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MPs respond to Wasps requesting £13m from West Midlands Combined Authority
MPs have responded to the news that Wasps are requesting £13 million of public money from the West Midlands Combined Authority (WMCA) to help fund stadium costs.
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Wasps acquired a 250-year lease on the Coventry Building Society Arena in 2014 and soon after launched a bond scheme to raise further funding to support the acquisition of the stadium and pay off outstanding debts. Included in that was a £13.4m loan from Coventry City Council.
It remains unclear why Wasps have asked the local government for more money, as an official public statement is yet to be released by the club. However, questions have been raised around the viability of the Arena business, given that the latest set of filed accounts from November 2021 showed losses of about £18.5m over the past two years.
Zarah Sultana, the Labour MP for Coventry South, and Mark Pawsey, the Conservative MP for Rugby and Bulkington, appeared on BBC News Midlands this morning to discuss the issue further.
“I think we need to know what’s going on,” Sultana said. “There are a lot of question marks about why they have requested £13 million from the combined authority.”
‘If there is a good argument there then I would absolutely support that.’ Coventry South MP @zarahsultana reacts to news that @WaspsRugby has requested £13m of public money from the @WestMids_CA in today’s #PoliticsMidlands pic.twitter.com/nWinXOL6oi
— BBC News Midlands (@bbcmtd) June 19, 2022
“Personally, as a sports fan myself I would want to centre fans’ concerns and make sure that the Sky Blues and the Wasps fans are able to watch their teams play without any problems. For Coventry City fans that has only been recently addressed.”
Sultana is referring to the recent relocation of Coventry City, who up until August 2021 had been ground sharing with Birmingham City at the St Andrew’s ground in Birmingham. The Championship team have returned to Coventry and are once again sharing the Coventry Building Society Arena with Wasps.
Pawsey is also enthused by the rekindled collaboration between Coventry City and Wasps, but believes more needs to be done to ensure the stadium is a viable financial asset worthy of investment.
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“I’m delighted the relationship with Coventry City has come back again and both the rugby team and football team are playing there, but we need to get more use of the stadium as a commercial asset.
“For 16 years the stadium has been in existence and it’s had an enormous, chequered history over that time. One of the points I would make is I understood that when the stadium was developed it was intended to do a lot more commercial events like concerts. As a former businessman I’d be wanting to sweat the asset to get more use out of it.”
A decision on the financial request is yet to be reached but Sultana is adamant that one could be forthcoming if the reasons were right.
“We have to make sure everything is ok and look into the details, but if there is a good argument there, I’d absolutely support it.”
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Comments on RugbyPass
NZ 😭😭😭is certainly rivaling England for best whingers cup!😭😭😭 !!!
22 Go to commentsYup. New Zealand won 3 out of 10 world cups played. SA 4 out of 8 attempts 30 Vs 50 per cent.🤔🤔
22 Go to commentsShould've done this years ago. Change Saturday kick off times to around 11am. Up and off and back home before 3pm, limit travel time too. Allows players to actually do something else with their Saturday that's family oriented or being rugby fans they could ‘watch’ pro rugby. Increases crowds etc. How can anyone that enjoys grassroots and pro rugby have to choose between the two on Saturdays?
9 Go to commentsI bet he inspired those supporters just as much.
1 Go to commentsBen Smith Springboks living rent free in his head 😊😂
67 Go to commentsGood to hear he would like to play the game at the highest level, I hadn’t been to sure how much of a motivator that was before now. Sadly he’s probably chosen the rugby club to go to. Try not to worry about all the input about how you should play rugby Joey and just try to emulate what you do on the league field and have fun. You’ll limit your game too much (well not really because he’s a standard athlete like SBW and he’ll still have enough) if you’re trying to make sure you can recycle the ball back etc. On the other hard, you can totally just try and recycle by looking to offload any and everywhere if you’re going to ground 😋
1 Go to commentsThis just proves that theres always a stat and a metric to use to justify your abilities and your success. Ben did it last week by creating an imaginary competition and now you did the same to counter his argument and espouse a new yardstick for success. Why not just use the current one and lets say the Boks have won 4 world cups making them the most successful world cup team. Outside of the world cup the All Blacks are the most successful team winning countless rugby championships and dominating the rankings with high win percentages. Over the last 4 years statistically the Irish are the best having the highest win rate and also having positive records against every tier 1 side. The most successful Northern team in the game has been England with a world cup title and the most six nations titles in history. The AB’s are the most dominant team in history with the highest win rate and 3 world cups. Lets not try to reinvent the wheel. Just be honest about the actual stats and what each team has been good at doing and that will be enough to define their level of success.
