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Fucking Idiots (5 Viewers)

Thread starter Liquid Gold
Start date Sep 25, 2021

Forums New posts

oldskyblue58

CCFC Finance Director

Sep 28, 2021

#71

Isn't it coventry building society who are offering the free tickets as a marketing tool for their branches not wasps ? I assume as part of their sponsorship they are entitled to tickets each match to use how they choose.

Wasps are in a mess like many professional teams. However you have to assume they are still able to raise finance or partners with finance if you consider the infrastructure projects they have undertaken. It is inaccurate to apply football club finance models to a rugby club and to assume the main income they aim for is from crowds (as poor as they are obviously) . Wasps are not as reliant on crowd numbers as say CCFC are. However central distributions and cvc deal are key, both will have taken big hits. Part of the attendance dip is simply because their team have under performed, that can change. We all know how fickle people can be.

What is a little perverse is that the success of CCFC helps the wasp finances, ie rent, overhead contribution, a slice of the f&b income, increased profile of the stadium and not least increased asset value of the stadium lease. There is also going to be an increase in events because of the higher profile.

Will be an interesting couple of years financially coming up for both teams.

B

Brighton Sky Blue

Well-Known Member

Sep 28, 2021

#72

oldskyblue58 said:
Isn't it coventry building society who are offering the free tickets as a marketing tool for their branches not wasps ? I assume as part of their sponsorship they are entitled to tickets each match to use how they choose.

Wasps are in a mess like many professional teams. However you have to assume they are still able to raise finance or partners with finance if you consider the infrastructure projects they have undertaken. It is inaccurate to apply football club finance models to a rugby club and to assume the main income they aim for is from crowds (as poor as they are obviously) . Wasps are not as reliant on crowd numbers as say CCFC are. However central distributions and cvc deal are key, both will have taken big hits. Part of the attendance dip is simply because their team have under performed, that can change. We all know how fickle people can be.

What is a little perverse is that the success of CCFC helps the wasp finances, ie rent, overhead contribution, a slice of the f&b income, increased profile of the stadium and not least increased asset value of the stadium lease. There is also going to be an increase in events because of the higher profile.

Will be an interesting couple of years financially coming up for both teams.

In the fantasy universe where CCFC actually make it into the top flight with the associated windfall, what then? Invite as equal partners in the stadium, or keep at arm's length despite bringing far more to the table?

oldskyblue58

CCFC Finance Director

Sep 28, 2021

#73

Going to depend if the intention is to stay at end of the lease in 9 years time. If the intention is still to build our own then going to be hard for sisu to persuade wasps to change for short term.

Otherwise I would assume the lease will apply as long as it is active. I would think the lease has financial terms that change with promotion or relegation.

Sisu might want to change it but wasps don't have to. But until that scenario happens who knows your guess is as good as mine.

Flying Fokker

Well-Known Member

Sep 29, 2021

#74

covcity4life said:
Already know NOPM who now all of a sudden know our results again

Not fair on anyone really. SISU took City out of town...Of course people follow the results and celebrate the team's success. Most of the fans who said NOPM were angry.

It is not a case of suddenly knowing the results... Anyway, I'm sure they turned themselves inside out making that decision. City was only going one direction with SISU and of course they will celebrate the success. Tinged with a dislike of SISU.

Not forgetting that life is short and traipsing off to Northampton and Birmingham may have been too much for some elderly etc.

Sick Boy

Super Moderator

Sep 29, 2021

#75

Flying Fokker said:
Not fair on anyone really. SISU took City out of town...Of course people follow the results and celebrate the team's success. Most of the fans who said NOPM were angry.

It is not a case of suddenly knowing the results... Anyway, I'm sure they turned themselves inside out making that decision. City was only going one direction with SISU and of course they will celebrate the success. Tinged with a dislike of SISU.

Not forgetting that life is short and traipsing off to Northampton and Birmingham may have been too much for some elderly etc.

A lot of them were also those who praised Wasps’ fantastic business decision to move to Coventry - the hypocrisy was off the scale.

Frostie

Well-Known Member

Sep 29, 2021

#76

Sick Boy said:
A lot of them were also those who praised Wasps’ fantastic business decision to move to Coventry - the hypocrisy was off the scale.

You even had a Sky Blues Trust board member give up on CCFC & is now a Wasps season ticket holder... Couldn't make it up.

Nick

Administrator

Sep 29, 2021

#77

The one good thing about these threads is the calling it sends out.

Ash

Well-Known Member

Sep 29, 2021

#78

Some of their fans spoke about how Wycombe squeezed them out of Adam’s Park, meaning the club had to find a new home or would’ve gone bust. Fair enough, but then couldn’t see the hypocrisy in squeezing out the football club who the ground was built for which could’ve potentially meant the demise of them. Wankers!

