Ricoh (9 Viewers)
- Thread starter Tonylinc
- Start date
ccfcway
Well-Known Member
for who ?
dongonzalos
Well-Known Member
Wasps themselves ruled it out.
I would imagine they would only pick it up out of administration otherwise they have to negotiate with SISU.
I would imagine they would only pick it up out of administration otherwise they have to negotiate with SISU.
So, you think that Wasps are going to play Shitzu at their own game? Interesting.
For wasps and by proxy us.
Kingokings204
Well-Known Member
Maybe. I wouldn't rule it out but I very much doubt wasps want to buy ccfc.
stupot07
Well-Known Member
That's not what he said.
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letsallsingtogether
Well-Known Member
Oh yes he did.That's not what he said.
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stupot07
Well-Known Member
Oh no it isn't.
(He's behind you)
Seriously though, Don was saying that wasps aren't interested in buying ccfc, but may consider it if we were to go into admin. That's not 'playing sisu at their own game', that's just considering an opportunity when it arises. Personally I can't see them wanting to buy us anyway, it's not a good financial decision, and makes little financial sense, much better for them to facilitate a takeover by a third part and keep us purely as tenants.
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Oh yes it is. Our owners tried to distress ACL to the point where they picked up the Ricoh for peanuts. Where is the difference?Oh no it isn't.
(He's behind you)
Seriously though, Don was saying that wasps aren't interested in buying ccfc, but may consider it if we were to go into admin. That's not 'playing sisu at their own game', that's just considering an opportunity when it arises.
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dongonzalos
Well-Known Member
No I wasn't thinking that TBH. However it is an interesting thought.
If Wasps did have any thoughts about getting their hands in CCFC. Then they may not be helpful towards CCFC with ideas of sharing physios training facilities, shop marketing, ticket sales.
However I think they just have enough on their own plate and just see CCFC as a tenant that they can't depend on. They will want to make their business solvent without CCFC, before they even consider treading in those murky waters.
Astute
Well-Known Member
The Ricoh had a value. Our football club doesn't. If SISU want to get some money back they will have to add value. And this is without spending to do so. So I can't see them giving in easily.
stupot07
Well-Known Member
As Don said. That's not what he meant or what he said.
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ccfcway
Well-Known Member
I agree with this. They will make all the comments that CCFC are important, but ultimately, we are just 20 odd days in a 365 day year.
Neutral Fan
Member
Look, MGI Fiduciary are the owners of the Ricoh. They are an entertainment company based in Malta and own several casinos and other similar businesses.
Wasps are their first sports franchise I'm aware of and it comes with quite some risk. They benefit from rent from CCFC right now.
Why would MGI extend that risk by taking over a loss making Division 3 football club? And lose their rent into the bargain.
That's why MGI have ruled it out.
Wasps may have landed at the Ricoh as a 2nd or even 3rd choice but surely they can now see the sense in combining that ownership with that of CCFC. I accept that they will want to make their own business a success first but I would not be surprised if, after having done that, they make an approach for the football club.
Neutral Fan
Member
Why?
dongonzalos
Well-Known Member
It makes perfect sense for Wasps and CCFC to be owned by the same people who own wasps.
The issue for me is for that to happen Wasps have to do a deal with SISU.
Wasps will see our club as worth nothing and only paying off a 5th of the debt. (Administration)
SISU would probably see the club as worth about 20-30 million.
So unless we go into administration or some firm of alliance is formed I can't see it happening sorry.
SISU often say they are seeking Co Investors , though I think you'd have to be mental unless you were of their Ilk ,which you infer Richardson Is .
That would still be mental but there may there may be a way without getting entangled In the web of debt and Structure.
Possibly through the area of Sponsorship ,but then why would he ?
Cheshire Sky Blue
New Member
It will never be Wasps that would buy CCFC, but the owners of Wasps. Now that would mean new owners for CCFC. Owners who have access to a Stadium and who have so far demonstrated that they are a million time more savvy than Dim and his controller. Now can tghere be anything wrong with SISU gone and new owners in.
