Timeline (13 Viewers)

[Irish Sky Blue]

I drove past the Ricoh today and glanced at the insect signage that is adjacent to the A444. It got me wondering would we ever be in a position to own it as we should do. Wishful thinking but could all of these events fall into place?
In the next two years we get promoted.
Sisu decide we are not at the bottom of the cycle, they sell up.
New owners come in who have the best interests of the club at heart.
Long term lease signed with Wasps.
The novelty of top flight Rugby Wears off, London based Wasps fans fed up travelling round trip of nearly 200 miles, gates fall, debts can't be paid, dividends can't be paid. Stadium has to be sold!
CCFC step in to become the Landlords.
Wasps clear off down South where they belong.
Cov are once again the City's only true rugby team and regain their top flight status
So do we!

Unlikely to happen I know but we can still dream.

 

---

[Samo]

I drove past the Ricoh today and glanced at the insect signage that is adjacent to the A444. It got me wondering would we ever be in a position to own it as we should do. Wishful thinking but could all of these events fall into place?
In the next two years we get promoted.
Sisu decide we are not at the bottom of the cycle, they sell up.
New owners come in who have the best interests of the club at heart.
Long term lease signed with Wasps.
The novelty of top flight Rugby Wears off, London based Wasps fans fed up travelling round trip of nearly 200 miles, gates fall, debts can't be paid, dividends can't be paid. Stadium has to be sold!
CCFC step in to become the Landlords.
Wasps clear off down South where they belong.
Cov are once again the City's only true rugby team and regain their top flight status
So do we!

Unlikely to happen I know but we can still dream.

I am slightly aroused. But no it will never happen.

 

[CovisGod]

edit - re-read and it makes sense now !

that all sounds fantastic, like a dream come true.

 

[Terry Gibson's perm]

Can I add the insects have a bad season and are relegated (do they have relegation) the glory hunters turn their backs on them and they go bust and either disappear or crawl back to London.

 

[simonregis]

Of course it will happen in time. Wasps are more likely to sell to SISU than the council and all it needs is a couple of promotions

 

[italiahorse]

We need a plan of our own not rely on the failure of someone else.

 

[Grendel]

We need a plan of our own not rely on the failure of someone else.

But it's something we all hope for as fans of ccfc

 

[Terry Gibson's perm]

We need a plan of our own not rely on the failure of someone else.

Has as it not all been about failure

ccfc board cannot fund so council and Higgs bail out, they can't run it so it goes to the new owners.

 

[CJ_covblaze]

Can I add the insects have a bad season and are relegated (do they have relegation) the glory hunters turn their backs on them and they go bust and either disappear or crawl back to London.

It's doubtful (it'd be like Man City or Chelsea dropping) but also would be interesting to see what the crowds would be.

 

[ccfcway]

Of course it will happen in time. Wasps are more likely to sell to SISU than the council and all it needs is a couple of promotions

none in my lifetime, not even a top 6 finish.

 

[Terry Gibson's perm]

none in my lifetime, not even a top 6 finish.

One promotion would be like a dream as i like you have never even seen a top six finish

 

[Irish Sky Blue]

We need a plan of our own not rely on the failure of someone else.

Sisu don't seem to have a plan.If they do it is a very, very secret one. Until they go I can't see any real progress off the pitch.Only hope on it is down to Mowbray.
It would be interesting to see the gates if Wasps hit a bad patch. Can't see to many standing by a losing, outsider rugby team.

 

[stupot07]

It's doubtful (it'd be like Man City or Chelsea dropping) but also would be interesting to see what the crowds would be.

Yep. Coventry isn't big enough or affluent enough to sustain 2 big successful teams. If wasps manage to attract 15-20k+ regularly next season, our attendances will continue to be disappointing. Interesting to see that Osprays in the shadow of Swansea FC, mainly got crowds of 6-7k last season

http://www.ospreysrugby.com/FixturesResults/PrinterFriendlyVersion/2015?team=Ospreys

I can't see wasps failing, but I do hope that their attendance drop significantly. They shouldn't be in this city, and they certainly shouldn't be the best supported team in this city.

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[italiahorse]

But it's something we all hope for as fans of ccfc

Surely not as a plan though?.
We need to see a proper plan from Sisu to give us hope of a future.

 

[CJ_covblaze]

Yep. Coventry isn't big enough or affluent enough to sustain 2 big successful teams. If wasps manage to attract 15-20k+ regularly next season, our attendances will continue to be disappointing. Interesting to see that Osprays in the shadow of Swansea FC, mainly got crowds of 6-7k last season

http://www.ospreysrugby.com/FixturesResults/PrinterFriendlyVersion/2015?team=Ospreys

I can't see wasps failing, but I do hope that their attendance drop significantly. They shouldn't be in this city, and they certainly shouldn't be the best supported team in this city.

