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Wasps downward spiral... (5 Viewers)

  • Thread starter CCFC54321
  • Start date Oct 20, 2018
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Mucca Mad Boys

Well-Known Member
  • Aug 30, 2022
  • #6,441
Gynnsthetonic said:
Worcester maybe going into admin before being bought out, the closed shop the RFU have caused is ridiculous, if they gave out more money to championship clubs it would be so much more competitive. Teams like Ealing, Cornish Pirates, Cov etc would be chomping at the bit for promotion, the stupid requirement of a 10000 all seater stadium don't help at all one bit.
Click to expand...

How many rugby clubs regularly get 10,000 fans every game?

It highlights how dumb the Wasps purchase of the CBS was. Even at the time of the purchase, I always wondered what a rugby club would do with a 32k seater stadium.
 
Reactions: Sky Blue Pete and Gynnsthetonic

MalcSB

Well-Known Member
  • Aug 30, 2022
  • #6,442
Tweet from Worcester News equivalent to Bobby Bridge





Breaking Warriors update: I have been informed that the August payroll (due tomorrow) “at this moment” will not be fulfilled for staff and players. According to the owners, this is due to the accounts being frozen. The overall outcome for the club remains uncertain
 

Gynnsthetonic

Well-Known Member
  • Aug 30, 2022
  • #6,443
Should that be not on the Worcester downward spiral thread
Hopefully Wasp next
 
N

napolimp

Well-Known Member
  • Aug 30, 2022
  • #6,444
If nothing else, I'd have though that Worcester approaching Wasps says a lot about the position that Wasps are in. It would make no sense for Worcester to approach a club with no survival issues, with such a proposal.
 

duffer

Well-Known Member
  • Aug 30, 2022
  • #6,445
It's not going well for them is it. Saying that, I'm impressed with how much public money Wasps seem to be able to screw out of the council/WMCA...

Plans for hotel by CBS Arena stall after funding expires

A deadline has been missed for the hotel by the arena, the West Midlands Combined Authority says.
www.bbc.co.uk
 
D

Deleted member 5849

Guest
  • Aug 30, 2022
  • #6,446
duffer said:
It's not going well for them is it. Saying that, I'm impressed with how much public money Wasps seem to be able to screw out of the council/WMCA...

Plans for hotel by CBS Arena stall after funding expires

A deadline has been missed for the hotel by the arena, the West Midlands Combined Authority says.
www.bbc.co.uk
Click to expand...
Yeah I'd employ their fundraiser in a flash!
 
Reactions: duffer

jordan210

Well-Known Member
  • Aug 30, 2022
  • #6,447
 
Reactions: SkyBlueSam01, djr8369, Moff and 1 other person
C

CCFC54321

Well-Known Member
  • Aug 30, 2022
  • #6,448
jordan210 said:
Click to expand...
It gets better and better…
 

Terry Gibson's perm

Well-Known Member
  • Aug 30, 2022
  • #6,449
duffer said:
It's not going well for them is it. Saying that, I'm impressed with how much public money Wasps seem to be able to screw out of the council/WMCA...

Plans for hotel by CBS Arena stall after funding expires

A deadline has been missed for the hotel by the arena, the West Midlands Combined Authority says.
www.bbc.co.uk
Click to expand...


Didn’t they block another hotel being built in the area so that the London side could build one?
 
Reactions: Sick Boy, RegTheDonk, duffer and 1 other person

tisza

Well-Known Member
  • Aug 30, 2022
  • #6,450
duffer said:
It's not going well for them is it. Saying that, I'm impressed with how much public money Wasps seem to be able to screw out of the council/WMCA...

Plans for hotel by CBS Arena stall after funding expires

A deadline has been missed for the hotel by the arena, the West Midlands Combined Authority says.
www.bbc.co.uk
Click to expand...
Probably difficult to find investors to build a hotel in these COVID times and all the bond furore wouldn't have helped.
 

tisza

Well-Known Member
  • Aug 30, 2022
  • #6,451
Terry Gibson's perm said:
Didn’t they block another hotel being built in the area so that the London side could build one?
Click to expand...
yep on the junk yard. Wanted to have a Marriott and Macdonalds as well. Council said out of the centre and traffic issues.
 
