Wasps downward spiral... (2 Viewers)

Nick

Administrator
Has anybody heard that wasps own the rowleys green club and are going to turn it into a supporters club? Another place to avoid and I can’t see it being a money spinner apart from a few days a year, but a nice bit of land if they knock it down to build houses in after it fails.
Want it wetherspoons?
 

Peter Billing

Well-Known Member
Odd they made a statement to the national media but not one word to fans on their website or social media. What chances his 'stepping back' is a fudge around the cash situation to pay up his contract.
 

CCFC54321

Well-Known Member
My five pence is it appears that as Wasps have had some luck with saracans being relegated dai Young has been in talks with the wasps ‘owner’ regarding next season and been told he hasn’t any investment available for new players in the close season to keep them up decided then it’s best they have part there ways now.
 

wingy

Well-Known Member
Well they're on the way to eternal survival/ stagnation after what the RFU has done today, almost cementing the closed shop of Prem Rugby .
Article in the Cov Rugby thread for anyone who hasn't seen.
 

Nick

Administrator
It seems as if they are really trying to do a job on Saracens as well.

Relegate them, slash funding.
 

Nick

Administrator
Strange how they haven't made an official statement about their manager going, they just gave the Telegraph a small snippet to spin for them.

Not even a tweet thanking him or wishing him good luck etc.
 

CCFC88

Well-Known Member
It seems as if they are really trying to do a job on Saracens as well.

Relegate them, slash funding.
Don't think a cut in funding will hurt Saracens will it? They are in this position because they had too much money they wanted to spend if anything.
 

Grendel

Well-Known Member
It seems as if they are really trying to do a job on Saracens as well.

Relegate them, slash funding.

Its the opposite - Saracans are protected and it’s just a way to getting a 13 club premier league and freeze relegation
 

Liquid Gold

Well-Known Member
I don't get them. There's no relagation in american sports but there are shit laods of teams so it stays interesting. I don't know where the entertainment value is in playing the same 12 sides year after year.
 

Kneeza

Well-Known Member
I don't get them. There's no relagation in american sports but there are shit laods of teams so it stays interesting. I don't know where the entertainment value is in playing the same 12 sides year after year.
It's pretty much that now. And it's shit.
 

chiefdave

Well-Known Member
It's pretty much that now. And it's shit.
Think its a stupid route to go down. For a start you've created a league where every year all but a handful of games will be meaningless. What makes them think fans of lower half sides will keep paying week in week out to watch meaningless matches, or that the TV audience will bother tuning in?

Seems a bit of a house of cards as well. What happens when the teams at the bottom start deciding they're better off in the Championship? Can't think of a closed league in this country that hasn't run into problems when teams have decided their long term future is better elsewhere.
 

SBAndy

Well-Known Member
Think its a stupid route to go down. For a start you've created a league where every year all but a handful of games will be meaningless. What makes them think fans of lower half sides will keep paying week in week out to watch meaningless matches, or that the TV audience will bother tuning in?

Seems a bit of a house of cards as well. What happens when the teams at the bottom start deciding they're better off in the Championship? Can't think of a closed league in this country that hasn't run into problems when teams have decided their long term future is better elsewhere.

Short-termist thinking from PRL, as you’ve said there will be a breaking point where fans of Worcester etc think “this is utterly pointless”. But no, owners look at it like an increase in value of the club due to the premium position they hold. Next thing to go will be the salary cap and then all but a couple are fucked.
 

oldfiver

Well-Known Member
Think its a stupid route to go down. For a start you've created a league where every year all but a handful of games will be meaningless. What makes them think fans of lower half sides will keep paying week in week out to watch meaningless matches, or that the TV audience will bother tuning in?

Seems a bit of a house of cards as well. What happens when the teams at the bottom start deciding they're better off in the Championship? Can't think of a closed league in this country that hasn't run into problems when teams have decided their long term future is better elsewhere.


Allegedly there are plans for some form of European league system
 

CCFC54321

Well-Known Member
Why anybody would pay to watch a rugby match now is beyond me now the competition except the top four teams is pretty pointless.

All this does is delay be one year wasps demise. It’s like watching somebody slowly deteriorate until you want the best for them to go peacefully.

I’d have a bet the wasps manager has gone as he knows it’s going to get tougher to attract any talent there as the words got around the rugby world that wasps are a basket case of a club heading for liquidation. He knows they have to pay the bond back next season and that’s why they have no money or the money to pay it back.

Oh good luck Leicester today. Never thought I’d ever say that!
 

wingy

Well-Known Member
Short-termist thinking from PRL, as you’ve said there will be a breaking point where fans of Worcester etc think “this is utterly pointless”. But no, owners look at it like an increase in value of the club due to the premium position they hold. Next thing to go will be the salary cap and then all but a couple are fucked.
Couldn't agree more
Same with Chiefs quote.
I'm not a big fan of following American models ,think the involvement of CVC and Gallagher Will see the sport as a whole turned into a huge Jamboree rather than a contest.
All bodies seem to be dancing to their tune.Ugh.(vomit)
 

fernandopartridge

Well-Known Member
In what would have been a relegation playoff today they got battered.
Few comments on Facebook from some of their new fans about being sick of them losing all the time. I pointed out that Cov RFC win a lot more on average so they'd be better spending their money there. It isn't as if half of these people know what the difference is between 'top class' (sic) and ordinary rugby
 

skyblue1991

Well-Known Member
If it weren't for Saracens I'm convinced Wasps would've been relegated.

