Nick
Administrator
"who would have just got loads of debt against the community asset"
Don't forget " I'm so glad they didn't sell the Ricoh to a hedge fund"
On top of the other recently published article about Wasps fans pining for our return and the clever bit bit of anti Sisu spin, brought a tear to my eye. Interesting that the redundancy article mentions a loss of £5.1m in revenue which more or less what Wasps are recieving to carry out the "refurb"
To be fair, any 'refurb' or updating of facilities will cost money so the 'good' news for us is that although they're getting nigh on £5m, nigh on £5m won't cover their losses nor will it put a dent in the bond repayments they have to make.
If they are cutting 20 jobs. They can’t have many Ricoh based staff left.
How much more will it make the Ricoh worth for Wasps to re-finance against?
How much more will it make the Ricoh worth for Wasps to re-finance against?
Yeah, get that, but from what I can see from the planning and what I know of what they owe/their debt, it's not going to make a massive difference.
If the Ricoh was a stadium only (like St Marys) and they were bolting on the exhibition hall, casino and adding a hotel, that would be different.
Adding a glorified conservatory, lick of paint and maybe some new technology won't make that much of a difference though.
Which makes you wonder, why are they being given over £5m for just that when they only paid just under 6 for the lot?
Good question about the business case. I assume there's an organising committee for the games, a bit like LOCOG for 2012. In Wasps defence (can't believe I've just typed that but in the interests of impartiality), they could've said 'right, we'll give you Judo etc but the facilities need to be better...we'll help submit a bid for some cash and reckon you'll need £xm to get it up to scratch'. Maybe, maybe not...who knows.
A lot of companies are acting like the rules suddenly don’t apply due to coronavirus. It’s blatant these positions will be required when lockdown ends.
You can be certain the hope is they don’t find another job, which let’s face It is a reasonable assumption at the moment, and will then come back when asked. Wouldn’t be a surprise if pay and conditions are worse when the ‘new’ position is offered to them.
I thought the councillors were voted in by the people and acted on behalf of the people - I very much doubt if the people of Coventry held a vote on this matter that they would agree to spend more money on a building that many of them currently would not set foot inHere we go....
That is the concerning bit, right?! It does seem a lot of money for what they want to do.
Who will that money go to...ACL I assume? Or will it go into Wasps bank account and they then use it to get the work done. It would be interesting to see once it's all done, how much the work actually cost.
2020: 'Hey Wasps, here's £5m to build your conservatory and buy some new Dulux paint'.
2022: Hey Wasps, we can see that you've spend £3m on the greenhouse and Summer Sunlight Yellow/Space Black paint. Where's the other circa £2m?'
And seemingly bondholders are happier as £2m has gone on repayments.
Not saying that's going to happen but........................
But it does happen
Millions spent Northampton Town missing £10m probe - BBC News
Police are investigating a failed council loan to Northampton Town under its previous owners.www.google.com
Changes at the top again. What’s this now, the third or fourth time they’ve made changes at the management / executive level to try and get them out of the shit?
For lying about their book-keeping?
For lying on their planning application for training ground?
For lying in their public statements?
For lying about the indemnity?
Or is it just their finances?
Although they had and still have Eastwood with Vaughan above... who was an addition about a year or so ago I think??Changes at the top again. What’s this now, the third or fourth time they’ve made changes at the management / executive level to try and get them out of the shit?
LovelyThis is infuriating
The only plus I can see is that more and more people are turning against wasps in this city
Their attendances coukd fall to 2-3k perhaps
Are you thinking of Stuart Cain? Joined Wasps as Commercial Director in Sep 2017, made Chief Exec in one of their other rounds of changes at the top in Aug 2019 and left in May.Although they had and still have Eastwood with Vaughan above... who was an addition about a year or so ago I think??
Wonder who it will be on their bike?
My money on Eastwood....
Who will they get to lie on camera now??
Was going to mention this. Cardoza’s house still isn’t finished. No work on it for a few years now!But it does happen
Millions spent Northampton Town missing £10m probe - BBC News
Police are investigating a failed council loan to Northampton Town under its previous owners.www.google.com
Knew Cain had gone.Are you thinking of Stuart Cain? Joined Wasps as Commercial Director in Sep 2017, made Chief Exec in one of their other rounds of changes at the top in Aug 2019 and left in May.
Was going to mention this. Cardoza’s house still isn’t finished. No work on it for a few years now!
Although they had and still have Eastwood with Vaughan above... who was an addition about a year or so ago I think??
Wonder who it will be on their bike?
My money on Eastwood....
Who will they get to lie on camera now??
You'll hurt Mary Mungo Midge saying that. Eastwood is the bestest in the world, he knows what he's doingEastwood was effectively put out to grass sometime ago - following the accounts fiasco
You'll hurt Mary Mungo Midge saying that. Eastwood is the bestest in the world, he knows what he's doing
You'll hurt Mary Mungo Midge saying that. Eastwood is the bestest in the world, he knows what he's doing
Lots and lots of freebies from Wasps to various members of CCC going back years.I know this guy has a chip on shoulder and most of this is in public domain but realy. Tickets tot he Rolling Stones to apparently discuses European city of culture. rugby world cup with wasps and partners in an informal setting...........
Lots and lots of freebies from Wasps to various members of CCC going back years.
But we knew this already didn't we!!???
Council officials have received a decent amount of hospitality from CCFC over the years too. Obv not recently with the animosity but stories i've heard of how much club money was spent on entertaining public officials back in the day from people who saw them happen. They reckon over the course of a season we could've bought another player with the funds used to entertain these people.
Are you suggesting that some of the CCC crew may have had some "treats" from Uncle Derek?Malta is nice at this time of the year
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