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Poll: Wasps in Coventry (1 Viewer)

  • Thread starter Grendel
  • Start date Jul 23, 2019
Forums New posts

What is your view on wasps being in Coventry?

  • Very positive

    Votes: 3 1.2%
  • Mildly positive

    Votes: 4 1.6%
  • Neutral

    Votes: 9 3.6%
  • Mildly negative

    Votes: 11 4.3%
  • Very negative

    Votes: 226 89.3%

  • Total voters
    253
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Nick

Administrator
  • Jul 24, 2019
  • #71
chiefdave said:
I'm interested to know why, when all sides are to blame, you are boycotting CCFC but attending Wasps? Surely you would boycott both.
Click to expand...

I am not sure he has said he goes to Wasps has he, unless I missed it?
 

chiefdave

Well-Known Member
  • Jul 24, 2019
  • #72
Nick said:
I am not sure he has said he goes to Wasps has he, unless I missed it?
Click to expand...
My mistake, thought he had said he sat with Wasps season ticket holders.

Must pay more attention, I blame the heat!
 

Skyblueweeman

Well-Known Member
  • Jul 24, 2019
  • #73
Grendel said:
The 90% on the extreme end is very high
Click to expand...

I'm not surprised, given the sample audience.

Out of interest, are these polls going to be run on Twitter/FB forums to get a rounded view? To your point, it would be interesting to see the comparisons between this forum against FB results and Twitter results.
 

Grendel

Well-Known Member
  • Jul 24, 2019
  • #74
Skyblueweeman said:
I'm not surprised, given the sample audience.

Out of interest, are these polls going to be run on Twitter/FB forums to get a rounded view? To your point, it would be interesting to see the comparisons between this forum against FB results and Twitter results.
Click to expand...

Ha well the twitter poll on confidence regarding the trust was about the same

This will be an argument against this but Facebook and Twitter are not forums and use the existing platform and user ids

If as a business you are looking to launch something with a community angle the big advantages a forum offers is its targeted and you need to create an ID to join it.

In that sense I’d argue it’s more likely to have views representative to the fan base that attends and have a specific view on a subject
 

Si80

Well-Known Member
  • Jul 24, 2019
  • #75
Nick said:
Weren't wasps involved before any litigation? Don't you find it strange they were involved with Hoffman as well?

Obviously sisu are at fault but you can always tell when people aren't really that bothered or following it closely they only really know what the telegraph tells them. It's why others have got away with things for years, even pre wasps move.
Click to expand...

Were Wasps involved when SISU started telling the council that they were leaving the Ricoh, building a stadium on a cloud and basically playing chicken with the club on the M6? That's where this started Nick. I don't need the Telegraph, nor the Observer to tell me that. SISU started this downward spiral, I saw them drag us to the lowest tier of football over their own personal greed without a care for the fans. We're their last thought. Seppala couldn't give a shit about us.

Devils advocate here....If it hadn't come out that Wasps were behind Hoffman and his consortium, and SISU had accepted his bid and sold the club to him I'd imagine a deal would have been cut for CCFC to have an equal part of the income at the Ricoh, a permanent home and allow us to fund the team better. Serious question, would our fans care? Of course they wouldn't (well maybe some on here would be F*CK WASPS etc etc).
Our fans want CCFC at the Ricoh and more money invested in the side with security of knowing that we'll be at the Ricoh for the foreseeable.
That could have happened and we'd all have been non the wiser about who the consortium was other than having Hoffman as the face of it. Plus all of those fans who have stayed away because of SISU would come back, wouldn't they? Wouldn't that have been nice? 15K+ fans again in the Ricoh and a team that isn't worried about selling it's star youngster every year to still be able to invest?
 

Skyblueweeman

Well-Known Member
  • Jul 24, 2019
  • #76
Grendel said:
Ha well the twitter poll on confidence regarding the trust was about the same

This will be an argument against this but Facebook and Twitter are not forums and use the existing platform and user ids

If as a business you are looking to launch something with a community angle the big advantages a forum offers is its targeted and you need to create an ID to join it.

