Positive News for the Academy - Wasps pull out of Higgs

Discussion in 'Coventry City General Chat' started by Nick, Nov 14, 2017.

  1. Joy Division

    Joy Division Well-Known Member

    Joined:
    Jan 9, 2012
    Messages:
    2,052
    Likes Received:
    521
  2. Nick

    Nick Administrator

    Joined:
    Feb 25, 2008
    Messages:
    69,729
    Likes Received:
    21,469
    Location:
    Coventry
    Is that something from Sport England?
     
  3. fernandopartridge

    fernandopartridge Well-Known Member

    Joined:
    Dec 9, 2011
    Messages:
    10,905
    Likes Received:
    7,667
    By the end of the bit I read they're on about how attractive they must be to a sugar daddy if there is financial trouble

    Sent from my SM-G935F using Tapatalk
     
  4. duffer

    duffer Well-Known Member

    Joined:
    Oct 28, 2010
    Messages:
    3,174
    Likes Received:
    4,924
    Possibly for some Stu mate, so it's a fair point, but it's not true for everyone. I'd want no part of supporting the Wasps franchise, even if it was of benefit to CCFC.

    I don't want to see Wasps genuine fans suffer, as they've had enough of that already - however I want their club out of the city because they don't belong here. As for the new, Coventry-based, Wasps fans, I'm sure they'll find something else to do on an afternoon if Wasps did go tits-up (as many of them will do if the team continues to struggle). The rugby team with Coventry in their name are doing quite well these days and could use the support, for example.

    I also don't think Wasps will go splat any time soon, fwiw, but they're certainly wobbling a bit and whatever their CEO says I think this may be about finance as much as anything else. The one thing that Wasps really can't afford to do is to paint a negative picture to their investors. It's not just SISU who do spin...
     
    bezzer, Astute, martcov and 8 others like this.
  5. SkyBlue79

    SkyBlue79 Member

    Joined:
    May 13, 2017
    Messages:
    63
    Likes Received:
    47
    Likewise Duffer, my guess is that Wasps may be just about coping on a day to day basis, however there is absolutely no room in the finances for further investment. I guess either ACL took a lot more investment to get on track or they banked on additional outside funds to pay for some of this extra stuff.

    I hope City can follow this up with a bit of a guarantee about the academy.
     
    Astute, torchomatic and duffer like this.
  6. smileycov

    smileycov Facebook User

    Joined:
    Apr 13, 2010
    Messages:
    2,765
    Likes Received:
    198
    Location:
    Lincoln
    it is part of the proposal to build the 50m pool. not sure of exact source, sorry
     
  7. Terry Gibson's perm

    Terry Gibson's perm Well-Known Member

    Joined:
    Mar 17, 2014
    Messages:
    8,227
    Likes Received:
    2,341
    Location:
    Nuneaton
    That site is hilarious Wendyball, these watchers of synchronised cuddling do make me laugh. Hopefully one day another city will become more attractive to their owners and we can watch the convoy of coaches as they travel to their new home.

    They need to accept they aren’t getting a new training ground because nobody was willing to pay for it for them
     
  8. Covstu

    Covstu Well-Known Member

    Joined:
    Aug 17, 2008
    Messages:
    9,596
    Likes Received:
    1,176
    Location:
    Costa del Cov
    I agree now but I think if the deal was setup from the start I think perceptions would have been different. I don't want any club going to the wall but if there was one it would be these lot!
     
    Astute, duffer and NorthernWisdom like this.
  9. NorthernWisdom

    NorthernWisdom Well-Known Member

    Joined:
    Apr 23, 2013
    Messages:
    14,875
    Likes Received:
    10,256
    You'd probably find 'Wasps' would continue to exist in London if the Cov cuckolds weren't about any more, so not even sure the 'club' going to the wall would happen.

    More this faceless, plastic entity.
     
