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Wasps downward spiral... (6 Viewers)

  • Thread starter CCFC54321
  • Start date Oct 20, 2018
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O

oldfiver

Well-Known Member
  • Aug 13, 2022
  • #6,021
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.
Click to expand...

The Bondholders FB Group getting active

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

chiefdave

Well-Known Member
  • Aug 13, 2022
  • #6,022
oldfiver said:
It did little in this City anyway more interested towards Brum.
Click to expand...
Getting the early work in for their next move
 
O

oldfiver

Well-Known Member
  • Aug 13, 2022
  • #6,023
chiefdave said:
Getting the early work in for their next move
Click to expand...

The rumour is still circulating
 
D

Deleted member 5849

Guest
  • Aug 13, 2022
  • #6,024
oldfiver said:
The rumour is still circulating
Click to expand...
I'd say please, but then I guess it's Moseley that get shunted aside this time!
 

RegTheDonk

Well-Known Member
  • Aug 14, 2022
  • #6,025
MalcSB said:
SISU haven’t said we are up for sale.
Click to expand...
Sorry "open for business" then
 

MalcSB

Well-Known Member
  • Aug 14, 2022
  • #6,026
RegTheDonk said:
Sorry "open for business" then
Click to expand...
I don’t think they have even said that, have they?
 

RegTheDonk

Well-Known Member
  • Aug 14, 2022
  • #6,027
MalcSB said:
I don’t think they have even said that, have they?
Click to expand...
A senior source apparently said that to the times. Your probably right though who knows what to believe.
 
Reactions: MalcSB

ccfcchris

Well-Known Member
  • Aug 14, 2022
  • #6,028

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
 
Reactions: AOM, LastGarrison, torchomatic and 7 others

chiefdave

Well-Known Member
  • Aug 14, 2022
  • #6,029
ccfcchris said:

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
Click to expand...
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?’
Click to expand...
 
Reactions: AOM, torchomatic, Moff and 4 others

Nick

Administrator
  • Aug 14, 2022
  • #6,030
Yeah, hate to say I told you so
 
O

oldfiver

Well-Known Member
  • Aug 14, 2022
  • #6,031
Nick said:
Yeah, hate to say I told you so
Click to expand...

Needs to be on Drunkenwasps
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Aug 14, 2022
  • #6,032
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.
 
Reactions: Sick Boy, djr8369, AOM and 10 others

shepardo01

Well-Known Member
  • Aug 14, 2022
  • #6,033
chiefdave said:
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.
Click to expand...
One slight inaccuracy (or some may say contentious statement) CD... it states that we chose to move to Birmingham- nothing related to why we had to do it.
 
Reactions: AOM, Hiraeth, Sky Blue Pete and 2 others

RegTheDonk

Well-Known Member
  • Aug 14, 2022
  • #6,034
ccfcchris said:

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
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.
 
Reactions: torchomatic, Moff, duffer and 1 other person

tisza

Well-Known Member
  • Aug 14, 2022
  • #6,035
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

Well-Known Member
  • Aug 14, 2022
  • #6,036
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...
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
 
D

Deleted member 5849

Guest
  • Aug 14, 2022
  • #6,037
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.
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Aug 14, 2022
  • #6,038
Deleted member 5849 said:
Slightly related, but I'd love to know how Darlington can afford to stay in that Arena.
Click to expand...
Didn’t they go out of business because of that arena?
 

tisza

Well-Known Member
  • Aug 14, 2022
  • #6,039
Deleted member 5849 said:
Slightly related, but I'd love to know how Darlington can afford to stay in that Arena.
Click to expand...
George Reynolds what a rascal!!
Somebody picked up the stadium for not a lot when football club got into trouble as a result of Reynolds shenanigans.
 

Gynnsthetonic

Well-Known Member
  • Aug 14, 2022
  • #6,040
Deleted member 5849 said:
Slightly related, but I'd love to know how Darlington can afford to stay in that Arena.
Click to expand...
Don't think the football club do, they moved out years ago
 
D

Deleted member 5849

Guest
  • Aug 14, 2022
  • #6,041
Gynnsthetonic said:
Don't think the football club do, they moved out years ago
Click to expand...
I know. Darlington Rugby Club use it
 

Gynnsthetonic

Well-Known Member
  • Aug 14, 2022
  • #6,042
Deleted member 5849 said:
I know. Darlington Rugby Club use it
Click to expand...
Havnt a clue then, they only average 750 gates
 

Gynnsthetonic

Well-Known Member
  • Aug 14, 2022
  • #6,043
Just wish someone would come in and buy CCFC, bulldoze Central 6 near the station and build a ground with a mix of the CBS and HR, happy days. This at the moment is just a never ending nightmare. Anyway back to my beer in Miami
 
Reactions: RegTheDonk, Skybluemichael, duffer and 1 other person
C

CCFC54321

Well-Known Member
  • Aug 14, 2022
  • #6,044
I have to say that was an absolute brilliant article.
 

MalcSB

Well-Known Member
  • Aug 14, 2022
  • #6,045
oldfiver said:
Needs to be on Drunkenwasps
Click to expand...
It is.
 

Kneeza

Well-Known Member
  • Aug 14, 2022
  • #6,046
Deleted member 5849 said:
I know. Darlington Rugby Club use it
Click to expand...
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.
 
Reactions: vow and duffer
D

Deleted member 5849

Guest
  • Aug 14, 2022
  • #6,047
Kneeza said:
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.
Click to expand...
They're hardy up there though
 

chiefdave

Well-Known Member
  • Aug 14, 2022
  • #6,048
CCFC54321 said:
I have to say that was an absolute brilliant article.
Click to expand...
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
 
Reactions: RegTheDonk

MalcSB

Well-Known Member
  • Aug 14, 2022
  • #6,049
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
Click to expand...
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.
 
Reactions: duffer, AOM, torchomatic and 2 others
O

oldfiver

Well-Known Member
  • Aug 15, 2022
  • #6,050
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.
 
Reactions: duffer, RegTheDonk, SHUNT31 and 4 others

Nick

Administrator
  • Aug 15, 2022
  • #6,051
 
Reactions: duffer

Gynnsthetonic

Well-Known Member
  • Aug 15, 2022
  • #6,052
Who owns the Wasp training academy in Henley now Richardson sold his shares, is it actually anything to do with Wasp now?
 
O

oldfiver

Well-Known Member
  • Aug 15, 2022
  • #6,053
Gynnsthetonic said:
Who owns the Wasp training academy in Henley now Richardson sold his shares, is it actually anything to do with Wasp now?
Click to expand...

Was never owned by "Wasps Holdings ".

Looks like 2 of DAR associates

Check the Advfn Web site all details there
 

Nick

Administrator
  • Aug 16, 2022
  • #6,054
I said the council wouldn't let them fail.

It's a fucking disgrace.
 

TomRad85

Well-Known Member
  • Aug 16, 2022
  • #6,055
Nick said:
I said the council wouldn't let them fail.

It's a fucking disgrace.
Click to expand...
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?

Sent from my SM-G973F using Tapatalk
 
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