In that sense I’d argue it’s more likely to have views representative to the fan base that attends and have a specific view on a subject
Click to expand...

Get it. Not sure I agree but understand what you mean.
 

chiefdave

Well-Known Member
  • Jul 24, 2019
  • #77
Si80 said:
Were Wasps involved when SISU started telling the council that they were leaving the Ricoh, building a stadium on a cloud and basically playing chicken with the club on the M6?
Click to expand...
Yes there were weren't they? Didn't the council approach and speak to Wasps before all this started?
 

Grendel

Well-Known Member
  • Jul 24, 2019
  • #78
Si80 said:
Were Wasps involved when SISU started telling the council that they were leaving the Ricoh, building a stadium on a cloud and basically playing chicken with the club on the M6? That's where this started Nick. I don't need the Telegraph, nor the Observer to tell me that. SISU started this downward spiral, I saw them drag us to the lowest tier of football over their own personal greed without a care for the fans. We're their last thought. Seppala couldn't give a shit about us.

Devils advocate here....If it hadn't come out that Wasps were behind Hoffman and his consortium, and SISU had accepted his bid and sold the club to him I'd imagine a deal would have been cut for CCFC to have an equal part of the income at the Ricoh, a permanent home and allow us to fund the team better. Serious question, would our fans care? Of course they wouldn't (well maybe some on here would be F*CK WASPS etc etc).
Our fans want CCFC at the Ricoh and more money invested in the side with security of knowing that we'll be at the Ricoh for the foreseeable.
That could have happened and we'd all have been non the wiser about who the consortium was other than having Hoffman as the face of it. Plus all of those fans who have stayed away because of SISU would come back, wouldn't they? Wouldn't that have been nice? 15K+ fans again in the Ricoh and a team that isn't worried about selling it's star youngster every year to still be able to invest?
Click to expand...

Wasps were approached before the rent was stopped being paid
 
Reactions: vow and mr_monkey

Si80

Well-Known Member
  • Jul 24, 2019
  • #79
chiefdave said:
I'm interested to know why, when all sides are to blame, you are boycotting CCFC but attending Wasps? Surely you would boycott both.
Click to expand...
I've never been to a Wasps game. I mentioned that I sat around plenty of CCFC fans that were also Wasps ST holders.
 

Si80

Well-Known Member
  • Jul 24, 2019
  • #80
Grendel said:
Wasps were approached before the rent was stopped being paid
Click to expand...
But had SISU announced that they were off building their new stadium?
 

Grendel

Well-Known Member
  • Jul 24, 2019
  • #81
Si80 said:
But had SISU announced that they were off building their new stadium?
Click to expand...

No of course not. ACL were trying to purchase wasps behind the clubs back. Even the rent strike was an agreed strategy by both sides to lower the Yorkshire Bank purchase price for the loan
 
Reactions: vow

torchomatic

Well-Known Member
  • Jul 24, 2019
  • #82
clint van damme said:
I hate them being here because I support CCFC and because I have empathy with people like this fella.

'By moving to Coventry, Wasps have told their fans they don't matter'
Click to expand...

And another opportunity to post this eye-opening article.

Hugh Godwin: Wasps didn't have to send themselves to Coventry
 
Reactions: vow, Skyblueweeman and clint van damme

Liquid Gold

Well-Known Member
  • Jul 24, 2019
  • #83
torchomatic said:
And another opportunity to post this eye-opening article.

Hugh Godwin: Wasps didn't have to send themselves to Coventry
Click to expand...
In that article, written in 2014, it says they planned to be in profit in 3/4 years. 4 years down the line they're losing £10m a year.
 