  10. stupot07

    stupot07 Well-Known Member

    Joined:
    Mar 20, 2011
    Messages:
    22,726
    Likes Received:
    7,156
    £35m

    Sent from my SM-G930F using Tapatalk
     
  11. Covstu

    Covstu Well-Known Member

    Joined:
    Aug 17, 2008
    Messages:
    9,596
    Likes Received:
    1,176
    Location:
    Costa del Cov
    Not sure how they could pack up and go back to London really? Maybe try somewhere else like Milton Keynes?

    I think they will be here for years btw...
     
  12. NorthernWisdom

    NorthernWisdom Well-Known Member

    Joined:
    Apr 23, 2013
    Messages:
    14,875
    Likes Received:
    10,256
    Well if they went pop, it'd be like RIchmond, where the club would retreat to a lower level and go back to its roots, I'd expect.

    tbh it's all a bit irrelevant atm anyway. I can't for the life of me believe that in their own heads they haven't planned for a couple of years more to see how it all pans out.

    Look for trends, not one-offs!

    (and let's hope the trend leads to oblivion!)
     
  13. Grendel

    Grendel Well-Known Member

    Joined:
    Sep 19, 2011
    Messages:
    34,113
    Likes Received:
    8,853
    Yes the £24 million is half share at full valuation so you pay £24 and I assume become liable for £17.5 million for half share of a loss making business.
     
  14. CCFC54321

    CCFC54321 Active Member

    Joined:
    Oct 23, 2016
    Messages:
    215
    Likes Received:
    229
    Even a poster on there piss pot wasps forum has suggested that with the delay in accounts being reported, uncertainty over the bonds and a extension to the payments, training ground shelved and no news on a major sponsorship that there could be something happening.
     
  15. NorthernWisdom

    NorthernWisdom Well-Known Member

    Joined:
    Apr 23, 2013
    Messages:
    14,875
    Likes Received:
    10,256
    New owners...

    SISU.
     
    duffer likes this.
  16. Grendel

    Grendel Well-Known Member

    Joined:
    Sep 19, 2011
    Messages:
    34,113
    Likes Received:
    8,853
    CT have now put a new article on with what people want and oddly quotes people saying wasps are great and should stay.

    I’ve responded and now the tossers are really showing their true colours.

    “Wasps in sisu out” - well done Jeff
     
  17. stupot07

    stupot07 Well-Known Member

    Joined:
    Mar 20, 2011
    Messages:
    22,726
    Likes Received:
    7,156
    Which article is that?

    Sent from my SM-G930F using Tapatalk
     
  18. Grendel

    Grendel Well-Known Member

    Joined:
    Sep 19, 2011
    Messages:
    34,113
    Likes Received:
    8,853
    Moff likes this.
  19. mds

    mds Active Member

    Joined:
    Nov 24, 2008
    Messages:
    948
    Likes Received:
    135
    Location:
    Coventry.
    £7m for new training facilities or £7m on another years player wages, which gamble fails first.
     
  20. Terry Gibson's perm

    Terry Gibson's perm Well-Known Member

    Joined:
    Mar 17, 2014
    Messages:
    8,227
    Likes Received:
    2,341
    Location:
    Nuneaton
  21. Leamington Pete

    Leamington Pete Active Member

    Joined:
    Jul 20, 2012
    Messages:
    301
    Likes Received:
    86
    In the last week I have heard the same rumour from two separate sources - both reliable and unconnected- that an announcement is imminent regarding the AHC and CCFC. Both sources were guarded and gave little away, although obviously privy to the same information. What I do gather is there is to be both investment in (although whether from the club or another party I'm not sure) and development of the Centre, and securing of the future of the academy. Not a lot I know, but apparently an announcement is expected very soon .
    Please don't shoot the messenger guys! I'd wondered whether to post these crumbs for the inevitable debate - cynical and otherwise - or keep quiet, and chose the former to share what might hopefully be good news. We shall see.
     
  22. smileycov

    smileycov Facebook User

    Joined:
    Apr 13, 2010
    Messages:
    2,765
    Likes Received:
    198
    Location:
    Lincoln
    What would happen, if sisu took an offer from Say, Hoffman. Then bought wasps out? We would still be renting our stadium to them this time lol - bet they ask for a mill a year
     
  23. fernandopartridge

    fernandopartridge Well-Known Member

    Joined:
    Dec 9, 2011
    Messages:
    10,905
    Likes Received:
    7,667
    Perhaps the rumours of a fall out with the council are true. Perhaps the council has realised that Wasps' owners are just another SISU with a better PR team. Perhaps they've recognised that they have as yet failed to deliver any of the economic benefits they said they would when they took over?
     
