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Wasps downward spiral... (8 Viewers)

  • Thread starter CCFC54321
  • Start date Oct 20, 2018
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Dubai-Dodger

Member
  • Jun 12, 2022
  • #4,166
Grendel said:
The correlation with on field results and attendance doesn’t really exist in rugby - wasps were finalists last year but attendances remain low and decreasing
Click to expand...

Doesn’t it ? …. What do you base that on ? …. I can assure over many years I’ve seen gates go up and down with success …. Remember Wasps had very low attendance at Wycombe in the later years.
 
D

Dubai-Dodger

Member
  • Jun 12, 2022
  • #4,167
mr_monkey said:
Well you were near the bottom thus season and if the finances continue the way they are going you aren't that far away from extinction now so basically up rooted to stay in the same position, cracking work
Click to expand...

As I said the business structure will change Wasps will remain playing in Cov.
 

Philosoraptor

Well-Known Member
  • Jun 12, 2022
  • #4,168
Dubai-Dodger said:
As I said the business structure will change Wasps will remain playing in Cov.
Click to expand...

In your opinion, where is the £35M going to come from to pay the bondholders?
 

Grendel

Well-Known Member
  • Jun 12, 2022
  • #4,169
Dubai-Dodger said:
Doesn’t it ? …. What do you base that on ? …. I can assure over many years I’ve seen gates go up and down with success …. Remember Wasps had very low attendance at Wycombe in the later years.
Click to expand...

I base it on the fact that last season wasps went to the final and gates then declined this season.

The “buzz” the media and Wasps PR created has long faded

I know you’ve said it doesn’t have an impact on Coventry Rugby Club but to attract more support it would have to. We must be the only city that has 2 clubs based in it of some stature I’d assume.

It’s always been very coy on how many season tickets they sell and as they love a good PR story I assume the sales are poor

They started this season as runners up but there was no momentum from a support perspective just a further decline in interest
 
Reactions: Sick Boy, Peter Billing, Deleted member 5849 and 1 other person

Grendel

Well-Known Member
  • Jun 12, 2022
  • #4,170
Philosorapter said:
In your opinion, where is the £35M going to come from to pay the bondholders?
Click to expand...

The 250 lease will mean funding is achieved - the real outrage would be if a sale could be agreed at the asset value and wasps then have a 50 year sub Lease and money in the bank
 

Philosoraptor

Well-Known Member
  • Jun 12, 2022
  • #4,171
Grendel said:
The 250 lease will mean funding is achieved - the real outrage would be if a sale could be agreed at the asset value and wasps then have a 50 year sub Lease and money in the bank
Click to expand...

Do you mean the selling of the head lease?
 

Grendel

Well-Known Member
  • Jun 12, 2022
  • #4,172
Philosorapter said:
Do you mean the selling of the head lease?
Click to expand...

Well if the sold it for market value the rugby element is then viable isn’t it?
 

Philosoraptor

Well-Known Member
  • Jun 12, 2022
  • #4,173
Grendel said:
Well if the sold it for market value the rugby element is then viable isn’t it?
Click to expand...

Then surely all you need to do is sell the rugby club at the first opportunity and cash in?
 
Last edited: Jun 12, 2022
Reactions: Grendel

Philosoraptor

Well-Known Member
  • Jun 12, 2022
  • #4,174
I don't think the head lease is worth an awful lot.
 
Reactions: Grendel

Gynnsthetonic

Well-Known Member
  • Jun 12, 2022
  • #4,175
Wasps chose the wrong location moving here, ok they saw the stadium as an opportunity to make money which just hasn't worked and are losing £10m a year which cannot go on, too many clubs around here with Cov, Leicester, Nottingham, Moseley, Worcester, Northampton, Gloucester etc.
 

mr_monkey

Well-Known Member
  • Jun 12, 2022
  • #4,176
Dubai-Dodger said:
As I said the business structure will change Wasps will remain playing in Cov.
Click to expand...

So what was the point of it all?
 

