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Wasps downward spiral... (5 Viewers)

  • Thread starter CCFC54321
  • Start date Oct 20, 2018
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Terry Gibson's perm

Well-Known Member
  • Aug 2, 2020
  • #1,996
I see Bridge has got his crayons out again and written another one of his fantastic stories asking what Wasps fans think of the Sky Blues not returning.
 

Nick

Administrator
  • Aug 2, 2020
  • #1,997
Terry Gibson's perm said:
I see Bridge has got his crayons out again and written another one of his fantastic stories asking what Wasps fans think of the Sky Blues not returning.
Click to expand...
Has he mentioned their director dabbling with the brothel? Thought not. That would mean actual reporting.
 
Reactions: eastwoodsdustman and Terry Gibson's perm

jordan210

Well-Known Member
  • Aug 9, 2020
  • #1,998
Please baby Jesus

 
Reactions: chiefdave

shepardo01

Well-Known Member
  • Aug 9, 2020
  • #1,999
jordan210 said:
Please baby Jesus

Click to expand...
As much as I'd love it to be Wasps. If their predicament is as bad as people say, can we see them overspending on players??
Anybody else know what type of players the others have and whether they may appear to have overspent?? (@Kneeza )?
 

shepardo01

Well-Known Member
  • Aug 9, 2020
  • #2,000
In thr replies under the tweet none have mentioned Wasps..... sadly....
 

Kneeza

Well-Known Member
  • Aug 9, 2020
  • #2,001
shepardo01 said:
As much as I'd love it to be Wasps. If their predicament is as bad as people say, can we see them overspending on players??
Anybody else know what type of players the others have and whether they may appear to have overspent?? (@Kneeza )?
Click to expand...
Doubt very much that it's them tbh.
 

Kneeza

Well-Known Member
  • Aug 9, 2020
  • #2,002
Any one of the top three, or Bath
Bath have form.
 

MusicDating

Euro 2016 Prediction League Champion!!
  • Aug 10, 2020
  • #2,003
Interesting quotes from the Exeter chairman about the downside of having auxiliary businesses around the club - Exeter's Rowe warns of financial issues

Rowe says that while the conferencing business and central revenues from rugby - such as television rights and Rugby Football Union funding - help pay the bills, the club's biggest source of revenue is still matchday income.

"Everybody has held up Exeter as the ideal business and a profitable club because we have Sandy Park conference and banqueting that pays the day-to-day bills and then we have all these bums on seats for matchdays," added Rowe, whose leadership helped guide the club to the top flight in 2010.

"However, for the last five months that's been a millstone around our necks. At the moment we can't earn any revenue, yet our outgoings remain the same.

"What was to a degree our 'golden goose' in having Sandy Park pay the bills and the overheads, whilst the matchdays were the big earners, both of those income streams have currently gone."
 

fernandopartridge

Well-Known Member
  • Aug 10, 2020
  • #2,004
MusicDating said:
Interesting quotes from the Exeter chairman about the downside of having auxiliary businesses around the club - Exeter's Rowe warns of financial issues

Rowe says that while the conferencing business and central revenues from rugby - such as television rights and Rugby Football Union funding - help pay the bills, the club's biggest source of revenue is still matchday income.

"Everybody has held up Exeter as the ideal business and a profitable club because we have Sandy Park conference and banqueting that pays the day-to-day bills and then we have all these bums on seats for matchdays," added Rowe, whose leadership helped guide the club to the top flight in 2010.

"However, for the last five months that's been a millstone around our necks. At the moment we can't earn any revenue, yet our outgoings remain the same.

"What was to a degree our 'golden goose' in having Sandy Park pay the bills and the overheads, whilst the matchdays were the big earners, both of those income streams have currently gone."
Click to expand...

They just need to contact Exeter Council for an inflated grant
 
Reactions: Moff, covcity4life, Sky Blue Harry H and 7 others

tisza

Well-Known Member
  • Aug 11, 2020
  • #2,005
MusicDating said:
Interesting quotes from the Exeter chairman about the downside of having auxiliary businesses around the club - Exeter's Rowe warns of financial issues

Rowe says that while the conferencing business and central revenues from rugby - such as television rights and Rugby Football Union funding - help pay the bills, the club's biggest source of revenue is still matchday income.

"Everybody has held up Exeter as the ideal business and a profitable club because we have Sandy Park conference and banqueting that pays the day-to-day bills and then we have all these bums on seats for matchdays," added Rowe, whose leadership helped guide the club to the top flight in 2010.

"However, for the last five months that's been a millstone around our necks. At the moment we can't earn any revenue, yet our outgoings remain the same.

