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Worcester symptomatic of several professional rugby clubs ( and more than a few football clubs). Completely reliant on owners money as not viable businesses. then sadly in these cases owner dies and family aren't interested in continuing on.

Also any commercial lender is going to want a full report on actual stadium valuation and these reported repairs that need doing. Nothing in Wasps historic financial performance to show they can service a 10 year loan. Add in level of debt to owner and it just looks shaky

seems hard to believe they can raise new funds from a "commercial" source when the bondholders would hold the first option on the main asset. Again there is nothing in the historic performance of the Arena to suggest it is a money spinner or that income streams can be dramatically increased in...

Yep. F1 can spin it how they want but it's still the same as before. One team well ahead of the rest. It's not competitive enough. It's fine there's a bit better racing in the low point areas but DRS needs tweaking to prevent these continual "DRS trains" that are tedious. Perez is the new...

Jimmy Anderson still a joy to watch when he's on it.

Don't think it's a huge amount - some rent, parking (most of Styles' fans aren't old enough to drive) and F&B (not sure what the F&B % is)

offer, acceptance,consideration is what my lawyers used to recite to me.

Hotels, Bars, Concert Venues and other similar businesses went under all over the country and so the fact that we are still here is a testament to how well the club is run. They've had so much advance money against future income plus COVID loans etc. They've scalped their players wages. Man's...

exactly right. Had 17/18 years of various stadium management entities and none have managed to do much with it. All sorts of large catering, corporate & entertainment partners and again none have cracked it.

Article fairly gloomy for the future anyway. It's money upfront rather than extra money ( much like the TV money etc they've already used). Plus there's the 10 odd million borrowed from govt during COVID.

It basically goes back to the initial loan the council took out to finish the stadium. Ccfc rent reduced the original amount but that loan basically hasn't been cleared in 17 years of stadium management. In one guise or another it remains.

Catch 22. Pour support into a business that doesn't look capable of surviving much past the short term even with help now. Get hammered for that as well. A businessman would take the loss, a politician will go down with ship

We'll never know. Like the full council meeting to sell to Wasps remains sealed !!!

Sorry but go through Maton's Twitter and it's a barrage of national debt and govt spending failures. Everyone paid their taxes then it might alleviate the situation somewhat !!

Wonder whether the real issue is someone a bondholder maybe ?? 😂 😂 😂 Club finances are a stick Maton and his pals frequently used to beat CCFC but apparently not applicable to Wasps. Wasps debt seems worse than ccfc's ever was due to the larger % of external debt. It's an ill conceived tweet...

Slightly optimistic. Local politics is just another version of the old boys network. Lots of influence is peddled and favours traded. Maton still moves in those circles.

you've got to be kidding. Where was the potential sale advertised? It was a deal done behind closed doors. Legally CCFC's actions didn't disqualify them from being a potential buyer. Council's responsibility was to maximize any potential return on a "public" asset - not operate behind closed...

That's based on a huge assumption no-one else inc CCFC would have bought/taken on the stadium

Wasps finances were a mess when they moved here. Bankrolled by an individual who then raised the bond to pay himself back and cover the costs of the move. A move that seems likely to effect a lot of small investors who put their trust in him. There's no altruism behind Richardson and his...

But to a wealthy individual hiding behind another overseas holding company for tax purposes is okay?