italiahorse
Well-Known Member
SISU should go. Nothing for them here,
They offer them a 50% stake in the Ricoh, I can't see SISU signing up to a long term rent deal with Wasps.
I think people see the possible demise of the club, as we have the shittest owners that a club can have, who banked everything on getting ownership of a stadium and ultimately failed. They have absolutely no plans, or cash, or the will to build a new stadium, and we are pretty much financially crippled without the revenue streams we need from our own stadium. We are a basket case of a club, with no home, and loads of saddled debt, leaving us hardly an attractive proposition for a bid from potential new owners, be it wasps or Byng or Haskell or anyone else.
I appreciate the above doesn't mean a terminal end for the club, but after I have looked through the gloom of the above points (I am sure there are more) I am struggling to feel optimistic for the present or future.
they seem to manage it at Swansea.
So are Higgs out of the equation now? Wasps own 100% share?
No I don't think so, realistically who would want to own 2 loss making clubs? Which club becomes priority? They're struggling to raise the cash for this deal, how will they afford to buy and run both clubs, whilst 'investing' in the team?
It feels like rip to me at this minute, if you're not fussed then fair enough.
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how do Hull etc manage it? Does the turf settle down after a few days or...?
SISU should go. Nothing for them here,
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They should have went years ago, SISU aren't just going to pack up their bags now and leave quietly.
Its not an easy question to answer. If you take SISU at their word then absolutely nothing changes. We still have the 2 + 2 deal in place, ACL continues to exist so that agreement is still valid and will run it's course at which point we will have our new stadium to play in. If anything it is good news for that plan as it gives CCC little reason to object to any application to build a stadium within the city.
Now if we assume there is no new stadium that's where it gets trickier. Basically we don't know and can only hope that the deal makes allowances for the club to prosper. Looking for things to be positive about it doesn't make sense to me, looking at the size of Wasps fanbase, for this consortium to buy ACL just for Wasps to play 11 games a year at the Ricoh. Surely they will want us to stay, will we get a better deal than we did dealing with CCC and Higgs, will we get a deal that gives us a sustainable future - something along the lines of low rent and access to matchday revenues?
Can we look at the fact that before the briefing last night it was being talked about numerous councillors resigning yet after they had full details it became a unanimous vote. Is it wishful thinking that they have seen this deal will benefit the club? Impossible to say until full details are released / leaked.
I can't help but think we're missing something, but maybe that's just wishful thinking. It doesn't make sense to me for Wasps to move given the state they are in and as bad as anyone in politics can be it would seem to be political suicide for everyone on the council to vote in favour of something that effectively kills the club, and possibly the rugby club along with it.
Ha ha ha, clutching at straws and looking at the glass half full is a lot better than crying like a baby about RIP CCFC but each to their own I suppose. You be happy sticking with Sisu forever and see where that gets you..........
Ha ha ha, clutching at straws and looking at the glass half full is a lot better than crying like a baby about RIP CCFC but each to their own I suppose. You be happy sticking with Sisu forever and see where that gets you..........
Welcome back, by the way. I've missed you. I guess returning to the Ricoh was a little upsetting for you. Anyway, now that there's another crisis you pop up again. Cool.
Well argued as ever, Chief.
As things stand, what we do know is that this deal spikes the chance of CCFC under SISU ever getting access to the Ricoh's revenue streams. Four possibilities that I can see:
1) SISU sell to Wasps. This is what I think the councillors have been told will probably happen. Synergy, rainbows, unicorns, and Champions League football without a doubt. The council roll back on their stated intent to build on every decent sports pitch left in Coventry (funny how that never came up in the debate), and every child is branded with Wasps/CCFC on their forehead and given a free mini-rugby ball/Sky Blue Sam doll. Arise, Dame Ann.
2) SISU remain as owners, the club stays as a tenant at the Ricoh. No access to revenue streams means that the club remains mired in L1, or possibly worse.
3) SISU remain as owners, and they build another ground outside Coventry. Given the likely size and location, this doesn't bode well for the chances of the club either, and effectively the club is now a tenant of SISU. Ambitions are limited to mid-table championship at best maybe, but at least Sandra gets to pick the curtains.
4) The nuclear option, SISU liquidate the club. Wasps move Coventry United into the Ricoh, and four people go to watch the first game. Embarassingly attendances are still double that of the franchise rugby side.
I'm only partly joking here...
I'll go for option 2 or the first sentence of option 4. The only bit you missed is that SISU will continue to sue people.
Will they change the pitch Saturday night then?
Rugby & Football fixtures would be alternate weekends, like CCFC & NTFC were at Sixfields surely.
NTFC regularly played saturday, and we played sunday.....
Wasps are owned by a seriously rich Irishman who I doubt would be fazed in the slightest about sisu or their lawyers.I think they're running out of people to sue. Saying that, I hope Wasps select 'legal cover' as well as 'accidental damage' when they come to insure the stadium.
Wasps are owned by a seriously rich Irishman who I doubt would be fazed in the slightest about sisu or their lawyers.
He also said he would never leave the London area. Happy days.
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