Can I ask a question and get the thoughts of others?
At the last SCG meeting I asked SW why they don't approach WASPS and ask to buy into ACL and own a little part of the stadium, say 10%. My question was just waved away.
However, why is this such a silly idea?
If our owners publically said they would like to buy into the Ricoh, firstly it would show long term financial commitment to the Club, secondly they would get 10% of any profits/ f&b (or 10% of any loss). Thirdly it would mean they would be talking in a positive manor to our landlords, (which I hope they are already doing so).
It would make sure we have a long term home and hopefully the opportunity in future years to buy more shares in the ground. Am sure it would cost a lot less to buy into a stadium than to build a new one.
Of course Wasps might say "no chance" but at least then we know the only other option is a new ground, but that means they have to do more than just talk the talk.
If they do eventually build a new ground we all have an idea of what costs are involved, who will own this venue and how our fan base will be effected even further. They would have to compete with the Ricoh for any events, pay and run the place and of course there is the time it will take to get this even to planning stage.
At these exciting times let's all stay positive and keep this thread on subject and not throw useless negatives comments into the debate.
Thoughts?
How would it work with bond?
Our beloved owners would also have to raise the money to do it and I can't imagine their investors have much appetite for something that has this bond against it.
We must now be so far down the line with our new ground that we don't need to invest in the current one:claping hands:
sisu in the guise of tim fisher continually moan about the lack of revenue streams which is a valid argument strange that this summer they have given up on the club shop now run by an outside north eastern based company and also the matchday programme has been out sourced as well.
How would it work with bond?
Our beloved owners would also have to raise the money to do it and I can't imagine their investors have much appetite for something that has this bond against it.
We must now be so far down the line with our new ground that we don't need to invest in the current one:claping hands:
Wasps have already said that ACL isn't for sale. Are you sure it's a good idea to get involved with a company with business morals like them as well? People complain about Sisu, we don't need to make it worse by getting involved with another similar company.
Wasps wouldn't have bought CAL unless It was the whole 100%so passing some off seems unlikely but you never know I suppose.
I think If we're being serious there needs to be a ten year agreement reached while we find our way to a solution.
Wasps wouldn't have bought CAL unless It was the whole 100%so passing some off seems unlikely but you never know I suppose.
I think If we're being serious there needs to be a ten year agreement reached while we find our way to a solution.
I don't understand why the bond Easps used for funding has any relevance to anything. It's not an asset backed security is it?
Or the 250year lease?0The Ricoh has been used as Security on the bonds.
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
Or the 250year lease?0
I'm not sure why there is this belief that Wasps are happy to accommodate us at every turn and are willing to help us.
They have had to appear that way in order to win the PR war. Quite why some on this forum continue to praise a board who moved there club 100 miles is beyond me. I work with an ex-Wasps supporter and the absurd claims made on here that their fans backed the move is a joke.
The prospect of playing away from the Ricoh after this season is very real. I'd like us to have nothing to do with Wasps while they are in the city. Rather than trying to form some kind of partnership, we should be looking to distance ourselves from them as much as possible
Firstly I don't think Wasps would go for it
That aside I agree with the sentiment but only 10% is a waste of time, we'd need 50% to make it a feasible partnership. I'm pretty sure Wasps would have no intention of letting us buy into ACL but at the very least it may get a few supporters on side with a new stadium when it is rejected.
You are missing the point. When Sisu said they wanted to own the Ricoh they didn't say 'and we want to pay a fair market price for it' did they?
Didn't wasps say they weren't looking to sell or invest in the football club?
They were always here for 100% and nothing less.
Think they would charge us 10% of what they paid or 10% of what they said in the bonds?
I can't see Wasps rejecting an approach for 10% is going to get anyone on board with a new ground. A business plan, stadium plan and progress on land purchase somewhere the majority if not all the fan base find acceptable on the other hand might do just that. You've got to be able to find the idea believable first before getting on board.
If you think that Wasps paid a fair market price then you are deluded.
I'm on about the concept and idea of a new stadium rather than SISU's failure to deliver a real plan for a new stadium, when Wasps reject this hypothetical offer a few fans may finally be swayed that are long term future lies away from the Ricoh under any ownership. We'd then need owners who can actually deliver a new stadium.
I think it's obvious that our long term future lies away from the Ricoh, unless somehow we can buy in. But apparently these new owners are currently as mythical as the new stadium SISU have promised everyone. So in the mean time the best thing for the club is a medium term solution at the Ricoh. A 10 year deal seems logical. It gives SISU enough time to exhaust there courtroom antics and sell up when they're finished.
Therein lies the problem
We have no hope under SISU
We have no hope at the Ricoh of getting back to the premier league
And neither look like changing anytime soon.
What was the fair market price?
What was the last we heard on the new stadium?
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