Wasps downward spiral... (30 Viewers)

[chiefdave]

Wasps are doing a really great job of investing in training facilities, management, players, the brand and navigating the crisis. I think they are doing a superb job. The arena is located in a very prosperous part of the UK.

This is all pure fantasy.

 

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[duffer]

This is all pure fantasy.

In fairness Rowley’s Green is a lot like Monaco. If Wasps could persuade the Council to widen the canal to take super yachts then it’d be right up there...

 

[Travs]

They seem to be getting results on the pitch though... two crunch matches coming up against the teams immediately below them, which look like they will either see them secure in the top 4 (Europe?), or mid-table obscurity...

 

[oldfiver]

They seem to be getting results on the pitch though... two crunch matches coming up against the teams immediately below them, which look like they will either see them secure in the top 4 (Europe?), or mid-table obscurity...

They lost last night though
It is going to be an odd season as teams rotate their squads to give them both rest and game time

 

[shepardo01]

They lost last night though
It is going to be an odd season as teams rotate their squads to give them both rest and game time

Worryingly, up until last night they have been flying and I think, were the form team of the Premiership.
Hope that the defeat signifies the proverbial wheels falling off.
Have no idea of their squad depth in comparison to others.

 

[Gynnsthetonic]

From the Bond's Board aringadingding: I have checked out the prospectus and there is nothing in there that bothers me greatly. CC2014 some background reading re trustee processes here: hxxps://www.icmagroup.org/assets/documents/About-ICMA/APAC/ICMA-NAFMII-WG-International-Practices-of-Bond-Trustee-Arrangements-031218.pdf The £5m is mostly government grant to get Britain building and not income, agreed, but obviously will add to the stadium value. There is a whole load of detail we could go into if we wanted to but at this stage the dynamic, I think, is that the football club wants to play there but they don't want to pay a lot for that, and probably hope that if the club goes bust they can pick up the stadium cheaply (the low public market valuation helps them think this might happen). Wasps are doing a really great job of investing in training facilities, management, players, the brand and navigating the crisis. I think they are doing a superb job. The arena is located in a very prosperous part of the UK. Rugby as a sport is growing in value as evidenced by private equity investment. Wasps just need to see out this awkward few years when they have got involved in retail security markets, then ideally bring the football club back to the table, but otherwise just keep growing the business and think long term. I think they can do it but as stated above I am a holder

Utter Bullshit!

 

[Kneeza]

I thought this really funny !

Bloody hilarious.
The bit about being in a very prosperous part of the country beggars belief too.
Just desperate.

 

[stupot07]

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Sent from my SM-G965F using Tapatalk

 

[duffer]

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Bigger crowd than usual too, at least twice the number of paying punters than normally attend.

 

[fernandopartridge]

Bigger crowd than usual too, at least twice the number of paying punters than normally attend.

The official gate was a modest 16,543 according to their twitter account

 

[chiefdave]

 

[Nick]

They don't make it easy for people to understand what they are on about and get on side, do they?

It's all cryptic.

 

[chiefdave]

They don't make it easy for people to understand what they are on about and get on side, do they?

It's all cryptic.

Its this he's referring to which is basically a lawyers letter on behalf of Wasps saying the council should ignore all of the issues raised by Sport England and claiming again the centre is unviable despite the fact there's a community group prepared to take over and retain community use.

 

[Terry Gibson's perm]

They are total hypocrites always telling sisu to stop playing lawyers and then as soon as they don’t get what they want get in the lawyers.

 

[MusicDating]

So this is offshore based company instructing lawyers to take down a local charity?

If only there was a helpful PR company reporting this...

 

[djbooth]

Has anyone called talk sport?? I’m sure mr Durham would love that

 

[fernandopartridge]

That is such a poor letter from Wasps' lawyers, no attempt at all to address concerns raised by Sport England. No actual evidence provided for the benefit of a rugby union team moving in (what are they?) it's a private facility so it is irrelevant.

 

[Nick]

Have the Telegraph mentioned it yet?

 

[Liquid Gold]

Has anyone spoken to Richard Keys

 

[Kneeza]

Can't imagine why they thought I'd be interested in this.
Have placed an intial order of 100 units.

