Good try but we pay way more than 100K a year and they haven't decided what the payout to the clubs will be for the sale of the shareholding and the talk at the moment is that clubs will only receive it on condition of spending on infrastructure projects. To prevent people like Wasps owner taking all the money they are owed back out and then walking away.Premiership Rugby: Minority shareholding sold to CVC Capital Partners for £200m
Doubt they need our 100k per year when they're in line for a windfall from this...
Joy will take this as a sign of weakness and ratchet up the pressure.Dont know if they particularly NEED us but listening to Eastwood this morning he is definately of the opinion we can thrive with each other. A 50/50 basis I thought he said attractive to any would be buyer.
Without paying a penny.Joy will take this as a sign of weakness and ratchet up the pressure.
I think she does not want a share she wants it all.
It doesn't even cover their debt and will be offset by a 20% annual drop in income, it isn't the big payday you think it's basically an advance on future earningsPremiership Rugby: Minority shareholding sold to CVC Capital Partners for £200m
Doubt they need our 100k per year when they're in line for a windfall from this...
Well, as w**ps aren't being sued I can't see how/why it would be costing them anything in legal fees.Is it costing Wasps in legal fees more than we are paying them? If it is why would they want us to stay?
If the legals get dropped and we stay it's double bubble for them.
And that's a bad thing?Joy will take this as a sign of weakness and ratchet up the pressure.
I think she does not want a share she wants it all.
Premiership Rugby: Minority shareholding sold to CVC Capital Partners for £200m
Doubt they need our 100k per year when they're in line for a windfall from this...
It doesn't even cover their debt and will be offset by a 20% annual drop in income, it isn't the big payday you think it's basically an advance on future earnings
Do people actually believe the club is only worth £100K a year to Wasps? There are financial contributions way beyond that.
That aside though, the simple fact is that more people will have attended the Ricoh to watch CCFC this season than Wasps. This is owing to the fact that the football club play a lot more fixtures and that the gap between the average attendances has narrowed notably this season. This will have a significant bearing on arrangements with the car park and catering operators (the value of which is huge), and that's before we get on to the value of naming rights.
Can Wasps survive without all that? Maybe, I've no idea, but to state the club is worth £100K a year is just facile.
A long term deal for CCFC to remain at the Ricoh could be worth a lot more than the match day rental fee, etc. For example: The naming rights for the stadium is bound to be worth significantly more!The 100k a year figure is played on for a reason though. It's obvious that it's a bigger picture.
The same as when people bang on about the heating costing more than 100k a year so it makes them a loss, not realising all of that is covered in the match costs anyway.
This cvc injection is a red herring too. It doesn’t cover a 3rd of their debt and will reduce future league income by 20%. Richardson is estimated to have anything up to 50% of his personal fortune tied up in them now so will soon be unable to fund them any more.
27% is the actual amount. Over a quarter of future earnings now spoken for. CVC seem to want to be getting a 20% annual ROI as well.
Picket the wasps games until the end of the season
Is it costing Wasps in legal fees more than we are paying them? If it is why would they want us to stay?
If the legals get dropped and we stay it's double bubble for them.
I wasn't aware it was that much, do you have anything to back that up? If true it's a huge loss of earnings on a gamble that they can make the sport more popular that it has ever been.27% is the actual amount. Over a quarter of future earnings now spoken for. CVC seem to want to be getting a 20% annual ROI as well.
The 12 Premiership clubs, as well as the Championship leaders London Irish, will each receive around £18m from the deal, having agreed to sell CVC a 27% stake.
If you think this is being done for the good of the football club and not for the benefit of SISU you are an idiot. It it not good for football to be infected with unscrupulous owners and it is cerantainly bad for the club to be in a state of uncertainty for what is now looking to maybe stretch out to a decade.And that's a bad thing?
People keep talking about the court cases as a bad thing. Without the court cases we (CCFC) will NEVER own the Ricoh arena nor make any revenue from it and in turn, never make enough money to ever be competitive at a level higher than we are now. With or without SISU.
As it stands, were not attractive to buyers as just a club with no assets/stadium. So, like it or not, were stuck with SISU. We acquire the stadium (or a share in it at least) we become more desirable to any would be investors/buyers.
Unless some Arab billionaire comes in for us (and their not exactly quaint up are they?!?!) and splashes the cash, our only chance of being competitive, is to make money from the Ricoh.
Ok, so SISU fuck off and sell up, for a couple of games we'd have 25k in the stadium, but after watching L1 football for a week or 2 it would soon dwindle back to the average 10k, will new owners do any better without funds? I doubt it. They might get a slightly better rent deal, but I doubt it would ever be enough.
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Only top 6/7 go into the challenge cup. London Wasps are 8th with one game left.Wasps are hanging onto the final European spot in the Gallagher Premiership.
The need for CCFC to remain at the Ricoh must only be getting bigger, as Wasps are going to be in such a perilous financial position.
Only top 6/7 go into the challenge cup. London Wasps are 8th with one game left.
Only top 6/7 go into the challenge cup. London Wasps are 8th with one game left.
IIRC, their hopes are all but gone.I thought it was top 8 for some reason, even worse for Wasps in that case.
What needs to happen in last games of season.....IIRC, their hopes are all but gone.
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