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Wasps downward spiral... (3 Viewers)

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

Well-Known Member
  • Nov 29, 2021
  • #2,941
chiefdave said:
They used the lease for bond security didn't they? Presumably if they can do that they can do what they want with it.
Click to expand...
Others have said it reverts back to the council and can't be sold on. We'd be back in the previous situation though as Sisu wouldn't buy from CCC claiming it worthless.
 

Peter Billing

Well-Known Member
  • Nov 29, 2021
  • #2,942
Gynnsthetonic said:
Others have said it reverts back to the council and can't be sold on. We'd be back in the previous situation though as Sisu wouldn't buy from CCC claiming it worthless.
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Not exactly the same situation, all the loans etc the Council had in ACL, the £14m or so debt that was a big sticking point, have been paid back by Wasps, it would be a clean slate in that sense. Council surely won't want to get back into running ACL, and no 'out of town' owner is going to try what Wasps did having seen them fail.
 

Evo1883

Well-Known Member
  • Nov 29, 2021
  • #2,943
A very disliked rugby club locally , please hurry up and go ..

About the only decent wasps fan page
 
Reactions: I_Saw_Shaw_Score, Peter Billing Eyes, Earlsdon_Skyblue1 and 3 others

Moff

Well-Known Member
  • Nov 29, 2021
  • #2,944
Have predicted this for a long time, and the basket case that their finances will become.

Personally I don't wish them go bust, as they have fans that have suffered like we did being moved out of our traditional home, but the simple solution is they move back to a suitable location in the London area, and piss off back there soon.

Everything they have done to CCFC will linger for a long time, and their will be an ill feeling connected to them that will last long in peoples memories.

Aside from that moving to an area where there are three embedded clubs with generally loyal and steadfast followings (Coventry, Saints and Tigers) just to get your hands on a stadium that you cant even fill a tiny proportion of, is embarrassing and a financial disaster, which they have brought on themselves.
 
Reactions: Sick Boy, duffer, Hiraeth and 2 others

Liquid Gold

Well-Known Member
  • Nov 29, 2021
  • #2,945
"Even the most historic Premiership clubs with multiple generations of supporters on Wasps’ doorstep would struggle to get anywhere near filling the Arena - let alone a club that arrived in this region a little under seven years ago."

Why buy it then you stupid pricks
 
Reactions: CovBrummie94, Brighton Sky Blue, CBS16 and 6 others

Liquid Gold

Well-Known Member
  • Nov 29, 2021
  • #2,946
Need more flags

 
Reactions: I_Saw_Shaw_Score and pusbccfc

Evo1883

Well-Known Member
  • Nov 29, 2021
  • #2,947
Liquid Gold said:
Need more flags

Click to expand...
CCFCs Fault

 

Evo1883

Well-Known Member
  • Nov 29, 2021
  • #2,948
What we reckon 3 maybe 4 more years and they're gone ? When the fans start speaking out it's a slippery slope

They can't kick us out again as it's economic and local suicide so what's the answer for them ?
 

Evo1883

Well-Known Member
  • Nov 29, 2021
  • #2,949
Little dig from a Leicester tigers fans
 
Reactions: Sick Boy, I_Saw_Shaw_Score, Peter Billing Eyes and 1 other person

eastwoodsdustman

Well-Known Member
  • Nov 29, 2021
  • #2,950
shepardo01 said:

Bet the trust are gutted.
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I'm not so sure. The Friday kick off meant that Moz could get to watch the City in Bournemouth on Saturday as well
 
Reactions: I_Saw_Shaw_Score, shepardo01 and Evo1883

Liquid Gold

Well-Known Member
  • Nov 29, 2021
  • #2,951
They either get ahead of it by trying to shift the arena on and get themselves out of debt with a fresh start, either back in London at somewhere like Fulham or a new QPR stadium or at the Alex stadium in Brum, or they refinance, limp on for a few years and run our of their owner's money.
 

Grendel

Well-Known Member
  • Nov 29, 2021
  • #2,952
Gynnsthetonic said:
Are they allowed to sell the lease to another sports club or would it revert back to the council in the event they wanted to move?
Click to expand...

The leaseholder is not the Rugby Club. They will not be selling that to anyone
 

Gynnsthetonic

Well-Known Member
  • Nov 29, 2021
  • #2,953
Grendel said:
The leaseholder is not the Rugby Club. They will not be selling that to anyone
Click to expand...
So basically Derek Richardson owns the stadium lease
 

Tommo1993

Well-Known Member
  • Nov 29, 2021
  • #2,954
Evo1883 said:
CCFCs Fault

Click to expand...

“CCFC killing us” . No. Just another component towards their life support.
 

Grendel

Well-Known Member
  • Nov 29, 2021
  • #2,955
Gynnsthetonic said:
So basically Derek Richardson owns the stadium lease
Click to expand...

