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Wasps finances 2016 (2 Viewers)

  • Thread starter oldskyblue58
  • Start date Nov 1, 2016
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SkyBlueZack

Well-Known Member
  • Nov 3, 2016
  • #141
italiahorse said:
I've had free tickets (First Season) but my several contacts can't get them for most matches.
It seems to be on a rota system.
It defeats the objective if anybody can get them free all the time.
Once I enjoyed it I paid for a season ticket
Click to expand...

This did make me chuckle
 
Reactions: Deleted member 5849

covmark

Well-Known Member
  • Nov 3, 2016
  • #142
italiahorse said:
I've had free tickets (First Season) but my several contacts can't get them for most matches.
It seems to be on a rota system.
It defeats the objective if anybody can get them free all the time.
Once I enjoyed it I paid for a season ticket
Click to expand...
A number of posters have said freebies are readily available all the time. Yet you still babble on about rota systems.
Just admit it, you feel a bit of a tit for buying a season ticket when you really didn't need to.

Sent from my HTC One_M8 using Tapatalk
 

italiahorse

Well-Known Member
  • Nov 3, 2016
  • #143
chiefdave said:
Italia must be looking in the wrong places. A bundle of tickets for every game turns up here and pretty much every game remains sat on a desk untouched.
.
Click to expand...

Surprised you have not taken a picture then or is it just bull ?
Easiest way to kill this ongoing argument.
 

italiahorse

Well-Known Member
  • Nov 3, 2016
  • #144
SkyBlueZack said:
This did make me chuckle
Click to expand...
You need to read the previous posts to realise what contacts I'm talking about.
 

italiahorse

Well-Known Member
  • Nov 3, 2016
  • #145
covmark said:
A number of posters have said freebies are readily available all the time. Yet you still babble on about rota systems.
Just admit it, you feel a bit of a tit for buying a season ticket when you really didn't need to.

Sent from my HTC One_M8 using Tapatalk
Click to expand...

They are available all the time just not always at the same place.
Have you tried or are you just believing what you want to believe ?
 
D

Deleted member 5849

Guest
  • Nov 3, 2016
  • #146
SkyBlueZack said:
This did make me chuckle
Click to expand...
Nick and David no longer putting out
 

Nick

Administrator
  • Nov 3, 2016
  • #147
italiahorse said:
They are available all the time just not always at the same place.
Have you tried or are you just believing what you want to believe ?
Click to expand...

Yes, like I said there are available in multiple places.

There is a dancing group that gets a fair few also..

For somebody in the know and in with the big wigs, you seem to be missing a trick.
 

covmark

Well-Known Member
  • Nov 3, 2016
  • #148
italiahorse said:
They are available all the time just not always at the same place.
Have you tried or are you just believing what you want to believe ?
Click to expand...
I wouldn't watch the franchise if you paid me.

Sent from my HTC One_M8 using Tapatalk
 
Reactions: duffer

italiahorse

Well-Known Member
  • Nov 3, 2016
  • #149
Nick said:
Yes, like I said there are available in multiple places.

There is a dancing group that gets a fair few also..

For somebody in the know and in with the big wigs, you seem to be missing a trick.
Click to expand...
Can't be bothered to scratt around looking for free tickets any more.
Why don't you use the CCFC free tickets ?
Seems your also missing a trick.
It's like software, music or films. If There any good I don't mind buying them.
For both Wasps and CCFC I want to just go and watch without any hassle.
 

Nick

Administrator
  • Nov 3, 2016
  • #150
italiahorse said:
Can't be bothered to scratt around looking for free tickets any more.
Why don't you use the CCFC free tickets ?
Seems your also missing a trick.
It's like software, music or films. If There any good I don't mind buying them.
For both Wasps and CCFC I want to just go and watch without any hassle.
Click to expand...

Not really, because I'm not saying CCFC tickets don't exist either.

Also, they don't seem as available.
 

Grendel

Well-Known Member
  • Nov 3, 2016
  • #151
italiahorse said:
Can't be bothered to scratt around looking for free tickets any more.
Why don't you use the CCFC free tickets ?
Seems your also missing a trick.
It's like software, music or films. If There any good I don't mind buying them.
For both Wasps and CCFC I want to just go and watch without any hassle.
Click to expand...

I thought you claimed you always purchased your tickets as the free seats were the cheap ones and there weren't many going about anyway?
 

stupot07

Well-Known Member
  • Nov 3, 2016
  • #152
italiahorse said:
Ref point 3.
I'm saying Wasps are the solution because they will be the ones giving the long term deal to the club who are unable to provide or finance their own stadium.
If they fail we fail. IMHO
Click to expand...