    NorthernWisdom, Astute and duffer like this.
  24. crowsnest

    crowsnest Member

    Joined:
    Mar 24, 2011
    Messages:
    546
    Likes Received:
    23
    Planning permission for wasps at Broadstreet was only temporary and ends April 2018.
     
  25. dongonzalos

    dongonzalos Well-Known Member

    Joined:
    Feb 13, 2012
    Messages:
    19,146
    Likes Received:
    5,429
    It said in midlands today that Wasps claim the site isn’t big enough.
     
  26. Grendel

    Grendel Well-Known Member

    Joined:
    Sep 19, 2011
    Messages:
    34,113
    Likes Received:
    8,853
    Do you believe them?
     
  27. NorthernWisdom

    NorthernWisdom Well-Known Member

    Joined:
    Apr 23, 2013
    Messages:
    14,875
    Likes Received:
    10,256
    Have to say, that answer would give more credence to them struggling to pay for it (or falling out with CSF) than anything up till now.

    After all, didn't they narrow it down to there after an exhaustive search for a site?
     
    martcov likes this.
  28. Hobo

    Hobo Well-Known Member

    Joined:
    May 13, 2013
    Messages:
    7,789
    Likes Received:
    4,316
    Location:
    Coventry
    Who Midlands Today or Wasps?

    Me; probably neither!
     
    duffer likes this.
  29. withnail

    withnail Active Member

    Joined:
    Apr 18, 2012
    Messages:
    190
    Likes Received:
    121
    Fingers crossed.
    My wife tells me that I shouldn’t be bitter and twisted and that I’ll never be truly happy whilst I’m wishing ill on others and she is of course absolutely right.
    ... this however makes me very f@king happy.
     
    Astute, zuni, Moff and 7 others like this.
  30. stupot07

    stupot07 Well-Known Member

    Joined:
    Mar 20, 2011
    Messages:
    22,726
    Likes Received:
    7,156
    That's not what they told CT, seem to be changing their story now it looks negative on them.

    More wasps spin lol.

    Sent from my SM-G930F using Tapatalk
     
  31. fernandopartridge

    fernandopartridge Well-Known Member

    Joined:
    Dec 9, 2011
    Messages:
    10,905
    Likes Received:
    7,667
    Which one of the other 20 sites will it be? The War Memorial Park?

    Sent from my SM-G935F using Tapatalk
     
  32. NorthernWisdom

    NorthernWisdom Well-Known Member

    Joined:
    Apr 23, 2013
    Messages:
    14,875
    Likes Received:
    10,256
    Maybe they'll head for Brandon...
     
  33. fernandopartridge

    fernandopartridge Well-Known Member

    Joined:
    Dec 9, 2011
    Messages:
    10,905
    Likes Received:
    7,667
    I'd rather they headed back to Lan-don

    Sent from my SM-G935F using Tapatalk
     
  34. Moff

    Moff Well-Known Member

    Joined:
    Apr 2, 2011
    Messages:
    5,011
    Likes Received:
    4,039
    Location:
    Deepest Warwickshire
    Well they are hardly going to publicise that financially they are struggling so why not make some bull up.
     
    Last edited: Nov 14, 2017
  35. SkyBlue79

    SkyBlue79 Member

    Joined:
    May 13, 2017
    Messages:
    63
    Likes Received:
    47
    If CSF have got a bit more certainty over City's residency at AH perhaps Wasps have been told they need to offer us more, thus increasing the costs for whatever they want (or accepting a fairer share of facilities) and expediting the need to start whilst they still haven't raised funds. Clearly that can be twisted to not enough room but probably means something different.

    I might have dreamt this but isn't the academy now externally funded by one of Hoffman's mates? Some chap from Stratford?
     

Share This Page