Let's hope Newcastle are strong enough to stay up next season!

Sent from my I3113 using Tapatalk
 

Nick

Administrator
Yes Wombles. Of course we are. But it is our only asset as well as being a loss making white elephant. It’s literally ( for rugby attendance and hollow experience) and financially too big for us
What I mean is the bond holders have collateral over any assets and unless we can find a spare £35m ( no further city financing will be available based on our horrendous losses) , and more to repay Derek, they will enforce a fire sale

Certainly a long way from being the wealthiest club in Europe, which is what we were touted as being when we bought the Ricoh, casino etc and all.
Thanks to Derek for helping us through all this, very generous indeed. But he’s a businessman as well as Wasps fan, and can’t sustain these losses.
Worrying times indeed.

The financials are, in my view, a disaster.
Until just before Xmas it was my job to set the price of the Wasps bond (and a whole bunch of others), so while I am not an analyst or accountant, we did keep an eye on the numbers. They look awful to me. I dare say the club thinks it has a plan but after they breached the covenants and tried to remedy the situation by pretending that an injection from DR counted towards profit I don’t have much faith. The stadium, far from being an asset, seems to be a drain on profitability.

Where are all of the richest club in the world comments now?
 

CCFC54321

Well-Known Member
If it weren't for Saracens I'm convinced Wasps would've been relegated.

Let's hope Newcastle are strong enough to stay up next season!

Sent from my I3113 using Tapatalk
They WILL go down next season. That’s not simply hatred for the bastards it’s simply due to the fact they are absolutely broke and staying alive simply down to a owner who is reckless with his money and payments thrown at them from the saracans fine and the money given to them by the rugby league ownership change last year.

I’ve said before this would end in tears for them. The Coventry public hasn’t taken to them like wasps said they would and expected and with results awful and gates going down and paying customers going down it end in tears.

A wasps supporter summed it up late last year when she told me it is a simply awful experience watching them lose every week and the atmosphere is shite. I couldn’t be happier.
 

Terry Gibson's perm

Well-Known Member
It really isn’t what these shallow idiots that follow them thought they were getting, they expected wins, trophy’s and razzmatazz.
 

CanadianCCFC

Well-Known Member
That's the best bit about it for the shallow bandwagon fans.

For the lifelong genuine fans I feel sorry for them.
If most are from London/London area wouldn’t they be better off long term having a Phoenix club in London so they don’t have to keep coming to Coventry for games?
 

CCFC54321

Well-Known Member
From The Times. ......

Dai Young is stood down by Wasps amid tension over signings

Wasps are in a state of disarray following the club’s sudden decision earlier today to relieve Dai Young, the director of rugby, of his first-team duties, nominally for “an interim period”. The former Wales prop, 52, has been in charge at Wasps since 2011, overseeing the club’s move from London to Coventry five years ago, and senior players were understood to be shocked yesterday morning when they were told that Young would not be in charge for the Gallagher Premiership game away to Leicester Tigers on Saturday.

After a meeting of the club’s senior management, the news was broken to the first-team squad at Wasps’ training base that Young was stepping back from his role and that Lee Blackett, the attack coach, would be taking charge of the team this weekend. Young has not been dismissed from his position and the announcement to players was understood to be heavily loaded with legal terminology.

The director of rugby’s contract with the club runs until 2023 and paying off such a lengthy deal would be problematic for a club with considerable debts. Having finished eighth in the league last season, Wasps lie ninth in the Premiership table at present, suffering six defeats in their first nine matches.

A club statement said: “Director of rugby Dai Young will be stepping back from first-team duties for an interim period. Lee Blackett will step up to interim head coach. Further announcements will be made in due course.”

It is understood that tensions have been growing between Young and the club’s owners over the amount of money available for players next season. After the recent departures of a raft of internationals, including Elliot Daly, Nathan Hughes, Willie le Roux and Danny Cipriani, Wasps have been spending below the £7 million salary cap this season and Young had been finding it increasingly difficult to attract new signings.

The club’s ongoing struggle to secure a permanent training base has been another source of frustration, having camped in temporary accommodation at Broadstreet RFC since the move to Coventry in 2014, with the latest plan to move to a site in Henley-in-Arden in time for the start of next season.

Young joined Wasps from Cardiff Blues in 2011 and, three years later, with the club on the brink of going bust, he oversaw the move to the Ricoh Arena under the ownership of Derek Richardson, who had taken control a year earlier.

A period of success followed the move, with three consecutive top-four finishes from 2016-18 and a near miss in the 2017 Premiership final, when they were agonisingly beaten in extra time by Exeter Chiefs at Twickenham.

Last season saw them tumble out of the top four and there has been little sign of progress this season. Now Young’s future at the club is shrouded in uncertainty, with no indication of just how long his “interim” period away from the helm is likely to last.
 

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