Moff
Well-Known Member
I hope you are covering all buisenesses in the city likewise. Best get out the yellow pages and ring them in order to see if anymore are remortgaging
Sounds like spurious bullshit to me.
I expect outrage as the poor taxpayer will be missing out on those lucrative payments. Weren't we told that it was a great deal for the taxpayer?
The article says no discount on the loan amount (principle) however, no more interest. There is probably a penalty clause, but it certainly won't be pay the full interest
Worryingly paying the loan off means any undertakings given to CCC about tenure for CCFC are likely to disappear too.
Still waiting for Ann Lucas to come and pose for a picture because I employed an Electrician, Plumber, Carpenter and Plasterer and thought she would want to take the credit.
Sounds like spurious bullshit to me.
She might try and take all the credit though...you know 'its all about her'
Must be a slow news day if Simon is covering remortgages.
Any other buisnesses in the city paying off loans early? If so contact the Telegraph as it will be front page news.
It only made page 2
I like this blokes comment
If Wasps want to pay off their mortgage even sooner,they should put Sisu`s rent up to pre-Northampton levels. After all , Wasps are not a charity.
I like this blokes comment
If Wasps want to pay off their mortgage even sooner,they should put Sisu`s rent up to pre-Northampton levels. After all , Wasps are not a charity.
Worryingly paying the loan off means any undertakings given to CCC about tenure for CCFC are likely to disappear too. Whilst it is locked in for another year I wonder what the terms of the option are for the two years after and who can activate the option.
As I understand it Wasps are getting £100k ish from CCFC at the moment, there is a bit made on the car parking and the F&B's but with crowds so low it is not going to be a great amount. I wonder what the breakeven is for Wasps because that colours the their thinking going forward as to what they can offer CCFC. I also wonder what the relationship is between senior executives/owners on both sides.
more uncertainty for CCFC it seems to me
Lets not forget though that CCFC play almost twice as often as Wasps
23 games a season at 8-9k crowds is more fans through the turnstiles than 11 games at a 15k average.
What a wanker
Sounds like spurious bullshit to me.
And on a match day too. What were the chances of that?
Not sure what I'm going to do in the Summer.
I have a fence needs creosoting.
I only publish on match days.
Not sure what I'm going to do in the Summer.
It's ok we can have an article about you hiring with a pic of ann LucasI have a fence needs creosoting.
Great come back lolSorry. I only do whitewashing apparently.
I only publish on match days.
Not sure what I'm going to do in the Summer.
There's a fair point made in there though. Wasps aren't a charity... and to expect a commercial business to roll over and give us a fabulous deal when they hold a monopoly on large-ish stadium supply in the area is... more optimistic than I am.
I think they will be borrowing against the new deal on income from TV money agreed in mid March.
Premiership Rugby Ltd and BT Sport have announced a new six-year contract for exclusive live rights, understood to be worth around 80% more than the current agreement and the previous deal was worth £152 million
Unfortunately its not that simple. Its not just about the numbers turning up. It is all about the secondary spend and the time periods for that spend. Football fans tend to turn up close to the kick off and leave soon after the end of the game. Not the same for rugby crowds who stay longer and are more willing to part with cash. The spend per head will be different possibly significantly. Then factor in the hospitality business done - match days CCFC some of the restaurant space isn't used because they don't have the business, Wasps all areas are used.
Wasps of course do not receive any ticket income from CCFC match days
Equally its going to depend on how costs are allocated and there is a minimum level of cost to opening up the whole stadium. Depends when the deal was done what the forecast crowd numbers were, if breakeven was budgeted at 8900 then fine but if it was budgeted at 11000 then Wasps are not recovering all cost
Is it 11 games a season? checking the Wasps fixture it list looks like there will have been 18 home games this season in total (adams park & Ricoh). But it is not relevant really is it because CCFC gets its ticket income not Wasps.
So the income from CCFC matches for ACL/Wasps is day rental £100k, a share of F&B/hospitality and car parking. There are of course staffing and overhead costs to offset that
11 guaranteed games in the Aviva premiership I think, rest will be cup fixtures.
I considered it relevant because it increases match day revenue directly by fans spending at the Ricoh, if CCFC are getting at least the same number of fans through the turnstiles by virtue of having more matches as well as paying rent and match day costs. Then it would seem ignoring the non sporting side that CCFC are still the major contributor to ACL and they are still leeching off us.
And CCFC contribute to staffing and overhead costs as they pay match day costs still dont they? Which will go towards pitch maintenance, staff and other costs, this is on top of the 100k and any other costs like stewarding, ticket staff and emergency services are also covered by the club.
It would seem Wasps have got a very good deal out of us, 100k for the privilege of playing there, a contribution to match day costs, they don't have to hire stewards or ticketing staff or arrange emergency services and for all there hard work they get 50% of our match day revenue and 100% of any non match day revenue contributed by CCFC fans
Wow, I know people are bitter and twisted but this must be right up there amongst the best.
Whilst in league 1 CCFC have an excellent deal at the Ricoh. As for leeching, do you really think a £100k rent and selling a few manky pies is going to make much difference to ACL paying off a £14m debt.
Wow, I know people are bitter and twisted but this must be right up there amongst the best.
Whilst in league 1 CCFC have an excellent deal at the Ricoh. As for leeching, do you really think a £100k rent and selling a few manky pies is going to make much difference to ACL paying off a £14m debt.
Wow, I know people are bitter and twisted but this must be right up there amongst the best.
Whilst in league 1 CCFC have an excellent deal at the Ricoh. As for leeching, do you really think a £100k rent and selling a few manky pies is going to make much difference to ACL paying off a £14m debt.
The old whilst in league 1 argument, so you have no ambition to get out of league 1 and sustain a higher level of football ever?
Isn't the current deal significantly better than the sixfields deal which was for a pretty ordinary League 2 ground? and where we paid for a new pitch at least ACL are paying for this pitch.
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