J
Jack Griffin
Guest
No comment, just FYI
http://www.coventrytelegraph.net/sport/rugby/wasps-rfc-strike-195m-ricoh-9568087
http://www.coventrytelegraph.net/sport/rugby/wasps-rfc-strike-195m-ricoh-9568087
I think it's all in the detail ... Projected turnover could be as high as 195 million....could be as low as 50 million ... Nobody knows .. Just more spin from wasps
I think it's all in the detail ... Projected turnover could be as high as 195 million....could be as low as 50 million ... Nobody knows .. Just more spin from wasps
Not interested as no benefit to the Sky Blues. Yes more positive WASPS 'spin'!⚽️
If it isn't then why aren't the people of Coventry in uproar at how cheap the Ricoh was sold for?!
It amazes me that the CT or CWR still haven't asked serious questions of the council and Wasps following the information that was in the bond prospectus. We're supposed to believe that Wasps paid less than £6m and then in a matter of weeks the stadium was worth was it £40 something million in the prospectus? Now they reckon they've got a £195m deal with Compass and of course naming rights soon.
Surely the council selling off an asset generating hundreds of millions for less than £6m should cause uproar?
It amazes me that the CT or CWR still haven't asked serious questions of the council and Wasps following the information that was in the bond prospectus. We're supposed to believe that Wasps paid less than £6m and then in a matter of weeks the stadium was worth was it £40 something million in the prospectus? Now they reckon they've got a £195m deal with Compass and of course naming rights soon.
Surely the council selling off an asset generating hundreds of millions for less than £6m should cause uproar?
I'm more in uproar because with the right approach this is a deal SISU could have got for CCFC. SISU had other ideas though.
It amazes me that the CT or CWR still haven't asked serious questions of the council and Wasps following the information that was in the bond prospectus. We're supposed to believe that Wasps paid less than £6m and then in a matter of weeks the stadium was worth was it £40 something million in the prospectus? Now they reckon they've got a £195m deal with Compass and of course naming rights soon.
Surely the council selling off an asset generating hundreds of millions for less than £6m should cause uproar?
The right approached paying £24 million and still not owning the stadium. That was the original F and B offer wasn't it - and that before the two sides fell out.
The article is ridiculous spin and not a single figure in it can in any way be guaranteed.
The right approach was clearly the approach Wasps took.
The right approach was clearly the approach Wasps took. SISU had ample opportunity before and after they all fell out to take this approach. I know that's uncomfortable for you to accept but that's the truth it.
The one to move to a city 80 miles away?
Were the club told to buy back the F and B rights would cost £24 million - yes or no?
Pretty sure that the Ricoh is in Coventry so no, SISU wouldn't have had to move CCFC 80 miles away to acquire the Ricoh.
The Wasps deal was there to be done. I can say this with complete confidence simply because Wasps did it. As always you'd rather deflect than accept.
The Wasps deal was there to be done. I can say this with complete confidence simply because Wasps did it. As always you'd rather deflect than accept.
The Wasps deal was there to be done. I can say this with complete confidence simply because Wasps did it. As always you'd rather deflect than accept.
Yes it was there for Wasps. Can you say 100% it was there for CCFC also? The same one?
He has a point... that was the offer on the table for the club before the fallout.
Compared of course with the pants down offer for Wasps.
Bit confused by the article, although that's more than likely down to a misunderstanding on my part. Compass signed a 10 year deal in 2009 (said to be valued at £125m, can we see from ACL's accounts if the Ricoh is actually generating £12.5m a year in F&B revenue?), so how does todays 15 year extension leave the contract running to 2030, shouldn't it be 2034? A 15 year extension to 2030 would mean the old deal had expired. And what's happened to IEC?
The figures also imply that despite these new facilities and the arrival of all the extra events and Wasps themselves revenue is only project to be £13m a year, wouldn't it be expected to be a lot higher than in 2009?
What am I missing here? Something obvious probably!
Suppose at the end of the day it doesn't really matter. They can't even be bothered to open all the facilities that are already there for us on matchday so we most likely won't see much benefit from this.
He has a point... that was the offer on the table for the club before the fallout.
Compared of course with the pants down offer for Wasps.
Businesses always predict they will grow, doesn't mean that will or ever realistically could happen. But having said that Wasps do seem to be well managed, they may be successful long term.
So why weren't SISU capable of negotiating this pants down deal for the Ricoh. The pants down deal as you put it was there to be done, Wasps being capable of doing it proves this 100%. Why didn't / wouldn't SISU do it? Or make inroads even to try and do it?
Yes it was there for Wasps. Can you say 100% it was there for CCFC also? The same one?
So why weren't SISU capable of negotiating this pants down deal for the Ricoh. The pants down deal as you put it was there to be done, Wasps being capable of doing it proves this 100%. Why didn't / wouldn't SISU do it? Or make inroads even to try and do it?
Yes it was there for Wasps. Can you say 100% it was there for CCFC also? The same one?
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