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Wasps downward spiral... (5 Viewers)

  • Thread starter CCFC54321
  • Start date Oct 20, 2018
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steveo1987

Well-Known Member
  • Jul 8, 2020
  • #1,891
jordan210 said:
Dint they accuse him/her of being a Cov fan.
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Yes they did.The post was well put together and they immediately come up with CCFC fan !! Heads well and truly in sand, of course they only need £50m , walk in the park.
 

Liquid Gold

Well-Known Member
  • Jul 8, 2020
  • #1,892
steveo1987 said:
Yes they did.The post was well put together and they immediately come up with CCFC fan !! Heads well and truly in sand, of course they only need £50m , walk in the park.
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That made me laugh, the guy was talking about the RFU forgiving them relegation for going bust then says everything will probably be fine, just need £50m.

Bye bye Wasps.
 

Nick

Administrator
  • Jul 8, 2020
  • #1,893
steveo1987 said:
Yes they did.The post was well put together and they immediately come up with CCFC fan !! Heads well and truly in sand, of course they only need £50m , walk in the park.
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That's the thing, everything is sisus fault or Les Reid making it up. When it was said all of their players were leaving, just nasty sisu rumours. Then they left.

When it was said they fiddled the books, just rumours by Les Reid.
 
Reactions: duffer

Kneeza

Well-Known Member
  • Jul 8, 2020
  • #1,894
pipkin73 said:
Gallagher Premiership and PRO14 are both due to restart middle/end of August so i would guess if no problems then the championship will restart in September. New playing rules for certain things when they were all in close contact (maybe scrums) but i don't follow the game so pass on the exact new rules. The PRO 14 wants to finish this season but as they have teams all over europe they have decided to change the fixtures and teams from each country will play each other more and not travel abroad. Could mean that next season has real problems for them if Cov19 kicks off again as teams won't be able to travel abroad. Gallagher Premiership should be ok as all teams in England, so apart from local lockdowns (like Leicester have now) they should be fine if teams survive that long with no crowds (or very low crowds) and maybe no European competitions. I'm talking about the leagues surviving not about individual teams. To be honest, i think a good few rugby teams could go and reform lower down the leagues a bit like in Speedway.
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Seriously not a cat in hell's chance of the Champ starting in September.
 

AOM

Well-Known Member
  • Jul 8, 2020
  • #1,895
Live from Wasps HQ:
 
Reactions: covcity4life

Kneeza

Well-Known Member
  • Jul 8, 2020
  • #1,896
jordan210 said:
Update on bond for the day lost 6% today down to just under 44p
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And... down another 2.23 today to £41.
Freefall? Looking like it at the moment.
 

jordan210

Well-Known Member
  • Jul 8, 2020
  • #1,897
Its all right lads other clubs are worse of and this has made the team better

Have you seen what’s been going on at other clubs? I think there are others worse off. In fact I think this has pulled the squad closer together and will show on the pitch come August 15th.
Click to expand...
 

Kneeza

Well-Known Member
  • Jul 8, 2020
  • #1,898
jordan210 said:
Its all right lads other clubs are worse of and this has made the team better
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Straws. And clutching.
Ports in storms.
Yeah, right lads.
 
Reactions: duffer

ccfcchris

Well-Known Member
  • Jul 8, 2020
  • #1,899
Kneeza said:
Continuing its stellar trajectory today.
Down to 43.23.
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If things are as bad as we hope for Wasps, wouldn't it be in Richardson's interest to buy the bonds back at this low price?
 

chiefdave

Well-Known Member
  • Jul 8, 2020
  • #1,900
ccfcchris said:
If things are as bad as we hope for Wasps, wouldn't it be in Richardson's interest to buy the bonds back at this low price?
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Has he got the cash to do that?
 
C

CCFC54321

Well-Known Member
  • Jul 9, 2020
  • #1,901
chiefdave said:
Has he got the cash to do that?
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Part of the bonds £35m was to pay him back what he was owed. Since then he has steadily pumped more money back in but what I’m being told is he isn’t THAT rich to keep on doing this. He must be more stupid than we think if he continues to plough more money into a busted flush. Over the next 12 months I’ve s feeling he will either put it up for sale or call it a day and accept he has made a loss. You can’t go on for ever losing vast amounts of money like that business has along with trying everything to get a crowd and successful team when it’s clear to even the most rose tinted supporter of that club that it simply didn’t work after five years in Coventry.

There is absolutely no doubt they will go under soon. Question is how long?

PS- I feel for the people who work their who could be out of a job.
 
Reactions: duffer

ccfcchris

Well-Known Member
  • Jul 9, 2020
  • #1,902
chiefdave said:
Has he got the cash to do that?
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I've no idea chiefdave. I keep hoping this is the endgame for them.
 

Grendel

Well-Known Member
  • Jul 9, 2020
  • #1,903
ccfcchris said:
I've no idea chiefdave. I keep hoping this is the endgame for them.
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Richardson will be able to raise enough cash for building projects he won’t let the holding company go down. It’s his loyalty to funding wasps that will be tested
 
Reactions: Kneeza

Philosoraptor

Well-Known Member
  • Jul 9, 2020
  • #1,904
Grendel said:
Richardson will be able to raise enough cash for building projects he won’t let the holding company go down. It’s his loyalty to funding wasps that will be tested
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It makes you wonder why the proposed hotel in car park 'C' is not in the rugby clubs business groups name.
 