Reactions: torchomatic

Si80

Well-Known Member
  • Jul 24, 2019
  • #84
Liquid Gold said:
In that article, written in 2014, it says they planned to be in profit in 3/4 years. 4 years down the line they're losing £10m a year.
Click to expand...
Amazon TV money will cover a chunk of that won't it in the short term? Rest of the TV coverage deal to be sorted by 2021 and an expected increase again on current tv deal (£200M). If that's the case then it looks like Richardson's gamble might pan out.
 

Mucca Mad Boys

Well-Known Member
  • Jul 24, 2019
  • #85
chiefdave said:
The Premiership Rugby website has attendance stats and shows Wasps only having the 5th highest attendances in the league let alone the whole of Europe.
Click to expand...

Which is still about the Top 10 in Europe — to put that into perspective. Only 1-2 French and another 1-2 Irish teams have teams with comparable attendances.

Bad explanation on my part, the seasons in their ‘successful’ seasons they were amongst they were about 6th in Europe and doing really well on that front.

I do believe there’s a lot of mercenary support for Wasps, who won’t really stick with them when the going gets tough.
 

chiefdave

Well-Known Member
  • Jul 24, 2019
  • #86
Si80 said:
Amazon TV money will cover a chunk of that won't it in the short term? Rest of the TV coverage deal to be sorted by 2021 and an expected increase again on current tv deal (£200M). If that's the case then it looks like Richardson's gamble might pan out.
Click to expand...
When did Amazon win the rights? Can't find anything about that online.

The effect of any TV deal, unless it reaches Premier League football proportions or is a lower value than previously, is surely negligible as all clubs will get the same and therefore for Wasps to remain at the same level they are now will need to increase their spending in line with any increase.
 
Reactions: torchomatic and theferret

fernandopartridge

Well-Known Member
  • Jul 24, 2019
  • #87
Si80 said:
Amazon TV money will cover a chunk of that won't it in the short term? Rest of the TV coverage deal to be sorted by 2021 and an expected increase again on current tv deal (£200M). If that's the case then it looks like Richardson's gamble might pan out.
Click to expand...

How will it pan out? He's personally owed a fortune which he's never getting back, he's otherwise got to raise £34m to repay a bond. Also, a big increase in Amazon TV money is offset in an increase in the share that goes to CVC partners from 27% up to 45% if revenue increases above the certain level. Therefore, the TV deal would have to be magnificent if it was to provide the kind of windfall that would put Wasps into a profit position.
 

Liquid Gold

Well-Known Member
  • Jul 24, 2019
  • #88
Si80 said:
Amazon TV money will cover a chunk of that won't it in the short term? Rest of the TV coverage deal to be sorted by 2021 and an expected increase again on current tv deal (£200M). If that's the case then it looks like Richardson's gamble might pan out.
Click to expand...
You’re banking on two deals, one rumoured and one two years away. In the meantime they have a short terms cash injection that won’t even cover their bonds a loss of £2m a year from us not being there. Rumours of sponsorship money dwindling, poorly managed events likely to lead to less profitable ones coming in the future and rumours of casino closing. They have also given up a quarter of any league revenue (which includes tv money) so that will have to have a significant increase before they even look at the same coming in let alone chipping away on current losses and what is expected to get worse. This all going on when they can’t afford training facilities, are losing their best players and failed to qualify for premier European competition meaning another drop in income, quality and likely punters.

Anybody predicting an improvement at the moment is widely optimistic or badly deluded.
 
Reactions: torchomatic and duffer

Grendel

Well-Known Member
  • Jul 24, 2019
  • #89
Si80 said:
Amazon TV money will cover a chunk of that won't it in the short term? Rest of the TV coverage deal to be sorted by 2021 and an expected increase again on current tv deal (£200M). If that's the case then it looks like Richardson's gamble might pan out.
Click to expand...

