Search results

Too soon for that to be on Co House, and it was nothing than a thought on my part. The assumption being made is that Compass pulled the plug on the deal ....... what if it was the other way round and Wasps got a better deal with Delaware and pulled the plug on Compass? The losses incurred by...

Just a couple of thoughts Any deal for Maddison's sale might well be on staged payments so if he goes for a total of £20m it doesn't necessarily mean that we get a full cut of the fee immediately. For SCMP it is the amounts physically received that count in the calculation so unless received...

It may even be that IEC ceases to exist ........... it isn't part of the bond guarantee and perhaps the new deal with Delaware is done on a different basis like a franchise?

That means that the £4m becomes payable now because the deal is not continuing doesn't it ? Had it continued it would not have been payable. But that was in 2012 and a new agreement was entered in to in 2015 so is the 2012 one still valid? Wasps will have to pay a considerable amount out to...

Interesting data but not really unexpected is it? . CCFC should reasonably expect to be mid table next season when it comes to incomes, based on the 2017 (6.1m) turnover when we were last in L1. That bodes well in terms of competing in that division. It wasn't too far off the average for the...

Also whilst much is talked about the SCMP budget each club sets it is not the budget that really counts especially if a club is trying to be self sufficient. It is just a arbitrary calculation. The budget that really counts is the cash flow of the club There are ways to spend more than the SCMP...

This might make things a bit clearer as to how it affects L1 & L2 teams (in those divisions the calculation is SCMP not FFP). It is not a straight percentage of turnover SCMP (League 1 & 2) Salary Cost Management Protocol (SCMP) explained Update: The EFL have now published more details on...

Can we please stop making claims about SISU funding this or that, what a great job they have done. They have kept a handle on the finances steadied the ship for now, I accept that, but that should be basics not cause for congratulation. The only thing they have funded over the last few years...

Promotion might create real problems for SISU.............. it will need major investment to support it in L1 but even more so in the Championship where the incomes required and the costs are much greater, where is that going to come from? get promoted and fail, ending up relegated could...

Ok my tuppence I have no sympathy for Fisher, he made his bed and has to lay on it. The improvement has been that he is seen but not heard Do SISU provide a budget? from what I see they are lenders of last resort who put in on average 500k per annum when cash flow has fallen short ...... and...

interest on the ARVO loan 2017 was 1.167m on capital borrowed 5.986m ............. that is around 19.5% Hasn't been paid out, it has been accrued

League 1 is where MR will really earn his money. We have been promoted from a poor L2. I do not think L1 will be quite as forgiving and we can not afford to stutter like we did this season. We have momentum and a sense of positivity around the club which is all going to help but there are a...

Great day, great result and well deserved. The best team won. Good to spend time with my son and friends amongst a superb sky blue army Aside from the result one the things that pleased me was seeing the players putting in some proper tackles..... you know the type I mean "that's my ball and...

Ok at Coventry so far, no problem getting on train.

indeed Think this highlights the financial stress not just at Wasps but in Rugby generally. I don't think the resources are there in most clubs to meet the increasing player demands. Many clubs it seems to me are cutting back, many are turning back to home grown talent. Not an expert in things...

about time ....... misses the real point that they have a cash flow deficit of 1.5m which is part of why the auditors highlighted the material uncertainty. Apart from that reasonably balanced and factual. Wasps are not about to cease to trade and do rely on the goodwill of Richardson to keep...

Personally I think there is some truth in the middle ground. Wasps financials should not simply be ignored (as has been the case so far with the CT) but equally the "analysis" done by Reid though having some technical correctness is unbalanced and misleading designed to cause damage, there...

There is room for improvement .... whether they can or not I don't know. As for the interest on the shareholder loan then that seems to have been waived and written off each year. The direction of travel has been towards breakeven so far as a group.... I would think 2018 has been harder.

The financials. Will summarise then make a few points Turnover up - improved Gross Profit up - improved Gross margin up - improved other income up - improved administrative expenses down - improved Operating profit before exceptional & other shareholders 2017 £499K loss 2016 £3.772m - improved...

Will try to keep to the main points. But i will do it two sections and deal with the audit report first The financial statements as presented and prepared on a going concern basis give a true and fair view of the Group situation at 30 June 2017, comply with the International Financial Reporting...