Reactions: Kneeza

Grendel

Well-Known Member
  • Jul 9, 2020
  • #1,905
Philosorapter said:
It makes you wonder why the proposed hotel in car park 'C' is not in the rugby clubs business groups name.
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Indeed
 
C

CCFC54321

Well-Known Member
  • Jul 9, 2020
  • #1,906
Philosorapter said:
It makes you wonder why the proposed hotel in car park 'C' is not in the rugby clubs business groups name.
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How is the hotel and training ground getting on? Has Cov-19 got the blame for those projects as well?
 

Terry Gibson's perm

Well-Known Member
  • Jul 9, 2020
  • #1,907
CCFC54321 said:
How is the hotel and training ground getting on? Has Cov-19 got the blame for those projects as well?
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Probably still waiting for somebody else to foot the bill for them, I guess the council will help out their vanity project
 
C

CCFC54321

Well-Known Member
  • Jul 9, 2020
  • #1,908
Ladies and gentlemen welcome to the new Duggins Hotel & Training Ground funded by the residents of the city of Coventry!
 
Reactions: ccfcchris and Terry Gibson's perm

Terry Gibson's perm

Well-Known Member
  • Jul 9, 2020
  • #1,909
CCFC54321 said:
Ladies and gentlemen welcome to the new Duggins Hotel & Training Ground funded by the residents of the city of Coventry!
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Maybe they should ask the residents of Henley in Arden to help fund the training ground as they seem to have a good working relationship with them
 
Reactions: ccfcchris, Kneeza and CCFC54321
B

Brighton Sky Blue

Well-Known Member
  • Jul 10, 2020
  • #1,910
Terry Gibson's perm said:
Probably still waiting for somebody else to foot the bill for them, I guess the council will help out their vanity project
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They really are that one dude who never buys a round but always gets a drink
 
Reactions: Kneeza, TomRad85 and Terry Gibson's perm

Nick

Administrator
  • Jul 10, 2020
  • #1,911
Brighton Sky Blue said:
They really are that one dude who never buys a round but always gets a drink
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Always has to be picky as well, can't just have a pint they have to have double JD and coke or something. Then they vanish when it gets to their round.
 
Reactions: duffer and Terry Gibson's perm
B

Brighton Sky Blue

Well-Known Member
  • Jul 10, 2020
  • #1,912
Nick said:
Always has to be picky as well, can't just have a pint they have to have double JD and coke or something. Then they vanish when it gets to their round.
Click to expand...

It’s fine the council and CCFC have covered their rounds for years-definitely bringing their wallet next time though.
 

Kneeza

Well-Known Member
  • Jul 10, 2020
  • #1,913
Boom. The bond keeps falling. 2.77% today. Now below forty quid.
Shame.
 

fernandopartridge

Well-Known Member
  • Jul 10, 2020
  • #1,914
Kneeza said:
Boom. The bond keeps falling. 2.77% today. Now below forty quid.
Shame.
Click to expand...
I'm not sure that really matters that much, it works for Richardson if he just wants to buy the bonds up
 

Kneeza

Well-Known Member
  • Jul 10, 2020
  • #1,915
fernandopartridge said:
I'm not sure that really matters that much, it works for Richardson if he just wants to buy the bonds up
Click to expand...
No, agreed, but as a barometer of the club's health...
 

jordan210

Well-Known Member
  • Jul 10, 2020
  • #1,916
fernandopartridge said:
I'm not sure that really matters that much, it works for Richardson if he just wants to buy the bonds up
Click to expand...

Or maybe SISU have been buying them up.......


In other news rugby is meant to be starting again middle of august apparently.
 

Covstu

Well-Known Member
  • Jul 10, 2020
  • #1,917
fernandopartridge said:
I'm not sure that really matters that much, it works for Richardson if he just wants to buy the bonds up
Click to expand...
Everyone buy a share and don’t sell them to him if they really need it
 
Reactions: Kneeza

Kneeza

Well-Known Member
  • Jul 10, 2020
  • #1,918
jordan210 said:
Or maybe SISU have been buying them up.......


In other news rugby is meant to be starting again middle of august apparently.
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Only top level.
 

jordan210

Well-Known Member
  • Jul 10, 2020
  • #1,919
Kneeza said:
Only top level.
Click to expand...

With players and staff having to be put back on the payroll and the costs around the stadium. Isn't going to pretty for a few clubs before you add on testing costs on top
 

Kneeza

Well-Known Member
  • Jul 10, 2020
  • #1,920
It's purely as a sop to the tv companies. They want their pound of flesh.
Everything from the champ down has no chance of starting for some time yet (word is Dec earliest). No tv income. No crowds. No hospitality. Testing costs. Bust clubs.
 
C

CCFC54321

Well-Known Member
  • Jul 10, 2020
  • #1,921
God forbid there’s a second Cov-19 wave then that’s w***s Definitely finished for good. Not saying other clubs will survive but I’d rather these bastards go under through their own incompetence.
 
C

CCFC88

Well-Known Member
  • Jul 10, 2020
  • #1,922
Kneeza said:
It's purely as a sop to the tv companies. They want their pound of flesh.
Everything from the champ down has no chance of starting for some time yet (word is Dec earliest). No tv income. No crowds. No hospitality. Testing costs. Bust clubs.
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Saracens can’t be happy about that...
 

ccfcchris

Well-Known Member
  • Jul 11, 2020
  • #1,923
Would be funny to start a GoFundMe page and start buying up all the bonds.
 
O

oldfiver

Well-Known Member
  • Jul 11, 2020
  • #1,924
ccfcchris said:
Would be funny to start a GoFundMe page and start buying up all the bonds.
Click to expand...

And what would you do with them if WASPS fold or cannot repay?
 

Covstu

Well-Known Member
  • Jul 11, 2020
  • #1,925
oldfiver said:
And what would you do with them if WASPS fold or cannot repay?
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Small price to pay for that news!
 
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