gutterfax wrote:
http://www.wasps.co.uk/news/article/2014/10/08/the-ricoh-arena-q-as
Interesting article
Very!!! Sounds similar to our plight doesn't it.
Over the last ten years we have made no secret of our determination to find a permanent home we can call our own. It’s a move we believe is essential to guarantee the long-term success of the Club, both on and off the pitch.
Unfortunately attendances at Adams Park have not been as high as we would have wished, or as we need, to survive as a business in the professional era.
Why can’t we stay at Adams Park?We run a high risk of going bust. It’s as simple as that.
Adams Park was always intended as a short-term solution. The Club doesn’t make enough money in High Wycombe for it to be sustainable - for every £1 spent by supporters at Adams Park the Club gets 15p.
Over the past 18 months our owner has absorbed almost £10million of the Club’s losses. We are losing approximately £3 million every year. We cannot continue in that vein if we want our Club to survive and succeed.
Staying where we are would mean continuing to lose £3 million a year while awaiting planning permission elsewhere. The green field sites we have explored have a low chance of success. On average, securing planning consent, building new stadiums and the infrastructure they require, takes 10 years to come to fruition.