No it won’t - they are losing money every week and the players will inevitably demand that they receive the TV money in wages

Wasps even with player squad reductions cannot control the wage spend. Turnover has not improved profit and the stadium maintenance looks very daunting

Richardson took £10 million back when financing the Bond and then promptly had to start lending it back again. It’s eaten massively into his personal weaker and there is zero chance of getting it back
 
Reactions: torchomatic and duffer

Liquid Gold

Well-Known Member
  • Jul 24, 2019
  • #90
chiefdave said:
When did Amazon win the rights? Can't find anything about that online.

The effect of any TV deal, unless it reaches Premier League football proportions or is a lower value than previously, is surely negligible as all clubs will get the same and therefore for Wasps to remain at the same level they are now will need to increase their spending in line with any increase.
Click to expand...
That's where we are with them now. People who are more supportive of the move are clinging on to things like money from amazon who have only expressed a vague interest.
 

fernandopartridge

Well-Known Member
  • Jul 24, 2019
  • #91
Si80 said:
But had SISU announced that they were off building their new stadium?
Click to expand...

No, get with the timeline. It was in March 2012 (conversations between ACL and Wasps had clearly been taking place for a while). This was at the same time as ACL apparently negotiating in good faith with CCFC for the Higgs' Share in ACL.
 
Reactions: torchomatic and duffer
D

Deleted member 5849

Guest
  • Jul 24, 2019
  • #92
fernandopartridge said:
No, get with the timeline. It was in March 2012 (conversations between ACL and Wasps had clearly been taking place for a while). This was at the same time as ACL apparently negotiating in good faith with CCFC for the Higgs' Share in ACL.
Click to expand...
Wouldn't that have seen CCFC owning a half share in Wasps, if everything had panned out?
 

oldskyblue58

CCFC Finance Director
  • Jul 24, 2019
  • #93
Just a few of points on the Wasps finances. The latest info available is for the 6 months to 31/12/2018. Audited accounts are due to be reported 31/10/2019

If you compare 31/12/2018 figures to the same six months in 2017 then turnover was up not by much £390k but it hadnt fallen. ( six months to 31/12/2018 16.4m 31/12/2017 15.8m) total turnover for year to 30/06/2018 32.8m.

Since 31/12/18 there have been three concerts at the ricoh which will add to turnover but maybe not the profit. And of course the increased number of CCFC fans will have softened the blow from their own poor performance on the pitch.

I expect their performances to be down but thats more because of their poor season i feel than anything else. How they are affected next season is any ones guess

The debt to Richardson had in that 6 months to 31/12/2018 fallen by £238k compared to 30/06/2018 (year end). Total borrowings by 31/12/2018 had fallen by £470k since 30/06/2018

During that 6 months to 31/12/2018 they completed a new deal with Delaware to replace Compass. As i understand it that should increase the Wasps profit because it is at cheaper cost

During the 6 months to 31/12/2018 they spent 5.1m on getting rid of Compass and a further £2m on fixed assets. But managed to be cash flow positive to the tune of £1.4m

Since 31/12/2018 Wasps have benefitted from the CVC share sale to around 15m. That will show in the accounts to 30/06/2018 as an increase in profit (less the value already in the accounts approx 3.8m). So in the scheme of things they should be profitable to 30/06/2019. They might not be able to spend it on the day to day running of the business or players or repaying debt but the worst they can do is put it on deposit which if they get 3% interest is 450k income/profit going forward

The wasps losses will not increase by 2m because CCFC are not there. That is the Turnover figure put out by Boddy/Fisher/Seppala which totally ignores the costs associated with it. The loss is nothing like that figure

All rugby clubs are under huge pressure because of player wages. However unlike football there is some sort of mechanism to control it. Wage pressure isnt going away though. As i understand it there is a levelling out going on between the English clubs at the moment where those not previously hitting the cap are and those that already have stay there.