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Not always the case. Sheffield for example has a higher population than us (around 550k) but United and Wednesday both pull in an average of around 20k. Steelers also average 5k and they do sell out their arena (around 9k) on a number of occasions throughout the season. There is also the pull of Super League up there too. Leicester seems able to support two big teams. Burnley get attendances of 20k which is equal to more than a quarter of the Town's population.

 

[CJ_covblaze]

Btw I do admit it goes the other way too at times. Quick fire question to balance it out. Does anyone know the club with the largest catchment area in terms of population?

 

[stupot07]

Not always the case. Sheffield for example has a higher population than us (around 550k) but United and Wednesday both pull in an average of around 20k. Steelers also average 5k and they do sell out their arena (around 9k) on a number of occasions throughout the season. There is also the pull of Super League up there too. Leicester seems able to support two big teams. Burnley get attendances of 20k which is equal to more than a quarter of the Town's population.

True, but then their support has been built over 100+ years of tradition. And in the case of Leicester and the sheffields all managed to average x2 us in league one so seem to have a much more solid core fanbase than us. I can see from my Twitter feed how many have jumped ship from us to wasps.


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[shmmeee]

What other West Midlands rugby is there at that level? I think sport being what it is now a top flight team in either sport would be pulling support from a catchment of easily over 500k.

I don't buy the idea that Wasps need to fail. Just sounds like sour grapes rather than a proper analysis. Even if Coventry itself isn't rich enough or populous enough Warwickshire and Solihull are as well as the likes of Birmingham and the Black Country on your doorstep.

 

[stupot07]

Btw I do admit it goes the other way too at times. Quick fire question to balance it out. Does anyone know the club with the largest catchment area in terms of population?

Manchester United? Manchester, London, Japan?


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[shmmeee]

True, but then their support has been built over 100+ years of tradition. And in the case of Leicester and the sheffields all managed to average x2 us in league one so seem to have a much more solid core fanbase than us. I can see from my Twitter feed how many have jumped ship from us to wasps.


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I think a lot "jumped ship" when the ship started going down a few years ago.

 

[stupot07]

What other West Midlands rugby is there at that level? I think sport being what it is now a top flight team in either sport would be pulling support from a catchment of easily over 500k.

I don't buy the idea that Wasps need to fail. Just sounds like sour grapes rather than a proper analysis. Even if Coventry itself isn't rich enough or populous enough Warwickshire and Solihull are as well as the likes of Birmingham and the Black Country on your doorstep.

Wasps have Leicester, Worcester and Northampton all in the Midlands to compete with in the Midlands. All 3 have historically pulled from different parts of Warwickshire, no idea bout the other areas but a quick trip down the M5 to Worcester is easier than coming past Birmingham to watch wasps.

And they won't just be competing for fans against PL rugby clubs but us and the local football clubs including PL clubs (villa, WBA, Birmingham, wolves, lcfc, etc).

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[stupot07]

I think a lot "jumped ship" when the ship started going down a few years ago.

Never said they didn't, but there seems to be a lot of new wasps diehards on my Twitter feed.


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[Astute]

True, but then their support has been built over 100+ years of tradition. And in the case of Leicester and the sheffields all managed to average x2 us in league one so seem to have a much more solid core fanbase than us. I can see from my Twitter feed how many have jumped ship from us to wasps.

Our support has been built on nearly 50 years of being mainly shite.

 

[Irish Sky Blue]

What other West Midlands rugby is there at that level? I think sport being what it is now a top flight team in either sport would be pulling support from a catchment of easily over 500k.

I don't buy the idea that Wasps need to fail. Just sounds like sour grapes rather than a proper analysis. Even if Coventry itself isn't rich enough or populous enough Warwickshire and Solihull are as well as the likes of Birmingham and the Black Country on your doorstep.

Not sour grapes on my part. Since they have come in they have put Sisu to shame with their PR and their over all approach. However, in my view they should not be here. They have become a franchise club. Despite their free travel plan and reduced tickets last season they have left their loyal fan base in the lurch. There will be people in and around the London area who have followed that club all of their lives. Wasps will mean as much to them as City means to us. Sports clubs are a product of their community. That's where they should stay. Some have said that Wasps have always been nomadic. That may be so but at least they have been nomadic in the London area. They shouldn't be ripped away because an owner with no affinity to that community comes in and wants to make money. Moving away was wrong for Wimbledon, wrong for us and wrong for Wasps.
My reasons for hoping they fail are twofold. In my view franchise clubs don't deserve to succeed. Also Wasps failure is maybe our opportunity.

 

[CJ_covblaze]

Manchester United? Manchester, London, Japan?


