Watched a bit of the Gloucester game late last night, and even though they are mid table,still looked a huge crowd. So even if Wasps were to drop down to mid table in the future, it seems a lot of Rugby fans will still turn up, as much for the social side, as the game.
Unfortunately just lately I have developed a bit of a morbid fascination re Wasps,and on Saturday I watched about 15 minutes of their game on my laptop . A few observations, firstly they had a camera in the away end,and the Ricoh looks mightily impressive when full. its just a shame its full of them buggers. Secondly with no segregation they can fill the whole ground,unlike us who could never have that luxury. The whole top tier of the main stand seemed packed so god knows how much they taken in hospitality, it is clear many people see Rugby as a huge social occasion as well. Add in the fact that half the ground seem to have a beer in hand whilst watching, and they have brought in electronic pitch side advertising you see at Premiership grounds. With being on BT sports god knows what they took,but it can't be far short of a million.
With them winning they now have what is effectively a bonus fixture against Leicester,again at home. A guy I play cricket with who goes regularly has already bought his ticket, for from memory about £36. No doubt this game will be a sellout,again probably generating them a bonus million.
Some people cling to the hope they are struggling financially, but if they are not making it pay when they are top,then they would never make it pay. Watched a bit of the Gloucester game late last night, and even though they are mid table,still looked a huge crowd. So even if Wasps were to drop down to mid table in the future, it seems a lot of Rugby fans will still turn up, as much for the social side, as the game.
The sickening thing is the realisation we have lost our ground and we have lost it for good, that will be Joy's and Tim's lasting epitaph .
I don't cling to the hope they are struggling Houdi, although would be happy to see the back of them.
I know the game a bit as have been a long standing Northampton Saints fan, and from my observations I can see a few things.
One they need us at the stadium as it helps their finances whether it be a little or a lot. It may also help with a new sponsor as its double the air time for coverage.
Two they still give away a proportion of free tickets. They are trying to build a fanbase and I can understand why, but their 'full houses' are never really that.
Three, they are only signing one of the two potential 'Marquee' players they can next year. These are players that are outside the salary cap and they can pay whatever they wish. Part of this is financial, part of it having one of these players being injured most the year and looking at the risk and they feel its not worth it.
Four, Rugby teams are struggling to match the financial clout of the French teams, and the outgoing Northampton Saints Chairman this week stated that Rugby Wages are spiralling out of control. All the top teams are having to tighten their belts in other areas, especially so that they can compete with the free spending French, who spend a fortune on wages.
How many of the top rugby teams have £30m + debt?
Well you probably know more than me, as my rugby support is for Coventry Rugby,further down the pyramid. My worry is that seemingly a lot of our fans,still cling to the vain hope that Wasps will go under, and unfortunately (well for us) they seem to be building a solid fan base, and with this 'bonus' home game,which they couldn't have budgeted for,means their financial fortunes will have been given a huge cash boost.I don't cling to the hope they are struggling Houdi, although would be happy to see the back of them.
I know the game a bit as have been a long standing Northampton Saints fan, and from my observations I can see a few things.
One they need us at the stadium as it helps their finances whether it be a little or a lot. It may also help with a new sponsor as its double the air time for coverage.
Two they still give away a proportion of free tickets. They are trying to build a fanbase and I can understand why, but their 'full houses' are never really that.
Three, they are only signing one of the two potential 'Marquee' players they can next year. These are players that are outside the salary cap and they can pay whatever they wish. Part of this is financial, part of it having one of these players being injured most the year and looking at the risk and they feel its not worth it.
Four, Rugby teams are struggling to match the financial clout of the French teams, and the outgoing Northampton Saints Chairman this week stated that Rugby Wages are spiralling out of control. All the top teams are having to tighten their belts in other areas, especially so that they can compete with the free spending French, who spend a fortune on wages.
Well you probably know more than me, as my rugby support is for Coventry Rugby,further down the pyramid. My worry is that seemingly a lot of our fans,still cling to the vain hope that Wasps will go under, and unfortunately (well for us) they seem to be building a solid fan base, and with this 'bonus' home game,which they couldn't have budgeted for,means their financial fortunes will have been given a huge cash boost.
We currently give them circa £100,000 p.a., they probably will make more than that in beer sales from Saturday's game. I don't know but I doubt if they will giving free tickets away for the Leicester game. Plus even if they have given free tickets away in the past, how much will these people spend on food,drinks, car parking etc and as Fisher always tells us, its the secondary spend we need to survive.