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Sky Blue Pete

Well-Known Member

Sep 29, 2021

#79

Can’t be bothered with the animosity any more. They’ve made some huge changes to fully incorporate our return with the sizes of the badges and the standard of the pitch and our club shop and ticket office. There’s space for both clubs (not sure about wasps and coventry rfc) to excel in their own spheres. Pretty certain we turned a fixture flash into something marvellous on Friday night

TomRad85

Well-Known Member

Sep 29, 2021

#80

Frostie said:
You even had a Sky Blues Trust board member give up on CCFC & is now a Wasps season ticket holder... Couldn't make it up.

Clearly was always a wanker, now found his natural home watching a bunch of wankers. Suits me.

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Liquid Gold

Well-Known Member

Sep 29, 2021

#81

Sky Blue Pete said:
Can’t be bothered with the animosity any more. They’ve made some huge changes to fully incorporate our return with the sizes of the badges and the standard of the pitch and our club shop and ticket office. There’s space for both clubs (not sure about wasps and coventry rfc) to excel in their own spheres. Pretty certain we turned a fixture flash into something marvellous on Friday night

I'll personally never forgive anybody who sang "City 'till I die" then decided they didn't care because they didn't like the club's owners and somebody franchised a Rugby team in. I hope their morals aren't as flexible still and they stick where they are.

Nick

Administrator

Sep 29, 2021

#82

Liquid Gold said:
I'll personally never forgive anybody who sang "City 'till I die" then decided they didn't care because they didn't like the club's owners and somebody franchised a Rugby team in. I hope their morals aren't as flexible still and they stick where they are.

Oh you will usually find that people like that who shout the loudest about their morals and "making a stand" usually have the weakest morals anyway.

David O'Day

Well-Known Member

Sep 29, 2021

#83

Sky Blue Pete said:
Can’t be bothered with the animosity any more. They’ve made some huge changes to fully incorporate our return with the sizes of the badges and the standard of the pitch and our club shop and ticket office. There’s space for both clubs (not sure about wasps and coventry rfc) to excel in their own spheres. Pretty certain we turned a fixture flash into something marvellous on Friday night

Fuck them, hope the go bust.

clint van damme

Well-Known Member

Sep 29, 2021

#84

David O'Day said:
Fuck them, hope the go bust.

Be interesting to see what happens if they do.
Surely they can't be sustainable on current crowds even with their other income streams from the stadium?

Liquid Gold

Well-Known Member

Sep 29, 2021

#85

I think we're all just waiting to see what happens with the bond scheme next

Gynnsthetonic

Well-Known Member

Sep 29, 2021

#86

The stadium is far to big and costly to maintain from the Rugby Club alone, its only the owner bailing them out year after year, surely a stadium of Wycombes size and the location was far better!

David O'Day

Well-Known Member

Sep 29, 2021

#87

clint van damme said:
Be interesting to see what happens if they do.
Surely they can't be sustainable on current crowds even with their other income streams from the stadium?

Guess it's can they make the arena turn a profit

David O'Day

Well-Known Member

Sep 29, 2021

#88

Gynnsthetonic said:
The stadium is far to big and costly to maintain from the Rugby Club alone, its only the owner bailing them out year after year, surely a stadium of Wycombes size and the location was far better!

How would Italiahorse get to games if they played in Wycombe

Gynnsthetonic

Well-Known Member

Sep 29, 2021

#89

On his horse

H

HuckerbyDublinWhelan

Well-Known Member

Sep 29, 2021

#90

Flying Fokker said:
Not fair on anyone really. SISU took City out of town...Of course people follow the results and celebrate the team's success. Most of the fans who said NOPM were angry.

It is not a case of suddenly knowing the results... Anyway, I'm sure they turned themselves inside out making that decision. City was only going one direction with SISU and of course they will celebrate the success. Tinged with a dislike of SISU.

Not forgetting that life is short and traipsing off to Northampton and Birmingham may have been too much for some elderly etc.

Nah fuck them. They deserted us when we needed them most. The owners are still the same, the only thing that’s changed is we’re not on a downward spiral - Christ the stadium position is still perilous.

Grendel

Well-Known Member

Sep 29, 2021

#91

Liquid Gold said:
I think we're all just waiting to see what happens with the bond scheme next

they will refinance again but probably on less favourable terms

Sky Blue Pete

Well-Known Member

Sep 29, 2021

#92

Grendel said:
they will refinance again but probably on less favourable terms

Yep they’re going nowhere fast

Grendel

Well-Known Member

Sep 29, 2021

#93

Sky Blue Pete said:
Yep there going nowhere fast

I’m sure the holding company isn’t but unless the rugby club significantly improves revenue it could well become an albatross round the neck of the owner.

