You’d think and hope so but then, by the same logic, you’d think filling the Principality Stadium would lead to big crowds for the Welsh regions.
Wasps & Wuss new developments (and Irish too?)
Moderator: Puja
- Mellsblue
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Re: Wasps & Wuss new developments
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Re: Wasps & Wuss new developments
Sorry mate, missed this - no I didn't - went to some mini rugby things there but ultimately played school rugby, county rugby and university - I did play club rugby a couple of times for Brighton for a friend who needed help with player numbers, but never Lewes, which I regret.Mr Mwenda wrote: ↑Fri Mar 01, 2024 8:27 amHow funny. Did you ever run out on the blue?
Living in Sweden, I miss Lewes something terrible. People ask me if I miss England but I usually say I actually miss Lewes/Sussex. It rather limits the job options when I periodically look at returning... I don't think I'd turn Lewes into Sarries but I'd definitely fix the boiler in the changing rooms. That'd be miracle enough.
It's a great area - feels like it's own little world down there, even though it's only 90 mins from London, sadly, getting closer and closer it seems. I'd stay in Sweden if I were you!
- Mellsblue
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Re: Wasps & Wuss new developments
Nice to see something break the radio silence, but I'll believe it when I see it. He seems a bit small time on first glance. I'd want to know how much money he actually has access to, as getting things off the ground won't be cheap.Mellsblue wrote: ↑Sat Mar 16, 2024 1:00 pm https://x.com/tomjgarry/status/17689227 ... MV3j-SK8yQ
Potential LI investor.
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Re: Wasps & Wuss new developments
A quick look suggests he's got a company that helps start ups get funding. Presumably he's got contacts with some serious investment as well as any funding he has.
It'll come down to whether LI still own their training ground etc. If those assets are all sold off and it's just the name and branding left they will be available quite cheap. The training ground would increase the value of any investment. The issue of finding somewhere to actually play the games would be a sizeable issue as would trying to rebuild the side and academy from fresh.
It'll come down to whether LI still own their training ground etc. If those assets are all sold off and it's just the name and branding left they will be available quite cheap. The training ground would increase the value of any investment. The issue of finding somewhere to actually play the games would be a sizeable issue as would trying to rebuild the side and academy from fresh.
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Re: Wasps & Wuss new developments
The training ground wont still be owned. London Irish essentially owed more than their assets. However if Crossan has retained it as an asset as part of the debt owed to him and wasn't looking to sell in the short term, there may be a route towards utilising it.FKAS wrote: ↑Sat Mar 16, 2024 4:01 pm A quick look suggests he's got a company that helps start ups get funding. Presumably he's got contacts with some serious investment as well as any funding he has.
It'll come down to whether LI still own their training ground etc. If those assets are all sold off and it's just the name and branding left they will be available quite cheap. The training ground would increase the value of any investment. The issue of finding somewhere to actually play the games would be a sizeable issue as would trying to rebuild the side and academy from fresh.
Even if they did have access to it though at an affordable rate, the costs involved in setting up a Championship ready pro setup from scratch would dwarf anything he seems to have funded to date. You've got to find somewhere to play, hire a backroom team, a squad and everything else that goes along with it. There's little evidence of any serious spending anywhere at first glance. Just a website for the investment vehicle and a few links to either the third tier women's football club, the franchise in Canada or Companies House listings for a few other recently incorporated companies with little or no money going through them.
Perhaps I'm naturally pessimistic, but we'll see.
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Re: Wasps & Wuss new developments
There's a ton of resistance to all the phoenix clubs from the Champ clubs as well. Not sure any have applied either.Margin_Walker wrote: ↑Mon Mar 18, 2024 2:42 pmThe training ground wont still be owned. London Irish essentially owed more than their assets. However if Crossan has retained it as an asset as part of the debt owed to him and wasn't looking to sell in the short term, there may be a route towards utilising it.FKAS wrote: ↑Sat Mar 16, 2024 4:01 pm A quick look suggests he's got a company that helps start ups get funding. Presumably he's got contacts with some serious investment as well as any funding he has.
It'll come down to whether LI still own their training ground etc. If those assets are all sold off and it's just the name and branding left they will be available quite cheap. The training ground would increase the value of any investment. The issue of finding somewhere to actually play the games would be a sizeable issue as would trying to rebuild the side and academy from fresh.
Even if they did have access to it though at an affordable rate, the costs involved in setting up a Championship ready pro setup from scratch would dwarf anything he seems to have funded to date. You've got to find somewhere to play, hire a backroom team, a squad and everything else that goes along with it. There's little evidence of any serious spending anywhere at first glance. Just a website for the investment vehicle and a few links to either the third tier women's football club, the franchise in Canada or Companies House listings for a few other recently incorporated companies with little or no money going through them.
Perhaps I'm naturally pessimistic, but we'll see.
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Re: Wasps & Wuss new developments
Sure. Clearly that would be the next hurdle, even if there was any money.
- Galfon
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Re: Wasps & Wuss new developments
The Rovers Return - fair bit to happen before back in the big time, surely.
.https://www.bbc.co.uk/sport/rugby-union ... 6l0rd7yqgo
.https://www.bbc.co.uk/sport/rugby-union ... 6l0rd7yqgo
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Re: Wasps & Wuss new developments
They have to discharge their debts before they can rejoin in theory. Suspect that would include covid loans etc.
- Galfon
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Re: Wasps & Wuss new developments
The revamped Tier2 competition for 25/26 might have another
returner
https://warriors.co.uk/news/worcester-w ... submitted/
The Loxwood/Atlas thing will now presumably keep Sixways as the home for Wuss, in this time frame.
returner
https://warriors.co.uk/news/worcester-w ... submitted/
The Loxwood/Atlas thing will now presumably keep Sixways as the home for Wuss, in this time frame.
- Puja
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Re: Wasps & Wuss new developments
And another one maybe coming back to life - London Irish takeover agreed in principle: https://www.telegraph.co.uk/rugby-union ... ip-return/
Puja
Sounds pretty promising. The article suggests that they're in talks with Brentford about returning but, if Brentford continue to be not keen on that idea, then another option is to step in at AFC Wimbledon's Plough Lane, possibly replacing London Broncos if they go under.Loitz has offered around £2.5 million to buy the Irish brand and intellectual property, as well as committing to pay off £2.7 million in debts to rugby creditors, which is an RFU stipulation for returning to the Championship. The proposed deal also gives Irish a three-year lease at their former training ground in Sunbury, a state-of-the-art facility that has been used as a base by NFL franchises playing in London, as well as an option to purchase the 64-acre site.
Puja
Backist Monk
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Re: Wasps & Wuss new developments
Its all a great big joke tbh. 21 clubs have applied, and all being scrutinised prior to a tender being issued; there is one place up for grabs in the champ as it stands. I'd really hope the RFU financial diligence team are doing a proper job.
- Mellsblue
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Re: Wasps & Wuss new developments
It’s the hope that really kills you.