ACL Updates?

[wasps]

The bottom line is that the Coventry venture was flawed from Day 1.

In hindsight, yes. Could it ever had worked OK? I am unsure. On balance I would have said no. But, I didn't look really hard at the time. Gift horse, mouth, etc.

If there's truth in us having reached some form of financial level footing pre-covid
And if the bond could have been refinanced at significantly less than 6%
And if we hadn't been to court dozens of times
And if we had been able to organise stadium naming rights on time
And if covid hadn't shut the entire complex for 2 years


Then maybe it could have worked
But what's clear is that with all those things, and probably other things, then it was a complete wash out

[Rossm]

The bottom line is that the Coventry venture was flawed from Day 1.

Easy enough to say that. But on day 1000 (approx) along came Covid with national lock downs and either no games or games played in empty stadia; no concerts, no conferences, hotel and casino empty, no other events, in fact no multiple income streams at all. The global pandemic, the biggest and most severe pandemic for 100 years had no influence on Derek's business at all. The RFU and PRL can kiss my arse. I'll add Rob Baxter to that invitation.

[WonkyWasp]

Well said Ross (tho' I'd like to omit the last two sentences  if you don't mind!)

[westwaleswasp]

I think the writing was on the wall from the moment the 2017 squad started to fall apart. The model we were following was never going to yield crowds of 15000 plus week in and week out. It needed to, and we then got covid that killed the game as a habit.

Dai wanted conservative rugby winning 20 13 rather than 46 39. End of.  It was clear at the time and in retrospect that Danny was driving him mad. Once Danny, Wade et al went we got exactly that, without as many wins.
Lee's team played with panache at times , but overall the direction was towards a youthful team but one that did not know how to throw it around with abandon. If you want to attract curious locals we needed constant wins for an extended period  or an exciting brand. We got neither. The wins dried up after covid.  Jack Willis getting the umpteenth turnover of a game is great for enfranchised fans like us, but only Wade-esque beating in six a phonebox or Beale style genius puts 2000 plus casual bums on seats.

[andermt]

The bottom line is that the Coventry venture was flawed from Day 1.

In hindsight, yes. Could it ever had worked OK? I am unsure. On balance I would have said no. But, I didn't look really hard at the time. Gift horse, mouth, etc.

If there's truth in us having reached some form of financial level footing pre-covid
And if the bond could have been refinanced at significantly less than 6%
And if we hadn't been to court dozens of times
And if we had been able to organise stadium naming rights on time
And if covid hadn't shut the entire complex for 2 years


Then maybe it could have worked
But what's clear is that with all those things, and probably other things, then it was a complete wash out

100% this.

It could have worked and without the external issues would have worked I think.

With all the debt gone, I think it still could.

[Lwasp]

Anyone long for the days when ACL Updates was a thread about hoped for returns from serious injury?

[Neils]

Anyone long for the days when ACL Updates was a thread about hoped for returns from serious injury?

+1

[coddy]

Sounds like the question whether Wasps will continue as a professional club is going to drag on, the waiting is very trying as I've had both fingers crossed for weeks now.

On this subject wasn't it over a week ago that the Administrator stated that he was ready to put a bid to the RFU?

It would be nice to know how that was progressing.

[westwaleswasp]

Presumably our future cannot be clear until the stadium's new owners are known, barring a White Knight who already owns a club with a stadium who happens to like rugby. Assuming that is a no no, we may have a fair dinkum wait.

[bigad82]

My wife works in the office space at the CBS Arena.
They are moving everything out tomorrow.

[bigad82]

To Jordan210 on SBT they are moving out because despite asking constantly they don't know if they will still have a lease on Monday.

[NellyWellyWaspy]

My wife works in the office space at the CBS Arena.
They are moving everything out tomorrow.

Works there for the administrator of Wasps, rather than works there for ACL or one of the other businesses not yet in administration (or whatever), I assume.

A truly troubling time for all.

[Shugs]

The CCFC game on Saturday is confirmed as being on. I think it may be tomorrow that is the date of admin.

[bigad82]

My wife works in the office space at the CBS Arena.
They are moving everything out tomorrow.

Works there for the administrator of Wasps, rather than works there for ACL or one of the other businesses not yet in administration (or whatever), I assume.

A truly troubling time for all.

No Nelly a company that's been renting office space since 2015.
I've been in this position myself at a company and I just hope they can get everything out by 12PM if the worst does happen.

[NellyWellyWaspy]

My wife works in the office space at the CBS Arena.
They are moving everything out tomorrow.

Works there for the administrator of Wasps, rather than works there for ACL or one of the other businesses not yet in administration (or whatever), I assume.

A truly troubling time for all.

No Nelly a company that's been renting office space since 2015.
I've been in this position myself at a company and I just hope they can get everything out by 12PM if the worst does happen.

Ah. Then that would suggest ACL have decided to call it a day as well. It doesn't surprise me. I did not think anybody would buy in at the last minute. The vultures arrive after then.