A Club, its Fans, a Ground and New Owner. (1 Viewer)

[SBT]

I'd prefer we build a new ground with a 10k capacity for Wasps to play in. Warwick Uni fits in with their demographic and we could take ownership of the remaining 240 or so years lease.

Why would Wasps ever agree to this?

 

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[clint van damme]

Why would Wasps ever agree to this?

You're on q forum where there's a thread with people talking about signing Nkietia from Arsenal.

 

[Gynnsthetonic]

Surely if Wasps were to move it would be out of Coventry and nearer London

 

[Grendel]

Surely if Wasps were to move it would be out of Coventry and nearer London

How can they move anywhere?

 

[Grendel]

You're on q forum where there's a thread with people talking about signing Nkietia from Arsenal.

Let’s be honest even if we take Boddy at his word and a stadium will be built by 2032 the cost of construction would be going up to £100m

If Sisu can raise these funds for a construction project then the obvious tactic would be to make an offer to Richardson for shares of the leasehold of the Arena. An above offer on valuation would still be significantly less than a build project

 

[Gynnsthetonic]

How can they move anywhere?

Sell the lease and move on elsewhere to a more suitable location or just disband

 

[Grendel]

Sell the lease and move on elsewhere to a more suitable location or just disband

They won’t sell the lease as no one will buy it and the crowd as a percentage of turnover is never going to be their biggest problem - moving to London wlukd Be expensive.

Our rent to them must be over £1m a year alone - that’s a lot of revenue

 

[Deleted member 5849]

Let’s be honest even if we take Boddy at his word and a stadium will be built by 2032 the cost of construction would be going up to £100m

If Sisu can raise these funds for a construction project then the obvious tactic would be to make an offer to Richardson for shares of the leasehold of the Arena. An above offer on valuation would still be significantly less than a build project

The rationale behind a new ground did kind of make sense when they mooted it back in, what, 2013?

If I had any faith they'd do it I'd get behind it but yeah, we got more last time with the cartoon picture of a bedsheet over a pitch, didn't we. Nine years of planning to get to a stage of some fudged words of maybe suggests the timescale to actually build it is closer to 100 years than 10!

 

[Grendel]

The rationale behind a new ground did kind of make sense when they mooted it back in, what, 2013?

If I had any faith they'd do it I'd get behind it but yeah, we got more last time with the cartoon picture of a bedsheet over a pitch, didn't we. Nine years of planning to get to a stage of some fudged words of maybe suggests the timescale to actually build it is closer to 100 years than 10!

i don’t even know how he has the gall to still make the claim

 

[Deleted member 5849]

i don’t even know how he has the gall to still make the claim

The worst thing is, SISU have ruined any future owners' ability to build a new ground, as no bugger'd believe them even if they were deadly serious!

 

[Flying Fokker]

Why would Wasps ever agree to this?

Nobody said they would. But given that they have a poor fan base they are rattling around in the CBA.

I suppose none of it matters as both sets of owners are pretty good at moving their fanbase around. However, i'm against Warwick Uni. A bit nearer to their training ground as well.

 

[SBT]

Nobody said they would. But given that they have a poor fan base they are rattling around in the CBA.

I suppose none of it matters as both sets of owners are pretty good at moving their fanbase around. However, i'm against Warwick Uni. A bit nearer to their training ground as well.

Surely Wasps can only hope to make money from renting to us, or staging other events at the CBS. Not sure why they would trade that for a smaller stadium at Warwick Uni (which they still wouldn’t fill, not that it’s ever going to exist anyway).

 

[Flying Fokker]

Surely Wasps can only hope to make money from renting to us, or staging other events at the CBS. Not sure why they would trade that for a smaller stadium at Warwick Uni (which they still wouldn’t fill, not that it’s ever going to exist anyway).

Here'e hoping they go bust. SISU know a bit about stressing companies out. Wasps must have them nailed down with the contract.

 

[clint van damme]

Here'e hoping they go bust. SISU know a bit about stressing companies out. Wasps must have them nailed down with the contract.

I don't think them going bust would be good news for us.
I'm fairly sure an administrator could tear up our current rental agreement and up it but I could be wrong

 

[Flying Fokker]

I don't think them going bust would be good news for us.
I'm fairly sure an administrator could tear up our current rental agreement and up it but I could be wrong

Surely not, we're the only show in town?.....

 

[Sky Blue Pete]

Well that’s the issue especially as Boddy has admitted unless we can negotiate a lease extension with Wasps we are homeless in 7 seasons

If my mum had wheels she’d have been a bike

 

[Sky Blue Pete]

Well that’s the issue especially as Boddy has admitted unless we can negotiate a lease extension with Wasps we are homeless in 7 seasons

When was this said? Or are you extrapolating this from him saying it takes 10 years?? The deal was 10 with a mutual break point after 7

 

[Sky Blue Pete]

They won’t sell the lease as no one will buy it and the crowd as a percentage of turnover is never going to be their biggest problem - moving to London wlukd Be expensive.