MGI Fiduciary in Malta but yes in reality he does. He will I suspect have zero interest in selling it
 

Moff

Well-Known Member
  • Nov 29, 2021
  • #2,956
[
Grendel said:
MGI Fiduciary in Malta but yes in reality he does. He will I suspect have zero interest in selling it
Click to expand...

So when. not if, the Wasps business model here goes completely wrong and they are doomed, are you saying the buffoons at the Council could have a stadium lease not with the top class Rugby team or whatever shite they thought Wasps were, and could find the stadium in the hands of a one man hedge fund show.
 

Gynnsthetonic

Well-Known Member
  • Nov 29, 2021
  • #2,957
Grendel said:
MGI Fiduciary in Malta but yes in reality he does. He will I suspect have zero interest in selling it
Click to expand...
Bizarre arrangement, Wasp could move back south with him trying to finance his rugby club at another stadium there whilst owning ours and pulling the strings here
 

Grendel

Well-Known Member
  • Nov 29, 2021
  • #2,958
Moff said:
[


So when. not if, the Wasps business model here goes completely wrong and they are doomed, are you saying the buffoons at the Council could have a stadium lease not with the top class Rugby team or whatever shite they thought Wasps were, and could find the stadium in the hands of a one man hedge fund show.
Click to expand...

Well a property developer who can fund losses of the rugby club against a bloated lease definitely - if ccfc get promoted it will get interesting for sure
 

Moff

Well-Known Member
  • Nov 29, 2021
  • #2,959
Grendel said:
Well a property developer who can fund losses of the rugby club against a bloated lease definitely - if ccfc get promoted it will get interesting for sure
Click to expand...

Its madness, but then as the Council were involved, I'm hardly surprised!
 
Reactions: duffer
H

HuckerbyDublinWhelan

Well-Known Member
  • Nov 29, 2021
  • #2,960
Grendel said:
Well a property developer who can fund losses of the rugby club against a bloated lease definitely - if ccfc get promoted it will get interesting for sure
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Long term is there a chance that Richardson fucks off Wasps and invests in SISU? From the snippets I heard (may have misunderstood) - him and Seppala could get on
 

pusbccfc

Well-Known Member
  • Nov 29, 2021
  • #2,961
A comment from Welsh Wasps on DrunkenWasps:

"Why are some (not all) Sky Blues fans still so wound up about Wasps having bought the stadium? Seems a great opportunity to have a rugby club as well as football club based in Coventry. Not as daft as Leicester having two separate grounds. Saves Coventry having to pay to rent a ground in Birmingham.
I have fond memories of living in Coventry and going to support them when they played Bayern Munich in the late 1960s. But that was when they were in Division One."


They just don't get it do they? Saves Coventry having to rent in Birmingham ?
 
Reactions: CBS16

Liquid Gold

Well-Known Member
  • Nov 29, 2021
  • #2,962
We also already have a perfectly good rugby club
 
Reactions: Moff, Sick Boy, duffer and 6 others

Sky Blue Harry H

Well-Known Member
  • Nov 29, 2021
  • #2,963
Kneeza said:
Considered that, but someone on the internet told me they were fine.
Click to expand...

Post a picture on here and let the forum decide.
 

Sky Blue Harry H

Well-Known Member
  • Nov 29, 2021
  • #2,964
shepardo01 said:

Bet the trust are gutted.
Click to expand...

5,042 attendance - oh dear! (that will include ST holders)
 
O

OffenhamSkyBlue

Well-Known Member
  • Nov 30, 2021
  • #2,965
Gynnsthetonic said:
Are they allowed to sell the lease to another sports club or would it revert back to the council in the event they wanted to move?
Click to expand...
I'm sure Leicester Tigers reserves (the Extras) would get bigger attendances if they moved in - you pretty much have to have a season ticket at Welford Road to get in, so the casual "walk-up" fans would love a 20 mile drive to watch some decent rugby!
 

Kneeza

Well-Known Member
  • Nov 30, 2021
  • #2,966
OffenhamSkyBlue said:
I'm sure Leicester Tigers reserves (the Extras) would get bigger attendances if they moved in - you pretty much have to have a season ticket at Welford Road to get in, so the casual "walk-up" fans would love a 20 mile drive to watch some decent rugby!
Click to expand...
You're probably right about their 'Seconds' attendance. The do get good crowds.
However, Prem game attendances are well down. They're averaging 18344 so far, in a 25850 capacity stadium.
I'm sure that'll improve as long as results keep going their way, but the days of no-walk-ups are over.
 

Sky Blue Pete

Well-Known Member
  • Nov 30, 2021
  • #2,967
jordan210 said:
Click to expand...
Strange to blame us for having a bit of success
 

Sky Blue Pete

Well-Known Member
  • Nov 30, 2021
  • #2,968
Evo1883 said:
A very disliked rugby club locally , please hurry up and go ..