Thats the best i can give you until October in respect of Wasps finances. But it is based on published information not hearsay. That is not to say everything at wasps is rosey or going well

Last thought, i know what has been said but are we 100% sure wasps want or need CCFC back? I am not. October should bring more insight
 
Last edited: Jul 24, 2019
T

theferret

Well-Known Member
  • Jul 24, 2019
  • #94
They're also now in debt to JP McManus who loaned them a load of cash recently.
 

oldskyblue58

CCFC Finance Director
  • Jul 24, 2019
  • #95
fernandopartridge said:
No, get with the timeline. It was in March 2012 (conversations between ACL and Wasps had clearly been taking place for a while). This was at the same time as ACL apparently negotiating in good faith with CCFC for the Higgs' Share in ACL.
Click to expand...

The negotiations were with the Charity not ACL fp. Turns out there was a reason SISU wanted sight of the ACL books.

Yes ACL were talking to wasps with a view to ACL owning wasps not the other way round. It was also the time that assets in CCFC got moved or were lost. They were all as bad as each other
 
Reactions: duffer

Nick

Administrator
  • Jul 24, 2019
  • #96
theferret said:
They're also now in debt to JP McManus who loaned them a load of cash recently.
Click to expand...

Wasn't that an emergency thing to get the wages paid?
 
T

theferret

Well-Known Member
  • Jul 24, 2019
  • #97
Nick said:
Wasn't that an emergency thing to get the wages paid?
Click to expand...

Yeah, £5 million at the end of last month.
 

Tommo1993

Well-Known Member
  • Jul 24, 2019
  • #98
Emergency loans to get staff paid - yet we’re told to believe that Wasps are just fine. Ha!
 

chiefdave

Well-Known Member
  • Jul 24, 2019
  • #99
theferret said:
Yeah, £5 million at the end of last month.
Click to expand...
Didn't know that. That can't be a good sign.
 

RegTheDonk

Well-Known Member
  • Jul 24, 2019
  • #100
Si80 said:
Amazon TV money will cover a chunk of that won't it in the short term? Rest of the TV coverage deal to be sorted by 2021 and an expected increase again on current tv deal (£200M). If that's the case then it looks like Richardson's gamble might pan out.
Click to expand...
You almost sound happy.
 

David O'Day

Well-Known Member
  • Jul 24, 2019
  • #101
Si80 said:
This is just horse shit. I sat around plenty of CCFC season ticket holders at the Ricoh last year that are also Wasps season ticket holders. To think that people in Coventry don't want to watch premiership rugby on their doorstep is ridiculously blinkered.
Click to expand...
Cool story bro, needs more dragons though. Sibollocks more like

Sent from my SM-G975F using Tapatalk
 
Reactions: Kneeza

fernandopartridge

Well-Known Member
  • Jul 24, 2019
  • #102
Deleted member 5849 said:
Wouldn't that have seen CCFC owning a half share in Wasps, if everything had panned out?
Click to expand...
Of course not, how realistically would that have worked?
 
D

Deleted member 5849

Guest
  • Jul 25, 2019
  • #103
fernandopartridge said:
Of course not, how realistically would that have worked?
Click to expand...
If ACL wanted to buy Wasps, and wecwanted to buy half of ACL
 

Nick

Administrator
  • Jul 25, 2019
  • #104
Deleted member 5849 said:
If ACL wanted to buy Wasps, and wecwanted to buy half of ACL
Click to expand...
Think Haskell...
 

mark82

Super Moderator
  • Jul 25, 2019
  • #105
Si80 said:
This is just horse shit. I sat around plenty of CCFC season ticket holders at the Ricoh last year that are also Wasps season ticket holders. To think that people in Coventry don't want to watch premiership rugby on their doorstep is ridiculously blinkered.
Click to expand...

We already have a rugby team - Coventry RFC. They were once one of the most successful teams in the country, but have fallen on hard times. They are now on their way back. Why not support them?

Wasps coming is the equivalent of parachuting Arsenal into Coventry because Coventry City have been playing in the third and fourth tier. Bet you'd love that because you could watch premier league football.
 
Last edited: Jul 25, 2019
Reactions: Wiseoldfool, Deleted member 5849, mr_monkey and 5 others
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