Well for a start wasps haven't got the money to gamble on getting us into the PL.I don't know. Lots of Billionaires own premier league football teams but I can't think of one who owns a premier league football team and premiership Rugby team both operating from the same first class stadium with a 200+ year lease. If Wasps did own us and were willing to invest to get us in the premier league as a package it could be very attractive to some billionaire looking for a vanity project.
True, nothing is set in stone. But now we're going from "its useless to wait for wasps to fail and move back" to "wasps will buy us get us to the PL, sell us and move back to London". That's more far fetched then the waiting for them to fail.Who knows...
Well for a start wasps haven't got the money to gamble on getting us into the PL.
I get what you're saying but I don't buy it, of it was that appealing someone would be snapping up Swansea and ospreys.
I just can't see anyone wanting to buy the 3 businesses and with thr 3 lots of joint liabilities, there are simply too many conflicting priorities.
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I think someone is trying to buy Swansea at the moment but I think Ospreys are a totally separate company though aren't they? You'll also have to excuse my ignorance but are Ospreys actually in the premier league?
People buy whole groups. Most football teams are a group of companies. How many companies made up CCFC before limited went into admin?
How do you know that?Well for a start wasps haven't got the money to gamble on getting us into the PL.
How do you know that?
It wouldn't take a lot to get us to the next level. Then our attendances would go up and we would have the match day revenues that we are repeatedly told we need.
Get the right setup and we would have a chance. Nothing is guaranteed. But you can't say no chance. It would be easier for us to get to the Prem than a team like Leicester to win it after scraping survival the season before.
Because we still wouldn't have the financial clout, our turnover in the championship as is, would be about £10.5m (including increased attendance) we can only get limited access to f&bs due to the compass contract, yes we'd get some parking. I imagine the highest our turnover would be £12-12.5m if wasps were over generous with access to revenuesHow do you know that?
It wouldn't take a lot to get us to the next level. Then our attendances would go up and we would have the match day revenues that we are repeatedly told we need.
Get the right setup and we would have a chance. Nothing is guaranteed. But you can't say no chance. It would be easier for us to get to the Prem than a team like Leicester to win it after scraping survival the season before.
How about WASPS take us over load the Wasps debt onto CCFC then put us into admin! Only joking! I thinkCalled it days ago that it could be the ownership being forced to wasps.
Obvious really.
Did you write that? Looks like a press release
It's not surprising people will be encouraging sisu out protests now, that ramped up a few weeks ago.
If Wasps took us over do you think they'd move us 85 miles up the road as well? Although, I suppose that would be fine though because SISU wouldn't be the ones doing it.
Because we still wouldn't have the financial clout, our turnover in the championship as is, would be about £10.5m (including increased attendance) we can only get limited access to f&bs due to the compass contract, yes we'd get some parking. I imagine the highest our turnover would be £12-12.5m if wasps were over generous with access to revenues
Here's the wage bills of the promoted teams thr last 4-5 years
2011/12
Southampton £28.7m
Reading £26.8m
West ham united £41.6m
2012/13
Cardiff £32.8m
Hull £25.9m
Crystal Palace £18.8m
2013/14
Leicester £36m
QPR £75m
Burnley £15m
2014/15
Norwich £51m
Bournemouth £30m
Watford £21m
Yes, Burnley is low, but still higher then what our turnover would be and that's before you add in rent, utilities, players fees, contribution to the bond interest, academy,etc, you're talking another £3-4m.
Everyone else's wage bill are huge, even Bournemouth seen as a shining light.
Yes, I can't say definitely not, but the odds are stacked against it, and wasos do not have the cash to through £6-10m+ pa on to try and get us in the PL.
This goes against wasps aims to make them the biggest rugby side europe, they want to be the real Madrid of rugby.
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But the give away the majority of their tickets and concerts and events were happening at the Arena before they came in.
It's not as if they've come in and suddenly developed and implemented a new business plan for the Ricoh.
What's more...they've technically borrowed £35m, repayable in 6 years time. So it's not as if they're brilliant business gurus and have made millions from it.
Granted, SISU are wank but to paint wasps out to be much different...
