Samo
Well-Known Member
So at least 3 years into their ownership.
There was a boycott about 4 years ago.
Come on don, let not rewrite history. RR led the takeover, he was the chief strategist, he was the football man, he was the one who said going to the stadium was short termist, he was the one that sold them operation premiership, he was the public face and IIRC he also had shares and therefore some ownership. We know that sisu had little to with the running of the club in the early days and only became involved around the financial crash, which seems to have been the point that the strategy changed.
IMO RR duped sisu into making it sound like an easier win than it was, and sisu have said since that had they known it would have been this much of a ball ache they wouldn't have done it.
Not absolving sisu at all, their strategy since RR left has gone from disaster to disaster, but Uncle Ray has a lot to answer for.
I'm gonna leave it there, I really can't be arsed arguing about different shades of shit on a Friday night.
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Higgs should have got the most money possible that they should have got back no question.
Raping a children's charity is not a term I would have used no.
You suggested the council should have gave Higgs their share which I agree with. Now back to the point under discussion ......
So you never said no one else sporting franchise wise would come to the Ricoh?
I never said that, I said it was chronically over valued and no one would ever pay the offer price to us.
You said it was cheap and worth £60 million.
You was proved right on the Ricoh being a worthless white elephant?I was proved right.
IMO RR duped sisu into making it sound like an easier win than it was, and sisu have said since that had they known it would have been this much of a ball ache they wouldn't have done it.
Come on don, let not rewrite history. RR led the takeover, he was the chief strategist, he was the football man, he was the one who said going to the stadium was short termist, he was the one that sold them operation premiership, he was the public face and IIRC he also had shares and therefore some ownership. We know that sisu had little to with the running of the club in the early days and only became involved around the financial crash, which seems to have been the point that the strategy changed.
IMO RR duped sisu into making it sound like an easier win than it was, and sisu have said since that had they known it would have been this much of a ball ache they wouldn't have done it.
Not absolving sisu at all, their strategy since RR left has gone from disaster to disaster, but Uncle Ray has a lot to answer for.
I'm gonna leave it there, I really can't be arsed arguing about different shades of shit on a Friday night.
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Sorry yes he did. I'm talking about the internal strategy (i.e. invest in uo and coming players in hope of getting promoted and making a quick buck, rather than sort out the stadium, etc and getting the foundations right) rather than the Paul Fletcher initiative.Paul Fletcher sold 'Operation Premiership' and the seats.
A constant investment higher than income??
Just so you're aware, as most people on here obviously aren't, you can only spend 65% of your total income on you expenditure! Also adding to people's arguments saying we have a shit budget! Our budget is all the fans allow as we only make money from ticket sales. So whilst people are boycotting games we're going nowhere!
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You was proved right on the Ricoh being a worthless white elephant?
1, Do you know the meaning of 'white elephant' ?
2, How much did Wasps raise on it?
Yes I do know what the meaning is.
I think it's you that fails to understand the meaning.
Wasps haven't raised anything on the shareholder value and thry haven't on the current value of the stadium at all. If it fails the stadium company defaults back to the original lease which as I said all along was without value.
Interestingly many on here claimed Higgs couldn't sell below what they put in due to charity commission rules - this was rubbish.
Question though to those who believe that. If - as you clearly believe - the valuation of the company shot up to £48 million - then shouldn't Higgs have retained their share in the company. After all wasps only purchased 50% initially - unless that statement wasn't true,
I'm sure it was. Wasps are such honest, straightforward guys to do business with.
Anyway back to the OP.
Cuts in funding and the failed delivery on the promise.
Let to cuts in the crowd.
Not the other way round.
Should we adopt the Walsall model of sustainability do you think?
Should we adopt the Walsall model of sustainability do you think?
Why don't you just admit that you was wrong? Wouldn't have to keep bringing up each time that you bring it up then.Yes I do know what the meaning is.
I think it's you that fails to understand the meaning.
Wasps haven't raised anything on the shareholder value and thry haven't on the current value of the stadium at all. If it fails the stadium company defaults back to the original lease which as I said all along was without value.
Interestingly many on here claimed Higgs couldn't sell below what they put in due to charity commission rules - this was rubbish.
Question though to those who believe that. If - as you clearly believe - the valuation of the company shot up to £48 million - then shouldn't Higgs have retained their share in the company. After all wasps only purchased 50% initially - unless that statement wasn't true,
I'm sure it was. Wasps are such honest, straightforward guys to do business with.
Why don't you just admit that you was wrong? Wouldn't have to keep bringing up each time that you bring it up then.
Proof?He is wrong quite often we just have to know he is wrong.
That's good enough he will never admit it himself.
He felt no one else would come to the Ricoh.
He said the owners were only bluffing about going to Northampton.
He said he would never go to Northampton.
He was encouraging the owners not to agree any rental deal offered and keep pushing till ACL are destroyed. He couldn't understand that that policy was ultimately going to backfire.
He said Bigi is shit.
That Mark Robins is an amazing manager and can turn things wrong with any set of players.
All wrong.
Non ever admitted
If you bought the Ricoh Arena for £60 million. It is cheap. It cost more than that to build
Half??So why did the council sell to an out of town franchise (after whinging about nomadic sports teams) for half that then??
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Have you noticed Grendel that the arena has just won the telegraphs business of the year sponsored by Jaguar:facepalm:
Half??
More like 1/3. But about 20m for a white elephant? And it took us going to Northampton to devalue it so much. I don't know how anyone can be happy about the situation other than those running Wasps.Half??
To be fair, that's like RFC awarding Fisher 'Director of the Year'...
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The loan wasn't the purchase priceWasn't the two 50%s something like £6m each and then then bank loan of £14m? Nearly half!
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Have you noticed Grendel that the arena has just won the telegraphs business of the year sponsored by Jaguar:facepalm:
So why did the council sell to an out of town franchise (after whinging about nomadic sports teams) for half that then??
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to be honest though, winning an award from the Telegraph is on par with winning a goldfish at the fair!
They sold ACL
C'mon Dong...for all intents and purposes, it was the Ricoh for 250 years. Let's not pretend it was anything else.
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They have bought the lease for longer than the ricoh will last, so it's the same anywayIt wasn't though the Ricoh cost over 100 million to build.
If you buy the Ricoh bricks and mortar for £60 million it's a bargain.
ACL for 6 million plus a 14 million loan. Is also a bargain in my books. A deal we said we would not have took on!!!
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