Covstu
Well-Known Member
I love this guy!
WASPS Interim Accounts 2019 (1 Viewer)
- Thread starter oldfiver
- Start date
fernandopartridge
Well-Known Member
I may have skirted over it but there wasn't much narrative in the accounts if I recall, not going to give many investors much confidence. Is there some sort of deliberate game at hand?
Covstu
Well-Known Member
Only one man for that job
Nick
Administrator
Any update if the Telegraph had mentioned it?
Must be too busy with important stuff - We give our verdict on 'Coventry's best beard barber shop'
Embarassing, man gets a haircut. WOOOOOOOO
Free stuff in return for articles, reminds me of when that JD fella phoned my work once. "Can you do something for free or cheap if I give you a shoutout on the radio?"
"Fuck off"
Must be too busy with important stuff - We give our verdict on 'Coventry's best beard barber shop'
Embarassing, man gets a haircut. WOOOOOOOO
Free stuff in return for articles, reminds me of when that JD fella phoned my work once. "Can you do something for free or cheap if I give you a shoutout on the radio?"
"Fuck off"
jordan210
Well-Known Member
Why is the before and after the wrong way round. No wonder why they cant report on wasps account when the rugby correspondent is sent on important jobs like this.
Nick
Administrator
jordan210
Well-Known Member
Maybe he is In charge of wasps attendances
Is that true!! Brilliant and to think the amount of free tickets going around this week.
Busted flush.... time to get an exit strategy wasps!
Grendel
Well-Known Member
No one cares any more and apathy is a bigger killer - some idiot yesterday on their forum said the Ricoh will be rocking to day - it’s embarrassing
Grendel
Well-Known Member
fernandopartridge
Well-Known Member
Yep, apathy has definitely set in. Like I've said before their Ricoh tenure is just like ours. Good start, inflated gates, gradual decline to apathy. Attending becomes a chore. Next stop for them hopefully is the rugby equivalent of division 4.
Brighton Sky Blue
Well-Known Member
Starting to think the only reason they’re not letting us back in is we’d get embarrassingly higher crowds.
Nick
Administrator
We would now, if there's a game that means a win seals promotion or even the league title it would be sold out.
Back to Wasps 6,000 the next week.
Still nothing in the Telegraph but a great article about a breakfast their Rugby Reporter had.
Brighton Sky Blue
Well-Known Member
It should be a mission to get a higher crowd in Brum on the same day as a Wasps game before the season is up
Nick
Administrator
I think we already have, haven't we?
chiefdave
Well-Known Member
Halftime Orange
Well-Known Member
Jesus! The Ricoh looks empty, surely they can't survive with gates like that for much longer...thought it was bad when we were there and staying away because of SISU! At least we had a reason.
Brighton Sky Blue
Well-Known Member
Maybe for the Cup game but don't think we've done it in the league yet
Nick
Administrator
We had more in our last game than they did at theirs I think?
jordan210
Well-Known Member
With the Higgs closed as-well I doubt there is any more than 6k In there.
Every week you find someone on twitter with ticket price of £0
Brighton Sky Blue
Well-Known Member
If so then let's try and double them
Be interesting to see what they do with their ST prices next year, keep the same or increase them and you'd expect a drop off, reduce them and its a sign their admitting their own failure.
On a different note, we were talking to an Ipswich fan on Saturday who was saying that Evans is running their club as a tax asset, running losses year on year to offset against his other business'. Could it be that this is happening with Wasps, with (soon to be the expected) no threat of relegation, no FFP rules to adhere to etc, could it be that they are being used like that?
I have very little knowledge and not saying that Im right, its just something that popped into my head following the conversation in Ipswich, but could it be that they aren't bothered about making any money, especially in the short term?
On a different note, we were talking to an Ipswich fan on Saturday who was saying that Evans is running their club as a tax asset, running losses year on year to offset against his other business'. Could it be that this is happening with Wasps, with (soon to be the expected) no threat of relegation, no FFP rules to adhere to etc, could it be that they are being used like that?
I have very little knowledge and not saying that Im right, its just something that popped into my head following the conversation in Ipswich, but could it be that they aren't bothered about making any money, especially in the short term?
Grendel
Well-Known Member
It’s a myth things don’t work like that
skyblue1991
Well-Known Member
As someone who's not an accountant, what pages from the accounts should I be looking at to confirm Wasps were operaing at a loss?
skybluesam66
Well-Known Member
see consolidated income statement
in 6 months, including interest payments, they lost £4.99m
2022 is when they need to repay their 33m loan
by then they could lost another 20m, so unlikely they will be able to pay back the 20m
We are able to play at St Andrews for another 2 years - which ties in with the 2022 when Wasps go pop
in 6 months, including interest payments, they lost £4.99m
2022 is when they need to repay their 33m loan
by then they could lost another 20m, so unlikely they will be able to pay back the 20m
We are able to play at St Andrews for another 2 years - which ties in with the 2022 when Wasps go pop
fernandopartridge
Well-Known Member
Indeed, i think that was one of the fallacies the Trust invented about SISU.
Brighton Sky Blue
Well-Known Member
Spoke to a colleague who said they paid to watch Wasps this weekend. He didn't know they're handing out freebies by the 20 and then went 'there were basically just groups of schoolchildren on free tickets'.
Have marked him down for fumigation
Have marked him down for fumigation
jordan210
Well-Known Member
Brighton Sky Blue
Well-Known Member
jordan210
Well-Known Member
Had a quick google for wasps and this came up
a concert in Stratford £20 a ticket with 2 free wasps tickets
Young Minds Matter Concert - free wasps rugby ticket with purchase!
Im sure its a very good cause and worthy of £20 of anyones money. without free tickets
a concert in Stratford £20 a ticket with 2 free wasps tickets
Young Minds Matter Concert - free wasps rugby ticket with purchase!
Im sure its a very good cause and worthy of £20 of anyones money. without free tickets
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Philosorapter
Well-Known Member
Bond price down over 2% today. Looks like an extinction may be closer then anyone imagined.
Got to be close to going over the edge.
Another thought of the day:
i wonder if they can actually buy the place outright if they can't get the financing.
Brighton Sky Blue
Well-Known Member
In their favour however, no relegation this season and guaranteed European fixtures every year with the strong likelihood of relegation being scrapped once Saracens are out
HuckerbyDublinWhelan
Well-Known Member
With the corona virus - is there a possibility that if sport gets wiped out and no rugby is played would push them closer to the edge?