Nick
Administrator
Its a separate company from wasps completely, doesn't mean he's in wasps for the long haul.
Its a separate company from wasps completely, doesn't mean he's in wasps for the long haul.Think his logic is it shows Robinson is there for the long haul. Not sure why that would convince you to invest 25 grand though.
Do you have a link(s)?Why would you invest in bonds that isn't relevant to the hotel.
I know we have some deluded fans but they have a lot more.
Has anyone seen the training ground application amount of objections
Around about 165 comments with less than 5 on wasps side (with most being from out of area people)
I don't think the public option of wasps is positive as some would think
So have wasps been telling fans to support the application.
Do you have a link(s)?
I wonder how this would work, the u23s tend not to fair well in the EFL cup or whatever they call it this week. What happens if they all get relegated? How could you put players coming back from injury from the first teams into this team, massively unfair surely?
Councillor Jim O’Boyle, cabinet member for jobs and regeneration, added: “This is great news. A hotel has always been part of the wider plan for the whole development, so I’m glad to see this progress. I’m sure it will enable the team to secure even more brilliant events at the Ricoh and of course it will create new jobs for local people.”
So why was the other application turned down?Not sure if anyone saw this quote as wasn't on the Coventry Live article about the Ricoh hotel.
So why was the other application turned down?
Bond payments due today...
Yea that's where I saw that they were due today, would expect if they weren't getting paid they'd have been notified by nowI think this is the website to keep an eye on. as investors use it as a forum
Wasps 22 Chat - WAS1 | ADVFN
I'm sure it will be paid. But what are the ramifications of not paying it ?
I have finally found the planning for the hotel
Coventry City Council: Planning Application Details
Interesting that this image doesn't line up with the plan. As the hotel takes up a lot more of carpark C
http://planning.coventry.gov.uk/portal/servlets/AttachmentShowServlet?ImageName=1522807
View attachment 15046
Was the payment made yesterday?
Was the payment made yesterday?
Do we know if they paid the interest on bonds today?
Richardson will pay them, he has enough money to cover all of the interest payments. Not the £35m bulk return and any refinancing they get will be payday loan rates. They're losing obscene money for a Rugby club and without massive investment of the type a premier league club can dream of they're destined to go pop eventually.
Someone who has £100m in the bank would be dead broke within a decade. All to be the owner of a relegation threatened rugby club and very little hope of turning it around. I don’t see it.Which just means another millionaire can arrive to prop them up
Someone who has £100m in the bank would be dead broke within a decade. All to be the owner of a relegation threatened rugby club and very little hope of turning it around. I don’t see it.
To nowhere near the same extent, premier league football is guaranteed huge incomes, even if the clubs don't use them properly, and the global exposure is huge. As we can see so many owners use the clubs as branding exercises because they know the power of exposure. Rugby going out ot a few thousand weirdos on BT sport just doesn't have the popularity and in Wasps case they have no hope of ever getting a return. In the Championship you lose £10m a season over 10 years and 1 promotion pays it all back, in Rugby they might get to the Champions Cup final but the money involved barely dents what they're losing.Same could be said for many football clubs in the Championship or even the Prem
To nowhere near the same extent, premier league football is guaranteed huge incomes, even if the clubs don't use them properly, and the global exposure is huge. As we can see so many owners use the clubs as branding exercises because they know the power of exposure. Rugby going out ot a few thousand weirdos on BT sport just doesn't have the popularity and in Wasps case they have no hope of ever getting a return. In the Championship you lose £10m a season over 10 years and 1 promotion pays it all back, in Rugby they might get to the Champions Cup final but the money involved barely dents what they're losing.
Yeah but what do they do? They go into administration and tumble down the leagues for a few years, us, Bolton Pompey etc.And if promotion doesn’t happen the club has gambled its existence. I’m not sticking up for the insects as a viable business but heart rules head in a lot of these cases.
Yeah but what do they do? They go into administration and tumble down the leagues for a few years, us, Bolton Pompey etc.
In Rugby they just go bust.
The Ricoh is attached to £35m debts that are impossible to pay back and extremely difficult to refinance. I'm 95% sure that they won't have the stadium come May 2022As long as the Ricoh is there they are not just a tinpot shit rugby team
The Ricoh is attached to £35m debts that are impossible to pay back and extremely difficult to refinance. I'm 95% sure that they won't have the stadium come May 2022
The Ricoh is attached to £35m debts that are impossible to pay back and extremely difficult to refinance. I'm 95% sure that they won't have the stadium come May 2022
Spot on. This is something Sepalla was correct about in her Sky interview. Wasps are maxed out, despite what they seem to have banked on their league isn't going to suddenly explode to match the Premier League.To nowhere near the same extent, premier league football is guaranteed huge incomes, even if the clubs don't use them properly, and the global exposure is huge. As we can see so many owners use the clubs as branding exercises because they know the power of exposure. Rugby going out ot a few thousand weirdos on BT sport just doesn't have the popularity and in Wasps case they have no hope of ever getting a return. In the Championship you lose £10m a season over 10 years and 1 promotion pays it all back, in Rugby they might get to the Champions Cup final but the money involved barely dents what they're losing.
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