Fresh Ricoh talks (3 Viewers)

chiefdave said:

We all know we don't need to own a stadium, its about revenue access. No reason we can't access revenues without building or owning a stadium but of course that is reliant on who we are dealing with. At the moment the only option would be the Ricoh and while Wasps maintain their current stance that's not going to happen.

The problem is nobody at the club has ever had to give any detail as whenever they state we can finance a competitive team in L1 / L2 but not the Championship without resolving the ground issue the response is always 'they'll never build a ground' rather than asking how that puts us in a position to be competitive in the Championship. Personally I don't see how it works when you've got owners of other clubs happy to chuck £10m plus away each year chasing promotion.

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bawtryneal said:

Exactly
That is why the answer will always be to do a deal with Wasps and own 50% of the Ricoh and share the sponsorship revenue etc and both sides keep the revenue through there own match days, corporate hospitality and marketing efforts
This will have to be the final outcome as Wasps need investment to support bonds and other borrowings in the near future.

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HuckerbyDublinWhelan said:

Depends really if an alleged new stadium will cost 30 million - the current figures and wasps request half the value of the Ricoh lease which is 25 million. It’s probably financially better long term to build a new stadium and keep 100% of the income.

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shmmeee said:

I think the bigger point is Wasps don’t want to sell half their share TBH. I get the impression there would be a deal to be done if they did, as you say it would surely be less than a new ground if priced fairly. And as I say I did hear a rumour that Sisu were asking for part ownership in previous talks but Wasps didn’t want to know.

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HuckerbyDublinWhelan said:

Well then this is where the impasse is. I guess they want us to play premium rent and want a massive cut of the football money.

im happy to rent, but I want the football club to keep all the money that’s made from football. Including sponsorship

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HuckerbyDublinWhelan said:

Well then this is where the impasse is. I guess they want us to play premium rent and want a massive cut of the football money.

im happy to rent, but I want the football club to keep all the money that’s made from football. Including sponsorship

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chiefdave said:

We all know we don't need to own a stadium, its about revenue access. No reason we can't access revenues without building or owning a stadium but of course that is reliant on who we are dealing with. At the moment the only option would be the Ricoh and while Wasps maintain their current stance that's not going to happen.

The problem is nobody at the club has ever had to give any detail as whenever they state we can finance a competitive team in L1 / L2 but not the Championship without resolving the ground issue the response is always 'they'll never build a ground' rather than asking how that puts us in a position to be competitive in the Championship. Personally I don't see how it works when you've got owners of other clubs happy to chuck £10m plus away each year chasing promotion.

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oldskyblue58 said:

I would think part of the problem is who compensates bcfc for the loss of tenant income. Neither ccfc nor wasps are in a great position financially to pay out dead money effectively

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oldskyblue58 said:

I would think part of the problem is who compensates bcfc for the loss of tenant income. Neither ccfc nor wasps are in a great position financially to pay out dead money effectively

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