Gynnsthetonic

Well-Known Member
  • Jun 12, 2022
  • #4,177
Dubai-Dodger said:
As I said the business structure will change Wasps will remain playing in Cov.
Click to expand...
Losing £10m, it doesn't stack up to be here, it's not Premiership football with millions to be made, they thought that was going to happen and its massively backfired
 
Reactions: mr_monkey

MacReady

Well-Known Member
  • Jun 12, 2022
  • #4,178
I don’t want Wasps to go under and wouldn’t wish that on any team in any sport, but they most definitely should go back to where they came from - they aren’t a Coventry team and they shouldn’t be based permanently in Coventry period
 
Reactions: Saddlebrains, CCFC54321 and Gynnsthetonic

Gynnsthetonic

Well-Known Member
  • Jun 12, 2022
  • #4,179
MacReady said:
I don’t want Wasps to go under and wouldn’t wish that on any team in any sport, but they most definitely should go back to where they came from - they aren’t a Coventry team and they shouldn’t be based permanently in Coventry period
Click to expand...
There is Wasps Amateurs that are still playing in London, if the fans got behind them they could rise like Wimbledon FC, then the thousands of Coventry based Wasps fans can travel down there on Saturday
 
Reactions: CCFC54321
D

Dubai-Dodger

Member
  • Jun 12, 2022
  • #4,180
Grendel said:
They started this season as runners up but there was no momentum from a support perspective just a further decline in interest
Click to expand...

Grendel if you do your homework you might see it differently….. they were not runners up last season they were 8th so already on a decline on field …. They played 2 seasons ago 2020 in a covid delayed final and the following season played many games either behind closed doors or with limited crowds due to covid. But why let the facts stand in the way of your narrative !
 
D

Dubai-Dodger

Member
  • Jun 12, 2022
  • #4,181
MacReady said:
but they most definitely should go back to where they came from - they aren’t a Coventry team and they shouldn’t be based permanently in Coventry period
Click to expand...

Explain why ? …. is that because historically football clubs are associated with a town or city. The mentality of football supporters is very much territorial …. That’s not always the case with rugby clubs, many clubs are associated with a town or city …. But the history of some rugby clubs is different.

I think if many of you are honest if Wasps hadn’t moved to the Ricoh but another stadium locally that hadn’t had an impact on CCFC, this thread wouldn’t exist. It’s the fact that Wasps came to the Ricoh that aggravated you not that they came to Cov, although I don’t expect for one moment anyone would admit that.
 

Kneeza

Well-Known Member
  • Jun 12, 2022
  • #4,182
Dubai-Dodger said:
...not that they came to Cov, although I don’t expect for one moment anyone would admit that.
Click to expand...
I beg to differ.
 
Reactions: Moff and mr_monkey

Philosoraptor

Well-Known Member
  • Jun 12, 2022
  • #4,183
Dubai-Dodger said:
Explain why ? …. is that because historically football clubs are associated with a town or city. The mentality of football supporters is very much territorial …. That’s not always the case with rugby clubs, many clubs are associated with a town or city …. But the history of some rugby clubs is different.

I think if many of you are honest if Wasps hadn’t moved to the Ricoh but another stadium locally that hadn’t had an impact on CCFC, this thread wouldn’t exist. It’s the fact that Wasps came to the Ricoh that aggravated you not that they came to Cov, although I don’t expect for one moment anyone would admit that.
Click to expand...

I would feel for you if the London rugby club move a further 100 miles away from you, that supposes you are from around that area where they originally sold their ground for housing. Then again, given the lack of any empathy for the rugby fans that can't get from High Wycombe to Coventry regularly, then you could always support another London rugby club.
 

chiefdave

Well-Known Member
  • Jun 12, 2022
  • #4,184
Dubai-Dodger said:
Of course there were free tickets but Wasps have reached 2 premiership finals and Other top tier games since they have been in Cov …. That surely swelled numbers much the same as CCFC gates have swelled because of the great resurgence of the team. You can’t use the argument both ways.
Click to expand...
This should be the thing that worries Wasps. They've had success while in Coventry and its barely registered with the locals. Then look at the response to the football club winning what is, I think we will all admit, a tin pot trophy. Let alone the success after that. It doesn't compare.
 
Reactions: mr_monkey and Saddlebrains

Gynnsthetonic

Well-Known Member
  • Jun 12, 2022
  • #4,185
Dubai-Dodger said:
Explain why ? …. is that because historically football clubs are associated with a town or city. The mentality of football supporters is very much territorial …. That’s not always the case with rugby clubs, many clubs are associated with a town or city …. But the history of some rugby clubs is different.

I think if many of you are honest if Wasps hadn’t moved to the Ricoh but another stadium locally that hadn’t had an impact on CCFC, this thread wouldn’t exist. It’s the fact that Wasps came to the Ricoh that aggravated you not that they came to Cov, although I don’t expect for one moment anyone would admit that.
Click to expand...
We have a 148 year old historical Rugby Club already in the City, they weren't welcome full stop.
 
