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Wasps going into admin & the impact on CCFC (5 Viewers)

  • Thread starter Alkhen
  • Start date Sep 21, 2022
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oldfiver

Well-Known Member
  • Sep 29, 2022
  • #701
Gynnsthetonic said:
Could they go for a straight liquidation and do away with admin. They don't have any assets as the training ground has been moved to an individual rather than through the company. All they have is a lease on the stadium. The players are worthless as no transfer fees involved in rugby.
Click to expand...

The top 5 most expensive rugby transfers of all time - Ruck

You can see the full list of the world's most expensive rugby union transfer fees below.
www.ruck.co.uk
 
Reactions: Terry_dactyl
O

oldfiver

Well-Known Member
  • Sep 29, 2022
  • #702
chiefdave said:
Is an overseas investor likely? Rugby doesn't have the global reach of football, could be a big ask. You wouldn't be looking at Wasps, the Premiership or the UK economy in general and think it was a great opportunity to make money.

You'd think it would need to be someone who is in someway connected to the club, even if only as a fan, which raises the question why are they leaving it so late.
Click to expand...

Jim O'Toole says consortium can pay £17.5m to save Worcester Warriors immediately

Exclusive: American-backed group can cover losses of £16m plus £1.5m administration costs to get club back in action as early as next week
www.telegraph.co.uk

U.S. to host Rugby World Cups in 2031, 2033

The United States will stage a Rugby World Cup for the first time as the host of the men’s tournament in 2031 and the women’s tournament two years later.
olympics.nbcsports.com
 

chiefdave

Well-Known Member
  • Sep 29, 2022
  • #703
oldfiver said:

Jim O'Toole says consortium can pay £17.5m to save Worcester Warriors immediately

Exclusive: American-backed group can cover losses of £16m plus £1.5m administration costs to get club back in action as early as next week
www.telegraph.co.uk

U.S. to host Rugby World Cups in 2031, 2033

The United States will stage a Rugby World Cup for the first time as the host of the men’s tournament in 2031 and the women’s tournament two years later.
olympics.nbcsports.com
Click to expand...
We had an American who said he could buy us, saying you can do it to the press and actually putting your money up and going through with it are very different things.

Think having the World Cup in the US says more about the ongoing misguided idea that there will be huge expansion in the game and it will rival football rather than there being a fanbase ready and waiting.

Lets be honest, even when the World Cup is hosted here its barely noticeable outside the rugby community.
 
Reactions: torchomatic and SomersetSB
S

SBT

Well-Known Member
  • Sep 29, 2022
  • #704
Grendel said:
If he just stuck to his political views everyone on here would be lapping up his every word
Click to expand...

You are correct that if people with dumb views only shared other views that I agreed with instead, I would like them more. Might even invite them over for a photo op!
 

Sky Blue Pete

Well-Known Member
  • Sep 29, 2022
  • #705
Gonna affect us big time if they go
 

Grendel

Well-Known Member
  • Sep 29, 2022
  • #706
SBT said:
You are correct that if people with dumb views only shared other views that I agreed with instead, I would like them more. Might even invite them over for a photo op!
Click to expand...

I doubt in truth anyone would have a photo op with you unless they do a barrista of the day award in South Croydon
 
S

SBT

Well-Known Member
  • Sep 29, 2022
  • #707
Grendel said:
I doubt in truth anyone would have a photo op with you unless they do a barrista of the day award in South Croydon
Click to expand...

Are you sure you want to go down the route of who’d look better in a photo op?
 

Grendel

Well-Known Member
  • Sep 29, 2022
  • #708
SBT said:
Are you sure you want to go down the route of who’d look better in a photo op?
Click to expand...

I have no idea what you look like. I have a vision of course.
 
Reactions: matesx

zuni

Well-Known Member
  • Sep 29, 2022
  • #709
Sky Blue Pete said:
Gonna affect us big time if they go
Click to expand...


How Pete?
 

