Wasps downward spiral... (3 Viewers)

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duffer

duffer

Well-Known Member
Sick Boy said:
Is there a chance they could actually be bailed out?
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That they'd even still be considering bailing out a failing sports franchise whilst actively reducing support to those who need it most, is ridiculous.

www.coventrytelegraph.net

Council defends summer holiday food voucher cuts for Coventry's poorest children

Kids on free school meals got a fifth less this year
www.coventrytelegraph.net www.coventrytelegraph.net

Coventry City Council is not fit for purpose and Kevin Maton disgraces the office he holds.

Wasps are obviously in deep financial mire. The only reason for offering them any financial support is because their failure might embarrass those who enabled their move to the City. It's political cowardice of the very worst kind.
 
Kneeza

Kneeza

Well-Known Member
shepardo01 said:
Also, I have a feeling that if admin is on the horizon, they may start the season before they try to squirm out of debts/bond (hence kicking down the road) as if they do, apparently the "rugby" punishment of demotion cannot be applied once the season starts (think Kneeza posted that).....
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Not me, no. I may have commented about the fact that they could be docked many, many points (as Sarries were a couple of seasons ago) but not be relegated due to the current moratorium on it.
However, if the RFU were to regrow the bollocks it once had when they sent Richmond and London Scottish, and later, Rugby Lions and London Welsh to the bottom of the pond for financial miscreance, then maybe it could happen.
This of course relies on the RFU both having the stones and the will to drop one of its favourite children - so very unlikely. The other clubs were seen as hindrances. Wasps seem to be part of the unimpeachable golden family.
 
MalcSB

MalcSB

Well-Known Member
Kneeza said:
Not me, no. I may have commented about the fact that they could be docked many, many points (as Sarries were a couple of seasons ago) but not be relegated due to the current moratorium on it.
However, if the RFU were to regrow the bollocks it once had when they sent Richmond and London Scottish, and later, Rugby Lions and London Welsh to the bottom of the pond for financial miscreance, then maybe it could happen.
This of course relies on the RFU both having the stones and the will to drop one of its favourite children - so very unlikely. The other clubs were seen as hindrances. Wasps seem to be part of the unimpeachable golden family.
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I think the points deduction would be 35 at least. I am not sure that relegation for financial impropriety can be entirely ruled out in these particular circumstances. It is still a sanction in RFU regulations and would address the issue the Premiership has in that their are 13 teams, not 12, in that league. When such a sanction could apply depends on when an insolvency event occurs. They have already pushed it back beyond release of the fixtures and will almost certainly have pushed it beyond the first match of the season, two key dates unless it can be shown they have manipulated things.
 
N

napolimp

Well-Known Member
Kneeza said:
Not me, no. I may have commented about the fact that they could be docked many, many points (as Sarries were a couple of seasons ago) but not be relegated due to the current moratorium on it.
However, if the RFU were to regrow the bollocks it once had when they sent Richmond and London Scottish, and later, Rugby Lions and London Welsh to the bottom of the pond for financial miscreance, then maybe it could happen.
This of course relies on the RFU both having the stones and the will to drop one of its favourite children - so very unlikely. The other clubs were seen as hindrances. Wasps seem to be part of the unimpeachable golden family.
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Absolutely. I remember how badly the RFU had it in for Welsh, they did not want them up there. It was almost like everyone was looking down upon them, and there was that whole thing with the stadium.
 
shepardo01

shepardo01

Well-Known Member
Here's their reply on the non payment of tax. (Couresty of Bobby)
One comment sticks out... "robust business model"!
 
Nick

Nick

Administrator
Least Bobby is working on the PR.

Haven't they been saying all of that about concerts etc since they moved here?
 
AOM

AOM

Well-Known Member
“We have a robust business model with a busier than ever order book for concerts, conferences, exhibitions and other events which will see us prosper into the future”

As long as you don't need them to maintain or properly prepare it in time for you...
 
chiefdave

chiefdave

Well-Known Member
AOM said:
“We have a robust business model with a busier than ever order book for concerts, conferences, exhibitions and other events which will see us prosper into the future”

As long as you don't need them to maintain or properly prepare it in time for you...
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How many times are they going to try this rubbish. Every few months we hear about how the arena is busier than ever and record breaking amounts of business but they still lose millions.

Not sure there's a single concert currently scheduled is there so that parts bollocks to start off with.
 
B

Brighton Sky Blue

Well-Known Member
chiefdave said:
How many times are they going to try this rubbish. Every few months we hear about how the arena is busier than ever and record breaking amounts of business but they still lose millions.

Not sure there's a single concert currently scheduled is there so that parts bollocks to start off with.
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Indeed

Live Events — Coventry Building Society Arena

www.coventrybuildingsocietyarena.co.uk www.coventrybuildingsocietyarena.co.uk
 
Nick

Nick

Administrator
chiefdave said:
Christmas bingo though, don't know why anyone is worried that will be a huge money spinner. The events seem increasingly like events you get in your local town hall or uni rather than an exhibition space, things like job fairs. The order book looks pretty empty looking at that.
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Yes but that will appease Wasps fans as they won't actually want to fact check.

The other week I had somebody telling me that the arena it's self makes a fortune.
 
steveo1987

steveo1987

Well-Known Member
shepardo01 said:
Only thing is, they have a new set of "fans" who are in powerful and influential positions.... unfortunately, it is all about them....
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Isn't this guy one of the ones who was behind all the parody accounts? Part of the trust or involved in the council (parodies) lot who were posting some weird stuff?
 

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LastGarrison

LastGarrison

Well-Known Member
steveo1987 said:
Isn't this guy one of the ones who was behind all the parody accounts? Part of the trust or involved in the council (parodies) lot who were posting some weird stuff?
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Looking at his Insta, I've got numerous friends in common, including a poster on here ;), so don't think he's some dodgy council/Wasps burner account.

Think it's just a Bulkington thing.
 
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