You won’t get £5m a year in rent from CCFC or anybody, way way beyond market rate for an arena in in poor condition
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Sending CCFC packing would be a PR disaster.
Sending CCFC packing could have some, almost certainly negative, influence on bondholders view of Wasps as an investment
I agree Wasps won't get £5M a year in rent. My point is that CCFC expectations / demands might mean £5M is the right price hence my hope CCFC leave before Wasps end up spending more keeping CCFC happy than the income they receive.
The current situation is a PR disaster and it will continue to be a festering sore for the next 10 years. Make a clean break.
Sending CCFC packing will have a negative view with bondholders? Hard to imagine it getting worse than it is.
When you're at rock bottom it's time to change strategy.
To put some context on stadium rentals. In 2017, Swansea agree a 37 year deal at the Liberty Stadium which is shared with Ospreys RFC. The pitch there seems never to have been a problem and the venue has been used for concerts.
At the other end of the scale, Premier League West Ham pay £2.5 m to play at the London Stadium. London property prices, to buy or rent, are always going to be significantly higher than in Coventry.
You are right that Wasps strategy needs to change because the move here hasn’t worked as planned. Wasps are far from the richest rugby club in Europe and I wonder whether there is regret at making that hubris public.
In an ideal world, the two clubs could coexist in harmony and perhaps even share some back office activities to reduce cost. I personally think that might be easier if the stadium was owned by an impartial third party.