22 Go to commentsHow is 7’s played there? I’m surprised 10 or 11 man rugby hasn’t taken off. 7 just doesn’t fit the 15s dynamics (rules n field etc) but these other versions do.
9 Go to commentsPick Swinton at your peril A liability just like JWH from the Roosters Skelton ??? went missing at RWC
14 Go to commentsLike tennis, who have a ranking system, and I believe rugby too, just measure over each period preceding a world cup event who was the longest number one and that would be it. In tennis the number one player frequently is not the grand slam winner. I love and adore the All Blacks since the days of Ian Kirkpatrick when I was a kid in SA. And still do because they are the masters of running rugby and are gentleman on and off the field - in general. And in my opinion they have been the majority of the time the best rugby team in the world.
22 Go to commentsHaving overseas possessions in 2024 is absurd. These Frenchies should have to give the New Caledonians their freedom.
21 Go to commentsBell injured his foot didn’t he? Bring Tupou in he’ll deliver when it counts. Agree mostly but I would switch in the Reds number 8 Harry Wilson for Swinton and move Rob Valentini to 6 instead. Wilson is a clever player who reads the play, you can’t outmuscle the AB’s and Springboks, if you have any chance it’s by playing clever. Same goes for Paisami, he’s a little guy who doesn’t really trouble the likes of De Allende and Jordie Barrett. I’d rather play Carter Gordon at 12 and put Michael Lynagh’s boy at 10. That way you get a BMT type goalkicker at 10 and a playmaker at 12. Anyways, just my two cents as a Bok supporter.
14 Go to commentsThanks Brett, love your articles which are alway pertinent. It’s a difficult topic trying to have a panel adjudicating consistently penalties for red card issues. Many of the mitigating reasons raised are judged subjectively, hence the different outcomes. How to take away subjective opinions?
9 Go to commentsYes Sir! Surprising, just like Fraser would also have escaped sanction if he was a few inches lower, even if it was by accident that he missed! Has there really been talk about those sanctions or is this just sensational journalism? I stopped reading, so might have missed any notations.
9 Go to commentsAI is only as good as the information put in, the nuances of the sport, what you see out the corner of the eye, how you sum up in a split second the situation, yes the AI is a tool but will not help win games, more likely contribute to a loss, Rugby Players are not robots, all AI can do if offer a solution not the solution. AI will effect many sports, help train better golfers etc.
45 Go to commentsIt couldn’t have been Ryan Crotty. He wasn’t selected in either World Cup side - they chose Money Bill instead. And Money Bill only cared about himself, and that manager he had, not the team.
28 Go to commentsYawn 🥱 nobody would give a hoot about this new trophy. End of the day we just have to beat Ireland and NZ this year then they can finally shut up 🤐
22 Go to commentsTalking bout Ryan Crotty? Heard Crotty say in a interview once that SBW doesen't care about the team . He went on to say that whenever they lost a big game, SBW would be happy as if nothing happened, according to him someone who cares would look down.. Personally I think Crotty is in the wrong, not for feeling gutted but for expecting others 2 be like him… I have been a bad loser forever as it matters so much to me but good on you SBW for being able to see the bigger picture….
28 Go to commentsThis sounds like a WWE idea so Americans can also get excited about rugby, RUGBY NEEDS A INTERNATIONAL CALENDER .. The rugby Championship and Six Nations can be held at same time, top 3 of six nations and top 3 of Rugby championship (6 nations should include Georgia AND another qualifying country while Fiji, Japan and Samoa/Tonga qualifier should make out 6 Southern teams).. Scrap June internationals and year end tours. Have a Elite top six Cup and the Bottom 6 in a secondary comp….
22 Go to commentsThe rugby championship would be even stronger with Fiji in it… I know it doesen’t fit the long term plans of NZ or Aus but you are robbing a whole nation of being able to see their best players play for Fiji…. Every second player in NZ and AUS teams has Fijian surnames… shame on you!!! World rugby won’t step in either as France and England has now also joined in…. I guess where money is involved it will always be the poor countries missing out….
90 Go to comments