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  1. chiefdave

    Papering the crowd?

    Isn't this one of the games that was being pointed to as a huge game that would be a virtual sell out without the need for freebies? If anything the amount of free tickets is increasing. I can't believe this was Wasps plan starting out. Initially they only publicised free tickets for schools and...
  2. chiefdave

    commentary on SBS& L group 2014 accounts

    To me if the FL have said x amount of debt must be written off then they need to step in here and take a look at what happens as it's just been shifted elsewhere. Of course they might just have said the debt must not exist in a particular company which as we can see is not a lot of use to anyone.
  3. chiefdave

    Byng the merciless speaks

    You would have thought so but as with everything else CCC have refused to answer and said it's confidential. Didn't someone post that Wasps were after investors and had prospectuses circulating in the City (as in the financial part of London, not at our games!).
  4. chiefdave

    Byng the merciless speaks

    He keeps implying that Wasps haven't actually paid for ACL yet and don't have the funds in place to do so. No idea if there's the slightest bit of truth in that.
  5. chiefdave

    £61m of debt wiped out in latest CCFC accounts

    Haven't the ticket prices for Wasps games also dropped from what was being charged at Wycombe? Free tickets is something you have to be careful with, of course it helps fill the ground but you have to take care not to devalue your product. People are getting used to not paying full price with...
  6. chiefdave

    Tim Fisher: Long term success on the pitch is what we are all striving to see

    He's not wrong to be fair. Strong finish this season, few decent signings and a good start to the season and you'd soon start seeing people coming back. If, and it's a huge if going on recent years, we are in the top 6 this time next year I can see us hitting 15K or more.
  7. chiefdave

    Council Accused Of 'Absurd' Ricoh Secrecy

    I think both the Council and Higgs were expecting, or hoping, for a administration process in line with that other clubs have been through which would have seen the club emerge with little to no debt and new owners. That didn't work out so well and we're left with another what if in terms of...
  8. chiefdave

    Papering the crowd?

    I would love for Wasps, and everyone else in any sport for that matter, to have to report attendances as actual attendance (not counting season ticket holders who haven't shown up), paid attendance and ticket revenue. Unless that ever happens it's always going to be an element of guesswork...
  9. chiefdave

    Council Accused Of 'Absurd' Ricoh Secrecy

    Would have loved that to happen. At the very least how and when assets were moved around should have been looked at. And all that we don't know where the share is or which company the players are contracted to rubbish. Unfortunately I think that ship has sailed unless something happens late in...
  10. chiefdave

    £61m of debt wiped out in latest CCFC accounts

    The huge problem we have is that in starting a new ground project we don't have an old ground to sell off to contribute towards the funding. And of course with the way the retail sector is getting a similar deal to the one we did with Tesco on the Arena 2000 project is near impossible. The only...
  11. chiefdave

    £61m of debt wiped out in latest CCFC accounts

    Its worth a discussion but I can't see Wasps handing it over. Think about how much revenue we're talking about, things like stadium naming rights would need to be included. Just can't see Wasps even considering handing a big chunk of that over. At the very least we'd be looking at 100% of...
  12. chiefdave

    £61m of debt wiped out in latest CCFC accounts

    It's certainly better than it was but is it good enough for us to be competitive. Other clubs get 100% of matchday revenue and non matchday revenue. We need to compete against them. Of course you can ignore some of the revenues as most grounds don't have all the facilities the Ricoh has but I...
  13. chiefdave

    £61m of debt wiped out in latest CCFC accounts

    Think we know the answer to this now. Fisher wasn't shouting about it as they haven't actually written the money off, just shifted it from one column to another.
  14. chiefdave

    £61m of debt wiped out in latest CCFC accounts

    The club isn't breaking even, they have seen what happens when they try to run at break even. What options do they have left? They either add value by making the club a success or they give up and walk away to avoid pumping millions more in.
  15. chiefdave

    £61m of debt wiped out in latest CCFC accounts

    One thing that is slightly odd is why wasn't Fisher shouting this from the rooftops when it happened? Granted everyone would have probably said he was lying but writing off £61m is a pretty big deal in anyones books so why not communicate that to the fanbase and spin it as a good thing SISU have...
  16. chiefdave

    £61m of debt wiped out in latest CCFC accounts

    Besides the obvious fact we are now less in debt than before there are a couple of upsides to this that I can see. 1) the only way for SISU to now get a return is success on the field, the idea that they can take millions out of the club when players are sold as they are 'owed' it is out the...
  17. chiefdave

    Council Accused Of 'Absurd' Ricoh Secrecy

    It would be a very unusual loan agreement if there was no mechanism for CCC calling in the loan if required.
  18. chiefdave

    £61m of debt wiped out in latest CCFC accounts

    That in inself is not unusual, it's all down to how the companies are linked and if we are charged rent, recieve revenues and who owes any debt.
  19. chiefdave

    £61m of debt wiped out in latest CCFC accounts

    That's a turn up for the books. I suppose they could always hold out claiming their shares are worth £60m but they must know they are never going to see that money again. If the debt has been wiped out in the clubs accounts does it follow that it's also wiped out in the accounts of the lender...
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