They can’t. A wasps ‘supporter’ I know even says it’s only a matter of time before they go pop.
They can’t. A wasps ‘supporter’ I know even says it’s only a matter of time before they go pop.I just can't see how they can last, they're losing in the region of 10m a year with 4k-5k paying spectators, their London based fans can't be bothered anymore and over the years that fanbase will just dwindle.
They can’t. A wasps ‘supporter’ I know even says it’s only a matter of time before they go pop.
Agreed. Unless there’s some dramatic changes the model doesn’t appear to work. It’s all well and good owning a ground but if youre having to pay 6.5%* pa (£2m) just to service interest on the debt with dwindling crowds/match day income then you’re going to struggle. The only things I can think of that can help dig them out if this mess is external investment, large non sport events/gigs and sponsorship (not sure what CBS are paying ?)
*could increase in future
Can't see where the external investment will come from, it's been a loss making business since they arrived and hasn't changed to this day.Agreed. Unless there’s some dramatic changes the model doesn’t appear to work. It’s all well and good owning a ground but if youre having to pay 6.5%* pa (£2m) just to service interest on the debt with dwindling crowds/match day income then you’re going to struggle. The only things I can think of that can help dig them out if this mess is external investment, large non sport events/gigs and sponsorship (not sure what CBS are paying ?)
*could increase in future
Is that the one that said they would in 2017?
Love to see their business plan for the next five years…. If they have one mate!Can't see where the external investment will come from, it's been a loss making business since they arrived and hasn't changed to this day.
We will be paying a significant amount of the interest which is why we are allowed back
genuine question here….
Why do you come on here? Your only motive on this site is to be rude, spiteful, argumentative, shout down anyone that has an alternative opinion and down right horrible. What drives you to be such a person?
I’m not going to respond again to your sarcasm as I often tend to put you in my back pocket after a post or two as your not worth it pal.
I’m certainly not going to allow you to ruin such a good thread either!
Can you share the link please? Cheers.There seems to be strife with the bondholders. Some look like they're getting ready to kick off.
Love to see their business plan for the next five years…. If they have one mate!
We will be paying a significant amount of the interest which is why we are allowed back
Thanks mate- appreciated
We are the main event!The reason they wanted CCFC back was they are the attraction at the stadium which also led CBS there
The reason they wanted CCFC back was they are the attraction at the stadium which also led CBS there
Which is another reason the main company won’t fold
They will not survive just relying on CCFC income and the lease is running down
Our lease is 8 years to runits hardly running down it’s got 240 years to run!
It's worthless, why would they buy it, Wasps never as they sold bonds to purchase it.Let’s be honest if Sepalla and Boddy were serious about ground ownership they’d look to buy the lease from wasps holdings and save a fortune compared to building a new ground
It's worthless, why would they buy it, Wasps never as they sold bonds to purchase it.
Bought it for how much, 2.7m was it not, not 60m, then they issued the bonds which paid off the councils loan and covered their original purchase. It may be valued at 60m but Wasps won't get anything for itThey bought it before the bond issue abs it’s valued at £60 million
Bought it for how much, 2.7m was it not, not 60m, then they issued the bonds which paid off the councils loan and covered their original purchase. It may be valued at 60m but Wasps won't get anything for it
I meant CCFC leaseits hardly running down it’s got 240 years to run!
To SISU it has zero value as they won't offer anything, that's if Wasps were willing to sell, and would CCC let that happen. Could SISU not issue a similar bond scheme to raise funds?It was £5.4m plus £1m for the lease. It also included the operational debt of around £20m.
Of course it’s worth money it’s stupid to say it has zero value
Let’s be honest if Sepalla and Boddy were serious about ground ownership they’d look to buy the lease from wasps holdings and save a fortune compared to building a new ground
Is that not the responsibility of the freeholder?It would cost as much to bring it up to standard as building a new one
I understand the dilaps are one problem in the equation
It was £5.4m plus £1m for the lease. It also included the operational debt of around £20m.
Of course it’s worth money it’s stupid to say it has zero value
Is that not the responsibility of the freeholder?
I'm surprised he's not said that they didn't want to repay the bond on Friday the 13th or somethingBridge has been released from his cage and has written his propaganda piece.
Another full house tonight….oh and sadly another lossView attachment 24814
There is a few that post on this forum in the stand there. Sadly, they will never admit it publicly.
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