Us going back has slowed the process I still don’t see them here in another 5 years
Think the latest accounts only cover the first 3 months of lockdown so potentially much worse to come in the next set of accounts.That figure alone you can see the last year what its done to sporting clubs with big infrastructure and no fans
Agree - our cost base is significantly lower than most clubs. We desperately need to stay up this season, so we can build on what's been developed.we got promotion at the right time, and covid came before we started spending silly
As such, we should have managed our books well
If we can stay up this year, and lockdown eases, we should be in a good position compared to some of our rivals going forwards
There's another self proclaimed expert in the comments saying its down to covid when this is, in the main, the pre-covid accounts.That guy is literally a moron. I don't know how he gets any work.
The difference is mainly down to the CVC money that they received last year for selling shares in the league.
Yeah that's the only reason they showed a profit isn't it? If was a bit of a one off.That guy is literally a moron. I don't know how he gets any work.
The difference is mainly down to the CVC money that they received last year for selling shares in the league.
I think they've been losing around £10m for a good few years.I just stumbled across this on twitter so don't know the ins and outs, but it just looks an awful big loss for a rugby club let alone a decent sized footy club
Two questions for me. Is the refinancing going to be as easy as some make out. A newly moved Wasps proclaiming they will be the richest and most successful club in Europe is very different to where they're at now. Who is going to be rushing to put money in?I think they've been losing around £10m for a good few years.
Agree - why would anyone invest in a failing business model, unless they can see an alternative strategy that could radically change the prospects of the club?Two questions for me. Is the refinancing going to be as easy as some make out. A newly moved Wasps proclaiming they will be the richest and most successful club in Europe is very different to where they're at now. Who is going to be rushing to put money in?
Also what happens when the owner runs out of money, which has been reported in the media may not be too far off. Will there be any willing buyers for Wasps? Leicester, who have the smallest losses in the league, only one club makes a profit, couldn't find a buyer and were eventually taken off the market. Who would want to buy a club struggling on the pitch with massive annual losses and a huge debt?
By tightening their belts on salaries does he mean not paying anybody because that's the only way they'll turn that around.
Don't forget Northampton Saints. I am aware of several regular supporters who live in Warwickshire.Agree - why would anyone invest in a failing business model, unless they can see an alternative strategy that could radically change the prospects of the club?
The success of the Exeter model is based on years of community engagement and a positive identity with the region. The later is something Wasps are obviously struggling with ....and from current loses they don't have time to build that....especially with Coventry Rugby Club having that identity.
Finally, is there really a big enough market for attendances to grow enough to make them self-sustaining? As has been stated by others on numerous occasions Wasps have relocated into an are where Cov Rugby, Leicester Tigers and to a lesser extent Worcester have built allegiances and a following with people in Coventry & Warwickshire.
Sorry - forgot them.....you are right, especially for those people living across towards Rugby and Daventry.Don't forget Northampton Saints. I am aware of several regular supporters who live in Warwickshire.
Standard wasps fan nonsenseBy tightening their belts on salaries does he mean not paying anybody because that's the only way they'll turn that around.
Us going back has slowed the process I still don’t see them here in another 5 years
Just another 20 years depreciation and it might get close to what they paid for it!I notice the value of the stadium down to 48.5 from 51mil
Could Sisu refinance Wasps with the Ricoh as collateral ?
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