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stupot07

stupot07

Well-Known Member
italiahorse said:
stupot07 said:
Let you know when I see the details.
I didn't say that they didn't get it cheap I said the council took the best offer.

We know that Sisu have not made a sensible offer (according to council announcements saying they would listen to any realistic offers)
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What other offers were on the table? From what we have seen wasps are paying £5.5m for 100% ACL, £1m to extend the lease by 208 years and will take on the liabilities of the £13m loan.

We know sisu offered c£5m for Higgs 50% on the proviso they could but the YB loan, they then offered £2m without the loan. Seems to me at first glance this deal is worse than sisu's original one.


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italiahorse

italiahorse

Well-Known Member
stupot07 said:
italiahorse said:
What other offers were on the table? From what we have seen wasps are paying £5.5m for 100% ACL, £1m to extend the lease by 208 years and will take on the liabilities of the £13m loan.

We know sisu offered c£5m for Higgs 50% on the proviso they could but the YB loan, they then offered £2m without the loan. Seems to me at first glance this deal is worse than sisu's original one.


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Didn't SISU want to pay over time with no guarantees ?
Also was the £2M only offered because it was a charity and in reality SISU said it was worth nothing?

I may be guessing, or using others peoples guesses but does anybody know what has really gone on?
I think the best information is from the JR and that was damning of SISU.

Would anyone really want to deal with SISU or share what is a risky move for Wasps.
Would SISU want Wasps to go bust (or vice versa) during any 50% share ?
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Astute

Astute

Well-Known Member
stupot07 said:
italiahorse said:
Haven't wasps got the stadium got the stadium on the cheap?
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Very good question.

A year ago the arena was said to have no value without a football club by many. If they were right then 20m is a very good price.

I was the same as many and didn't agree that the arena was valueless without a football club. So I would agree that they have got it cheaply. But saying that we don't know about the finances.
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Covstu

Covstu

Well-Known Member
I suppose from a council perspective it would have been on the lines of 'here's £20M for something that has been a constant thorn in your side and cost you £x in legal costs defending pointless cases, wouldn't that look good in the budget?'.....

I can see why they sold up to be fair but when making this decision i do not think they have taken into account the damage this COULD cause to the football and rugby teams currently residing in the city. I would be more comfortable if the club have a equal stake in ACL so can be part of the revenue streams and decision making.

Couple of points though:
1) The council still have a small stake (5%?) which would make Wasps 45%, if SISU took over AH share of 50% surely they be able to have a majority vote on most decisions? (i know i am over simplifying!)
2) If the opposition parties did not agree to this, we would have heard them by now on the campaign trail lambasting Labour for this dispicable act so i think we can safely say they backed it also.
 
letsallsingtogether

letsallsingtogether

Well-Known Member
skybluejelly

skybluejelly

Well-Known Member
It says in the article that the council has a billion pound of assets half of which is in the road network...what's the odds on them charging tolls again in a few years.. Tollbar by name tollbar by nature
 
cloughie

cloughie

Well-Known Member
stupot07 said:
Misleading, how many clubs have a matchday only rental deal, with no/little access to matchday revenuse and no access to 365 day year revenues?


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And just how many clubs have the facilities to offer 365 days a year ?
 
stupot07

stupot07

Well-Known Member
cloughie said:
And just how many clubs have the facilities to offer 365 days a year ?
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The vast majority of them. Not on the scale of the Ricoh, but they still have function rooms for weddings, meeting, workshops,etc. I've been to a few meetings and events at The butts.

http://www.coventryrfc.co.uk/conference-events

Here's orients....

http://www.leytonorient.com/commercial/conferencingevents/

AFC Wimbledon

http://www.afcwimbledon.co.uk/commercial/functions/index.aspx

I won't bother going through the 91 other league clubs...


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Astute

Astute

Well-Known Member
How about letting SISU have enough land somewhere around Coombe Abbey to build a stadium? The road infrastructure is there already. Would just need a road straight to the M6/M69. And they would be able to keep the vast majority of it still.

I know it would be very hard to get past the planning stage. But they could at least call their bluff.
 
Astute

Astute

Well-Known Member
NorthernWisdom said:
Indeed...

Some day, somebody will think long term...
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And this is the man. Remember, they won't sell at the bottom and it is his job to get a stadium built.

JS45576571.jpg
 
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