"What was to a degree our 'golden goose' in having Sandy Park pay the bills and the overheads, whilst the matchdays were the big earners, both of those income streams have currently gone."
Click to expand...
they were the only top flight club showing a profit before the COVID. This imposed salary reduction merely limits the damage for now but if clubs survive they're facing a reduced new TV contract ( minus the bit they sold CVC) according to some sources. Whereas PL rugby seem to think they can insist on a dedicated channel and improved TV monies in their next deal.
 

Skyblueweeman

Well-Known Member
  • Aug 11, 2020
  • #2,006
MusicDating said:
Interesting quotes from the Exeter chairman about the downside of having auxiliary businesses around the club - Exeter's Rowe warns of financial issues

Rowe says that while the conferencing business and central revenues from rugby - such as television rights and Rugby Football Union funding - help pay the bills, the club's biggest source of revenue is still matchday income.

"Everybody has held up Exeter as the ideal business and a profitable club because we have Sandy Park conference and banqueting that pays the day-to-day bills and then we have all these bums on seats for matchdays," added Rowe, whose leadership helped guide the club to the top flight in 2010.

"However, for the last five months that's been a millstone around our necks. At the moment we can't earn any revenue, yet our outgoings remain the same.

"What was to a degree our 'golden goose' in having Sandy Park pay the bills and the overheads, whilst the matchdays were the big earners, both of those income streams have currently gone."
Click to expand...

The interesting bit about this is the conference business side of things. Has anyone been to Sandy Park? I had a meeting there a few years back....a lovely little stadium, accessible, good parking etc. However, comparing their conference facilities to that of the Ricoh is like comparing Northwich Victoria FCs playing squad with Man City FCs playing squad.

It really does make me wonder how Wasps are apparently seriously in the sh!t with finances. Maybe they are the ones paying over the odds on salaries. I don't know exact figures but I would imagine revenues generated from events at the Ricoh are likely 10 fold of what they are at Sandy Park. Yes, costs will therefore be higher but something doesn't add it.

That was a very telling comment from the Exeter guy.
 

Nick

Administrator
  • Aug 11, 2020
  • #2,007
The issue is the debt, with all that debt surrounding the Ricoh they will always have weights around them while trying to swim.
 

Sky Blue Harry H

Well-Known Member
  • Aug 11, 2020
  • #2,008
Wasps forum thinking £££s will roll in from 1st October when events (business, not concerts etc) can start. Trouble is, businesses will be cutting back expenditure in this area due to financial impact of Cov-id. Think they are likely in for an elongated shock.
 
D

Deleted member 5849

Guest
  • Aug 11, 2020
  • #2,009
Sky Blue Harry H said:
Wasps forum thinking £££s will roll in from 1st October when events (business, not concerts etc) can start. Trouble is, businesses will be cutting back expenditure in this area due to financial impact of Cov-id. Think they are likely in for an elongated shock.
Click to expand...
Won't happen. Even if it's allowed and companies have the cash, they'll be cautious so not do it and / or want a cheap deal. It'lll also cost vastly more to set up the space.

Plus I suspect we might see further lockdowns etc. come the autumn / winter. You'd certainly be unwise to budget expecting it all to happen...
 
Reactions: duffer, win9nut and Skyblueweeman

jordan210

Well-Known Member
  • Aug 11, 2020
  • #2,010
Sky Blue Harry H said:
Wasps forum thinking £££s will roll in from 1st October when events (business, not concerts etc) can start. Trouble is, businesses will be cutting back expenditure in this area due to financial impact of Cov-id. Think they are likely in for an elongated shock.
Click to expand...

I was talking to my neighbour who works in events management. Said most places have written off this year. Even if events can open in October. number of visitors will be vastly reduced so exhibitors will not be happy to pay full ££ for greatly reduced crowds.

We have an event we are suppose to exhibit at the nec that has been pushed back multiple times already and as a team we are not sure how beneficial its going to be.

Does the Ricoh even have many events booked in for 2020. I cant see many if anyone booking to host an event for this year
 

Frostie

Well-Known Member
  • Aug 11, 2020
  • #2,011
I'm sure CCC will just invent another reason to chuck more millions their way when needed.
 

Kneeza

Well-Known Member
  • Aug 11, 2020
  • #2,012
Ex were preparing that model 15 or more years ago when they were still being beaten by the likes of Cov.
They sold the County Ground and bought cheap land virtually overhanging a motorway, and had SW Comms pumping in cash (still do).
It's still a fairly poor ground with mostly temporary accomodation except for the main building, and the lavish plans for expansion just keep going back.
The advantage they have (had, pre-Covid), events-wise, is the lack of competition in Devon. A few small hotel conference rooms at best. Up here, the Ricoh is up against it.
They'll come out of it OK, but it'll be a while before they turn a profit again.
 