Reactions: Moff, I_Saw_Shaw_Score, lordy_87 and 5 others

chiefdave

Well-Known Member
  • Jun 12, 2022
  • #4,186
Couple of questions for our new friend.

How do Wasps get out of this cycle? We know all too well how depressing it is sitting in a quarter full ground, given that Wasps aren't embedded in the community the way the football club there is far more chance of people just deciding they don't enjoy the day out anymore. How do Wasps stop attendances dropping lower and lower? They're clearly broke so splashing out on big names isn't the answer.

I'm also interested in what happens when Richardson decides to sell. Is there not the possibility of a situation similar to London Irish where the new owner wants to take them 'home', or maybe more working if someone decides they fancy the stadium / exhibition side of the business and buy on that basis but have no interest in the rugby side. We know all too well what can happen when the sporting side of the business is told to live within its means.

This only seems viable long term if someone is willing to pump millions in every year and those people are becoming harder to find. When relatively big name football clubs are struggling to find interested buyers with the best will in the world there's not likely to be a queue of people waiting to buy Wasps.
 

Grendel

Well-Known Member
  • Jun 12, 2022
  • #4,187
chiefdave said:
Couple of questions for our new friend.

How do Wasps get out of this cycle? We know all too well how depressing it is sitting in a quarter full ground, given that Wasps aren't embedded in the community the way the football club there is far more chance of people just deciding they don't enjoy the day out anymore. How do Wasps stop attendances dropping lower and lower? They're clearly broke so splashing out on big names isn't the answer.

I'm also interested in what happens when Richardson decides to sell. Is there not the possibility of a situation similar to London Irish where the new owner wants to take them 'home', or maybe more working if someone decides they fancy the stadium / exhibition side of the business and buy on that basis but have no interest in the rugby side. We know all too well what can happen when the sporting side of the business is told to live within its means.

This only seems viable long term if someone is willing to pump millions in every year and those people are becoming harder to find. When relatively big name football clubs are struggling to find interested buyers with the best will in the world there's not likely to be a queue of people waiting to buy Wasps.
Click to expand...

The rugby club is not likely to go anywhere - it has a 50 year sub lease
 

Philosoraptor

Well-Known Member
  • Jun 12, 2022
  • #4,188
Grendel said:
The rugby club is not likely to go anywhere - it has a 50 year sub lease
Click to expand...

At the moment. They have bondholders to pay.
 

chiefdave

Well-Known Member
  • Jun 12, 2022
  • #4,189
Dubai-Dodger said:
I think if many of you are honest if Wasps hadn’t moved to the Ricoh but another stadium locally that hadn’t had an impact on CCFC, this thread wouldn’t exist. It’s the fact that Wasps came to the Ricoh that aggravated you not that they came to Cov, although I don’t expect for one moment anyone would admit that.
Click to expand...
Of course it wouldn't, rugby barely registers on here at the best of times. But I would also suggest that if that had happened and someone had stuck a poll up the response would have been overwhelming negative. The vast majority of people, and I'm talking sports fans in general not just our fans, simply don't believe clubs should be allowed to move round the country. I recall looking on some other rugby forums around the time of the move and the supporters of all other clubs were very much against it.

The idea that Wasps are nomadic is complete nonsense. You can make a stronger agreement for Coventry City being nomadic! What is it, 136 years in London, 12 years in Wycombe which is only 25 miles from their traditional home all while insisting a move back to London was being worked on, doesn't make you nomadic and excuse a move half way across the country.
 
Reactions: AOM

Gynnsthetonic

Well-Known Member
  • Jun 12, 2022
  • #4,190
Grendel said:
The rugby club is not likely to go anywhere - it has a 50 year sub lease
Click to expand...
But losing £10m a year, it's not sustainable for a Rugby union team, a smaller leased stadium with smaller running costs in the London area would suit.
 

chiefdave

Well-Known Member
  • Jun 12, 2022
  • #4,191
Grendel said:
The rugby club is not likely to go anywhere - it has a 50 year sub lease
Click to expand...
That's the point, what happens if the only person interested in taking them on when Richardson wants to get out is a Wasps fan who wants them back in London. How do you untangle the mess.
 

clint van damme

Well-Known Member
  • Jun 12, 2022
  • #4,192
Dubai-Dodger said:
Explain why ? …. is that because historically football clubs are associated with a town or city. The mentality of football supporters is very much territorial …. That’s not always the case with rugby clubs, many clubs are associated with a town or city …. But the history of some rugby clubs is different.

