Probably - plus maybe some offices?
Is that the rent for Sixfields?
I'd say a candid discussion with Wasps would soon find if any common ground existed.
Probably - plus maybe some offices?
Can I check we're talking about the same thing here. Isn't non match day revenue basically other events that are nothing to do with us? Outside of owning our own ground, why would anyone sell some of their profits from events unless the price was massive? Seems strange to me, we'd basically be acting like investors in a non-football business. If that's the case, I can't see what's stopping us from doing it with any business, never mind the Ricoh.
Seems like something that you'd need to own at least a bit of a ground to get to me.
Its worth a discussion but I can't see Wasps handing it over. Think about how much revenue we're talking about, things like stadium naming rights would need to be included. Just can't see Wasps even considering handing a big chunk of that over. At the very least we'd be looking at 100% of revenues generated by CCFC being there, and I doubt we'd even get that and even if we did we'd still be a long way behind other clubs.
The catch is that non-match day income have to be generated in the football ground complex.
The football club is the company Otium.
Sisu never owned the club - they act on behalf of the shareholders.
Is that an FFP/SCMP/BDSM thing?
Edit: I remember having this conversation before, did we get to the bottom of what constitutes the "football ground complex" (i.e. does it have to be in the bowl or can it be an attached building)
academy fees for higgs trust?Probably - plus maybe some offices?
Does anyone know how much the club paid to Northampton to get out of Sixfields?
Thank you, G. If the Sisu managed funds were transferred to Sconset, I assume that all the ire directed at Sisu should really be aimed at Sconset. Where does JS come into this now? Is she the head honcho of Sconset?
So, what do we do? Surely it'd take decades for a return on investment on a stadium?
Yes, it's a FFP thing.
I think we need to ask a lawyer for an exact definition.
I'd say a candid discussion with Wasps would soon find if any common ground existed. If CCFC move from the Ricoh, then there's no rental or match-day incomes to argue over. As such, rather than run the risk of losing this income; Wasps could be susceptible to a deal including revenues, or revenue sharing for football-related fare.
If I were Fisher; by now, I'd have started that dialogue. Then either two things happen. A deal is agreed and the club is in a better place. Or Wasps refuse, at which point we have a stance we can all debate. Personally, I think it would be poor of Wasps not to revenue share with their tenant. But it would be out there for us to consider.
Alas, I fear nothing is happening - yet again. When will SISU learn that discussions are so much better than litigation or a stand-off - as that appears to be where they are
academy fees for higgs trust?
No, it covers items that are not staff cost - like rent, phone bill, auditors, depreciation to name a few.
Its worth a discussion but I can't see Wasps handing it over. Think about how much revenue we're talking about, things like stadium naming rights would need to be included. Just can't see Wasps even considering handing a big chunk of that over. At the very least we'd be looking at 100% of revenues generated by CCFC being there, and I doubt we'd even get that and even if we did we'd still be a long way behind other clubs.
This is the kind of thing that Fisher needs to be telling us, even without a known location a lot of the detail can be shown allowing fans to take an educated stance.
I still have a feeling we might see a very cheap temporary stadium somewhere like Bermuda in the hope that Wasps can't sustain ACL and SISU can pick it up on the cheap.
I believe JS is the head of sisu - I have no idea who is what at Sconset.
Maybe a way forward is for the club to have some kind of preferential rate for renting out parts of the Ricoh, like mates rates or something, then the club could sell that on or put on their own events.
Just trying to think of things that aren't us asking for charity and don't involve a new stadium build.
Come on Godiva you're sharper than that
I think OSB at some point hinted at something similar ... that the club rented conference facilities for a period and then used it (re-sold) it for events. That could actually be a way to increase the SCMP/FFP budget and make a small profit.
With Wasps being a loss making co. I can't seem them giving up any significant revenue to CCFC, can you? After all they have a massive loan to pay off.
Agreed. Some kind of evidence of the business case for a new ground would put a lot of minds at rest.
higher turnover may mean lower levels of losses but debt would still increase. You are of course assuming we will still be pulling in 7000 fans next year. If not turnover will fall so losses may increase unless you cut the playing budget but as we have seen this year smaller playing budget tends to lead to worse team and lower crowds. Investment in the team is required at some stage to turn this around. If we get relegated how many do you think how many people might turn up for Barnet on a Wednesday night.thats because you are bias though don. i am just calling it as i see it, i am no accountant so prob have it all wrong of course.
more turnover
less lossWA
should = profit moving forwards
as for debt seems thats not one i can tackle, leave it to the matheletes on here
It would!
I know they can't (won't) reveal their numbers to the general public, but if only they had a working and trusting relationship with the Trust leadership they could show it to them (after signing a NDA). The Trust could then make a statement that the numbers add up or don't add up. That would be good enough for me.
it's like les reid not properly quoting the Wasps quote about being "high risk of going bust" actually it was about their ground situation in Wycombe and was "if we stay as we are, losing 3 million a year . outcome high risk of going bust". so they reacted positively to the situation and changed their circumstances.Aw come on; let's stop pointing to these old accounts to point to Wasps being loss-making. They have a profound change in their business; and it's much more accurate to say they they were loss-making, and now we don't know. As opposed to talking them down as loss-making in the current. They took more in F&B's at the Leinster game than they did in the whole of last season. Let's see how that - and other revenues - pan out in newer accounts before we continually dismiss their finances
it's like les reid not properly quoting the Wasps quote about being "high risk of going bust" actually it was about their ground situation in Wycombe and was "if we stay as we are, losing 3 million a year . outcome high risk of going bust". so they reacted positively to the situation and changed their circumstances.
so sisu try and do a deal with Wasps or get on with building a new stadium. don't sit on your arses waiting for hypothetical situations that may never happen.
Oh dear, back to Northampton when they piss the Wasps off...
No the credit rating at company house shows wasps holdings at the same risk rating as Otium - unless you are saying les Reid writes for company house? Negative equity is £22 million now isn't it?
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