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Premiership Rugby / Premiership Cup
We Need To Talk About Wasps
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<blockquote data-quote="Fuzzy du Plessis" data-source="post: 902366" data-attributes="member: 76333"><p>The financials for this year will probably be slightly worse (no home semi and lower attendance), but should get better going forward with the Gallagher money and no sign of the salary cap being increased any time soon. However I did see someone point out that they were in to their overdraft at a time when they should be flush with cash due to ST sales for the following season. With cash flow problems like that it's easy to see why the players have been receiving money late and the training ground situation is dragging on.</p><p></p><p>It looks like Wasps future in Coventry will come down to Richardson's motives. If he is the passionate Wasp fan that many of their supporters claim he should be happy to soak up the losses until the debt can be refinanced in a way that the interest payments aren't so crippling. If he's just a property developer that needed a cheap sports team to get his hands on a stadium for a bargain price then he won't be willing to keep piling money in to the cause. The problem is that he can't simply reduce spending on the squad salary by a couple of million at the same time they're trying to grow a new fan base. They're already struggling as a reasonably successful top 2/4 side.</p></blockquote><p></p>
[QUOTE="Fuzzy du Plessis, post: 902366, member: 76333"] The financials for this year will probably be slightly worse (no home semi and lower attendance), but should get better going forward with the Gallagher money and no sign of the salary cap being increased any time soon. However I did see someone point out that they were in to their overdraft at a time when they should be flush with cash due to ST sales for the following season. With cash flow problems like that it's easy to see why the players have been receiving money late and the training ground situation is dragging on. It looks like Wasps future in Coventry will come down to Richardson's motives. If he is the passionate Wasp fan that many of their supporters claim he should be happy to soak up the losses until the debt can be refinanced in a way that the interest payments aren't so crippling. If he's just a property developer that needed a cheap sports team to get his hands on a stadium for a bargain price then he won't be willing to keep piling money in to the cause. The problem is that he can't simply reduce spending on the squad salary by a couple of million at the same time they're trying to grow a new fan base. They're already struggling as a reasonably successful top 2/4 side. [/QUOTE]
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We Need To Talk About Wasps
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