Positive News for the Academy - Wasps pull out of Higgs (5 Viewers)
- Thread starter Nick
- Start date
Sadist!
Nick
Administrator
No he just sponsored their shirts.
Nick
Administrator
What do you mean?
Sponsoring the shirts must provide a bit of income? Or does he literally just buy the shirts...
Nick
Administrator
That's not really him "externally funding" the academy though.
You're getting a bit picky to be fair Nick, ultimately the club have secured some support for the academy and that was what I was getting at.
Which is good news as it's something to be pretty proud of.
Nick
Administrator
It's not picky, it's just not how you originally worded it as the academy being externally funded by him which is why I just said he sponsors the shirts. (for charity too
)Ever think that since we’re had a change in personal at the city council that perhaps (just perhaps) that Wasps presence in Coventry is making a few personal uncomfortable and they may be changing there tune with Wasps and an attempt to slowly support CCFC?
Perhaps the council have along with Wasps financial problems (and they have despite what they will be saying) that they refused to financially help Wasps out which I believe they were mumping for money to pay for the redevelopment of the AH Centre.
I just think Wasps are mumping scrounges that have big dreams but want things but on the never never.
I’m always right on these things ... Wasps are in big trouble.
Perhaps the council have along with Wasps financial problems (and they have despite what they will be saying) that they refused to financially help Wasps out which I believe they were mumping for money to pay for the redevelopment of the AH Centre.
I just think Wasps are mumping scrounges that have big dreams but want things but on the never never.
I’m always right on these things ... Wasps are in big trouble.
dongonzalos
Well-Known Member
I am not sure I do to be honest. I think it maybe too big a project for them.
Which I am not sure is a good thing, as I think it is going to consign us to another 5-10 years of not doing much whilst SISU wait to see if they start really struggling financially. Then if they actually do I still don’t see ACL ending up in SISU’s hands and our club stagnates and declines for longer whilst totally wasting time again. Hope I am wrong but that’s the way I see it possibly going.
I know you won’t want hear this but it would be better if Wasps now do build a training centre elsewhere.
dongonzalos
Well-Known Member
Very true, just saying what their statement was.
dongonzalos
Well-Known Member
Yes doesn’t look good for them if they are releasing different statements
Astute
Well-Known Member
We have now reached the period that some of us were talking about when this fiasco started.
The arena isn't making them the money they hoped. Ha ha. What a surprise.
IIRC the bonds were for £35,000,000 @ 6.5%. This means repayments of £2,750,000 a year. This is just interest alone. Richardson took out 10m of the 20m he was owed. So I can't see him wanting to put it back in.
So where are they going to get this near 3m a year from?
7m for a training ground? They maxed out what they could raise.
They took the gamble on being the top egg chasing club in the UK. But I could never see it working moving so far away from their fan base. But whatever happens Richardson is 10m better off. Was that the main reason for the move?
Does the training ground being dropped mean they could be looking at leaving?
A good bit of news at last.
The arena isn't making them the money they hoped. Ha ha. What a surprise.
IIRC the bonds were for £35,000,000 @ 6.5%. This means repayments of £2,750,000 a year. This is just interest alone. Richardson took out 10m of the 20m he was owed. So I can't see him wanting to put it back in.
So where are they going to get this near 3m a year from?
7m for a training ground? They maxed out what they could raise.
They took the gamble on being the top egg chasing club in the UK. But I could never see it working moving so far away from their fan base. But whatever happens Richardson is 10m better off. Was that the main reason for the move?
Does the training ground being dropped mean they could be looking at leaving?
A good bit of news at last.
I know if I was hosting an event/business function I wouldn’t be using the Ricoh until we drive wasps out of this city.
Any Coventrian should do the same.
dongonzalos
Well-Known Member
NOPM?
I don’t go to anything to do with Wasps to be honest. Not as a moral stance but just have absolutely no interest in them.
However if a band I really wanted to watch planned a gig at the Ricoh and suited me I would go.
I don’t give a rats ass about Wasps in either a positive or a negative way.
hill83
Well-Known Member
Would you actually go though?
Grendel
Well-Known Member
The stadium is the security.
Kingokings204
Well-Known Member
The bonds need to be paid in full by 2022? The 33-35m. I think that’s right.
They will simple refinance this agreement.
They won’t sell the stadium before then sadly. I can’t see how they won’t be here for many more years.
They will simple refinance this agreement.
They won’t sell the stadium before then sadly. I can’t see how they won’t be here for many more years.
Slightly off topic but John Sharpe the Coventry Rugby spokesman today confirmed on local radio this morning that they will never agree a deal with CCFC on a ground share at the Butts whilst the club is owned by SISU. I believe the full interview is being included in the rugby show at 6 tonight. From what he said it seems pretty clear they wouldn't even entertain a deal with SISU,even if they dropped there legal actions,because of the toxic attitude in Coventry to SISU.
jimmyhillsfanclub
Well-Known Member
this may shortly need its own thread.......