Reactions: duffer and Terry Gibson's perm

Terry Gibson's perm

Well-Known Member
  • Aug 30, 2022
  • #6,452
tisza said:
yep on the junk yard. Wanted to have a Marriott and Macdonalds as well. Council said out of the centre and traffic issues.
Click to expand...


You would think the council would have been happy to improve the area it hardly looks great on the way in scrapyard one side and Rowleys Green club on the other.
 

MusicDating

Euro 2016 Prediction League Champion!!
  • Aug 30, 2022
  • #6,453
tisza said:
yep on the junk yard. Wanted to have a Marriott and Macdonalds as well. Council said out of the centre and traffic issues.
Click to expand...
Junk yard, junk bond...
 
Reactions: duffer and CCFC54321
C

CCFC54321

Well-Known Member
  • Aug 30, 2022
  • #6,454
Cant wait till the bond holders see this on the bond site!!!
 

Gynnsthetonic

Well-Known Member
  • Aug 30, 2022
  • #6,455
CCFC54321 said:
It gets better and better…
Click to expand...
But nothing seems to be bothering them though, they owe money left right and centre, can't afford a pitch but are signing a few players and cracking on with the season ahead
 

Gynnsthetonic

Well-Known Member
  • Aug 30, 2022
  • #6,456
CCFC54321 said:
Cant wait till the bond holders see this on the bond site!!!
Click to expand...
It has nothing to do with the bond though, whatever happens they still owe £35m +other loans
 

Kneeza

Well-Known Member
  • Aug 30, 2022
  • #6,457
I'm no financier, but, wouldn't two fcked up companies getting into bed with each other just result in an even more fcked up company?
Just seems odd to me, but in a world of Brexit, Old Etonians, and 'offshore', I guess nothing is out of the ordinary.
 
Reactions: Moff and duffer
C

CCFC54321

Well-Known Member
  • Aug 30, 2022
  • #6,458
Gynnsthetonic said:
It has nothing to do with the bond though, whatever happens they still owe £35m +other loans
Click to expand...
I agree but more bad news to the bond holders only increases the focus on London wasps financial position.
 
C

CCFC54321

Well-Known Member
  • Aug 30, 2022
  • #6,459
Gynnsthetonic said:
But nothing seems to be bothering them though, they owe money left right and centre, can't afford a pitch but are signing a few players and cracking on with the season ahead
Click to expand...
And that’s why there in the shit…
 
Reactions: Irish Sky Blue

Gynnsthetonic

Well-Known Member
  • Aug 30, 2022
  • #6,460
Kneeza said:
I'm no financier, but, wouldn't two fcked up companies getting into bed with each other just result in an even more fcked up company?
Just seems odd to me, but in a world of Brexit, Old Etonians, and 'offshore', I guess nothing is out of the ordinary.
Click to expand...
Wouldn't they just form a new company and have a golden share whilst their old companies are liquidated
 
O

oldfiver

Well-Known Member
  • Aug 30, 2022
  • #6,461
CCFC54321 said:
Cant wait till the bond holders see this on the bond site!!!
Click to expand...


Some Bondholders ( and Drunken Wasps ) were led to believe this was a WASPS asset

But when the first licence ran out it was reissued to a Richardson associated company instead. Notice it refers to Mr Richardson ... missing out
 

Gynnsthetonic

Well-Known Member
  • Aug 30, 2022
  • #6,462
oldfiver said:
Some Bondholders ( and Drunken Wasps ) were led to believe this was a WASPS asset

But when the first licence ran out it was reissued to a Richardson associated company instead. Notice it refers to Mr Richardson ... missing out
Click to expand...
Hopefully it means he wants out of Coventry full stop rugby club and all
 
O

oldfiver

Well-Known Member
  • Aug 30, 2022
  • #6,463
Gynnsthetonic said:
Hopefully it means he wants out of Coventry full stop rugby club and all
Click to expand...

The fee to the Council on getting planning permission was £2m - so that was unlikely to happen ( unless Maton, Reeves and Co gave them a grant )
 

MalcSB

Well-Known Member
  • Aug 30, 2022
  • #6,464
Kneeza said:
I'm no financier, but, wouldn't two fcked up companies getting into bed with each other just result in an even more fcked up company?
Just seems odd to me, but in a world of Brexit, Old Etonians, and 'offshore', I guess nothing is out of the ordinary.
Click to expand...
Unless the merger was based on Wasps moving to Worcester and the arena etc sold to satisfy the bondholders.
 

