mmttww
Well-Known Member
This (This).
This. Aside from anything else I want us to stand on our own two feet not be some sad twisted entity hanging on for someone else’s failure. People seem obsessed with tying our future to Wasps. The opposite of love isn’t hate guys, it’s indifference.
Revenues from. F and B would be higher if a large percentage was not going to Franchisees linked to retail loans
Yeah this. Grendel is both right and wrong.
Generally within the hospitality industry, profit margins on F+B are usually on the generous side. In this scenario, I guess it depends on how much of the profit is siphoned of to Compass or what that agreement looks like (or whoever the catering providers are). If you bring it in house, your costs will naturally go up but the % profit margin will also increase.
The net profit to the whole group in the accounts has been consistently around 10% of revenue
The net profit to the whole group in the accounts has been consistently around 10% of revenue
Realistically what can he do to prevent it happening past pumping more of his own money in? The potential issue is that according to national media reports pre-covid their owner was reaching the limit of what he could put into Wasps. If there's now an additional half a mill a month losses to fund, as other Premiership clubs have suggested, how long can he sustain that?Big business is harsh to say the least I’m not really interested in Wasps, what they do or how they do it I’m just pointing out to some on here who might think Wasps possible demise doesn’t necessarily mean the Ricoh Arena is up for grabs I’m certain things will be in place to prevent that from happening, possibly all ready is.
Yeah this. Grendel is both right and wrong.
Generally within the hospitality industry, profit margins on F+B are usually on the generous side. In this scenario, I guess it depends on how much of the profit is siphoned of to Compass or what that agreement looks like (or whoever the catering providers are). If you bring it in house, your costs will naturally go up but the % profit margin will also increase.
I think SISU were on the right track when they tried to get AEG involved. Personally I think if the Ricoh is going to end up a success, and we're nearing a point where the Ricoh will be of an age that it won't be a new and modern facility much longer so it needs to happen sooner rather than later, the best option is to have an organisation like AEG take ownership with the events side as their primary focus and then have CCFC, and probably at this point Wasps, as tenants both on deals that work for the respective clubs.And do what with them?
They would still be having to deal with the Council. I cannot see that ever working!
I think SISU were on the right track when they tried to get AEG involved. Personally I think if the Ricoh is going to end up a success, and we're nearing a point where the Ricoh will be of an age that it won't be a new and modern facility much longer so it needs to happen sooner rather than later, the best option is to have an organisation like AEG take ownership with the events side as their primary focus and then have CCFC, and probably at this point Wasps, as tenants both on deals that work for the respective clubs.
The sad part is, with AEG in particular, if the council had looked to sell to someone like them rather than Wasps looking at their track record the venue would have a full diary and I would say there's an above 50/50 chance that rather than ship Wasps in they would have put some money into getting CRFC into the Premiership.
It depends on how they treat the contribution to the franchisor. Effectively they receive what is tantamount to a loan but "repaid" as a percentage of turnover. So WASPS figure of "profit " is after deducting thus element - it is not the usual measurement of profit
Eakin wouldn’t know though but it makes a good story that Sisu chose to play away
The real issue is the amount of potential revenue the club can gain from it.
Didn't we have an arrangement previously where we were paid profits from parking, corporate and matchday F and B and it came to £72,000? This I think was a turnover of something like £450K. The interesting thing here is the club opted profit over revenue and paying associated costs. If revenue was so important why?
Even if we achieved a 20% margin (ambitious in my view) what would that get us? Luton as an example had £1.2m revenue in a season. We therefore at best can hope for £240,000 profit - is this worth a £40 - £60m investment in a stadium that offers less potential for these revenues anyway?
He might not know but I would guess he'd have an idea what we are paying at Birmingham. No one will really know what proposal would have been at the Ricoh but its pretty obvious the Ricoh would have yielded a better net return off the rental cost.
Another thing to take into account is Wasp main man Richardson is a successful multi-millionaire and he isn’t going to just sit back and allow an asset such as the Ricoh become available for a company such as sisu to just move in and nick it, steps will be taken long before to prevent that.
The net profit to the whole group in the accounts has been consistently around 10% of revenue
If CCFC and Wasps were part of the same group, wonder how many would then follow Wasps...If wasps are distressed could sisu be interested in acquiring a distressed wasps?
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If they see potential in the Ricoh as a whole business as opposed to just the rugby side of things to generate incomeAnd do what with them?
They would still be having to deal with the Council. I cannot see that ever working!
If they changed to sky blue shirts you might get a fewIf CCFC and Wasps were part of the same group, wonder how many would then follow Wasps...
If CCFC and Wasps were part of the same group, wonder how many would then follow Wasps...
Tbf, you're quite right re. Yorkshire puds as a sweet treat.On a slight tangent to the weetabix preference, I grew up as having yorkshire puddings as part of Sunday dinner much like the rest of you, but we had them as a desert with golden syrup. To me this was quite normal up until i had dinner at a friends house and seen them on the same plate as the roast! ..with gravy poured over them! I was absolutely fucking horrified, it was like putting a slice of battenberg or a french fancy on your roast dinner and pouring gravy on it.
I've never met anyone else that eats yorkshire pudding this way and now blame it on my mother, she is from Leicester and they are a weird bunch.
My Auntie was born with two thumbs on one hand thereby proving that they are six-fingered. I am not inbred and sometimes still eat yorkshire puddings with golden syrup, i suggest you try it.
Pre covid yep, post covid not so sure. I don’t disagree that with fans in financially the Ricoh had to be betterHe might not know but I would guess he'd have an idea what we are paying at Birmingham. No one will really know what proposal would have been at the Ricoh but its pretty obvious the Ricoh would have yielded a better net return off the rental cost.
Isn't that what Hoffman tried to do with his last "takeover" bid
Tbf, you're quite right re. Yorkshire puds as a sweet treat.
My Grandma and mum used to eat it with jam and being from up north, it was not unusual and quite the delicacy!
i was thinking more SISU potentially buying a distressed Wasps...Yep, tried to have Wasps involved to takeover CCFC. Thankfully Overson washed his hands with the consortium as a result & chose to invest personally instead which has definitely worked out well for us.
Baffling that some still see Hoffman as a white knight.
But things are going so well at the Premier League since he took over in June. Not like the league is on the verge of collapse with the big 6 threatening to leave or anything.Baffling that some still see Hoffman as a white knight.
But things are going so well at the Premier League since he took over in June. Not like the league is on the verge of collapse with the big 6 threatening to leave or anything.
Rumours, which Parry wouldn't dismiss, that if the big 6 don't get their way they will leave the PL and join the EFL. Don't think that would leave the Prem in a very healthy position.Also, I wouldn't say that the big 6 are threatening to leave or the EPL is on verge of collapse.
Yep, tried to have Wasps involved to takeover CCFC. Thankfully Overson washed his hands with the consortium as a result & chose to invest personally instead which has definitely worked out well for us.
Baffling that some still see Hoffman as a white knight.
I think you’ll find friend that you have 3 eggs and saltI don't find it weird, a yorkshire pudding is only a pancake cooked in the oven after all.
I seem to be enjoying the Yorkshire pudding and pancake thread far more than the football one!
The super league won’t happen. Short term it will be great - but long term there will be 18/20 teams used to winning not winning anything for a significant period.I’m amazed there isnt a European super league in 2020.
Really thought that would have happened by now.
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