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  1. chiefdave

    Joe Elliot: Even He Likes Wasps

    Oddly can't seem to spot the front page story about the Crawley game selling out.
  2. chiefdave

    Changes to the Ricoh next season - Waggott

    That'll be the new excuse next season. I'm not going again until I can sit facing south again.
  3. chiefdave

    Changes to the Ricoh next season - Waggott

    The next thing will be to decrease the number of blocks open. They need to keep both stands open as one side is all corporate and one side all fans. Not too hard to imagine this time next season we're talking about less blocks being available in the future.
  4. chiefdave

    Club aims to raise £35m from bond

    Which again raises questions for CCC and Higgs to answer. Why did they sell it for that price if its market value is over £40m as is now being claimed. Even if Wasps add value, which is debateable they certainly won't add that much value.
  5. chiefdave

    Club aims to raise £35m from bond

    I'm not convinced the valuation in the prospectus stands up to any scrutiny anyway. Given that they just purchased ACL and the lease extension for under £7m I'm struggling to see how its now worth enough to provide £35m security, let alone the amount they claim it has been valued at.
  6. chiefdave

    Club aims to raise £35m from bond

    Even if its paid upfront it would be unusual for ownership to be able to change without the permission of the freeholder and for it to fall into the hands of an administrator rather than revert to the freeholder in the event of an insolvency event.
  7. chiefdave

    Changes to the Ricoh next season - Waggott

    But what is really different at Arsenal. You get off the tube walk up to the ground and in you go? The only slight difference is that they have Arsenal branding on the approach to the ground (can't think of any other club that has that off the top of my head) and then club shops outside the...
  8. chiefdave

    Club aims to raise £35m from bond

    That would be very unusual . Every commercial lease I've ever had has reverted to the freeholder in the event of my company going into administration or any other insolvency event and has had restrictions preventing the lease being sold, even as part of the company the lease was initially sold...
  9. chiefdave

    Club aims to raise £35m from bond

    That's not what I mean. Maybe I'm not explaining it right. Lets say Wasps owned the freehold and the lease, I would say that was a much greater level of security than just owning the lease. I would expect the lease to revert to the freeholder should Wasps, for example, enter administration. How...
  10. chiefdave

    Club aims to raise £35m from bond

    If I read that the bond was secured against the Ricoh Arena I would assume ownership, I don't think I'm the only way that would think that. There's no way, if I was trying to raise funding against one of my businesses, I would say it was secured against the premises if all I had was a lease...
  11. chiefdave

    Changes to the Ricoh next season - Waggott

    I would assume they've looked at the number of season tickets in each location and made the decision based on that. They could open a smaller section behind the goals but that would mean opening up the stand and incurring the associated costs. Maybe you should ask them if you can be the guy sat...
  12. chiefdave

    Club aims to raise £35m from bond

    If it is the case that the information buried in a 276 page prospectus is correct yet the summary on their website states "The Bonds will be secured over Wasps Holdings and Arena Coventry Limited, including the Ricoh Arena" I would suggest they are attempting to mislead to make the security...
  13. chiefdave

    Club aims to raise £35m from bond

    Why are the CT not all over this? The prospectus claims the investment is secured against the Ricoh but unless something we don't know about has happened Wasps don't own that. Surely they can't just make a clearly false claim like that and not be questioned. Let alone the implications for...
  14. chiefdave

    Changes to the Ricoh next season - Waggott

    Good news that season tickets will be reduced, hopefully more people will sign up now. Of course as ticketing is a huge % of our revenue I'm sure it will have to follow that lower prices means a smaller budget but you can't have it all ways. Makes sense to close parts of the ground off. No one...
  15. chiefdave

    Papering the crowd?

    For that to have any meaning you need to be able to evidence total ticket revenues for the match. If I pay 1p for a ticket or a booking and / or postage fee I could be counted as paid but would be a long way from full price.
  16. chiefdave

    Papering the crowd?

    Anyone can come on here and post rubbish like that and claim it as fact, I'll show you how: Oh here we go again. Yes Wasps are giving free tickets away, 75% of tickets last match were free (I have a source very high at The Ricoh), the Leicester game has about 15,000 freebies available to...
  17. chiefdave

    Papering the crowd?

    Can tell you're not local, anyone local would know the answer to that is that people from Leicester are stupid. As I've said before boasting that you can fill the ground once a year when the majority of the crowd will be away supporters is incredibly bizzare. If we were playing Leicester or...
  18. chiefdave

    rushden and diamonds

    Well they must have looked into at least one of them else we'd still be in Northampton.
  19. chiefdave

    hypothetical question

    Great, then if we ever make any money it can be diverted to Wasps to help fund them.
  20. chiefdave

    rushden and diamonds

    It hasn't people are saying it has been rumoured. The response was a statement of fact that Wasps have said what is going to happen.
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