The long-term solution to this is to build a new stadium. Build a sense of community and identity from there. Move Jimmy Hill’s statue and replicate the walls on a new ground (or something).
The RICOH has never been a home, and never will be. What a pity.
Part of me agrees, but if it is our current owners who built any new stadium, it would be part of a financial plan to leech any 'profits' to them with a break even model for the playing side (i.e. any profits would not go back into the team). All under the old 'CCFC still owe us' from the initial investment/exorbitant interest rates/management fees etc. We are like that bloke who borrowed £100 for a night out and ended up owing £19,000. Never going to get out of it, unless white knight/rapid promotion (whereby 3rd party becomes interested)/Wasps fold!!
Wasps fold pleasePart of me agrees, but if it is our current owners who built any new stadium, it would be part of a financial plan to leech any 'profits' to them with a break even model for the playing side (i.e. any profits would not go back into the team). All under the old 'CCFC still owe us' from the initial investment/exorbitant interest rates/management fees etc. We are like that bloke who borrowed £100 for a night out and ended up owing £19,000. Never going to get out of it, unless white knight/rapid promotion (whereby 3rd party becomes interested)/Wasps fold!!
This is 6 months old and states nothing we don't already know
It might be 6 months old, but still a good read! I got a book out of the library the other day. It was called "Oliver Twist" by some bloke called Charles Dickens. Turns out it was written in 1838. But I still enjoyed it!This is 6 months old and states nothing we don't already know
Thanks for bringing me down
W*&ps 21 - 35 Gloucester
You're welcome.
To be fair though, they must have one hell of a striker.
There’s a strategic business angle in the planning of building a new ground:-
The value Ricoh props up the balance sheet for the Wasps. The Ricoh is a sports ground with conference facilities. It has a fairly secure source of rent from CCFC. This adds value to the leasehold.
Take away that revenue stream and potentially create an alternative venue in the city for the concerts and conferences and the perceived value of the lease diminishes.
For that reason, SISU should notch up a gear in building a ground. As soon as they get a site agreed in principal, planning in place, a credible business plan and notional finance, they have a stronger hand to play if they wish to negotiate for the Ricoh.
I’m not sure if Brandon is a no go now but location wise for a multi-use facility it ticks a lot of boxes.
All well and good, but SISU never did want, or never want to, build a stadium.
They purchased CCFC on the very basis of strong-arming the council to purchase the stadium and the assets that go with it to sell on for profit. They are by very nature a distressed-asset hedge fund - only in this situation, they attempted to distress the asset by not paying rent for two years themselves.
Now they have no stadium, an investment gone sour with no ROI and no plans to throw any more money into the club - the recent signing are, in my opinion, as a result of the Maddison money / sell-on bonus.
Expect them to sell or attempt to liquidate the club after the final court hearing.
why would they liquidate it when they can sell it, even for a fairly modest amount.
Surely they'll want to rinse every penny out of the club that they can?
I totally agree with this comment.We're still a far bigger club than the franchise and hopefully any future youngsters interested in rugby will get behind the city's real rugby team
Wasps fold please
Because they're a franchise club and we should be ashamed that our city is host to them.Still don’t understand how this would make the Ricoh affordable. Just puts us back to square one.
Wasps are a red herring, two minutes of hate to distract the proles but not actually relevant to our problem. The reason they get so much hate is purely because they disproved the mantra of “who else would want the Ricoh? Ergo we should have it below cost”.
They are the immigrants to our changed labour market. No amount of hate is stopping the car industry’s automation there and no amount of posturing is making a League One club be able to afford a Premier League stadium.
All well and good, but SISU never did want, or never want to, build a stadium.
They purchased CCFC on the very basis of strong-arming the council to purchase the stadium and the assets that go with it to sell on for profit. They are by very nature a distressed-asset hedge fund - only in this situation, they attempted to distress the asset by not paying rent for two years themselves.
Now they have no stadium, an investment gone sour with no ROI and no plans to throw any more money into the club - the recent signing are, in my opinion, as a result of the Maddison money / sell-on bonus.
Expect them to sell or attempt to liquidate the club after the final court hearing.
why would they liquidate it when they can sell it, even for a fairly modest amount.
Surely they'll want to rinse every penny out of the club that they can?
Still don’t understand how this would make the Ricoh affordable. Just puts us back to square one.
Wasps are a red herring, two minutes of hate to distract the proles but not actually relevant to our problem. The reason they get so much hate is purely because they disproved the mantra of “who else would want the Ricoh? Ergo we should have it below cost”.
They are the immigrants to our changed labour market. No amount of hate is stopping the car industry’s automation there and no amount of posturing is making a League One club be able to afford a Premier League stadium.
Yet another drone from the franchise's PR machine.
All well and good, but SISU never did want, or never want to, build a stadium.
They purchased CCFC on the very basis of strong-arming the council to purchase the stadium and the assets that go with it to sell on for profit. They are by very nature a distressed-asset hedge fund - only in this situation, they attempted to distress the asset by not paying rent for two years themselves.
Now they have no stadium, an investment gone sour with no ROI and no plans to throw any more money into the club - the recent signing are, in my opinion, as a result of the Maddison money / sell-on bonus.
Expect them to sell or attempt to liquidate the club after the final court hearing.
was true. Why did they wait 5 years?They purchased CCFC on the very basis of strong-arming the council to purchase the stadium and the assets that go with it to sell on for profit. They are by very nature a distressed-asset hedge fund - only in this situation, they attempted to distress the asset by not paying rent for two years themselves.
Still don’t understand how this would make the Ricoh affordable. Just puts us back to square one.
Wasps are a red herring, two minutes of hate to distract the proles but not actually relevant to our problem. The reason they get so much hate is purely because they disproved the mantra of “who else would want the Ricoh? Ergo we should have it below cost”.
They are the immigrants to our changed labour market. No amount of hate is stopping the car industry’s automation there and no amount of posturing is making a League One club be able to afford a Premier League stadium.
Oh look, a new registration and already they're spreading mistruths. Is this another new name for Jack Griffin?
You couldn't be further from the truth mate. Long time lurker, recent registration.
Let's just wait and see then, shall we?You can keep praying to whichever god that you believe in in the meantime that Wasps will fold
If this quote was true. Why did they wait 5 years?
Hi peeler
Eh? Why would I be from the Wasps just because I have a different opinion to you? I have work experience in the hedge fund industry and distressed asset acquisitions. I'm just calling it as I'm seeing it.
CCFC fan for over 30 years. Not that I need to explain myself to you. Perhaps you should try coming back with an alternative argument or opinion, as it just appears that you chat utter bollocks most of the time?
Eh? Why would I be from the Wasps just because I have a different opinion to you? I have work experience in the hedge fund industry and distressed asset acquisitions. I'm just calling it as I'm seeing it.
CCFC fan for over 30 years. Not that I need to explain myself to you. Perhaps you should try coming back with an alternative argument or opinion, as it just appears that you chat utter bollocks most of the time?
Don't you agree that Wasps are just as bad if not worse than SISU?
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