We won't be able to say clearly if they've built any kind of fanbase for a good 5-6 years... at least. Probably more, in fact. I can tell you the theory would certainly support that they haven't, and won't, for a substantial period of time, as to embed the club (and, more, going) into peoples' consciousness is not a quick task. So at the moment fans will be a lot more elastic in their support, or otherwise.Well you probably know more than me, as my rugby support is for Coventry Rugby,further down the pyramid. My worry is that seemingly a lot of our fans,still cling to the vain hope that Wasps will go under, and unfortunately (well for us) they seem to be building a solid fan base, and with this 'bonus' home game,which they couldn't have budgeted for,means their financial fortunes will have been given a huge cash boost.
We currently give them circa £100,000 p.a., they probably will make more than that in beer sales from Saturday's game. I don't know but I doubt if they will giving free tickets away for the Leicester game. Plus even if they have given free tickets away in the past, how much will these people spend on food,drinks, car parking etc and as Fisher always tells us, its the secondary spend we need to survive.
No we don't.In simplistic terms we need what we generate to even come close to putting us on a viable standing. Once we've got that sorted we can look to generate non-matchday revenues.
Also important to ensure there are break clauses as we don't want SISU here forever and don't want potential new owners to be put off by a deal Fisher has agreed to.
Hence, probably, why Fisher said our current deal was alright while in the bottom two divisions.Howuch matchday revenue do people think we can make from pies and beer?
Your telling me, just found it so depressing Saturday,seeing what should have been our ground looking full,with a vibrant atmosphere,realising just how far we have now fallen. With Wasps doing so well, it just is rubbing salt into our wounds. Our fans with understandable reason don't wish to be seen praising Wasps at all, but the sad fact is they seem to be doing everything right,everything seems to be falling for them, and we aside from Wembley seem to stagger from 1 crisis to another.All fair points Houdi. Its sickening to see how badly we have failed.
But that's not all we generate. What about naming rights, what about advertising (do you think we get paid for all those Wasps adverts around the pitch?). what about the advertising sites in the concourse (again do you think we get paid for all the Wasps adverts down there?).90 % of supporters spend nothing in the arena.
How many of the top rugby teams have £30m + debt?
They probably do TonyDon't Saracens have £ 45+M?
In my opinion they are blameless[/QUOTE]Reads to me more as Wasps wanted to appear blameless should we end up out of the city again.
Could it be Wasps positioning themselves so they cannot be blamed for ejecting CCFC from the Ricoh if the worst came to the worst.
It puts the ball very much in SISU's court, puts pressure on them. Interesting if GH already has a verbal deal with Wasps should he takes over
They probably do Tony
But it's likely at a more serviceable level than Wasps appear to have undertaken.
I'd be interested to understand their reasoning behind the approach to the type of finance they've undertaken.
Quite a responsibility over a very short window.
Unfortunately just lately I have developed a bit of a morbid fascination re Wasps,and on Saturday I watched about 15 minutes of their game on my laptop . A few observations, firstly they had a camera in the away end,and the Ricoh looks mightily impressive when full. its just a shame its full of them buggers. Secondly with no segregation they can fill the whole ground,unlike us who could never have that luxury. The whole top tier of the main stand seemed packed so god knows how much they taken in hospitality, it is clear many people see Rugby as a huge social occasion as well. Add in the fact that half the ground seem to have a beer in hand whilst watching, and they have brought in electronic pitch side advertising you see at Premiership grounds. With being on BT sports god knows what they took,but it can't be far short of a million.
With them winning they now have what is effectively a bonus fixture against Leicester,again at home. A guy I play cricket with who goes regularly has already bought his ticket, for from memory about £36. No doubt this game will be a sellout,again probably generating them a bonus million.
Some people cling to the hope they are struggling financially, but if they are not making it pay when they are top,then they would never make it pay. Watched a bit of the Gloucester game late last night, and even though they are mid table,still looked a huge crowd. So even if Wasps were to drop down to mid table in the future, it seems a lot of Rugby fans will still turn up, as much for the social side, as the game.
The sickening thing is the realisation we have lost our ground and we have lost it for good, that will be Joy's and Tim's lasting epitaph .
Some fair points there, but for a club that's only been here just over 2 years to get crowds over 30,000 is pretty impressive, or maybe worrying is a better word. It doesn't appear that they will be struggling team wise in the near future, so probably they are going to be a successful for years to come. As each year goes by, they will inevitably become more embedded in the community. Looking at the pictures on Saturday there looked to be a lot of young fans there, and for them they will just see them as a Coventry team.A few observations of my own, if I may. I've developed a morbid fascination with Wasps too, undoubtedly.