If wasps fail they either have to sell up or the lease reverts back to the freeholder. Either scenario would give the football club and owner a chance of purchasing the leasehold. If thay didn't happen and another stadoum managementcompany buys the lease and we'd just have to rent from them. No different to now as you keep telling us, but less competition for paying customers, sponsors etc.

Wasps failing does not mean it would lead to ccfc failing, if anything it improves our position and opens up a raft of opportunities.


Sent from my SM-G930F using Tapatalk
 
Reactions: Liquid Gold, chiefdave, Moff and 2 others

italiahorse

Well-Known Member
  • Nov 3, 2016
  • #153
Nick said:
Also, they don't seem as available.
Click to expand...
 

italiahorse

Well-Known Member
  • Nov 3, 2016
  • #154
Grendel said:
I thought you claimed you always purchased your tickets as the free seats were the cheap ones and there weren't many going about anyway?
Click to expand...

Im a season ticket holder so what are you rabbiting on about?
The free tickets as far as I am aware are mainly in the corner under the screen.
You can move across though as nobody checks like at CCFC.
 

italiahorse

Well-Known Member
  • Nov 3, 2016
  • #155
stupot07 said:
If wasps fail they either have to sell up or the lease reverts back to the freeholder. Either scenario would give the football club and owner a chance of purchasing the leasehold. If thay didn't happen and another stadoum managementcompany buys the lease and we'd just have to rent from them. No different to now as you keep telling us, but less competition for paying customers, sponsors etc.

Wasps failing does not mean it would lead to ccfc failing, if anything it improves our position and opens up a raft of opportunities.


Sent from my SM-G930F using Tapatalk
Click to expand...

So you think that if Wasps fail we could make a go of it ?
Sometimes I think people just type without thinking.
 
D

Deleted member 5849

Guest
  • Nov 3, 2016
  • #156
italiahorse said:
Sometimes I think people just type without thinking.
Click to expand...

/resists obvious retort
 
Reactions: chiefdave, Moff and stupot07

stupot07

Well-Known Member
  • Nov 3, 2016
  • #157
italiahorse said:
So you think that if Wasps fail we could make a go of it ?
Sometimes I think people just type without thinking.
Click to expand...


If wasps fail its because they have shot themselves in the foot by raising £35m bonds when they only needed £14m to pay back the council loan and over stretching themselves - its OK though Richardson is happy to have £10m back in his personal bank account.

If wasps fail it gives us more options than we have now. I don't see how this can be denied.

Sent from my SM-G930F using Tapatalk
 
Last edited: Nov 3, 2016

Nick

Administrator
  • Nov 3, 2016
  • #158
Italia, how have you got away with a parody account for so long?
 
Reactions: Deleted member 5849, Moff and stupot07

SkyBlue_Bear83

Well-Known Member
  • Nov 3, 2016
  • #159
italiahorse said:
So you think that if Wasps fail we could make a go of it ?
Sometimes I think people just type without thinking.
Click to expand...
No, not under Sisu.

However under those circumstances and new ownership of the club, then why not?
 
Reactions: stupot07

Grendel

Well-Known Member
  • Nov 3, 2016
  • #160
italiahorse said:
Im a season ticket holder so what are you rabbiting on about?
The free tickets as far as I am aware are mainly in the corner under the screen.
You can move across though as nobody checks like at CCFC.
Click to expand...

You said you'd never ever have a free ticket even in season one and yet now you confess your contacts gave you free tickets in season one.
 

chiefdave

Well-Known Member
  • Nov 3, 2016
  • #161
A little something I saw on twitter today
 
Reactions: Moff, Terry Gibson's perm, stupot07 and 2 others

italiahorse

Well-Known Member
  • Nov 3, 2016
  • #162
SkyBlue_Bear83 said:
No, not under Sisu.

However under those circumstances and new ownership of the club, then why not?
Click to expand...
Sisu are not selling. Now what ?
 

fernandopartridge

Well-Known Member
  • Nov 3, 2016
  • #163
stupot07 said:


If wasps fail its because they have shot themselves in the foot by raising £35m bonds when they only needed £14m to pay back the council loan and over stretching themselves - its OK though Richardson is happy to have £10m back in his personal bank account.

If wasps fail it gives us more options than we have now. I don't see how this can be denied.

Sent from my SM-G930F using Tapatalk
Click to expand...
Ironically it'd be a £21m (35-14) finance deal that does for ACL again. It's early days though.

My ideal scenario would be a new CCFC stadium of an appropriate size nearer the City centre. SISU gone with Wasps bust and the council stuck with a stadium and no occupier. We can but dream.
 
