Grendel
Well-Known Member
We in that period also received £1.7m for Callum Wilson
Fisher openly said it a few years back. Our model doesn't work in the championship
Also since promotion I'm pretty sure they've shown that's the case
Sheaf - 750K
Gyok- £1M
Hamer- £1.2m
Walker - £1M
£4 Million spent in 3 seasons of Championship football
In that time selling
Hyam -£1.5m
Shipley -Nominal probably around £100k
Spending £2.4 Million in 3 seasons of championship football, when we've all backed the club with ST's record merchandise etc shows that this is financially it. Nothing else
It's a legal firm, they'll have just established an entityInteresting.
Potential buyer?
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Interesting new Rugby company only formed yesterday
- WASPS RUGBY FOOTBALL CLUB LTD
14426733 - Incorporated on 18 October 2022
56 Friar Gate, Derby, England, DE1 1DF
I’m sure Fulham fans are relatively happy with the circa 55m they spent in the summer window. Trying to be ambitious and breaking their next ceiling which is to stay up in the Premier League. Which they’re actually performing quite well at attempting currently. So they are trying to break that ceiling no?So why aren't Fulham and Norwich owners ambitious and ploughing big money in to get them to the higher ceiling?
That's interesting. I suppose it would make sense that someone is trying to set up a phoenix club of some kind.
It costs peanuts to set up a company of course, so this could be entirely speculative.
Even if there is a phoenix Wasps, I don't see how they start in the Premier division though, not after they've just released all of their players. Maybe this is the start of the set up for the Championship next year?
I see the only officer, currently at least, is a solicitor. I suspect that's just the person who's setting it up on behalf of the actual owner. One to watch, this...
Could it really just de status quo don’t depress me I thought we’d got rid of these invadersJust looking back on yesterdays council meeting, and it does smack of a “preferred” bidder already in place, and as Nick said, it could be Richardson or someone else involved with the Wasps.
all the stuff about asking players to hold back for a couple of days before making any decisions also has the smell of a deal already being finalised.
Duggins distanced CCC from any bail out funding, but I wonder if he’s already committed to covering the costs of the maintenance work on the stadium as a “sweetener”. Hopefully not.
Of course, he would never do that for Sisu, just Wasps, to cover CCC’s arses for their incompetence.
end result I think will be Wasps, in some form, being our landlords still.
After his comment about secret meetings being against the constitution, I wonder if Simon Gilbert will go after him, referring to the secret and un-minuted meeting they had on bringing Wasps here?
not that it will have an effect. Duggins referenced it was agreed by all sides of the council, was that to silence Ridley from pushing that point?
I think it’s highly unlikely without the p thingy that wasps will be doing anything in coventry rugby related
If that’s the case and ccc allow acl Ltd to be owned by a wasps director that seems bizarre
Especially as in the lease agreement there was a thing about administration breaking it
Cloak and daggers eh
I think Wasps in Cov is a dead duck but the name carrying on in the RU circles will happen , like it or not they are a very big name in RU and reforming is a possibility probably a certainly, already been muted of a return to the London area think that’s more than a possibility.Could it really just de status quo don’t depress me I thought we’d got rid of these invaders
Could it really just de status quo don’t depress me I thought we’d got rid of these invaders
Completely agree but it’s still disingenuousACL hasn't gone into admin yet though.
I’m sure Fulham fans are relatively happy with the circa 55m they spent in the summer window. Trying to be ambitious and breaking their next ceiling which is to stay up in the Premier League. Which they’re actually performing quite well at attempting currently. So they are trying to break that ceiling no?
Hypothetical question
Say we get shafted and stay as tenants with sisu in control
Could you carry on? Because tbh i would find it very very difficult dragging myself up there knowing we were going to be constantly skint, never a cat in hells chance of making the prem and knowing we will never ever get rid of them bastards who control us
The one thing I would say is if you get a player on a free its not counted in the spend. But you can bet that players like Ohare and Vick will be on the big bucks in the club plus the uplift in wages from promotion that has to absorbed. We may have only had a net spend on transfers of 2.5 million in the Championship but in real terms the costs of the squad will have increased several times over.
Over £100m debts, how irresponsible from both Wasp and CCC for their due diligenceWasps' nine-figure debt revealed by chief executive
Wasps Holdings Limited went into administration on Mondaywww.coventrytelegraph.net
"
He said: “The model makes sense, - you have a fantastic venue with conferences, events, exhibitions and concerts and the excess from the venue pays for the sporting business, that’s fine in the normal world.
“When the organisation decided to take bond out seven years ago it automatically put a £35million debt onto the business.
“Then you add on all of the other debts over the years whether it’s pre-covid or not, if you count Derek’s loans [Richardson, Wasps owner] in there as well it’s over £100 million.”
Enter company name, number or officer nameSearch
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Interesting new Rugby company only formed yesterday
- WASPS RUGBY FOOTBALL CLUB LTD
14426733 - Incorporated on 18 October 2022
56 Friar Gate, Derby, England, DE1 1DF
Wasps' nine-figure debt revealed by chief executive
Wasps Holdings Limited went into administration on Mondaywww.coventrytelegraph.net
"
He said: “The model makes sense, - you have a fantastic venue with conferences, events, exhibitions and concerts and the excess from the venue pays for the sporting business, that’s fine in the normal world.
“When the organisation decided to take bond out seven years ago it automatically put a £35million debt onto the business.
“Then you add on all of the other debts over the years whether it’s pre-covid or not, if you count Derek’s loans [Richardson, Wasps owner] in there as well it’s over £100 million.”
Sadly not Mike Ashley’s law firm.
Would you not wait until the (or if) council take back the freehold then surely its their responsibility.one thing that’s alarming is the 20m in repairs needed to the Arena, is it actually worth buying?
Don't think it ever did, should never of been sold in the first place, Sisu said it wouldn't work tooSo their model didn't make sense?
Can’t see £20m in repairs. It’s a bluff tactic.one thing that’s alarming is the 20m in repairs needed to the Arena, is it actually worth buying?
So their model didn't make sense?
We all agree the place needs a whole repaint, a good clean in and out and new bogs, but surely thats not 20 Million?
Which Tim are you talking about?!Registred adress is a solistors in Derby. Where Tim is a Partner.
Wonder if he has seen a cheeky gap to register a company then sell it on.
It’s been a rumour for a while, was around 12-15m in delapidationsWe all agree the place needs a whole repaint, a good clean in and out and new bogs, but surely thats not 20 Million?
More or less likely if entering administration?Will ACL not have to publish accounts if they are to be sold?
Which Tim are you talking about?!
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