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Wasps debts are secured on something that you constantly told us was worthless. Shows how much you know.To my knowledge wasps haven't actually spent any money have they? Their debt ratio is as bad as sisu.
Yes, our turnover in league is around £4.5-5m, being in tbr championship adds around £5-6m more including rv, sponsorship, etc. Our turnover on relegation was around £10.5m.Have you included the TV rights, extra kit sales etc.?
Wasps debts are secured on something that you constantly told us was worthless. Shows how much you know.
It is said to be worth 5m more just for being there. Then there is the extra income from higher ticket sales.Yes, our turnover in league is around £4.5-5m, being in tbr championship adds around £5-6m more including rv, sponsorship, etc. Our turnover on relegation was around £10.5m.
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Well they have the stadium for 250 years, have the finance and are getting more gigs. We have nothing. So based on that, I would say they are better at business than SISU. Plus the council love them and they get everything they want. All we have to do with the council takes place at appeal courts and costs time and money for SISU. I would say Wasps are different - even if goes pear shaped in the future, it is better than our situation which is going pear shaped now.
Our last turnover in thr championship was £10.5m, our turnover now is around £4.5m. People general have wage bills of around £20m+ to get promoted. Are you really saying wasps wouldn't have to invest heavily on top of diverting matchday income into the club? Ad to that FFP means clubs can make losses of up to £13m pa, and competing against those with parachute payments.It is said to be worth 5m more just for being there. Then there is the extra income from higher ticket sales.
You agreed with SISU when they said it was worthless.Er no it isn't - the valuation is a projected valuation.
If the organisation went it to administration the lease reverts back to its original period.
The bonds are not secured in that sense at all are they?
Don't think I said it was worth nothing did I?
There is zero evidence to suggest they would want to buy us and even if they did they'd be more likely to squeeze as much money of us as possible to fund the rugby.
That's the point. Wasps don't want to give evidence they are interested.
They are being more subtle.
They are squeezing us by pulling out of talks "because CCFC needs to do that first".
Or, with CCFC loosing the academy, "You can use our facilities"
Sisu are self destructing the club and the more pieces it is in the cheaper and easier to pick up it will be.
Moving to the Butts 'next' in temporary stands will further self destruct the finances and it's just a waiting game.
We need Sisu out in the next 2 years before that happens.
Nobody has said that it would be easy. It isn't even easy for the sides that throw money at it. But nothing is impossible.Our last turnover in thr championship was £10.5m, our turnover now is around £4.5m. People general have wage bills of around £20m+ to get promoted. Are you really saying wasps wouldn't have to invest heavily on top of diverting matchday income into the club?
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Just when it appears the majority of this forum are finally coming together, Italia shows his true colours once again.
Perhaps the reason wasps give the impression they are not interesteinterested, is because (shot in the dark here), they are not interested?
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Do you think wasps will throw cash at the football club on the outside chance they can get to the PL? Even Italia thinks they will just maintain the status quo, whilst milking us.Nobody has said that it would be easy. It isn't even easy for the sides that throw money at it. But nothing is impossible.
Hardly anyone thinks that they are planning to take our club over. But who would be surprised by anything a hedge fund does?Perhaps the reason wasps give the impression they are not interesteinterested, is because (shot in the dark here), they are not interested?
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Hardly anyone thinks that they are planning to take our club over.
I don't even think that they will take our club over.Do you think wasps will throw cash at the football club on the outside chance they can get to the PL? Even Italia thinks they will just maintain the status quo, whilst milking us.
Wasps simply haven't got the cash
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Our last turnover in thr championship was £10.5m, our turnover now is around £4.5m. People general have wage bills of around £20m+ to get promoted. Are you really saying wasps wouldn't have to invest heavily on top of diverting matchday income into the club? Ad to that FFP means clubs can make losses of up to £13m pa, and competing against those with parachute payments.
Wasps moved to thr Ricoh because their owner could sustain their £3m pa losses, you really think they have thr money to throw £40m+ at the football club over 2-3 years?
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Ironically (if you're anti franchising) this is where having a stubborn owner will at least stop us from jumping into the fire ready and willing!
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