Reactions: The Reverend Skyblue, Moff and stupot07

italiahorse

Well-Known Member
  • Nov 3, 2016
  • #164
Grendel said:
You said you'd never ever have a free ticket even in season one and yet now you confess your contacts gave you free tickets in season one.
Click to expand...
Your confused
Of course I would have a free ticket in season one. But I preferred to go in the middle rather than the corners.
 

italiahorse

Well-Known Member
  • Nov 3, 2016
  • #165
fernandopartridge said:
Ironically it'd be a £21m (35-14) finance deal that does for ACL again. It's early days though.

My ideal scenario would be a new CCFC stadium of an appropriate size nearer the City centre. SISU gone with Wasps bust and the council stuck with a stadium and no occupier. We can but dream.
Click to expand...
The same as the Sisu plan then? They will be happy.
Dream on !!
 

Nick

Administrator
  • Nov 3, 2016
  • #166
italiahorse said:
Your confused
Of course I would have a free ticket in season one. But I preferred to go in the middle rather than the corners.
Click to expand...

You said you had free tickets?
 

italiahorse

Well-Known Member
  • Nov 3, 2016
  • #167
Nick said:
You said you had free tickets?
Click to expand...
Did I ? When was that ?
 

Nick

Administrator
  • Nov 3, 2016
  • #168
italiahorse said:
I've had free tickets (First Season) but my several contacts can't get them for most matches.
It seems to be on a rota system.
It defeats the objective if anybody can get them free all the time.
Once I enjoyed it I paid for a season ticket
Click to expand...

Today at 1:21pm.
 

italiahorse

Well-Known Member
  • Nov 3, 2016
  • #169
Nick said:
Today at 1:21pm.
Click to expand...
Thought I said I had them but preferred to go in the middle so never used them.
Anyway I had other reasons for not using them as my friend I take could not use them.
 

chiefdave

Well-Known Member
  • Nov 3, 2016
  • #170
italiahorse said:
Anyway I had other reasons for not using them as my friend I take could not use them.
Click to expand...
They let imaginary people in for nothing
 
Reactions: Grendel, stupot07, italiahorse and 1 other person

italiahorse

Well-Known Member
  • Nov 3, 2016
  • #171
chiefdave said:
They let imaginary people in for nothing
Click to expand...
Lack of wheelchair spaces in season 1
 
D

dongonzalos

Well-Known Member
  • Nov 4, 2016
  • #172
So if the plan is along the lines of Dave's accountant.
Do not sign any long term deals and wait for Wasps to collapse.
How long do people think we are talking and where will we playing whilst we wait on this plan? The plan of course isn't guaranteed to succeed?
 
Last edited: Nov 4, 2016

italiahorse

Well-Known Member
  • Nov 4, 2016
  • #173
dongonzalos said:
So if the plan is along the lines of Dave's accountant.
Do not sign any long term deals and wait for Wasps to collapse.
How long do people think we are talking and where will we playing whilst we wait on this plan? The plan of course isn't guaranteed to succeed?
Click to expand...

We will be just finishing the new stadium so we will have a choice.
 

chiefdave

Well-Known Member
  • Nov 4, 2016
  • #174
chiefdave said:
ebitda currently compared to covenants of the bond, he lost me at this point to be honest but it seemed to be basically that the bonds have guarantees of how the business will perform and there will need to be an improvement to achieve that. apparently failing on any one of those would not be a minor issue.
Click to expand...
Gone over this with him again as I didn't really get it first time round. Seems the way it works is that the bond has certain things guaranteed, so that the investors know their money is safe, and if they don't meet those conditions they've defaulted and in that scenario the bond owners have a claim to what was put up as security. The security is the arena lease and ACL.

There's two interesting guarantees. Firstly that valuation of the arena and shares does not drop below 1.4 times the total debt of Wasps - that's all companies in the group combined. I've always had my doubts about the valuation and now knowing the valuation has to remain high does nothing to ease those doubts. The debt is £34.6m so that would mean the valuation and shares can't drop below £48.4m. The shares are valued at £9.7m so that means the valuation of the arena can't drop below £38.7m. And of course it means taking out any more debt, lets say to build houses or a training ground, would be an issue.

Secondly the ebitda from June 2017 onwards must be 1.5 times the groups finance costs. Ebitda before tax, interest payments and similar. The ebitda from this set of accounts is a £2.2m loss. Finance costs were £3.1m in these accounts so using that figure by June 2017 they need to turn a £2.2m loss into a £4.7m profit, that's a turnaround of £6.9m by June - seems a pretty tough task to me.

He asked an interesting question to which I don't know the answer. Do either CCC or SISU own a big chunk of the bonds?
 
Reactions: martcov, wingy and stupot07

Liquid Gold

Well-Known Member
  • Nov 5, 2016
  • #175
Say what you like about italia but you've completely fallen into his trap of arguing against his stupidity instead of scrutinising the poor results of London Wasps
 
Reactions: stupot07, Deleted member 5849 and wingy
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