Always a Wasp

Quote from: westwaleswasp on November 07, 2023, 09:11:32 PM

Quote from: Shugs on November 06, 2023, 09:50:19 PM

I stopped reading at the social media bit.

Trouble is there isn't much else to do other than read this stuff- unless you count going to the Warrior's board to endure the delusional ramblings of a few faves.

 I guess PRL and the RFU  think they may be able to survive this season with no further clubs down the swanny, but I am not so sure.

I suspect that, behind the scenes, they have required all the sugar daddies to sign a personal guarantee to fund the clubs sufficiently to keep them going until each of them has played their last game, with the sanction that the club would be booted out before the season started. I think this was why Irish went under. Having refused to sign up to that, it all unraveled from there.

What this means is that each owner, around January or February, will work out if they can or want to sustain their respective leeches for 24/25. If they do not, they will work out who actually needs paying (and when) to keep the doors open (and indeed that will also be affected by playoffs etc, and also if their last game is home or away). From a certain point onwards, creditors will start to find themselves not being paid. Again, exactly what happened at Irish. They then simply wait for HMRC to take action, which they will. It would not surprise me to see two more clubs go under.

It's like watching green bottles on a wall, in slow motion.

Sounds plausible. If they expect to announce the deal in December they've probably agreed HoTs and financials and are just finalising the finer details. That should give the clubs a reasonable view of their finances until the end of the season.

The next major hurdle will be TV rights. For the clubs that is a very big deal for financial because it gives them a known income for X years, most other streams being quite variable and subject to external influences.

Vows none will go bust during this season. In other words, will go under once their last game has been played.

He is suggesting that he can rely on the promise of the sugar daddies that they won't change their minds mid season (or indeed will not suffer a financial mishap leaving them without funds).

Such promises are worthless.

There is nothing in that piece to inspire confidence.

We all know that the game is headed in the wrong direction. Like an oil tanker, it takes a while for course changes to take effect, but he is like the captain that still steers towards the rocks.

(my emphasis)

Yep, because there's one group he can't control, the Inland Revenue and if they think that someone or some group is trading whilst insolvent or unlikely to pay current and future tax bills they'll be in the courts before anyone can react.

Furthermore, the idea that the government will now restructure loans, having refused in the past and been part of the process that led to clubs going bust stinks and deserves to end up with a legal challenge.

Another idea that stinks is that clubs can be protected this season to ensure they end up in Prem 1 then they'll be yet again protected from relegation because another wall is being built around it.

/rant

Eddie resigns

https://www.bbc.co.uk/sport/rugby-union/67254778

No doubt those who thought he was a solution to any problem will stay in place.

Before we get too despondent over the travelling, that survey did ask about a Wasps TV channel so they?ve obviously given the move to Kent lot of thought.

I can understand the thinking and hope it goes well, but it will be nightmare journey for me and many others. I don't think I've ever got past the A3/M25 junction without at least a 30minute delay and last month it was over an hour.

It looks like they could start at Sixways so I'll have to make the most of that opportunity if it happens.

Quote from: RogerE on October 17, 2023, 05:53:43 PM

Quote from: Neils on October 17, 2023, 04:26:20 PM

There is also the soon to be free Kassam. Not too much information about what the owners want to do with it. Also can't remember how much surrounding land there might be for development.

Not sure about the Kassam. who, even though he sold the Club, he owns the stadium and surrounding area. Appears he wants to knock it down and develop more "Leisure" facilities.

Also a bit of a wind tunnel effect because of the "missing" stand

Oxford are in a tough place (as many clubs are). The old stadium is not fit for purpose hemmed in as it now is, and certainly not for rugby. Take a trip there and see for yourself (it isn't so far for me and I have been there a few times for work). But, despite many proposals, the roundball team have no alternative ground lined up. You would think the local council would help, but that does not appear to be the case, forcing them to look just outside the city boundaries. Unfortunately, a lot of the greenspace around Oxford is not available for any change of use, and their only hope is to the North of the city, but I cannot see that coming off.

...

A long time ago I used to play golf at a club just outside Oxford but covered by Oxford Council. A regular playing partner was a huge Oxford fan and became General Manager for a short time. He said one of the biggest problems was the usual Town v Gown conflict and the snobbishness of the Gown towards football, with the Gown having a disproportionate sway with the council.

Things may have changed, but I doubt it, but I also note that Oxford council is pushing the 15 minute city concept very hard. Irrespective of the politics of that, its not conducive to building and operating a football stadium.

I can't see there being the opportunity for the sort of partnership thinking that will be needed for building a new stadium.

Quote from: Rossm on October 16, 2023, 10:35:51 AM

Surprised the Kolbe chargedown wasn't checked.

Yep. I wanted to see when he started. 20 odd meters within 3 or 4? Dubious!

They probably get checked in the background and the ref updated, the problem is the French TV directors prefer to give us cut-always to gurning fans rather than show replays of key plays.

It drives me mad, they?re almost as bad as BBC Wales in the 6N. 

England fans but necessarily rugby fans.