About the only decent wasps fan page View attachment 22906
Click to expand...
Think they’ve helped get us back to be fair to them
 

Nick

Administrator
  • Nov 30, 2021
  • #2,969
I think it is the delusion of it all.

The Telegraph have always pushed Wasps and I assume when their PR budget dried up then the Telegraph lost interest and let BB go out and work for all the other clubs locally too.

It is obvious that not many people around here gave a shit, people only went if they got freebies. The promotions for CCFC was horrible news for Wasps as regardless of what they have said, they are competitors for bums on seats.

It was made difficult to constantly push negativity on the football club when we won the league to get promotion and their attendances were drying up.

The football club got fucked over but Wasps and CCC tried to make out it was big bag SISU they were fucking over. Now there's a football club doing well in the Championship, they can't compete for fans.
 
Reactions: Moff, Sick Boy, Skybluemichael and 1 other person

Warthog

Well-Known Member
  • Nov 30, 2021
  • #2,970
Well they are guaranteed a bonus point win against Munster to open their European Cup campaign so will have half a chance at reaching the knockouts
 

chiefdave

Well-Known Member
  • Nov 30, 2021
  • #2,971
Nick said:
The Telegraph have always pushed Wasps and I assume when their PR budget dried up then the Telegraph lost interest and let BB go out and work for all the other clubs locally too.
Click to expand...
Wonder if Bridge now covering another club has a part to play in his changing attitude to Wasps. From what I've been told and read Wasps aren't popular with other clubs or their supporters, none of whom approve of what they did. Maybe that message has got through to him.
Nick said:
It is obvious that not many people around here gave a shit, people only went if they got freebies.
Click to expand...
The problem with the freebies was the sheer number of them. Even Bridge now admits there were so many freebies available that people who were queuing to buy tickets were being handed free ones! Completely devalued their own product and seem to have an incredibly low conversion rate in terms of freebies becoming paying customers.

You only had to look at social media on a pre-covid match day. People who were at their games were literally staying in the bar the whole time and not seeing a second of rugby. They had their freebie and they've moved onto the next thing.

Even for those who actually like rugby it seems the game is secondary to everything else. Look at the number of their fans saying the problem is the lack of live music, fanzones etc.

All very odd but the obvious question is if they are all now saying there was no chance of the stadium ever being filled, as no Premiership team would be able to fill it, why were they all so keen on the move? Not to mention nobody mentioned filing it being impossible when they kept saying in the CT that it would be sold out every game in the not too distant future.
 
Reactions: ceetee and Moff

Terry Gibson's perm

Well-Known Member
  • Nov 30, 2021
  • #2,972
chiefdave said:
Wonder if Bridge now covering another club has a part to play in his changing attitude to Wasps. From what I've been told and read Wasps aren't popular with other clubs or their supporters, none of whom approve of what they did. Maybe that message has got through to him.

The problem with the freebies was the sheer number of them. Even Bridge now admits there were so many freebies available that people who were queuing to buy tickets were being handed free ones! Completely devalued their own product and seem to have an incredibly low conversion rate in terms of freebies becoming paying customers.

You only had to look at social media on a pre-covid match day. People who were at their games were literally staying in the bar the whole time and not seeing a second of rugby. They had their freebie and they've moved onto the next thing.

Even for those who actually like rugby it seems the game is secondary to everything else. Look at the number of their fans saying the problem is the lack of live music, fanzones etc.

All very odd but the obvious question is if they are all now saying there was no chance of the stadium ever being filled, as no Premiership team would be able to fill it, why were they all so keen on the move? Not to mention nobody mentioned filing it being impossible when they kept saying in the CT that it would be sold out every game in the not too distant future.
Click to expand...

If you have to be entertained by the off the field stuff then it says you are not very interested on what’s on the field.
 
Reactions: Moff, Kneeza and chiefdave

jordan210

Well-Known Member
  • Nov 30, 2021
  • #2,973
Terry Gibson's perm said:
If you have to be entertained by the off the field stuff then it says you are not very interested on what’s on the field.
Click to expand...

I had a quick look on twitter the other day. Majority of people moaning the down have the fan village and other entertainment anymore. Almost like that is more important than what's going on, on the pitch.
 
Reactions: Terry Gibson's perm

Nick

Administrator
  • Nov 30, 2021
  • #2,974
I saw some saying about their kids dancing at half time.

Not many have said "I miss the club I love".
 

Liquid Gold

Well-Known Member
  • Nov 30, 2021
  • #2,975
Nick said:
I saw some saying about their kids dancing at half time.

Not many have said "I miss the club I love".
Click to expand...
Apart from those from back where they belong who have had their club stolen from them.
 
Reactions: duffer
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