Our rent to them must be over £1m a year alone - that’s a lot of revenue

Is this guesswork again? To suit your purposes and opinion

 

[Sky Blue Pete]

Not that it would necessarily mean anything especially to grendel and others like him but I’d still like the club to apologise for moving the club out of coventry and promise not to do it again

 

[Deleted member 5849]

Not that it would necessarily mean anything especially to grendel and others like him but I’d still like the club to apologise for moving the club out of coventry and promise not to do it again

And deny the chance of a hattrick?

 

[Grendel]

When was this said? Or are you extrapolating this from him saying it takes 10 years?? The deal was 10 with a mutual break point after 7

Well he says it’s 10 years before a new ground is built - how we would know as it’s not his project but my maths says our lease is now less than 10

 

[Grendel]

Is this guesswork again? To suit your purposes and opinion

Well you said wasps won’t sell the lease?

 

[Grendel]

And deny the chance of a hattrick?

A joy promise is about as worthwhile as a Putin one

 

[Sky Blue Pete]

Well he says it’s 10 years before a new ground is built - how we would know as it’s not his project but my maths says our lease is now less than 10

9 left then with a get out in 6. I do get the point that it’s not unlimited

 

[Sky Blue Pete]

Well you said wasps won’t sell the lease?

You said the rent is £1m a season. Has that been intimated or confirmed or was it a guess

 

[Sky Blue Pete]

And deny the chance of a hattrick?

Maybe just an apology then and grendel has proved it wouldn’t mean anything. I think it’s powerful to admit mistakes and make apologies

 

[Grendel]

You said the rent is £1m a season. Has that been intimated or confirmed or was it a guess

Well it’s not a guess is it. That is less than the rent paid at Birmingham. It’s not going to be a small amount is it - market value is around £50k a game

 

[Deleted member 5849]

Maybe just an apology then and grendel has proved it wouldn’t mean anything. I think it’s powerful to admit mistakes and make apologies

On a serious note they can't promise not to do it again as that makes them a hostage to fortune... or a landlord.

I'm pretty sure the best you'd get is how sorry they were that we had to move.

 

[Sky Blue Pete]

On a serious note they can't promise not to do it again as that makes them a hostage to fortune... or a landlord.

I'm pretty sure the best you'd get is how sorry they were that we had to move.

I agree. It feels a little soon to have the conversation about how precarious our position is

 

[Grendel]

I agree. It feels a little soon to have the conversation about how precarious our position is

Well I think you’d be on fantasy island to consider a new ground is a 1% chance so why aren’t the club looking to secure a much longer sub lease at the ground

 

[Sky Blue Pete]

Well I think you’d be on fantasy island to consider a new ground is a 1% chance so why aren’t the club looking to secure a much longer sub lease at the ground

Ok
Optimistic
They are genuinely looking to build a new stadium at the university site and one isn’t required - chances close to zero

Pessimistic
They are wanting to keep options open and are still, in spite of all the evidence to the contrary hoping to get ownership of the cbs, so a temporary lease is a useful thing. Chances close to zero

Realistic
The club are keeping all options open and a 10 year lease is far from temporary although not a permanent solution. For me if there’s no concrete (pun intended) progress we should be pushing for a longer term lease in a couple of years and certainly shouldn’t be running down the lease beyond 3 years to go. Most likely. The changes to inflation and properly and living costs need to be incorporated in longer term deals and I don’t know how long is possible. Which makes the 250 year lease absolutely bananas on behalf of ccc

 

[robbiekeane]

Ok
Optimistic
They are genuinely looking to build a new stadium at the university site and one isn’t required - chances close to zero

Pessimistic
They are wanting to keep options open and are still, in spite of all the evidence to the contrary hoping to get ownership of the cbs, so a temporary lease is a useful thing. Chances close to zero

Realistic
The club are keeping all options open and a 10 year lease is far from temporary although not a permanent solution. For me if there’s no concrete (pun intended) progress we should be pushing for a longer term lease in a couple of years and certainly shouldn’t be running down the lease beyond 3 years to go. Most likely. The changes to inflation and properly and living costs need to be incorporated in longer term deals and I don’t know how long is possible. Which makes the 250 year lease absolutely bananas on behalf of ccc

Most likely: the 10 year lease is kicking the can down the road cause they haven’t got a fucking clue what they’re doing

 

[Sky Blue Pete]

Most likely: the 10 year lease is kicking the can down the road cause they haven’t got a fucking clue what they’re doing

That may be the realistic opinion too