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I should've said 'traditional' or similar lol. It's Gillingham.

 

[SkyBlue_Bear83]

Surely not as a plan though?.
We need to see a proper plan from Sisu to give us hope of a future.

That's the problem though, none of the plans proposed seem viable. No hope of success playing underlings at the Ricoh, no prospect of building within Coventry and the idea of building in one of the surrounding areas isn't popular amongst fans. And through all this every year more fans turn there back on the club making it even harder. SISU and CCC have well and truly shafted us playing games with the Ricoh Arena.

 

[Shakeitup]

With Wasps selling those bonds out I doubt they will be up sh¡T creak any time soon!

 

[SkyBlue_Bear83]

With Wasps selling those bonds out I doubt they will be up sh¡T creak any time soon!

We will see, they have to generate 2.2 million each year for 7 years to pay the interest and then another 35 million in 7 years time. That's over 50 million they have to pay within 7 years.

 

[Astute]

And they could have built their own stadium for the same 50m if they had the money and a lot closer to home. And to me Coventry will never be their home. Just like Northampton would never have been ours.

They have either taken a massive gamble or their owner just wanted his money back and doesn't care about their future. Just like SISU and us.

 

[Shakeitup]

We will see, they have to generate 2.2 million each year for 7 years to pay the interest and then another 35 million in 7 years time. That's over 50 million they have to pay within 7 years.

I haven't followed the Wasps closely enough, however I'm sure they've done the maths. Factoring in no early repayment fee, the saving on interest and what not. Combined with the renaming rights of the 'Ricoh' in the pipeline, I'm sure it won't be too hard for them.

Who'd have thought MK Dons would have a nice new stadium and promotion under their belt. I think success attracts more people than morals turn a minority away.

 

[Astute]

I haven't followed the Wasps closely enough, however I'm sure they've done the maths. Factoring in no early repayment fee, the saving on interest and what not. Combined with the renaming rights of the 'Ricoh' in the pipeline, I'm sure it won't be too hard for them.

Who'd have thought MK Dons would have a nice new stadium and promotion under their belt. I think success attracts more people than morals turn a minority away.

The money taken was to cover the cost of taking over the Ricoh, the money he loaned Wasps and also nearly all the interest payments. If they are doing so well why lend money to cover repayments?

 

[Shakeitup]

We will see, they have to generate 2.2 million each year for 7 years to pay the interest and then another 35 million in 7 years time. That's over 50 million they have to pay within 7 years.

The money taken was to cover the cost of taking over the Ricoh, the money he loaned Wasps and also nearly all the interest payments. If they are doing so well why lend money to cover repayments?

I'm sure you're a better businessman and financial expert than Eastwood. You win.

If they were doing so badly why would so.many people invest so much money in something you think is doomed? Either you're a very bright individual and there are a lot of stupid people with more money than sense and willing to invest in Wasps...Or vice versa.

 

[stupot07]

I'm sure you're a better businessman and financial expert than Eastwood. You win.

If they were doing so badly why would so.many people invest so much money in something you think is doomed? Either you're a very bright individual and there are a lot of stupid people with more money than sense and willing to invest in Wasps...Or vice versa.

If it's such an amazing deal why didn't Richardson convert his £10m into bonds and make some easy interest, instead of paying himself back? And to be fair Sisu would be considered financial and business experts......


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[Astute]

I'm sure you're a better businessman and financial expert than Eastwood. You win.

If they were doing so badly why would so.many people invest so much money in something you think is doomed? Either you're a very bright individual and there are a lot of stupid people with more money than sense and willing to invest in Wasps...Or vice versa.

Some people like to take a gamble. If it pays off they will get their money back plus 50% on top. In the bank they would be lucky to get 10%. If it is so good why didn't they get a low interest loan?

If it goes wrong they lose their money. Not bad eh?

 

[Shakeitup]

We will see, they have to generate 2.2 million each year for 7 years to pay the interest and then another 35 million in 7 years time. That's over 50 million they have to pay within 7 years.

The money taken was to cover the cost of taking over the Ricoh, the money he loaned Wasps and also nearly all the interest payments. If they are doing so well why lend money to cover repayments?

If it's such an amazing deal why didn't Richardson convert his £10m into bonds and make some easy interest, instead of paying himself back? And to be fair Sisu would be considered financial and business experts......


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Are you and Astute a tag team on threads? Samo save me!

The more points you use does not make the ellipses more powerful.

I'm saying, I don't believe Wasps will fail and have to run away with their tail (or stinger) between their legs.

Personally I think Eastwood is pretty clued up as a business man, far more so than anyone connected to SISU. So how is that 'being fair'? He doesn't want to take any risk yet wants to reap the profits. I'm sure it's this attitude and approach that has made him.a successful business man.