It is, but then the £100.000 p/a rent we returned on has a hint of sweetness about it, what wouldI think its a fairly solid assumption, and one that OSB has also made.
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Its safe to say that even now with a different approach(as Nick has often pointed out) so much more could be achieved.It is, but then the £100.000 p/a rent we returned on has a hint of sweetness about it, what would
Be the going rate to rent such a stadium with some access to revenues.
We maybe should have taken advantage of the low rent we were paying by doing our upmost to
Attract more customers and thereby maximise profits.
Who might possibly stand to benefit if the CCFC corporate offering is seen to be deteriorating?At the moment 'it would seem" we can't sell enough to make it worthwhile switching on the oven.
But people who go corporate and come on here have said how there's hardly anyoneWho might possibly stand to benefit if the CCFC corporate offering is seen to be deteriorating?
the club used to get 900 spaces as part of the lease & licence.
What I was told was the total cost of being at the Ricoh ran at around 300k
We do not actually know that ACL are selling at a profit not a straight recharge. Its just a reasonable assumption.
If we owned the stadium the incomes would be more but so to the running costs, because it would be 365 days and being L1 would not cover it. Every one merrily points finger at the Wasps losses it would currently be different for CCFC because?
I think that the relationship between the current CCFC and Wasps is beginning to fail and CCFC are not very high up the priorities list for Wasps, financially or otherwise
Everything they do, every decision they make, makes it more and more difficult For me not too believeIf Wasps/ACL % turnover from CCFC is so small and shrinking then all Fisher is doing is making the club less important to everyone and anyone,
its almost like SISU have a death wish, they're so bloody incompetent its criminal.
But I just don't buy the idea that they're happy to sit on us for ever, break even or not, it makesWhen they were loosing say £5M a year they could look at it and say 'If we just go we will save ourselves a loss of £5M every year'.
But now we are breaking even there is no such pressure.
Trouble is that to break even on a falling customer base (fans) you need to cut costs and that means players.
As we see, the drop in players/quality means we just get lower and lower in the league and loose more and more customers.
From TF point of view he just reports back to Sisu that its all going to plan and costing them nothing.
The question to ask him is 'How does CCFC reach the top of the market so they will sell?'
But I just don't buy the idea that they're happy to sit on us for ever, break even or not, it makes
No sense at all and goes against the ideology of a hedge fund.
That makes perfect sense Clint, the trouble I have with it however, there isn't anythingbut doesn't turning round to your investors and saying we've made a right mess of this. we're going to write off x amount of millions also go against the grain.
Especially when it's a long established football club which will generate untold bad publicity.
Even if they gave the club away with the caveat of say, a 5 million lump sum on reaching the premiership and a million a year for the next 3 years if we survive in there, wouldn't that be better and give them some chance of a return?
That makes perfect sense Clint, the trouble I have with it however, there isn't anything
They do that makes sense to me.
I'm really not so sure, they seem to try and push the fans away at every turn, almost as thoughI agree that trying to second guess them is pretty much impossible. I honestly think that other than breaking even, they don't have any sort of plan whatsoever.
I have been thinking a lot about this. If you step back a bit from the details, it is clearly madness for the Club to think about playing anywhere else but The Ricoh. TF has talked about the need for us to own our own stadium but, as I understand it, he is suggesting we start somewhere small. Building our own small stadium is an ideal way to cement ourselves as a small club - even in the off chance that it might happen. No; there is a stadium in the city fit for a Premiership side and that's where we should be aiming. If that were the position, it would be win-win for Cov and Wasps. Our problem is having to pay to use the stadium, but Wasps will have an empty stadium and no money at all if we don't use it. Coming to an equitable split on the appropriate payment should not be beyond the wit of man. A sensible negotiator would try to agree something which would flex as Cov climbed the leagues. Once we get back to the Prem, there are riches to be had, and we should be prepared to share a fair part of those with the Stadium owners when we get there. In the meantime, it should be in Wasps' interests to help us get there, or at least to start moving up, and increasing the crowds...
...the problem I think, is that Sisu don't do things like that - building bridges, identifying synergies - their game is hard ball, court actions, barrels and people over them, and the trouble is this game hasn't worked at all for them: many court cases lost, the Council beating them at their own game by jumping in as lender, and tucking them up by selling to Wasps...
