Noggin, if you'd be willing to put money into the Wasps/ACL deal then I'd say you'd got a bigger appetite for risk than you realise.
I'm talking equity here, Noggin, equity! A rising tide lifts all boats etc. - I'll stick our pitch on YouTube for you.
Don't know to be honest Torch. I seem to remember he said it was over a shorter period but I thought he was quoted as saying that CCC had written off £1m of the loan which is very different to Wasps paying off £1m up front
You're sounding like one of those Nigerian emails now duffer
Noggin, if you'd be willing to put money into the Wasps/ACL deal then I'd say you'd got a bigger appetite for risk than you realise.
Thats £187 per person if she said wasps would bring 6mill a game she was clearly talking nonsense.
Can't remember all the details myself. I remember his saying £13.4 million and 20 year term. So hardly, new and exclusive from t he CT.
I'll see if the original tweet is still on twitter.
It's actually £214, as there were only 22k at that match.
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I wouldn't disagree with that. £6m per game is preposterous. I know the Leicester game is moving towards sell-out. If - big if - but if the Toulon game was at The Ricoh, it'd sell-out twice over. Saracens will be well-populated, as will Harlequins. The interesting season will be next season. Which new players Wasps can attract - bearing in mind much business is already done - with their new financial landscape, and how may fans continue to go, with the attractiveness of novelty gone. One thing is for sure, it won't be £6m per game
Would it really sell out twice over?
The Leinster game was described as a champions league match vs Real Madrid in a winner takes all scenario and an expected sell out by a Wasps fans on here and it was nowhere close to a sell out even with a fairly big Irish following.
no paying the lease premium removed all rental obligations. that was in some council minutes i found years ago.
Interesting, never knew that
I suspect Wasps will be relying on CCFC and its supporters to subsidise them and many of our fans will be happy about it.
Thats £187 per person if she said wasps would bring 6mill a game she was clearly talking nonsense.
You are forgetting the multiplier effect again.
When someone says a match brought 6 million into the local economy they don't mean every fan combined spent 6 million in total
And through the multiplier effect our game against rochdale on Saturday brought in c£1.7m.
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Well, twice-over would, perhaps be a bit of poetic license; but Toulon are like the Harlem Globetrotters of world rugby. They truly are the Real Madrid. I've stated I'll not watch Wasps at the Ricoh, but I'd be sorely tempted at the prospect of seeing Toulon. I'd hold-out, but temptation would be sitting on my right shoulder!
Don't think so. Wasps attendances since they arrive 28k, 15k, 23k, 9k up from there average of about 6k, add onto that all the revenue take from the football there is no doubt that the club and the people of Coventry are subsidising what was a declining Rugby club. To make out its the Rugby club who are finanically supporting the football side is something only you could come up with.I think it's the other way round at the moment with a rent of £100K a year and access to some revenues.
It's a ticking time bomb for us if we don't get the crowds back.
The wasps game at the Ricoh
Excuse my lack of knowledge but it didn't really interest me.
Who were they playing?
Where did the fans travel from?
Would many of them needed to use the local hotels?
Was it quite a one off match special occasion where some would have made a night of it?
Meal, shopping the following day or the day itself. Visit the Cathedral.
Would it have brought people in selling Merchandise
Was it on television anywhere, did it bring in reporters camera crews ect
Where did they stay.
What did these people spend their money on? What happened to that money that they spent?
Did people sell car parking spaces?
What did they do with that money?
Did the local pubs restaurants ect put on extra staff for the night?
What did they do with the extra money they earn that night.
Did they spend it in a local shop or a local pub?
Was all of the above the same for Coventry Rochdale?
The interesting season will be next season. Which new players Wasps can attract - bearing in mind much business is already done - with their new financial landscape, and how may fans continue to go, with the attractiveness of novelty gone.
Seriously, faced with an empty pitch, what else would you expect them to do? :facepalm:
Just a couple of thoughts
Could the interest rate be higher to encourage Wasps to finance it elsewhere. At the moment because they do not have good financials and the risk is raised by the change of location that might not be possible. But if they get decent financials for a couple of years you may find they refinance it at that point.
How did Wasps raise the 5.54m in the first place?
There is no cast iron risk free investment. Look at the Councils that invested through Icelandic banks for example. What this does do is to put 19m income in to the council budget to spend in the City over the next 20 years with the caveat that Wasps have to be able to pay it of course. That's an improvement on what was certainly if it comes off.
Does it change the JR cases? I wouldn't think it has any impact on the first case because the judge is only going to look at the information, decisions and actions that took place January 2013. The second case I would think will revolve around whether it is a new loan to ACL (yes ACL not Wasps because that is where the legal agreement is and the charge that secures it) or whether it is just a restructuring of the original loan and that the original loan still remains. One thing that must be the case is that ACL now owes Wasps £1m for the payment made off the loan October 2014
I'm curious are rugby fans as fickle as football fans?
but isn't the difference are playing the top sides domestically and from europe regularly?
Unless those watching initially have all been attending either CRFC (charitably, let's include them), or Wasps at Wycombe, then the change in gates suggests an unequivocal yes.
It's not like Coventry hasn't offered the opportunity to watch a Rugby team with a proud heritage and tradition, after all. It's also been a team that may have hit hard times over the past 25 years, but has still had the occasional moment in the sun.
Their moment In the Sun appears to have been getting rid of two appalling owners
Now comes the resurgence
I'm assured they as fans were as divided as us until this change
I can smell that synergy and await our owners removal or acceptance of utter failure and no other escape
All I would say on this is that the Ricoh hasn't anything near the same "cosy feel" that MK Don's stadium does.It looks shabby there is a lot of rust and is still unfinished in places like as you come up the steps from the a444 mud with weeds growing through and there has been a leak on the front that has been there since it opened (used to drive me mad but now I don't care). Inside it was finished on the cheap so is freezing cold and now all these awful looking signs are appearing trying to some how justify the egg chasers being there. Having said all of this I would be happy if it was ours (not Sisu's).
The wasps game at the Ricoh
Excuse my lack of knowledge but it didn't really interest me.
Who were they playing?
Where did the fans travel from?
Would many of them needed to use the local hotels?
Was it quite a one off match special occasion where some would have made a night of it?
Meal, shopping the following day or the day itself. Visit the Cathedral.
Would it have brought people in selling Merchandise
Was it on television anywhere, did it bring in reporters camera crews ect
Where did they stay.
What did these people spend their money on? What happened to that money that they spent?
Did people sell car parking spaces?
What did they do with that money?
Did the local pubs restaurants ect put on extra staff for the night?
What did they do with the extra money they earn that night.
Did they spend it in a local shop or a local pub?
Was all of the above the same for Coventry Rochdale?
I'm curious are rugby fans as fickle as football fans? as a lot of these people attending the wasps games are rugby (rather than wasps ) fans would a run of poor results change the crowds drastically?
Ironically they played Northampton........I'm not convinced either them nor those from London would have stayed in numbers in hotels, bars, down the colly, etc. Nowhere near £6m.
http://news.bbc.co.uk/sport1/hi/rugby_union/6577065.stm
And actually as wasps become embedded in the area, it will be no different to us - relative local supporters, a few driving up and a few away fans.
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