The Ricoh wasn't actually full on Saturday, just over 30,000 as I recall. Not bad at all, but not full. When you bear in mind what was riding on the game, finishing top of the top division, then actually this might be a little disappointing. It'll be full when Leicester bring their fans for the play-off I suspect, but it's perhaps telling that Wasps even when playing such a critical game still couldn't actually fill the Ricoh.
To clarify further, Wasps aren't making a million pounds profit per game - and they've actually made a £3.8m operating loss in the last season. And they've still got that £35m bond to pay interest on and then pay back in full. Plus this is pretty much peak-Wasps, their best season ever. Anyone who thinks there isn't risk in their model or that they're making a million per game hasn't quite understood rugby or finance, I'd say.
If Wasps drop down to midtable then they're likely to get middling attendances, as we've seen. Their average this season (before Saturday), when they've been pretty much unbeaten, has been 18.000 with a lowest of 12,000. Rugby fans can be just as fickle as footy fans, and possibly even more so given the lack of history for Wasps in Coventry. So don't assume that people will just turn up if they're struggling. By way of comparison you mentioned Gloucester - they have been at their ground for almost 120 years and are only a few hundred off Wasps' average attendendance but with a ground literally half the size. Rugby is a religion to many around that town, there's no comparison with Wasps in Coventry.
Last but not least, it was council that sold the Ricoh to Wasps. Joy and Tim might have driven the club into the ground, but it was the council and Higgs that chose to sell the Ricoh to Wasps. That epitaph needs to go on more than one gravestone, imho.
They aren't selling them all, though.if the £36 adult price is right for their next game,and they sell near 33,000 tickets
Well I've just had a look on their website,and whether we believe them or not, they are reporting unprecedented traffic at their ticket office,in store and over the phone. It appears season ticket holders have to pay as well, so I very much doubt whether they will be giving many free tickets away.They aren't selling them all, though.
No but do they outright own it rather than a company with a lease?Don't think Saracens have an asset though, like the Ricoh to balance it of against.
No but do they outright own it rather than a company with a lease?
Does that determine the type of finance employed or are other factors the reason?
Ok Tony.I think the local council own the Allianz stadium don't they? Not sure what the arrangement is but there's also regular athletic meeting's there as well as the local swimming baths and sports centre.
Pretty sure their position is much worse than Wasps.
Unfortunately just lately I have developed a bit of a morbid fascination re Wasps,and on Saturday I watched about 15 minutes of their game on my laptop . A few observations, firstly they had a camera in the away end,and the Ricoh looks mightily impressive when full. its just a shame its full of them buggers. Secondly with no segregation they can fill the whole ground,unlike us who could never have that luxury. The whole top tier of the main stand seemed packed so god knows how much they taken in hospitality, it is clear many people see Rugby as a huge social occasion as well. Add in the fact that half the ground seem to have a beer in hand whilst watching, and they have brought in electronic pitch side advertising you see at Premiership grounds. With being on BT sports god knows what they took,but it can't be far short of a million.
With them winning they now have what is effectively a bonus fixture against Leicester,again at home. A guy I play cricket with who goes regularly has already bought his ticket, for from memory about £36. No doubt this game will be a sellout,again probably generating them a bonus million.
Some people cling to the hope they are struggling financially, but if they are not making it pay when they are top,then they would never make it pay. Watched a bit of the Gloucester game late last night, and even though they are mid table,still looked a huge crowd. So even if Wasps were to drop down to mid table in the future, it seems a lot of Rugby fans will still turn up, as much for the social side, as the game.
The sickening thing is the realisation we have lost our ground and we have lost it for good, that will be Joy's and Tim's lasting epitaph .
I will never understand wasps for not buying ccfc with its fan base.
You alright hun ?Would be awful for CCFC. Going from being owned by a shite hedge fund to another hedge fund who owe £35m to bond holders, is not a great move (not that you were suggesting it).
Anyway, good thing about that article is that they're not changing the seats any time soon.
Now that would fook me right off.
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Read the quotes and I'm not sure I share the confidence of some on here.
Why would they have heard anything from the club? It was left with them refusing to speak to the club so unless they had informed the club of a change in their stance they aren't likely to be contacted.
Willing to talk and listen is a million miles from being ready to do a deal. Anderson managed to get well into negotiations before Wasps walked away.
Reads to me more as Wasps wanted to appear blameless should we end up out of the city again.
You alright hun ?
How can they be blameless? They knew the situation and took advantage of it. And they have been holding us to ransom. I don't agree with all this JR crap but it's nothing to do with them what SISU do with it.[/QUOTE]In my opinion they are blameless
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