Skyblueweeman

Well-Known Member
  • Aug 11, 2020
  • #2,013
Kneeza said:
Ex were preparing that model 15 or more years ago when they were still being beaten by the likes of Cov.
They sold the County Ground and bought cheap land virtually overhanging a motorway, and had SW Comms pumping in cash (still do).
It's still a fairly poor ground with mostly temporary accomodation except for the main building, and the lavish plans for expansion just keep going back.
The advantage they have (had, pre-Covid), events-wise, is the lack of competition in Devon. A few small hotel conference rooms at best. Up here, the Ricoh is up against it.
They'll come out of it OK, but it'll be a while before they turn a profit again.
Click to expand...

About the location thing though...how many big companies go down to Devon to host their annual conference? The issue with the Ricoh is that you have a lot of competition for event hosting in the Midlands.
 

jordan210

Well-Known Member
  • Aug 11, 2020
  • #2,014
Skyblueweeman said:
About the location thing though...how many big companies go down to Devon to host their annual conference? The issue with the Ricoh is that you have a lot of competition for event hosting in the Midlands.
Click to expand...

The Ricoh mops up the smaller events that cant afford the NEC but it has to complete with places like Stoneleigh Park who have multiple halls
 
Reactions: Skyblueweeman

fernandopartridge

Well-Known Member
  • Aug 11, 2020
  • #2,015
Skyblueweeman said:
About the location thing though...how many big companies go down to Devon to host their annual conference? The issue with the Ricoh is that you have a lot of competition for event hosting in the Midlands.
Click to expand...

Even if Coventry, if you're putting on an event why would you use the Ricoh when you've got the University of Warwick's excellent facility in the city?
 

Sky Blue Harry H

Well-Known Member
  • Aug 11, 2020
  • #2,016
Deleted member 5849 said:
It'lll also cost vastly more to set up the space.
Click to expand...
Good point NW - hadn't even thought about that. The additional costs for making a space 'safe/compliant' will make such events even less attractive to a business/organisation. Much as I want Wasps to implode, it is sad for these businesses, event venues (like NEC etc) that they are being so badly hit. Very early on in the Cov-id outbreak, I helped out a lady over a parking fine issue in Stratford. Turns out she worked for the RSC and asked for my contact details so she could let me have some free tickets when they were open (may be a long time coming!)
 

win9nut

Well-Known Member
  • Aug 11, 2020
  • #2,017
Deleted member 5849 said:
Won't happen. Even if it's allowed and companies have the cash, they'll be cautious so not do it and / or want a cheap deal. It'lll also cost vastly more to set up the space.

Plus I suspect we might see further lockdowns etc. come the autumn / winter. You'd certainly be unwise to budget expecting it all to happen...
Click to expand...
Our company is redecorating the offices and moving teams to a new premises and we are still being told not to go back to offices for work until January at the earliest.

If we need to go to the office, we have to let all the site security and facilities teams know well in advance.

No team-building events, offsite meetings or conferences as there usually would be.

WFH til January...
 

Sky Blue Harry H

Well-Known Member
  • Aug 11, 2020
  • #2,018
win9nut said:
Our company is redecorating the offices and moving teams to a new premises and we are still being told not to go back to offices for work until January at the earliest.

If we need to go to the office, we have to let all the site security and facilities teams know well in advance.

No team-building events, offsite meetings or conferences as there usually would be.

WFH til January...
Click to expand...

What line of work is this win9nut? if you don't mind me asking (i'm assuming a lot of employees can work from home?)
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Aug 11, 2020
  • #2,019
win9nut said:
Our company is redecorating the offices and moving teams to a new premises and we are still being told not to go back to offices for work until January at the earliest.

If we need to go to the office, we have to let all the site security and facilities teams know well in advance.

No team-building events, offsite meetings or conferences as there usually would be.

WFH til January...
Click to expand...
Mines the same. There’s no rush to move Us back to the office whilst systems are holding up from home
 
Reactions: win9nut
H

HuckerbyDublinWhelan

Well-Known Member
  • Aug 11, 2020
  • #2,020
HuckerbyDublinWhelan said:
Mines the same. There’s no rush to move Us back to the office whilst systems are holding up from home
Click to expand...
In fact meeting wise we’re utilising WebEx and Zoom more. Is imagine most companies will for conferences and meetings
 
D

Deleted member 5849

Guest
  • Aug 11, 2020
  • #2,021
Sky Blue Harry H said:
Turns out she worked for the RSC and asked for my contact details so she could let me have some free tickets when they were open (may be a long time coming!)
Click to expand...

