EXCLUSIVE: Ricoh Arena 'masterplan' with new tenant and restaurant revealed
The Wasps Group-owned venue will also be hosting elite 'behind-closed-doors' sporting events as well as Commonwealth Games eventswww.coventrytelegraph.net
They've clearly moved on. Final nail i think
Not sure why someone renting office space would mean that. We won’t be coming back while games are BCD anyway.
Can’t see an office tenant bringing in the rent, sponsorship and incomings that we would. It’s not going to be a great amountBecause it's a tenant they will make money off and no longer 'need' us probably? Not great either way
Because it's a tenant they will make money off and no longer 'need' us probably? Not great either way
They don’t need us anyway. The argument is ccfc should be in coventry and everyone agreesBecause it's a tenant they will make money off and no longer 'need' us probably? Not great either way
Adding to the long-term tenant, adding to the pool, the darts, the snooker etc, there's actually quite a lot of really good things going on."
"Three quarters of our business or more comes via non-sporting entity and, actually, some of those areas are actually going quite well, by us being quite flexible about what we can do.
"As such, we've got some fairly good commercial revenues coming through in non-traditional sources I guess. It's not all doom and gloom."
The Ricoh Arena has hosted many big names in music, including The Spice Girls, The Rolling Stones and Oasis as well as Olympic events and more over the years.
It is currently housing a regional coronavirus testing centre.
The way the article it's difficult to understand if the long term elite sport tenant refers to the Matchroom stuff or something else. If it's something else there is no ruling out that it's CCFC.
It is probably the council renting it out for 1.4m a year lets be honest
Ha ha! That's not as ludicrous as it sounds!! I have a mate who works for Chichester CC who said they were selling off office space as homeworking had reduced their need for the space. They stood to make a decent amount of money from the property sale.
Could CCC be doing the same - selling off office space and then using some of it to have a hub at the Ricoh?!
Ha ha! That's not as ludicrous as it sounds!! I have a mate who works for Chichester CC who said they were selling off office space as homeworking had reduced their need for the space. They stood to make a decent amount of money from the property sale.
Could CCC be doing the same - selling off office space and then using some of it to have a hub at the Ricoh?!
They have been advertising office space for ages, posted it in the Telegraph thread that their building was up for lease so they will need a new home too.
They have been advertising office space for ages, posted it in the Telegraph thread that their building was up for lease so they will need a new home too.
What's your point?
another point is that the new sports bar is were wasps shop and ticket office is are these closing , so Telegraph headline could of been
"WASPS CLOSE CLUB SHOP"
NOW THAT WOULD BE FUN
Wonder if they are moving it or just going to have mobile units like we did. There's nowhere obvious for it to go to that would get the foot fall of the current location. Obviously far too complicated a question for a Telegraph journalist to ask.another point is that the new sports bar is were wasps shop and ticket office is are these closing , so Telegraph headline could of been
"WASPS CLOSE CLUB SHOP"
NOW THAT WOULD BE FUN
Even by the Telegraphs standards this is poor. They've managed to spin Wasps letting out some office space into a everything is fantastic article which convienently comes sandwiched between reports in the national press of Premiership rugby clubs potentially going bust and their next financial report which is due in about 5 weeks.
Suspect we'll also get a second 'good news' story as this one says "an official announcement regarding the identity of the new tenant is expected before the end of the week". Is it normal for the Telegraph to run stories when some office space is let in the city?
If Bridge had bothered to do the slightest bit of journalism he'd be presenting a very different story. Financially Wasps are the worst performing club in the Premiership and even if you assume the rest of their business has been unaffected by covid the half a million a month lost to covid other clubs are reporting puts them on course to lose in the region of £20m a year. But of course their other business are hotel, hospitality, events and exhibitions. Industries that covid has completely decimated. Although according to Vaughn those sectors are doing fantastically well and propping up the rest of the business. "We're in a unique position ... we are an arena with conferencing, exhibitions, concerts ... three quarters of our business or more comes via non-sporting entity and, actually, some of those areas are actually going quite well". Not sure I believe that.
So lets break down what he's actually reporting:
1) They've let some office space. Good news but they've had tenants leave as well and have had vacant office space advertised for years.
2) Opening a sports bar. Sure the casino will be really happy about this. What happened to Bar 87 after they rebranded it, has it closed? There's also a bar in The Mill so while more choice is good I suspect it will just mean existing custom moving from one bar to another. Can't imagine many people making a visit to the Ricoh just for a bar. Would they not have to apply for planning and licensing changes for a new bar?
3) Opening a restaurant. As above they already have The Mill and Faradays so will just be moving existing customers around.
4) Refurbing a 15 years told exhibition centre by replacing the floor and partitions. That's just something you'd routinely expect to happen isn't it?
5) The Matchroom Sports deal. Dig a bit into this and its not all it seems. It appears to be two events (one darts, one ten pin bowling) moving to the Ricoh after the original venues pulled the plug as the events weren't financially viable without spectators.
Hope the Telegraph charged them a decent rate for PR services.
Wonder if they are moving it or just going to have mobile units like we did. There's nowhere obvious for it to go to that would get the foot fall of the current location. Obviously far too complicated a question for a Telegraph journalist to ask.
Stick me in the annoyed camp pleaseThey (as in the world at large not wasps specifically) should open an all Cov sports shop in the city centre. CCFC Wasps Blaze CRFC whoever else there is. Could have old Cov sports memorabilia and all sorts. Would annoy a few on here but I think it’d be great.
They (as in the world at large not wasps specifically) should open an all Cov sports shop in the city centre. CCFC Wasps Blaze CRFC whoever else there is. Could have old Cov sports memorabilia and all sorts. Would annoy a few on here but I think it’d be great.
Nah, they had a tiny tiny office at the canal basin. They won't need much more than a broom cupboard. I think it's all produced and edited in Birmingham now tbh.
Stick me in the annoyed camp please
They (as in the world at large not wasps specifically) should open an all Cov sports shop in the city centre. CCFC Wasps Blaze CRFC whoever else there is. Could have old Cov sports memorabilia and all sorts. Would annoy a few on here but I think it’d be great.
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