Now let me think....................:blue:
stupot07
Well-Known Member
Sorry Don, I just don't see why it makes financial sense. Far too many risks, they want to stop funding wasps losses, they won't want to fund ours. Eastwood said it would take a few years for wasps to breakeven at the ricoh. Getting to the PL would take a significant amount of investment and even then not guaranteed to get there. No, like OSB had said a few times makes more sense for wasps to broker third party take over of ccfc and keep us merely as tenants. They have enough risks to worry about just moving here and what will happen to their fan base once the novelty has worn off.
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I don't know anything about rugby and don't want to know, only played the game a few times whilst at Barkers and each time was sensible enough to run the other way to the ball! However, I do know something of business and can't help thinking that having two sporting teams under the same roof presents a good business opportunity. The obvious factor is of course the price which has to be paid in order to achieve that.
stupot07
Well-Known Member
If it's such an amazing business opportunity why haven't swansea/osprey's, wigan fc/wigen, etc, etc all done this? They share stadiums?
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Paxman II
Well-Known Member
It's a funny old game but if we were to suddenly find ourselves top of the Championship AKA Bournemouth, do you think they would start to look more seriously at getting hold of us from SISU? If we dream for a moment and got promoted back to the premiership we would be in the stronger position and be a big threat to WASP themselves who I predict are likely to find the going tough after the initial
honeymoon period.
Quite how a rugby club with low attendees at a near 35k stadium will make it work well is beyond me in the long run, especially if the football team leave and erect their own stadium in the same city.
It's food for thought....
honeymoon period.
Quite how a rugby club with low attendees at a near 35k stadium will make it work well is beyond me in the long run, especially if the football team leave and erect their own stadium in the same city.
It's food for thought....
Perhaps they do not have the right people on the payroll to see the commercial viability.If it's such an amazing business opportunity why haven't swansea/osprey's, wigan fc/wigen, etc, etc all done this? They share stadiums?
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stupot07
Well-Known Member
How is it commercially viable? A loss make rugby club, a struggling stadium, a financially cripples football club that cannot survive outside league one without significant investment?
If it was that commercially viable, it would have already been done by now, by the clubs that have been sharing stadia for a number of years.
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J
Jack Griffin
Guest
How is it commercially viable? A loss make rugby club, a struggling stadium, a financially cripples football club that cannot survive outside league one without significant investment?
If it was that commercially viable, it would have already been done by now, by the clubs that have been sharing stadia for a number of years.
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How much profit did CCFC make last year?
dongonzalos
Well-Known Member
Sorry Don, I just don't see why it makes financial sense. Far too many risks, they want to stop funding wasps losses, they won't want to fund ours. Eastwood said it would take a few years for wasps to breakeven at the ricoh. Getting to the PL would take a significant amount of investment and even then not guaranteed to get there. No, like OSB had said a few times makes more sense for wasps to broker third party take over of ccfc and keep us merely as tenants. They have enough risks to worry about just moving here and what will happen to their fan base once the novelty has worn off.
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I guess I keep thinking more from our perspective
stupot07
Well-Known Member
None
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Bill Glazier
Active Member
I genuinely think there's every chance wasps will own CCFC. A relatively small investment could fire up a promotion push and fill the Ricoh. A premiership promotion would be a massive payday that would finance both clubs' futures. It's a natural fit.
With the abuse the Wasps get from some City fans on here I doubt they would even bother thinking about it.
letsallsingtogether
Well-Known Member
Yes it would make City part of a franchise club and then we will all be riddled with guilt and have to stay away.
Fuck the guilt I'll still go.
SkyBlue_Bear83
Well-Known Member
An then when we're losing money, the Wasps owners can just relocate us to another area of the UK. Sounds like a great plan!
ccfcway
Well-Known Member
tbf, they would have to take the rugby club with them, and sell the arena.