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Ricoh is confirmed?

Nick said:
Yeah the indemnity
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And the restriction on future legal action. Why is it so hard for you to admit this? It’s there in black and white on both statements.
 
shmmeee said:
And the restriction on future legal action. Why is it so hard for you to admit this? It’s there in black and white on both statements.
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Yes, wasps want ccfc to not be able to have any legal power over anything.

Probably another way to try and force a takeover
 
Any way, regardless of what the issue was last summer it seems a way forward has been found if all these rumours are to be believed so let’s hope we can chalk it up as yet another pointless SBT argument and get back to Cov next season.
 
Nick said:
Yes, wasps want ccfc to not be able to have any legal power over anything.

Probably another way to try and force a takeover
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How would that even make sense? I can’t swim so excuse me if I don’t follow you into the deep end.
 
shmmeee said:
Any way, regardless of what the issue was last summer it seems a way forward has been found if all these rumours are to be believed so let’s hope we can chalk it up as yet another pointless SBT argument and get back to Cov next season.
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I honestly can't wait for that day
 
Just my opinion but an undertaking gets you in to talks i very much doubt it becomes in any way binding until a deal is done. So until a deal is done and signed an undertaking not to do something is just words and not binding on either side. Both sides know this. It certainly has no worth if the deal breaks down because the undertaking fails at the same time and is no longer valid or current

The problem in this saga has always been the careful use of words in statements by all sides that are not wrong but not wholly accurate either. Not sure we will ever know what really was said, agreed or done between the two owners.
 
Gynnsthetonic said:
I heard from a source who works at the stadium is that F&B with Delaware is signed and both parties happy. The sticking point is Wasps want £1m a year rent while SISU are only prepared to offer £500k a year rent and neither party will budge, only what ive been told dont know weather it 100% true but it sounds to me about right.
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a bit more detail than what I was told but sounds the same.
F and B sorted but can't agree rent was what I was told yesterday.
A million is a piss take but it's surely more viable than staying in Brum?
 
To many variables involved that give both sides an easy out. It's mutually beneficial for both to get a deal done but there's so much hard headedness on both sides that until the Telegraph have the front page headline saying how gracious Wasps have been I won't get to excited.
 
If we're paying £1m but they don't have any access to any of our revenue, F&B, parking, sponsorship and a share of the stadium sponsor and we can provide our own stewarding etc. then it may be reasonable. If they want us to pay £1m and keep their hands in everything else then we should just leave them.
 
clint van damme said:
a bit more detail than what I was told but sounds the same.
F and B sorted but can't agree rent was what I was told yesterday.
A million is a piss take but it's surely more viable than staying in Brum?
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Both sides probably taking the mick so just call it half way between
 
Liquid Gold said:
If they want us to pay £1m and keep their hands in everything else then we should just leave them.
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If its basically the same deal we had before even the biggest Wasps fan will surely find it difficult to justify a 900% rent increase.

Makes no difference what division we are in or if there are bigger crowds as we get charged the additional matchday costs if the crowds are bigger.
 
chiefdave said:
If its basically the same deal we had before even the biggest Wasps fan will surely find it difficult to justify a 900% rent increase.

Makes no difference what division we are in or if there are bigger crowds as we get charged the additional matchday costs if the crowds are bigger.
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But then Boddy estimated they made £2m a year from us before with all the extras. Why would they now take half of that just as a base rent?
 
chiefdave said:
If its basically the same deal we had before even the biggest Wasps fan will surely find it difficult to justify a 900% rent increase.

Makes no difference what division we are in or if there are bigger crowds as we get charged the additional matchday costs if the crowds are bigger.
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They must be desperate surely
 
I despise Wasps as much as anybody, but they have got their own financial needs and these are not necessarily in CCFC's favour. Yes they're desperate for cash but it's all the more reason for them to drive a decent bargain, if a headline rent of £1m just adds a big chunk to their bottom line, they're going to try and take it, especially if they know CCFC's deal at Brum when taking everything into consideration can't really be any better.
 
Slice of the sponsorship is the one for me (i.e 50%). Events thing is interesting. What's likely to generate more revenue, f&b or events?
Pitch quality essential.
 
With Wasps financial mess I wouldn’t be to surprised if SISU decide to sit it out a further year at St Andrews.
 
CCFC54321 said:
With Wasps financial mess I wouldn’t be to surprised if SISU decide to sit it out a further year at St Andrews.
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I noticed yesterday they still managed to put 15 players on long term contracts either their not in a mess or the money is coming from a possible deal with us As for sitting it out at S A it will cost us a lot if fans are allowed back.
 
thekidfromstrettoncamp said:
I noticed yesterday they still managed to put 15 players on long term contracts either their not in a mess or the money is coming from a possible deal with us As for sitting it out at S A it will cost us a lot if fans are allowed back.
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The the clubs have been renewing contracts as they made players take pay cuts and to get players signed before FFP or something
 
jordan210 said:
The the clubs have been renewing contracts as they made players take pay cuts and to get players signed before FFP or something
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Sorry jordan210 I should have highlighted long times like we are in at the moment some sportsmen will be glad to get a contract even if it is reduced a bit.
 
thekidfromstrettoncamp said:
I noticed yesterday they still managed to put 15 players on long term contracts either their not in a mess or the money is coming from a possible deal with us As for sitting it out at S A it will cost us a lot if fans are allowed back.
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They'll all be signing new deals on reduced terms
 
1 million a season? How much would it cost us a season to maintain and run a stadium? I'm guessing much more than 1 million.

However, we must get a good deal on OUR match day food and beverage


Either way, sisu won't accept 1 mill... Can't see them accepting north of 500k tbh
 
Evo1883 said:
1 million a season? How much would it cost us a season to maintain and run a stadium? I'm guessing much more than 1 million.
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Suggested years ago it would be useful if the Trust put something together comparing stadium ownership, rental and new build scenarios. I know there's lots of variables but pretty sure you could work something up. Would then give an idea at what point rent becomes the best option.
 
chiefdave said:
Suggested years ago it would be useful if the Trust put something together comparing stadium ownership, rental and new build scenarios. I know there's lots of variables but pretty sure you could work something up. Would then give an idea at what point rent becomes the best option.
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They run the risk of making wasps and the council look bad then though.
 
covcity4life said:
Spirit of 87 twitter still saying 100% playing st ricoh next season
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giphy.gif
 
chiefdave said:
Suggested years ago it would be useful if the Trust put something together comparing stadium ownership, rental and new build scenarios. I know there's lots of variables but pretty sure you could work something up. Would then give an idea at what point rent becomes the best option.
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It would cost around £60 million
 
If Sunny puts something up it usually has a fair bit of weight to it. This has me pretty confident we'll be back at the ricoh
 
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