 

[shepardo01]

What's going on, they are hammering everyone left right and centre - absolutely flying!!......

 

[ccfcway]

watched today they were awsome

 

[pipkin73]

watched today they were awsome

I know, what the fuck is going on. They lost key players and the kids kicked in (last i heard) but suddenly they are second and winning by bonus points. What the hell!! please someone tell me how to help kill these insect c··ts at bay.

 

[Brighton Sky Blue]

I know, what the fuck is going on. They lost key players and the kids kicked in (last i heard) but suddenly they are second and winning by bonus points. What the hell!! please someone tell me how to help kill these insect c··ts at bay.

Agent Dai was prematurely removed from his post-he needs to be smuggled back in

 

[Terry Gibson's perm]

At least they can’t have any of their idiot fans watching in the ground.

 

[Kneeza]

What's going on, they are hammering everyone left right and centre - absolutely flying!!......

They are up against extremely demotivated sides like Leicester (nothing to play for apart from treating it as a pre-season shakedown) and sides like Bristol who are putting out very much second/development teams.
On Saturday, they were a bonus point up in the first quarter against Bris, yet still managed to concede four tries when Bris eventually settled.
I wouldn't read too much into it, and I wouldn't be at all surprised if they don't get past the first play-off stage.

 

[Kneeza]

Might even have been five tries? Can't recall for sure.

 

[jordan210]

I was having a read of the planning apps for both hotels

wasps ones has no objections

http://planning.coventry.gov.uk/portal/servlets/AttachmentShowServlet?ImageName=1551195

other one quite a few

http://planning.coventry.gov.uk/portal/servlets/AttachmentShowServlet?ImageName=1541529

 

[fernandopartridge]

I was having a read of the planning apps for both hotels

wasps ones has no objections

http://planning.coventry.gov.uk/portal/servlets/AttachmentShowServlet?ImageName=1551195

other one quite a few

http://planning.coventry.gov.uk/portal/servlets/AttachmentShowServlet?ImageName=1541529

Probably all fictitious people

 

[Sky Blue Harry H]

Hopefully the Wasps players are all collecting win bonuses and draining the bank balance. As for the youngsters playing well, they will be after improved contracts. Everything comes to he who waits.

 

[jordan210]

Interesting read

Playing to empty stadiums places premiership rugby under threat

Head of England’s top league says clubs will go bust unless restrictions are eased

www.ft.com

graph looks grim for one club in particular

 

[Sky Blue Harry H]

Ticket Refunds
Discussion started by Garym , 15 September, 2020 09:29
Ticket Refunds
Garym 15 September, 2020 09:29
Anybody know when Wasps are going to move on this? I have had refunds from Exeter and Worcester but nothing from Wasps since they acknowledged my choice on 31/7



Cashflow issues?

 

[djbooth]

Ticket Refunds
Discussion started by Garym , 15 September, 2020 09:29
Ticket Refunds
Garym 15 September, 2020 09:29
Anybody know when Wasps are going to move on this? I have had refunds from Exeter and Worcester but nothing from Wasps since they acknowledged my choice on 31/7



Cashflow issues?

I won’t say cash flow. I would like to know how you get a refund on a free ticket....

 

[Peter Billing]

Interesting read

Playing to empty stadiums places premiership rugby under threat

Head of England’s top league says clubs will go bust unless restrictions are eased

www.ft.com

graph looks grim for one club in particular

Interesting to see Exeter Chiefs chairman Tony Rowe is quoting monthly losses for Exeter of £1m since lockdown. Amazing to think that's almost the same as Wasps monthly losses before lockdown.

 

[chiefdave]

Interesting to see Exeter Chiefs chairman Tony Rowe is quoting monthly losses for Exeter of £1m since lockdown. Amazing to think that's almost the same as Wasps monthly losses before lockdown.

If you take that at face value and assume crowds aren't returning anytime soon that would put Wasps on course for losses of something approaching £15-20m before you even consider the additional impact of the exhibition side of things.

And its now less than 20 months until they have to repay or refinance the bond.

Even the most optimistic Wasps fan must have serious concerns.