Don't take them for this!

Marat/Sade prompts audience walkouts at RSC

Scenes of 'filth and depravity' in Anthony Neilson's revival of notorious 60s play provoke mass exits
www.theguardian.com
 
Reactions: Sky Blue Harry H

tisza

Well-Known Member
  • Aug 11, 2020
  • #2,022
Sky Blue Harry H said:
Wasps forum thinking £££s will roll in from 1st October when events (business, not concerts etc) can start. Trouble is, businesses will be cutting back expenditure in this area due to financial impact of Cov-id. Think they are likely in for an elongated shock.
Click to expand...
weren't rolling in before so pretty optimistic of them.
 
C

CCFC88

Well-Known Member
  • Aug 11, 2020
  • #2,023
Be interresting to see the take up in tickets paid/free when they are allowed back in.

Football fans usually more passionate and expect most chomping at the bit to get back in a stadium. I’d imagine someone who has free tickets and takes the kids as something to do or a couple of mates that use free tickets so they can have a beer in their seats won’t be as keen.

Cant see as many of their actual fans travelling up from London either, not to start with anyway.

Will be record low season ticket sales
 

win9nut

Well-Known Member
  • Aug 11, 2020
  • #2,024
Sky Blue Harry H said:
What line of work is this win9nut? if you don't mind me asking (i'm assuming a lot of employees can work from home?)
Click to expand...
I currently work for a very large Car Salvage company.

The yards are all open and trading, but all office staff currently are WFH.

I'm moving companies at the end of the month and they are pretty much in the same boat - WFH until further notice - That's a blue chip retail business
 
Reactions: Sky Blue Harry H

win9nut

Well-Known Member
  • Aug 11, 2020
  • #2,025
HuckerbyDublinWhelan said:
In fact meeting wise we’re utilising WebEx and Zoom more. Is imagine most companies will for conferences and meetings
Click to expand...
Zoom, Skype and Teams, Webex etc have proved invaluable for most businesses I reckon.
 

fernandopartridge

Well-Known Member
  • Aug 11, 2020
  • #2,026
I've just had a look on the Wasps forum, some utterly deluded arseholes on there. Matt82 being number 1 currently.
 

Grendel

Well-Known Member
  • Aug 11, 2020
  • #2,027
fernandopartridge said:
I've just had a look on the Wasps forum, some utterly deluded arseholes on there. Matt82 being number 1 currently.
Click to expand...

He and Shuggs are morons
 
Reactions: lordsummerisle

Skyblueweeman

Well-Known Member
  • Aug 11, 2020
  • #2,028
fernandopartridge said:
Even if Coventry, if you're putting on an event why would you use the Ricoh when you've got the University of Warwick's excellent facility in the city?
Click to expand...

Not being local, I can't say that I'm aware of it FP. Does the UoW facility have accommodation attached? If not, there's one reason.

There could be many reasons though...the hotel at the Ricoh is managed by Hilton on Franchised basis. Hilton's sales engine and reach is for greater than many of the other local 'rivals' when it comes to facility promotion etc.
 

Skyblueweeman

Well-Known Member
  • Aug 11, 2020
  • #2,029
HuckerbyDublinWhelan said:
In fact meeting wise we’re utilising WebEx and Zoom more. Is imagine most companies will for conferences and meetings
Click to expand...

To an extent, yes. Internal team meetings for example are more and more common on things like WebEx and Zoom, two platforms I've ran training programmes on.

There will still be an apetitie for face to face meetings, conferences and events though. Yes, Covid-19 has made companies look at the ways they work but many will still hold large scale events.

The timescales of when these come back though is the key point. I do know that some events agencies are picking up on enquiry levels so the appetite is still there.

I have a mate who works for West Sussex CC and he's high up on the finance side of things. He thinks that they'll cash in on a lot of office space in W.Sussex as the last few months has proven how effective home working can be. They'll then just have reduced premise space with a greater number of hot desks. Zoom or Webex would be more useful for their smaller departmental meetings though.
 

fernandopartridge

Well-Known Member
  • Aug 11, 2020
  • #2,030
Skyblueweeman said:
Not being local, I can't say that I'm aware of it FP. Does the UoW facility have accommodation attached? If not, there's one reason.

There could be many reasons though...the hotel at the Ricoh is managed by Hilton on Franchised basis. Hilton's sales engine and reach is for greater than many of the other local 'rivals' when it comes to facility promotion etc.
Click to expand...
Yes, it has accommodation, I've stayed there a few times. It's impressive, excellent dining etc.
 
Reactions: shmmeee and Skyblueweeman
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