Nick
Administrator
Its a separate company from wasps completely, doesn't mean he's in wasps for the long haul.
Wasps downward spiral... (3 Viewers)
- Thread starter CCFC54321
- Start date
Do you have a link(s)?
jordan210
Well-Known Member
for what bit ?
steveo1987
Well-Known Member
Terry Gibson's perm
Well-Known Member
Covstu
Well-Known Member
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?
steveo1987
Well-Known Member
So why was the other application turned down?
jordan210
Well-Known Member
no free nights stay and tickets I guess
jordan210
Well-Known Member
I 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 ?
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 now
Liquid Gold
Well-Known Member
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.
jordan210
Well-Known Member
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
Better image of land uses here. Interesting that the road in and out becomes part of the hotels boundary not the carparks
http://planning.coventry.gov.uk/portal/servlets/AttachmentShowServlet?ImageName=1522819
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
Better image of land uses here. Interesting that the road in and out becomes part of the hotels boundary not the carparks
http://planning.coventry.gov.uk/portal/servlets/AttachmentShowServlet?ImageName=1522819
Liquid Gold
Well-Known Member
Terry Gibson's perm
Well-Known Member
Was the payment made yesterday?
jordan210
Well-Known Member
I did see on a different site it was due today. So who knows
fernandopartridge
Well-Known Member
I'd assume so
jordan210
Well-Known Member
Brighton Sky Blue
Well-Known Member
Which just means another millionaire can arrive to prop them up
Liquid Gold
Well-Known Member
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.
Terry Gibson's perm
Well-Known Member
Rugby seems to be a fantastic way to shrink your fortune, if I was this Richardson bloke my wife would be all over for wasting money on this car crash club.
Brighton Sky Blue
Well-Known Member
Same could be said for many football clubs in the Championship or even the Prem
Liquid Gold
Well-Known Member
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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Brighton Sky Blue
Well-Known Member
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.
Liquid Gold
Well-Known Member
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.
Brighton Sky Blue
Well-Known Member
As long as the Ricoh is there they are not just a tinpot shit rugby team
Liquid Gold
Well-Known Member
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
Grendel
Well-Known Member
It’s actually a lot less than that as some if the debt is the owners loans
Brighton Sky Blue
Well-Known Member
I hope you’re correct but sneaky suspicion a white knight will arrive as they always seem to for everyone besides us!
chiefdave
Well-Known Member
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.
Remember looking at the viewing figures when Italia was having one of his rants and one game of ours on Sky got higher viewing figures than all the Wasps games combined. That fact is being hammered home now as they're struggling to sell the TV rights which inevitably means the amount they receive will be a considerably lower than they were expecting.
Rugby has completely failed to learn from football and all the other sports that went before it. Its relatively new in terms of being professional and they had the opportunity to set it up in a way that made it profitable and easily sustained in the long term. Instead they saw pound signs that weren't there.