Sky Blue Harry H

Well-Known Member
  • Sep 29, 2022
  • #710
Grendel said:
I doubt in truth anyone would have a photo op with you unless they do a barrista of the day award in South Croydon
Click to expand...
SBT said:
Are you sure you want to go down the route of who’d look better in a photo op?
Click to expand...


If you two send each other dick pics, please make sure it goes through DMs
 
Reactions: EalingSB, skybluepm2, ccfcchris and 9 others

MusicDating

Euro 2016 Prediction League Champion!!
  • Sep 29, 2022
  • #711
Wasps' store still down. Another missed deadline...

Official Online Shop
 

Tommo1993

Well-Known Member
  • Sep 29, 2022
  • #712
Sky Blue Harry H said:
If you two send each other dick pics, please make sure it goes through DMs
Click to expand...

Cc me please.
 
Reactions: duffer, Gynnsthetonic, skybluepm2 and 6 others

jordan210

Well-Known Member
  • Sep 29, 2022
  • #713
MusicDating said:
Wasps' store still down. Another missed deadline...

Official Online Shop
Click to expand...

Still got 3 hours to hit the deadline !
 

Philosoraptor

Well-Known Member
  • Sep 29, 2022
  • #714
jordan210 said:
Still got 3 hours to hit the deadline !
Click to expand...

They didn't mention the year.
 

jordan210

Well-Known Member
  • Sep 29, 2022
  • #715
Philosorapter said:
They didn't mention the year.
Click to expand...


 

Philosoraptor

Well-Known Member
  • Sep 29, 2022
  • #716
jordan210 said:
Click to expand...

I take it the information on where to send returns etc is also down...
 
O

oldfiver

Well-Known Member
  • Sep 29, 2022
  • #717
chiefdave said:
We had an American who said he could buy us, saying you can do it to the press and actually putting your money up and going through with it are very different things.

Think having the World Cup in the US says more about the ongoing misguided idea that there will be huge expansion in the game and it will rival football rather than there being a fanbase ready and waiting.

Lets be honest, even when the World Cup is hosted here its barely noticeable outside the rugby community.
Click to expand...

There are some serious US companies looking at rugby union as a franchise opportunity . They will try anything as they have the backing for a gamble
 

Sky Blue Harry H

Well-Known Member
  • Sep 29, 2022
  • #718
oldfiver said:
There are some serious US companies looking at rugby union as a franchise opportunity . They will try anything as they have the backing for a gamble
Click to expand...

Can't think of a single one that has done it here. Why would Americans go for a sport like that, where there is little evidence of being able to turn a profit. It's not even a gamble; it's a certainty - as a loser.
 

Philosoraptor

Well-Known Member
  • Sep 29, 2022
  • #719
I think it may have something to do with the lack of appreciation for grassroots sports and the pyramid system.
 
Reactions: Red House Coaches

Sky Blue Pete

Well-Known Member
  • Sep 29, 2022
  • #720
zuni said:
How Pete?
Click to expand...
Everything will be more difficult
 
Reactions: zuni
D

Deleted member 5849

Guest
  • Sep 30, 2022
  • #721
Sky Blue Pete said:
Everything will be more difficult
Click to expand...
I don't see how. Our lease will remain in place, and we move to our new stadium when that's over.
 
Reactions: AOM, skybluegod, Sky Blue Pete and 2 others

MAFF

Well-Known Member
  • Sep 30, 2022
  • #722
Am I right in thinking it'll be 10 days since intention to appoint administrators tomorrow? Does that mean they'll officially be in admin tomorrow if nothing happens?
 

Grendel

Well-Known Member
  • Sep 30, 2022
  • #723
IMissMAF said:
Am I right in thinking it'll be 10 days since intention to appoint administrators tomorrow? Does that mean they'll officially be in admin tomorrow if nothing happens?
Click to expand...