Kneeza

Well-Known Member
  • Aug 30, 2022
  • #6,465
MalcSB said:
Unless the merger was based on Wasps moving to Worcester and the arena etc sold to satisfy the bondholders.
Click to expand...
Works for me.
 
Reactions: I_Saw_Shaw_Score

tisza

Well-Known Member
  • Aug 30, 2022
  • #6,466
MalcSB said:
Unless the merger was based on Wasps moving to Worcester and the arena etc sold to satisfy the bondholders.
Click to expand...
kind of ironic in that Worcester weren't happy with Wasps moving into the area in the first place - youth recruitment and poaching supporters
 

Flying Fokker

Well-Known Member
  • Aug 30, 2022
  • #6,467
MalcSB said:
Unless the merger was based on Wasps moving to Worcester and the arena etc sold to satisfy the bondholders.
Click to expand...
Poor old WASPS fans. I don’t think Wycombe fans would move even further. The plastic neutrals who go at the moment certainly wouldn’t. Anyway, what dumbass suggested this?
 

jordan210

Well-Known Member
  • Aug 30, 2022
  • #6,468
 

Gynnsthetonic

Well-Known Member
  • Aug 30, 2022
  • #6,469
jordan210 said:
Click to expand...
They don't comment on commercial matters only when it suits them
 

Grendel

Well-Known Member
  • Aug 30, 2022
  • #6,470
Bobby on the PR fight back

Wasps' recruitment freeze lifted as Blackett hints at recent breakthrough

Gallagher Premiership side Wasps lost the likes of Malakai Fekitoa and Jimmy Gopperth this summer
www.coventrytelegraph.net
 

Gynnsthetonic

Well-Known Member
  • Aug 30, 2022
  • #6,471
Grendel said:
Bobby on the PR fight back

Wasps' recruitment freeze lifted as Blackett hints at recent breakthrough

Gallagher Premiership side Wasps lost the likes of Malakai Fekitoa and Jimmy Gopperth this summer
www.coventrytelegraph.net
Click to expand...
They've gave a new contract to a veteran ex 34 year old worcester player nearing the end of his career so probably now on less money and some trialist who is to be loaned to a championship club
 
Last edited: Aug 30, 2022

chiefdave

Well-Known Member
  • Aug 30, 2022
  • #6,472
Gynnsthetonic said:
They don't comment on commercial matters only when it suits them
Click to expand...
Gilberts next tweet was genius, "Here are some previous statements from Wasps on commercial matters..." and a list of links to the relevant articles
 
Reactions: Bertola, djr8369, vow and 4 others

chiefdave

Well-Known Member
  • Aug 30, 2022
  • #6,473
Grendel said:
Bobby on the PR fight back

Wasps' recruitment freeze lifted as Blackett hints at recent breakthrough

Gallagher Premiership side Wasps lost the likes of Malakai Fekitoa and Jimmy Gopperth this summer
www.coventrytelegraph.net
Click to expand...
new shirts must have arrived
 
Reactions: vow

AOM

Well-Known Member
  • Aug 30, 2022
  • #6,474
chiefdave said:
Gilberts next tweet was genius, "Here are some previous statements from Wasps on commercial matters..." and a list of links to the relevant articles
Click to expand...

I think Simon Gilbert has done pretty well with his investigating and reporting of all the recent CBS/Wasps issues.

Seems to be asking the right questions, and then highlights when those questions are being met with silence
 
Reactions: vow, I_Saw_Shaw_Score, ccfcchris and 2 others

MusicDating

Euro 2016 Prediction League Champion!!
  • Aug 30, 2022
  • #6,475
One of the articles that Gilbert linked to from Dec 2014 has some crackers...

Wasps owner reveals motives for Ricoh Arena takeover

Millionaire Derek Richardson says he is not interested in land around Coventry stadium
www.coventrytelegraph.net

He (Richardson) said: "I’m not a property developer, I’ve never developed anything in my life.
Tbf, that's still true; he failed to develop the land around the Higgs, and car park C...

"I’ve never thought of this as something I might make profit from.
Well that's handy...

"We’ve got the chance to build something great here, making Wasps the best club in Europe, and I’m really looking forwards to standing back and seeing what we’ve got in five or seven years."
Oh...
 
Reactions: Irish Sky Blue, Sick Boy, rexo87 and 13 others
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