When the bond refinancing is due I’m expecting to see a lot of Boddy and Seppalla with more “news” on a new stadium and lofty premier league ambitions

Sky Blue Pete

Well-Known Member

Sep 29, 2021

#94

Grendel said:
I’m sure the holding company isn’t but unless the rugby club significantly improves revenue it could well become an albatross round the neck of the owner.

When the bond refinancing is due I’m expecting to see a lot of Boddy and Seppalla with more “news” on a new stadium and lofty premier league ambitions

It’s intriguing to me who says what and when.

Sick Boy

Super Moderator

Sep 29, 2021

#95

Sky Blue Pete said:
Can’t be bothered with the animosity any more. They’ve made some huge changes to fully incorporate our return with the sizes of the badges and the standard of the pitch and our club shop and ticket office. There’s space for both clubs (not sure about wasps and coventry rfc) to excel in their own spheres. Pretty certain we turned a fixture flash into something marvellous on Friday night

Long term CCFC is a rival of theirs for new supporters and to be the city's main sports team...that's not even considering the impact it'll have on Cov rugby club in the long term either.

covcity4life

Well-Known Member

Sep 29, 2021

#96

Flying Fokker said:
Not fair on anyone really. SISU took City out of town...Of course people follow the results and celebrate the team's success. Most of the fans who said NOPM were angry.

It is not a case of suddenly knowing the results... Anyway, I'm sure they turned themselves inside out making that decision. City was only going one direction with SISU and of course they will celebrate the success. Tinged with a dislike of SISU.

Not forgetting that life is short and traipsing off to Northampton and Birmingham may have been too much for some elderly etc.

Yes but there is a certain type of NOPM that cannot be defended. They type that say those who go are killing the club and then enjoy losses so they can say look at what Sisi have done to us etc

And then go Wembley.... twice

Sky Blue Pete

Well-Known Member

Sep 29, 2021

#97

Sick Boy said:
Long term CCFC is a rival of theirs for new supporters and to be the city's main sports team...that's not even considering the impact it'll have on Cov rugby club in the long term either.

There’s room for rugby and football

Liquid Gold

Well-Known Member

Sep 29, 2021

#98

Sky Blue Pete said:
There’s room for rugby and football

CRFC and CCFC

AOM

Well-Known Member

Sep 29, 2021

#99

covcity4life said:
Yes but there is a certain type of NOPM that cannot be defended. They type that say those who go are killing the club and then enjoy losses so they can say look at what Sisi have done to us etc

And then go Wembley.... twice

Or those who wanted to force through a Phoenix club

H

HuckerbyDublinWhelan

Well-Known Member

Sep 29, 2021

#100

AOM said:
Or those who wanted to force through a Phoenix club

Basically the club’s own Supporters trust who want to represent us as fans….

Sick Boy

Super Moderator

Sep 29, 2021

#101

Sky Blue Pete said:
There’s room for rugby and football

They still see us as rivals to be the city’s number sports team and the city already had a rugby club.

Sky Blue Pete

Well-Known Member

Sep 29, 2021

#102

Liquid Gold said:
CRFC and CCFC

Yeah I get that. I’ve never been a rugby fan so only feel I can comment on football really

Sky Blue Pete

Well-Known Member

Sep 29, 2021

#103

Sick Boy said:
They still see us as rivals to be the city’s number sports team and the city already had a rugby club.

Well now we are playing here we are the biggest quite significantly. It’s a prudent host to be aware of that fact

Sick Boy

Super Moderator

Sep 29, 2021

#104

Sky Blue Pete said:
Yeah I get that. I’ve never been a rugby fan so only feel I can comment on football really

I'd say there's an appetite for Champions League football in Coventry. Perhaps someone should look at parachuting in a club?

Grendel

Well-Known Member

Sep 29, 2021

#105

Sky Blue Pete said:
Yeah I get that. I’ve never been a rugby fan so only feel I can comment on football really

Bit of a poor response that I think - its not great that a professional rugby club that has existed here for over 100 years was not considered when Wasps were granted permission to play here. I get the impression they are heading rapidly back to when they were at Wycombe with little local support and struggling to attract interest - of course the problem is a separate organisation I assume based in Malta ultimately owns the lease.

There will I am sure also be a fee escalation if CCFC get promoted and more benefits to the company owning the lease which in turn can support the London rugby clubs finances at the expense of the local club that has been here for a century. Its not a great look really.

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