I would assume 10 working days? They can apply for a 10 day extension as well
 
Reactions: MAFF

Gynnsthetonic

Well-Known Member
  • Sep 30, 2022
  • #724
Strange how the online store still not selling anything
 
Reactions: MAFF

Sky Blue Pete

Well-Known Member
  • Sep 30, 2022
  • #725
Deleted member 5849 said:
I don't see how. Our lease will remain in place, and we move to our new stadium when that's over.
Click to expand...
I’m no expert but pretty sure it isn’t plain sailing now and it will only get more difficult. Listened to the rugby show on radio 5 last night and they were saying Worcester were evil and devious and wasps have just got unlucky. Mmmm
 

Saddlebrains

Well-Known Member
  • Sep 30, 2022
  • #726
Gynnsthetonic said:
Strange how the online store still not selling anything
Click to expand...


Dont think they sold anything even when available tbf
 
Reactions: Gynnsthetonic

Nick

Administrator
  • Sep 30, 2022
  • #727
Sky Blue Pete said:
I’m no expert but pretty sure it isn’t plain sailing now and it will only get more difficult. Listened to the rugby show on radio 5 last night and they were saying Worcester were evil and devious and wasps have just got unlucky. Mmmm
Click to expand...

In what way? For us?

I'm guessing they have just listened to the Wasps PR bullshit.
 

Grendel

Well-Known Member
  • Sep 30, 2022
  • #728
Nick said:
In what way? For us?

I'm guessing they have just listened to the Wasps PR bullshit.
Click to expand...

It’s potentially more difficult if it actually goes into administration as the administrator will run it and appoint a new buyer

it also depends on the robustness of our lease and the terms around it. Almost certainly if we advanced pitch repair payments they will be lost and unless there are clauses on maintenance then we have no more say on future repairs
 
Reactions: Sky Blue Pete

Sky Blue Pete

Well-Known Member
  • Sep 30, 2022
  • #729
Grendel said:
It’s potentially more difficult if it actually goes into administration as the administrator will run it and appoint a new buyer

it also depends on the robustness of our lease and the terms around it. Almost certainly if we advanced pitch repair payments they will be lost and unless there are clauses on maintenance then we have no more say on future repairs
Click to expand...
You’ve said before grendel and I now agree. It feels like there’s no guarantee of games from one week to the next
 

Grendel

Well-Known Member
  • Sep 30, 2022
  • #730
Sky Blue Pete said:
You’ve said before grendel and I now agree. It feels like there’s no guarantee of games from one week to the next
Click to expand...

I don’t know who does the catering? IEC? Again ig margins are slim administrators can I assume to cut initial expenditure and close a lot of the outlets
 

Mcbean

Well-Known Member
  • Sep 30, 2022
  • #731
Initial stages of admin will be shedding personnel - could be that some of the key communications people between ccfc and wasps will go - there is an enormous number of people involved in getting a game on
 

tisza

Well-Known Member
  • Sep 30, 2022
  • #732
Nick said:
In what way? For us?

I'm guessing they have just listened to the Wasps PR bullshit.
Click to expand...
Could open a whole can of worms. Does the Wasps company we actually have the rent contract with be one of those wound up?
If we were the new key sporting tenant could the rent be changed? Certainly wouldn't be as low as is now.
New buyer might not even want a sporting tenant. Administrator doesn't have to guarantee that there is one.
 

Sky Blue Pete

Well-Known Member
  • Sep 30, 2022
  • #733
Grendel said:
I don’t know who does the catering? IEC? Again ig margins are slim administrators can I assume to cut initial expenditure and close a lot of the outlets
Click to expand...
They are also probably owed a lot of money by wasps
 

Sky Blue Pete

Well-Known Member
  • Sep 30, 2022
  • #734
Simon and other local journalists need to be getting answers. What a shut show
 
Reactions: MAFF
D

Deleted member 5849

Guest
  • Sep 30, 2022
  • #735
Looking forward to the Wasps branded windscreen washer fluid this winter.
 
Reactions: torchomatic and Saddlebrains
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