Always a Wasp
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20
Wasps Rugby Discussion / Re: Big News
« on: August 22, 2022, 05:15:45 PM »
Depressingly the statement seems to say that playing rugby at Sixways has been downgraded from the fundamental purpose of the business to merely an option to be considered
23
Wasps Rugby Discussion / Re: The endless thread
« on: August 19, 2022, 04:29:59 PM »
Coventry
Is that the Wasps' equivalent of Mornington Crescent? 😊
Is that the Wasps' equivalent of Mornington Crescent? 😊
25
Wasps Rugby Discussion / Re: Commonwealth 7s - Pitch
« on: August 18, 2022, 01:33:09 PM »If there is a break clause, can you imagine the impact on the arena valuation and naming rights? Let alone the political uproar which would ensue. Wasps got it wrong this time.
What political uproar?
What do CCFC have 13,000 STH. Let's say there are 26,000 people who care about CCFC. That's about 9% of the city. If Wasps had a break clause and chose to use it there would be some noise from 26k people and I'm sure some politicians would make noise. Then what?
27
Wasps Rugby Discussion / Re: Commonwealth 7s - Pitch
« on: August 16, 2022, 04:11:59 AM »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
...
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.
28
Wasps Rugby Discussion / Re: Commonwealth 7s - Pitch
« on: August 15, 2022, 10:18:43 PM »
Sadly Wasps management are realising too late that CCFC are not good value as tenants. I strongly suspect they are paying way less than the likely cost of maintaining the pitch to the standard they demand. Anything less than about £5m a year in either rent, maintenence fees or f&b will not be enough.
Hopefully we can find a way to get out of this contract and send CCFC packing or alternatively get CCFC to pay a high enough rent to cover the true costs (plus profit margin) otherwise the next 10 years will be endless disputes
Hopefully we can find a way to get out of this contract and send CCFC packing or alternatively get CCFC to pay a high enough rent to cover the true costs (plus profit margin) otherwise the next 10 years will be endless disputes
29
Wasps Rugby Discussion / Re: Commonwealth 7s - Pitch
« on: August 15, 2022, 06:40:58 PM »
CCFC want Wasps to spend £500k with zero money from CCFC (maybe a small a loan) to lay a pitch that will tear up like a carpet the moment a rugby match is played. At which point CCFC demand Wasps pay to lay another new pitch at a cost of £500k. Repeat the process 16 times for the 16 home rugby matches and Wasps have spent £8M keeping CCFC happy. And they'll still find something to complain about.
Is this a SISU plan to bankrupt Wasps? 🤔
Is this a SISU plan to bankrupt Wasps? 🤔
30
Wasps Rugby Discussion / Re: Commonwealth 7s - Pitch
« on: August 14, 2022, 08:15:56 AM »The independent agronomist have produced a report which apparently says a new pitch need to be installed. Sounds like it is worse than a council pitch, no root growth. Football club have offered to help with cash flow to achieve that, but wasps not interested. Another indicator they are broke?
Dispute resolution process had been triggered as wasps have a responsibility to provide an appropriate surface. Cost of a “lay and play” pitch is around £5000,000.
1. Just how "independant" is an agronomist hired by CCFC & EFL? What question was the agronomist asked because if it was "is this pitch going to be premiership football standard within a week?" then we all know the answer is no. If it was "could this pitch recover to division 2 standard given 3 weeks and assuming the current heatwave ends?" then maybe they'd get a different answer
2. CCFC have offered to contribute to the cost of relaying the pitch. How much? Have they offered to fully fund and absorb the £500k cost or just a couple of quid on temporary loan which they will deduct from rent so they can look good in media statements?
3. How do you write a contract about pitch quality that is acceptable to both sides, is measurable, allows for unprecedented heatwaves, and recognises that it is almost impossible to have a top football surface on a multi use pitch?
It was inevitable that CCFC would complain about the pitch. Given their track record it was also inevitable they'd start talking about legal challenges. I admit I'm surprised it's happened quite so severely and quickly!
In my dreams the contract should have said "wasps will provide a rugby pitch. CCFC may do whatever they like to upgrade and maintain it to a higher standard but fully at CCFC cost including any costs of repairing it after Wasps have damaged it again and again"