Captain Dart
Well-Known Member
So to summarise, no one in Coventry can raise money for sports facilities, except the council which is investing in swimming and water sports.
Astute
Well-Known Member
Some people enjoy water sports. I don't understand the enjoyment myself.
fernandopartridge
Well-Known Member
The council are borrowing the money as well so they can't afford it either.
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Joy Division
Well-Known Member
Another fascinating insight into our insect friends. The Hitler reference is incredible, what a complete idiot.
Captain Dart
Well-Known Member
But they can raise the money, which is what I said, plus they can simply increase the council tax to finance it (within Gov't limits) or cut something less important.
rupert_bear
Well-Known Member
Don’t get all this Wasp talk ! Let’s concentrate on ccfc ffs!
With this announcement from Wasps I see a number of possible scenarios, one with the proposed sale of Ryton held up I believe by the the sports foundation until our owner identifies an alternative venue,we’ll as I see it there now is one, the Alan Higgs venue, surely now we can move our training ground there lock, stock and barrel everything is there thus allowing sisu to get their £5million or whatever for Ryton.
Scenarios 2, puts our beloved council back on the block. They’ve just announced a proposal to build their 50mm swimming pool at AH which would demolish the indoor pitch which is a nescesity for our Acadamy to keep its cat2 status. There’s loads of land there to build it’s wish for swimming facility elsewhere without destroying the essential indoor pitch, can they really see sisu or whoever else building another.
Scenario 3 As I see it this Wasp decision puts the onus on our future in sisu’s hands they should now come out of the shadows and tell us fans what’s its aims and ambitions might be, our Ricoh future still to be decided, less than 6 months to go on that one fast coming to squeaky bum time. Also with a first class training facility which AH is or could be the ccfc value surely increases, will that make them look to sell ? Could that attract interest to buy, I also think regards the Ricoh an opportunity to buy into it percentage wise is there, interesting times ahead me thinks
With this announcement from Wasps I see a number of possible scenarios, one with the proposed sale of Ryton held up I believe by the the sports foundation until our owner identifies an alternative venue,we’ll as I see it there now is one, the Alan Higgs venue, surely now we can move our training ground there lock, stock and barrel everything is there thus allowing sisu to get their £5million or whatever for Ryton.
Scenarios 2, puts our beloved council back on the block. They’ve just announced a proposal to build their 50mm swimming pool at AH which would demolish the indoor pitch which is a nescesity for our Acadamy to keep its cat2 status. There’s loads of land there to build it’s wish for swimming facility elsewhere without destroying the essential indoor pitch, can they really see sisu or whoever else building another.
Scenario 3 As I see it this Wasp decision puts the onus on our future in sisu’s hands they should now come out of the shadows and tell us fans what’s its aims and ambitions might be, our Ricoh future still to be decided, less than 6 months to go on that one fast coming to squeaky bum time. Also with a first class training facility which AH is or could be the ccfc value surely increases, will that make them look to sell ? Could that attract interest to buy, I also think regards the Ricoh an opportunity to buy into it percentage wise is there, interesting times ahead me thinks
clint van damme
Well-Known Member
so CRFC have confirmed what they'd already confirmed?!
Captain Dart
Well-Known Member
Scenario 1 - sure SISU will realise this asset (Ryton), its what they do.
Scenario 2 - CCC plan to let Wasps build a new indoor facility fallen down because Wasps have no money. CCC are nothing if not inflexible.
Scenario 3 - SISU will just rent on short term deals and leave any problems to new owners when they exit. They will never build anything, never have never will.
Astute
Well-Known Member
Even you had to mention Wasps a couple of times :smuggrin:
letsallsingtogether
Well-Known Member
There lies the problem.
They would have to sell it for a big profitt to secure any money to pay back thier their creditors.
The only ones intrested in owning it don't want to pay.
It seems who ever owns it is fucked.
dongonzalos
Well-Known Member
I Would listen to it live on radio 2 of course, in full not missing a minute. Then I would watch the highlights that night. Also I would read all the reviews from experts about the gig.
Then I would get into a debate with someone who actually went to the gig but their view kept getting obscured, then they were at the bar and the toilet missing most of one of the songs. Also they were so far away from the band they struggled to see properly.
Then I will lose said debate with because ‘they were there’
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Captain Dart
Well-Known Member
dongonzalos
Well-Known Member
Scenario 3 whilst watching Wasps and doing everything they can possibly do to make life financially difficult for them.
When eventually Wasps decide to sell the business up to anyone apart from SISU abd we start again.