Grendel
Well-Known Member
If anyone thinks the football club are in a strong bargaining position regarding a new agreement they are seriously deluded.
At present our contribution to revenue for wasps is very small and the total contribution to EBIT even worse given the catering deal.
There is little benefit to the club being there.
We will have primacy over fixtures still and represent their only threat to the customer base and potential customer base.
It is a unique arrangement - the club with largest potential earnings being the tenant and the club at its maximum the owner.
Naming rights is a other thing. It's going to be irrelevant anyway I would think as surely even wasps will get a sponsor in two years but even if they didn't then why would they share any potential earnings. A premier league club typically attracts between £0.6m to £2m a year. If they can receive that why would they share it? Same for advertising and the same for parking and the same for non match day events. Whatever the draw of it's respective tenants ACL will always be the beneficiary.
We will be saddled with a higher rent and no further benefits. A nightmare scenario.
The nightmare gets bleaker when you look at the time scale. The club has only 2 years left, no new ground by then. So wasps can sharpen their pencils and offer a take it or leave it deal in the grand way their ACL forefathers did.
There is no way forward and the club if it signed the arrangement would then be unsalable. No assets and if promoted no commercial benefits every other club would receive. Sisu forever then.
Turn this round. If sisu were running wasps what would they do to someone in our position. Make no mistake wasps are sisu magnified a thousand times. Ruthless and purely interested on their mission statement.
Those who believe we have any future at the Ricoh are truly clutching at straws and yes we are still drowning.
At present our contribution to revenue for wasps is very small and the total contribution to EBIT even worse given the catering deal.
There is little benefit to the club being there.
We will have primacy over fixtures still and represent their only threat to the customer base and potential customer base.
It is a unique arrangement - the club with largest potential earnings being the tenant and the club at its maximum the owner.
Naming rights is a other thing. It's going to be irrelevant anyway I would think as surely even wasps will get a sponsor in two years but even if they didn't then why would they share any potential earnings. A premier league club typically attracts between £0.6m to £2m a year. If they can receive that why would they share it? Same for advertising and the same for parking and the same for non match day events. Whatever the draw of it's respective tenants ACL will always be the beneficiary.
We will be saddled with a higher rent and no further benefits. A nightmare scenario.
The nightmare gets bleaker when you look at the time scale. The club has only 2 years left, no new ground by then. So wasps can sharpen their pencils and offer a take it or leave it deal in the grand way their ACL forefathers did.
There is no way forward and the club if it signed the arrangement would then be unsalable. No assets and if promoted no commercial benefits every other club would receive. Sisu forever then.
Turn this round. If sisu were running wasps what would they do to someone in our position. Make no mistake wasps are sisu magnified a thousand times. Ruthless and purely interested on their mission statement.
Those who believe we have any future at the Ricoh are truly clutching at straws and yes we are still drowning.