shmmeee
Well-Known Member
Id argue good will among your customer base is always valuable.
Then why were they the ones to end talks?
Fresh Ricoh talks (2 Viewers)
- Thread starter Skybluefaz
- Start date
Id argue good will among your customer base is always valuable.
Then why were they the ones to end talks?
Grendel
Well-Known Member
No one knows who actually did end talks but at the time there was some expectation of fans returning and the other side of the business re-opening. Wasps (Holdings) are in a precarious position - no doubt about that and they need a way of hiking the valuation up given the continued lack of cash coming through - Rugby itself is on the brink of collapse and Wasps have 75% of revenue (which barely breaks even) tied up in non sporting income streams
steve cooper
Well-Known Member
If I were a Wasps bondholder I wouldn't be very happy about being asked to waive the covenants while they were turning down obvious income.
Grendel
Well-Known Member
It depend who owns the bonds...........
Flying Fokker
Well-Known Member
The record is stuck. Only a smallish crowd will follow city away from Cov again. If we come back it will take time to gain trust again...no matter who is to blame.
Flying Fokker
Well-Known Member
My thoughts as well. They need to find money from everywhere, make their balance sheet as good as possible and keep the remaining shareholders on board.
Maybe SISU has built up a stake in Ricoh?
I had always thought along the lines of "sod Wasps, sod the Ricoh, let's stay at Birmingham"
But to be honest, if Wasps' future is as bleak as made out to be, then a couple of million extra revenue a year from us won't save them, so we might as well get back there (if we can)
But to be honest, if Wasps' future is as bleak as made out to be, then a couple of million extra revenue a year from us won't save them, so we might as well get back there (if we can)
jordan210
Well-Known Member
pride comes before the fall
Evo1883
Well-Known Member
Always in Coventry, that's the answer
Frostie
Well-Known Member
Can only be viewed as positive news of course but the timing is strange from a CCFC point of view.
Whilst no fans are allowed the primary concerns should be the quality of the pitch + whatever is financially beneficial to us.
The playing surface at St Andrews is vastly superior & we know there is a significant break clause to get out of the St Andrews deal.
Not sure we should be propping up Wasps in these circumstances.
Whilst no fans are allowed the primary concerns should be the quality of the pitch + whatever is financially beneficial to us.
The playing surface at St Andrews is vastly superior & we know there is a significant break clause to get out of the St Andrews deal.
Not sure we should be propping up Wasps in these circumstances.
Evo1883
Well-Known Member
Sky Blue Harry H
Well-Known Member
Need to be back for next season. This season - crap pitch, no fans? No thanks. That said, great if we get a fair deal.
Colin Steins Smile
Well-Known Member
Screwing each other financially is the basis of a market economy. It’s not going to happen.... and before someone replies stating mutual benefits... yes, but only if a both parties think they’ve hot one over the other! I might be a bit cynical from years in business
shepardo01
Well-Known Member
Wasps season finishes in the next couple of weeks.
Not sure when the next is due to start.
Colin Steins Smile
Well-Known Member
True and they might prefer a lower return rather than administration of the company and getting 10p in the £1
fatso
Well-Known Member
7 to 10 years is now being talked about.
Contrary to what many believe, no site has even been agreed as yet, let alone secured.
All that has actually happened is that some "talks" have taken place, and nothing more.
shmmeee
Well-Known Member
This could apply to literally any participant in this mess.
shmmeee
Well-Known Member
Not to go all I told you so, but I did in fact tell people so at the time. We don’t even have a partnership yet.
Still, I’m happy for Sisu to piss about if they do it while CCFC play in Cov.
Colin Steins Smile
Well-Known Member
I have a suspicion that the Conservatives change of position to potentially oppose the new ground is possibly connected to all the conservative members, donars and voters living in expensive houses on gibbet hill and cryfields. They don’t fancy having football fans walking past their place
jordan210
Well-Known Member
but we have heard multiple times that it was wasps or a 3rd party of wasps that have been the reason for the deal collapsing.
Doesn’t rugby season finish soon. So that would be another income stream gone for wasps until the new season starts
shmmeee
Well-Known Member
Oh yeah totally applies to Wasps re the talks.
Also applies to CCC for not seeing Sisu as worth talking to and Sisu for trying a rent strike without a fallback option. Hubris all round.
fatso
Well-Known Member
If only limited numbers of fans will be allowed to attend, I'd sooner play at Cov rugby club than the Ricoh.
Fuck Wasps.
steve cooper
Well-Known Member
Yes, some of the bondholders may have been instrumental in this whole saga
The Baseball ground?Maybe a bad Ricoh pitch will help us against good footballing Championship teams
Like to see Bournemouth try to play as quick on this
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Skybluedownunder
Well-Known Member
50% ownership of the Ricoh or No Deal Noel
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Sky Blue Pete
Well-Known Member
That would be a huge shame. There has to be an agreement that suits both parties for the good of us fansScrewing each other financially is the basis of a market economy. It’s not going to happen.... and before someone replies stating mutual benefits... yes, but only if a both parties think they’ve hot one over the other! I might be a bit cynical from years in business
Sky Blue Pete
Well-Known Member
November
mr_monkey
Well-Known Member
Where have you seen about the 7/10 years mate?
mark_ccfc
Well-Known Member
Screwing each other financially is the basis of a market economy. It’s not going to happen.... and before someone replies stating mutual benefits... yes, but only if a both parties think they’ve hot one over the other! I might be a bit cynical from years in business
Only where you are in competition with each other. Generally rugby fans are separate from football crowds so any deal should be mutually beneficial. Under current conditions though, in the short term, unless wasps substantially undercut the deal we have with Birmingham, it's hard to see what benefits there are in returning to the Ricoh.
Sky Blue Pete
Well-Known Member
As I understand things that’s a non starter
fatso
Well-Known Member
That's what Joy herself quoted in a web meeting approx 2 weeks ago to a close family member of mine who is going to be inevitably involved should the "idea" of a new stadium progress.
She was also very vague in answering any questions about the potential stadium, to the point where the above mentioned family member is now 100% convinced it's nothing more than a smoke screen covering other reasons.
Sorry for the cryptic answer, but discretion is needed for obvious reasons.
But in short, forget any new stadium.
