another. All Joy has to do is persuade fresh investors to throw more money down the drain. ARVO is the master fund and puts money into other businesses in SISU's portfolio and money is interchanged between the lot of them.

 

[Sick Boy]

It's pretty small-minded to celebrate someone else losing. IMO, the Wasps moving to the Ricoh is the best thing that could have happened to CCFC. It keeps SISU/Otium away from owning it and it's good for everyones finances.

So you are happy its owned by another mysterious hedge fund?

You really are thick.

 

[Rusty Trombone]

So you are happy its owned by another mysterious hedge fund?

You really are thick.

Which hedge fund owns it?

 

[Sick Boy]

Which hedge fund owns it?

The Maltese hedge fund who own Wasps.

 

[Rusty Trombone]

The Maltese hedge fund who own Wasps.

I thought Derek Richardson was the main shareholder in Wasps.

 

[Neutral Fan]

I thought Derek Richardson was the main shareholder in Wasps.

No, Richardson's company Moonstone is the main Shareholder. Moonstone is based in Malta. Moonstone are owned by MGI Fiduciary Services, a ''business services and accountancy firm' ' also in Malta.

The set up seems to deliberately as clear as mud but Richardson - like Winkie in Milton Keynes - seems more interested in property development than sport and ''sports franchises'' are just a means to an end.

As a ''business services'' company I doubt the Ricoh will be run for the benefit of CCFC and maybe not even Wasps.

 

[Buster]

See it a lot at my uni that pubs will be crammed full for 6 Nations and the autumn internationals but when there's football on no matter what it is the places are half empty. Don't know what it is but always found rugby fans to have this superiority complex over football fans that puts me off. Not seen them drink piss up here though I guess Tennent's is a good substitute for that.

It may seem like that at uni but if you go to local junior clubs its far from it . I hope thats not a possible inferiority complex leeding to an imagined superiority complex

 

[Brighton Sky Blue]

It may seem like that at uni but if you go to local junior clubs its far from it . I hope thats not a possible inferiority complex leeding to an imagined superiority complex

The uni club here is known for asking which school you went to before considering you for selection. Think it's just a uni thing.

 

[letsallsingtogether]

No just a football fans paranoia!!!

Funny played Rugby for years I am still friends with a lot of these guys just normal blokes who 95% are also football fans.
I see quite a few up the City on a Saturday we do have a laugh at how other football fans see Rugger as a threat.

The uni club here is known for asking which school you went to before considering you for selection. Think it's just a uni thing.

 

[Brighton Sky Blue]

No just a football fans paranoia!!!

Funny played Rugby for years I am still friends with a lot of these guys just normal blokes who 95% are also football fans.
I see quite a few up the City on a Saturday we do have a laugh at how other football fans see Rugger as a threat.

Not talking about club rugby and nor was the other poster. All uni sports teams are like it to some extent but rugby seems to have more of it.

 

[torchomatic]

Lol.....

perhaps i should rephrase that.
They appear to be the best way forward considering the other options.

 

[letsallsingtogether]

Not talking about club rugby and nor was the other poster. All uni sports teams are like it to some extent but rugby seems to have more of it.

Club Rugby is where most of them started and end up .

 

[Brighton Sky Blue]

Club Rugby is where most of them started and end up .

Just going from my own experience up here.

 

[dongonzalos]

750 season ticket holders turned up for a your of the Ricoh yesterday