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"Wasps to become richest rugby club in the world"

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Post by Rugby Fan Mon 27 Apr 2015, 12:57 am

First topic message reminder :

http://www.bbc.com/sport/0/rugby-union/32476299

On Monday they will become the first sports club to launch a retail bond listed on the London Stock Exchange, which is expected to raise up to £35m. That means Wasps are set to pass French giants Toulouse in terms of revenue. "We expect to be in that position either at end of this season or next season," said Wasps' David Armstrong.

The big rise in revenue is a result of Wasps, who beat Exeter on Sunday to consolidate sixth place in the Premiership, buying the Ricoh Arena and moving from High Wycombe to play in the Midlands. Speaking to BBC Radio 5 live, the Wasps chief executive added: "We were previously the second-lowest revenue-generating club in Premiership rugby. We are now the second highest in Europe.

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Post by Coleman Thu 07 May 2015, 3:57 pm

I hope they can keep it up. Crowds like that only help to show off rugby in a good light. With the RWC later this year and the right marketing Wasps could be having some very strong attendances next year.

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Post by LondonTiger Thu 07 May 2015, 4:01 pm

They will rarely sell out - we may well see more away fans than home ones on Saturday, but if the can keep pulling in around 20k then they are doing well.

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Post by nathan Thu 07 May 2015, 4:03 pm

Coleman wrote:I hope they can keep it up. Crowds like that only help to show off rugby in a good light. With the RWC later this year and the right marketing Wasps could be having some very strong attendances next year.

mixed with the income they will get from the various corporate services they could become one of the top teams again

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Post by Pot Hale Thu 07 May 2015, 4:56 pm

Yep - 16k-18k attendances on average each week would be very impressive from effectively a standing start in a new area/stadium.

European rugby likely as not next season. Increased cap. Ring fenced Premiership on the way. Improved TV deal monies on the way.

What's not to like?

Wasps and Exeter could be the two real success stories of the Premiership.
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Post by BigTrevsbigmac Thu 07 May 2015, 6:55 pm

Pot Hale wrote:Yep - 16k-18k attendances on average each week would be very impressive from effectively a standing start in a new area/stadium.  

European rugby likely as not next season.  Increased cap. Ring fenced Premiership on the way.  Improved TV deal monies on the way.

What's not to like?

Wasps and Exeter could be the two real success stories of the Premiership.  

OK

http://www.coventrytelegraph.net/news/coventry-news/wasps-pay-back-134m-ricoh-9201559

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