Corrected for the smart arse who would rather judge Wasps than the owners of our own club which going down the swanny.
if SISU had bought ACL and had invited WAPS to play here it would be seen as a master stroke of utilising the stadium to its max.
No, it'd be SISU prioritising financial reasons ahead of sporting reasons, and would have been an excellent example as to why SISU are not fit to own a sporting team.
As for the question as to why be pleased they lose? Because of precedent. The sooner Wasps fail, the harder it will be for any other sporting team to move elsewhere on a whim... and the harder sport clubs' directors think before doing such a thing, that's why.
How about we judge every party's involvement in this debacle? Sisu's failing are well documented, we all know how much of blame they must and do take, doesn't mean we can't criticise the others, and doesn't mean we should just accept london wasps with open arms because regardless of who's fault it is, it will only ultimately only have a negative impact on both the club, CRFC and other local football and rugby clubs.
I will continue to take pleasure every time wasps lose, just as I do when villa and leicester lose.
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The only person diverting here, appears to be you...
Can someone please explain how by building a new stadium(remember that it will only be a modular one; probably without conference, exhibition etc. facilities) will be better than having a decent rent agreement at the Ricoh.
I'm not trying to make a case for it, but pretty much every football club has facilities they rent out for conferences, workshops, meetings, weddings, parties, etc. CRFC do it at the butts.
- renting out rooms for conferences, meetings, events
- parking
- food and beverages (you control the suppliers to get the best deal/profit margin)
- hospitality (you control the suppliers to get best deal)
- selling stadium naming rights
- stand sponsorship (tesco's stand, etc)
- parking (for matchdays and other events)
- rent out out to PL U21 teams, etc
- sell off land
- asset vs liability of the mortgage
- Pitchside advertising (we all ready get this)
- opportunities for selling advertising space outside the stadium.
Obviously a lot will depend on location, etc.
The truth is we don't know which would be most financially better as we have not seen a business case, and we don't know what kind of rent/revenue deal wasps are willing to do. From balance sheet point of view a 250 year rent deal will be views as a liability, whilst giving no asset.
What we do know is that any Ricoh rent deal without access to all football related/additional revenue means we're pretty much restricted to league one-championship yo-yo club at best.
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Did you miss the bit where he said about not seeing a business case?Can you give me a link to the business case for an out of town stadium? Or do I believe blindly ?
It will be like the Sky Blue Connection at Ryton. What a waste of space that is.
Can someone please explain how by building a new stadium(remember that it will only be a modular one; probably without conference, exhibition etc. facilities) will be better than having a decent rent agreement at the Ricoh.
OK best of luck on your crusade against franchise teams and I hope that WASPS defeats provide comfort over the continuing decline of Coventry city but what timescale do you expect their potential failure to materialise ? Remember this has been a nomadic club for some 10 years and are still going..
Diverting a topic on a CCFC general chat section on a CCFC forum to the topic of CCFC. Who would have thought? I must appologise. Lets all talk about them nasty Wasps and how we can blame them for SISU's failings instead. Carry on. I'll pop over to the off topic section and see if I can find a thread on CCFC.
No one can Tony, even Man City rent.
1-0 away to colchester. What a time to be alive.
Like it or not the same person who owns Wasps now owns our stadium, we either work with them or fight there very existence.
Just for info they have nearly folded on I believe three separate occasions over the past ten years, so if this doesn't work for them then it will probably be curtains. Perhaps then they will bugger off back to London to the fan base they stuck two fingers up at to come to Coventry
I like the sound of the latter, tbh.
How?
Well for a start there are the intangibles, the Brand Value... the bit that ultimately is hard to value on a balance sheet, but goes a long way to creating value in the club.
Something that a ground has a lot to do with. This Is Anfield for one. The move to new grounds takes that away to a degree as clubs are associated less with their place, but nonetheless it helps. And your own ground enables you to build it into the brand.
Then there's the fact a ground can sit as an asset on the books. Again, makes the club a little more saleable, also allows something to borrow against (inadvisable, but still). Not only that, but it shows focus on building the infrastructure of a club rather than just focussing on players, players, players. No coincidence that our decline coincides with us focussing on the latter rather than the former.
Then there's the fact that Wasps won't give all profit to CCFC. Wasps will (naturally) want to make some money out of any rental deal with the football club - else what's the point of them doing it? (the only reason they might not, in fact, is if they took seriously the possible threat of a new ground and the competition it might bring).
CCFC wouldn't have access to the conference facilities at the Ricoh under a rental deal. Competition from another ground? Why not? I've been to conferences at some of the biggest shitholes known to man (for balance, some half decent venues too). At the risk of the obvious, it's about working out your best market for your costs. it could, indeed, be the case that actually when it comes down to it, a CCFC ground targets different areas to the Wasps ground and they can both co-exist.
Ultimately, however, it should be the sporting identity and sporting foundations that should win out, and that is served best by a CCFC ground for CCFC. We really should, IMO, be campaigning for both SISU and CCC to start talking to one another to find common ground on where such a site can be found in the city, and push them to remember the sporting and social benefits by doing so.
of course, we won't...
In fact, surely the more high calibre sporting and social facilities in our city, the better?
Surely if this works out with CCFC building a ground in the city, this is a good thing?
Why should it be that way, we as fans wanted our owners to talk to ACL ( as it was)?
its only my own view but personally I cannot see what the Wasps have done wrong.
They could well go bust, it must be a big gamble. But two points.
1 what would they do with the RIcoh?
2 If we have a long term rental agreement who would have first hit on buying it?
Steve they moved a club didn't they? I take it you will be going to wasps games?Like it or not the same person who owns Wasps now owns our stadium, we either work with them or fight there very existence. Our owners now have people they can negotiate with and as yet not taken to court.
The Wasps in my mind have done nothing wrong, they found a stadium that was up for grabs, made an offer and took the gamble, our owners could have made the same call and tried there luck.
This Rugby club can bring a great deal of value not just to the Ricoh but to the whole City, we should grab the opportunity or at the very least listen to what they have to offer and can do for the City and our club. Coventry Rugby club can gain from this and am sure they are already talking to them, hence the resentment has gone quiet.
Just like we have all put the Sixfields situation behind us and moved on we should accept these people now own the home of Coventry City, work with them not against as we can all gain from any form of success.
Moving a club from its territory for financial reasons only seems sufficient to me, tbh.
We will, of course, all differ with where our cutoff points are but... would you be saying the same if we had moved to Wycombe?
no not at all, but firstly they have been nomads as such for the last 12 years, they are not moving just for financial reasons it's more a case of survival, they move or die.
Steve they moved a club didn't they? I take it you will be going to wasps games?
Nick, I may go to the odd game if it fitted into my weekend, but I also go and will carry on going to Coventry a Rugby games.
Yesterday I went to Twickenham and next week I am going again.
However, anyone who knows me will confirm my first love is CCFC. Yesterday was the only the second game I have missed all season.
Please remember that any new stadium will be competing with the NEC and the Ricoh for any corporate business. The amount of money which Sisu are likely to put into any stadium means that it will much too inferior to either of those two stadiums to compete.
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