There should be no reason why a sensible deal cannot be done in relation to the Stadium and anyone who wants to take this club forward (and make some money, if that's what they want) is going to have to do that.
that's a good post, and as much as it pains me that wasps are here I think co-operation between them and CCFC, (no matter who the owners are), is the only way forward.
But a potential stumbling block on a flexible rental agreement based on league position maybe if wasps ask how sisu how they intend to propel the club into the Championship and then Premiership, because at the moment we're a million miles away from doing it.
If Wasps/ACL % turnover from CCFC is so small and shrinking then all Fisher is doing is making the club less important to everyone and anyone,
its almost like SISU have a death wish, they're so bloody incompetent its criminal.
We're also nearer to league 2 than the PL. The likelihood of getting back to the PL are slim, look at the likes of forest, leeds, etc. Wasps need cash now, whilst they will no doubt want to build in sliding rent scales, I don't think they will be considering giving us favours in order to reap rewards in 10-15-20 years time or potentially never.Would that not present a huge stumbling block in ever getting SISU out? On top of everything else you'd now be telling a prospective owner if they pumped in money and got us to the PL Wasps would be the beneficiaries.
Would that not present a huge stumbling block in ever getting SISU out? On top of everything else you'd now be telling a prospective owner if they pumped in money and got us to the PL Wasps would be the beneficiaries.
Not quite the same position there are now new factors in place, but the option are similar.Deal is up soon isn't it? We ain't going to get to the Prem before then.
Which puts any new owner in the same position as Sisu 4 years ago, they can try and sweet talk a better deal, put up the cash for a new ground, or lump it (or move us to Northampton in a naive attempt to bully organisations several times their size).
Not quite the same position there are now new factors in place, but the option are similar.
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Would that not present a huge stumbling block in ever getting SISU out? On top of everything else you'd now be telling a prospective owner if they pumped in money and got us to the PL Wasps would be the beneficiaries.
Very true on both counts.Different people to negotiate with different needs sure.
Let's be honest here, there's no deal that will make sense to house a team with sub 10k attendances in a 32k seater stadium.
Different people to negotiate with different needs sure.
Let's be honest here, there's no deal that will make sense to house a team with sub 10k attendances in a 32k seater stadium.
Different people to negotiate with different needs sure.
Let's be honest here, there's no deal that will make sense to house a team with sub 10k attendances in a 32k seater stadium.
Again, I don't see why - what's the alternative for Wasps - get nothing. What's the alternative for us - build a stadium for 10K people - great. It's doable. I think Sisu just don't know how to do these sorts of deals. They are used to telling people what to do, not cooperating with them.
fill the stadium. Easy to say I know, but it's the one big income stream we have available yet currently it's not being exploited.
I'd love to be away from the Ricoh, away from wasps, but let's be honest, it's not going to happen any time soon.
We need to start making the best of what we've got if we're going to get out of this mess.
Yep, also if we're forced to move out and go to sixfields they could blame it on Sisu, and mop up some more fans or casuals attending more wasps games. That would probably bring in more money than the current £100k pa rent, plus they would get an even bigger share of corporate and potential sponsors. You've only got to see how sponsors dropped us like a stone on moving to sixfields, wasps will just hoover them up.Get nothing and pay nothing though. If it costs more to open up and/or they lose their own money if their games are on Sundays (I have no idea if this is true, don't know the first thing about rugby). It may literally cost more to open than it's worth for us to play there. That seems to be the message coming from all sides the last few years.
Likewise full boycott.There's a hole in my bucket.
"Fill the ground" is as much a solution as "win the lottery". i.e. not a serious option.
Get nothing and pay nothing though. If it costs more to open up and/or they lose their own money if their games are on Sundays (I have no idea if this is true, don't know the first thing about rugby). It may literally cost more to open than it's worth for us to play there. That seems to be the message coming from all sides the last few years.
There's a hole in my bucket.
"Fill the ground" is as much a solution as "win the lottery". i.e. not a serious option.
Don't say that about my early retirement strategy! :emoji_sob:There's a hole in my bucket.
"Fill the ground" is as much a solution as "win the lottery". i.e. not a serious option.
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