I think if many of you are honest if Wasps hadn’t moved to the Ricoh but another stadium locally that hadn’t had an impact on CCFC, this thread wouldn’t exist. It’s the fact that Wasps came to the Ricoh that aggravated you not that they came to Cov, although I don’t expect for one moment anyone would admit that.
Click to expand...

you only have to look at how despised MK Dons are on here and among football supporters other than Wimbledon to know that isn't true.
It all looks a bit like franchising, a concept which isn't popular among football supporters.
 
D

Dubai-Dodger

Member
  • Jun 12, 2022
  • #4,193
Gynnsthetonic said:
We have a 148 year old historical Rugby Club already in the City, they weren't welcome full stop.
Click to expand...

weren’t welcome by who ? ….. A few vocal CCFC supporters on a forum pissed off because Wasps moved into the Ricoh…. Hardly representative of the Coventry population.

As for Wasps being despised in the Rugby community like MK Dons. ….. I’d love to see where anyone sees that.
 

Gynnsthetonic

Well-Known Member
  • Jun 12, 2022
  • #4,194
Dubai-Dodger said:
weren’t welcome by who ? ….. A few vocal CCFC supporters on a forum pissed off because Wasps moved into the Ricoh…. Hardly representative of the Coventry population.

As for Wasps being despised in the Rugby community like MK Dons. ….. I’d love to see where anyone sees that.
Click to expand...
Coventry Rfc supporters and Coventry Rfc owners and directors wernt too happy I'll tell you
 
Reactions: Sick Boy, Deleted member 5849, mr_monkey and 1 other person
D

Dubai-Dodger

Member
  • Jun 12, 2022
  • #4,195
chiefdave said:
Of course it wouldn't, rugby barely registers on here at the best of times. But I would also suggest that if that had happened and someone had stuck a poll up the response would have been overwhelming negative. The vast majority of people, and I'm talking sports fans in general not just our fans, simply don't believe clubs should be allowed to move round the country. I recall looking on some other rugby forums around the time of the move and the supporters of all other clubs were very much against it.

The idea that Wasps are nomadic is complete nonsense. You can make a stronger agreement for Coventry City being nomadic! What is it, 136 years in London, 12 years in Wycombe which is only 25 miles from their traditional home all while insisting a move back to London was being worked on, doesn't make you nomadic and excuse a move half way across the country.
Click to expand...

so …… a 28 mile move to Adam’s Park outside of London is allowed but an 82 mile move is not allowed. ….. what would you suggest is the limit of an acceptable move for a rugby team ?
 

Gynnsthetonic

Well-Known Member
  • Jun 12, 2022
  • #4,196
Dubai-Dodger said:
weren’t welcome by who ? ….. A few vocal CCFC supporters on a forum pissed off because Wasps moved into the Ricoh…. Hardly representative of the Coventry population.

As for Wasps being despised in the Rugby community like MK Dons. ….. I’d love to see where anyone sees that.
Click to expand...
A lot of Leicester, and Worcester fans despise you for franchising out your London Rugby Club, can't say for other premiership clubs because I don't anybody that follows them, not sure what Harlequins and Saracens fans had to say.
 

Gynnsthetonic

Well-Known Member
  • Jun 12, 2022
  • #4,197
Dubai-Dodger said:
so …… a 28 mile move to Adam’s Park outside of London is allowed but an 82 mile move is not allowed. ….. what would you suggest is the limit of an acceptable move for a rugby team ?
Click to expand...
About 28 miles!
 
Reactions: OffenhamSkyBlue and chiefdave
D

Dubai-Dodger

Member
  • Jun 12, 2022
  • #4,198
Gynnsthetonic said:
Coventry Rfc supporters and Coventry Rfc owners and directors wernt too happy I'll tell you
Click to expand...

Interesting ….. my understanding is very different…. Perhaps we agree to disagree.
 
Reactions: mr_monkey
D

Dubai-Dodger

Member
  • Jun 12, 2022
  • #4,199
Gynnsthetonic said:
A lot of Leicester, and Worcester fans despise you for franchising out your London Rugby Club, can't say for other premiership clubs because I don't anybody that follows them, not sure what Harlequins and Saracens fans had to say.
Click to expand...

Reality is that most don’t care.
 

Grendel

Well-Known Member
  • Jun 12, 2022
  • #4,200
Philosorapter said:
At the moment. They have bondholders to pay.
Click to expand...

no the holding company does
 
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