Wasps downward spiral... (3 Viewers)

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oldfiver

Well-Known Member
Liquid Gold said:
Richardson is planning something incredibly dodgy.

If I held anything in those bonds I'd be looking at exercising the charge asap.
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The Bondholders FB Group getting active

Yhe Trustee is going to have a busy Monday on his first day back off holiday
 
chiefdave

chiefdave

Well-Known Member
ccfcchris said:
www.rugbypass.com

How Wasps lost the battle for Coventry's hearts and minds

A recent statement issued by Wasps’ Chief Executive Stephen Vaughan addressed the latest instalment of the Gallagher Premiership...
www.rugbypass.com www.rugbypass.com
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Great article, absolutely spot on and not the first former employee recently to warn things aren't well at Wasps.

This part is something Wasps supporters just don’t seem to be able to grasp.
The club’s hierarchy and its loyal supporters like to say it is only a vocal minority who oppose their presence, but eight years on that really isn’t the case. I remember speaking to a 75-year-old neighbour of my late mother who knows nothing about sport and when I said I watched a lot of rugby at Wasps she asked: ‘Is that the club that stole our stadium?’
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H

HuckerbyDublinWhelan

Well-Known Member
What gets me is that they just don’t get it. yes we know SISU were the reason they’re here, the for me it’s the fact they took advantage of a situation they had no business being involved with, then expect us to be thankful they’re letting us play.

The stadium was soldby the council to spite Joy. When she eventually up sticks, rather than having to negotiate with a council - we now have to deal with a third party business whoare basically slum lords at this point.

they Deserve everything they get as a business, and a sports team.
 
RegTheDonk

RegTheDonk

Well-Known Member
ccfcchris said:
www.rugbypass.com

How Wasps lost the battle for Coventry's hearts and minds

A recent statement issued by Wasps’ Chief Executive Stephen Vaughan addressed the latest instalment of the Gallagher Premiership...
www.rugbypass.com www.rugbypass.com
Click to expand...
From someone who's worked for them, looking for a sugar daddy with deep pockets. Must have an endless supply of cash and daft in head if he wants to continue losing £10M a year. WASPs fans will probably say Paul Smith must have an axe to grind, being so negative, but hes deffo right being a local lad when he says without freebies, the locals aren't interested.
 
tisza

tisza

Well-Known Member
Still think bondholders weren't particularly bright in investing. Fell for some spiel and glossy brochures.
Nothing to suggest rugby is such a huge untapped market as Wasps claimed.
So many large cities without a serious rugby presence. Premiership full of small city teams.
None can sellout grounds with average size of around 15k.
Few professional sports teams are making decent money from their stadiums. RICOH isn't some goose with golden eggs.
Investors going on about selling stadium but their club don't seem to generate enough money to pay the rent to stay in such a stadium under new ownership.
 
Gynnsthetonic

Gynnsthetonic

Well-Known Member
tisza said:
Still think bondholders weren't particularly bright in investing. Fell for some spiel and glossy brochures.
Nothing to suggest rugby is such a huge untapped market as Wasps claimed.
So many large cities without a serious rugby presence. Premiership full of small city teams.
None can sellout grounds with average size of around 15k.
Few professional sports teams are making decent money from their stadiums. RICOH isn't some goose with golden eggs.
Investors going on about selling stadium but their club don't seem to generate enough money to pay the rent to stay in such a stadium under new ownership.
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The stadium is worth £0, don't think Sisu will pay a bean for it, they want it for nothing debt free, whether that will happen who knows
 
NorthernWisdom

NorthernWisdom

Well-Known Member
tisza said:
Still think bondholders weren't particularly bright in investing. Fell for some spiel and glossy brochures.
Nothing to suggest rugby is such a huge untapped market as Wasps claimed.
So many large cities without a serious rugby presence. Premiership full of small city teams.
None can sellout grounds with average size of around 15k.
Few professional sports teams are making decent money from their stadiums. RICOH isn't some goose with golden eggs.
Investors going on about selling stadium but their club don't seem to generate enough money to pay the rent to stay in such a stadium under new ownership.
Click to expand...
Slightly related, but I'd love to know how Darlington can afford to stay in that Arena.
 
Kneeza

Kneeza

Well-Known Member
NorthernWisdom said:
I know. Darlington Rugby Club use it
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Just to be pedantic, Darlington RFC play a couple of miles away. It's Mowden Park that play at the NE Arena.
If you'd ever been there you'd know why their average gate is in three figures. It's the coldest place on earth. I think my left testicle is still frozen to one of the seats there.
 
chiefdave

chiefdave

Well-Known Member
CCFC54321 said:
I have to say that was an absolute brilliant article.
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No doubt Shugs will tell everyone it’s someone who has it in for Wasps 😂 At some point when everyone is saying the same thing and everything is pointing to their being problems it might be wise to consider there might actually be a problem
 
M

MalcSB

Well-Known Member
chiefdave said:
No doubt Shugs will tell everyone it’s someone who has it in for Wasps 😂 At some point when everyone is saying the same thing and everything is pointing to their being problems it might be wise to consider there might actually be a problem
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He already has. “ Another ex employee. Ex bring key.“ (sic)

They really don’t get that if it looks like a duck and quacks like a duck, it’s probably a duck.
 
O

oldfiver

Well-Known Member
tisza said:
Still think bondholders weren't particularly bright in investing. Fell for some spiel and glossy brochures.
Nothing to suggest rugby is such a huge untapped market as Wasps claimed.
So many large cities without a serious rugby presence. Premiership full of small city teams.
None can sellout grounds with average size of around 15k.
Few professional sports teams are making decent money from their stadiums. RICOH isn't some goose with golden eggs.
Investors going on about selling stadium but their club don't seem to generate enough money to pay the rent to stay in such a stadium under new ownership.
Click to expand...


It needs Street and WMCA to come out and refuse the £13m grant application. The applicant is not repaying capital debt, not profit making and is still not filing statutory documents.
 
TomRad85

TomRad85

Well-Known Member
Nick said:
I said the council wouldn't let them fail.

It's a fucking disgrace.
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No one will ever see any benefit from that money, its just delaying the inevitable as they can't really be doing this every year.... can they?

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