if wasps can't pay off 14 million plus interest over 40 years then they don't deserve to be running a chip van let alone an arena. the loan is until 2053.
really - need to explain how to clubs like bolton, blackburn, cardiff, Middlesbrough, qpr to name but a few. that's before you look at a host of championship clubs wirh massive debt who haven't managed to get there yet.
because one thing the last few years have shown is the inability of ccfc fans to find or unite behind any sort of effective strategy to address all the issues surrounding the club. our pioneering days were primarily driven by one man - jimmy hill. don't see another jimmy out there.
be interested to put these sites against the FOI requests.seeing as Rugby council were supposedly contacted by the trust on 19th november 2014 and were reported to. have replied as not having held any talks.
exactly the questions that need to be answered.also will the football club have a share in the property company? what will the rent be? what does "access to revenue streams" mean? ( a fisher favourite).
We've heard all sorts of versions about this stadium funding and ownership.
it's been funded by equity, it's been funded by a 50-50 equity - borrowing split.
A company would own it and the club would rent it with access to more revenue streams or the club would own it.
It will be interesting...
one of the major difficulties is that the normal route of working with a large supermarket is less and less likely. nearly all the chains are already sitting on large chunks of undeveloped land that they don't want to use as well as seeing store closures and cost cutting.
i have yet to see any figures from us or any championship club that proves a significant difference to income based on normal stadium revenue streams. not every stadium is like the Ricoh in being able to offer non-football related income. Fisher said the f&b spend (not profit!) is less than 2...
there still be fewer clubs than in the data provided spending these sums. you're still going to need an idiot with money to burn to guarantee the losses of past 5 million a year.
this point is getting sidetracked into wages rather than the original notion that rent levels are what would make...
problem with this data is that it precedes FFP. whilst some bigger clubs might still have silly wage bills a large number will have to reduce theirs considerably. a wage bill of 8-9 million coupled with good management should be enough to give a club a chance to remain in the championship.
and that's worse than where we are now? at least give yourself a chance. is a championship club with our debt levels more valuable than a league 1 club with our debt levels? it is still difficult to see why any rent increase would be so harmful against such improved income levels.
19.4 m didn't refer to the value of ACL. i think it was the total value of the loan. seriously a copy of the jr needs putting on this site for ease of reference.