3 regions? |
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roy munster
Veteran Joined: 30 August 2010 Status: Offline Points: 15682 |
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Exactly those assets will continue to grow in value anyway....the extra revenue from hotel pushes the wru to over 100 million per annum , shouldn't be too hard to extend their mortgage...plus they've got ongoing debenture sales etc
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ROYMOND MUNTER MBE (FOR SERVICES TO THE COMBOVER)
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gaffer
Veteran Joined: 11 February 2007 Location: Maldwyn's Status: Offline Points: 3098 |
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Apparently WRPSA have offered a year's delay to the WRU. Makes some sense. With the current situation - acting CEO, very inexperienced and limited chair, board not fit for purpose, investigations into misogyny, homophobia, racism etc the likelihood of any sensible, well thought through plan for the future coming into being this week seems highly unlikely. Now is not the time to be fixing 6 year deals!
Edited by gaffer - 20 February 2023 at 6:11pm |
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What's going on?
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John
Veteran Joined: 15 August 2004 Status: Offline Points: 4995 |
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I suspect interest payments are the heart of the problem. The assets may be growing in value but the interest payments still have to be made. I've been watching hotel prices in central Cardiff for the last few weeks and they've been under £100 for a room. The Parkgate hotel has been letting rooms for a few quid more than the travel lodge round the corner. That's trading at a loss because of their costs and their debt. On another point, the regions are each carrying the covid debt. Close a region and the WRU will have to pick up the debt.
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Sir Duckling Tuft
Senior Member Joined: 27 May 2012 Location: wales Status: Offline Points: 844 |
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parkgate was £1000 a night for 6 nations last year
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sir duckling tuft
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Oracle
Veteran Joined: 19 September 2022 Location: North pole Status: Offline Points: 3959 |
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I stayed in the park gate hotel last year ...Autumn international....lovely hotel and lovely staff
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Sir Duckling Tuft
Senior Member Joined: 27 May 2012 Location: wales Status: Offline Points: 844 |
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oracle the secret millonaire, what was the damage for your stay ?
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sir duckling tuft
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John
Veteran Joined: 15 August 2004 Status: Offline Points: 4995 |
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That's 2 to 3 weekends in the first three months of the year. A profitable hotel makes money on wet february wednesdays.
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Fscarlet
Moderator Group Joined: 26 January 2015 Status: Offline Points: 8871 |
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That price is for 2 people as far as I know & includes pre match dinner, prime ticket, drinks reception afterwards along with brekkie the following morning.
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lofty evans
Rambler Joined: 20 September 2007 Location: Gorseinon Status: Offline Points: 53415 |
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Undercover I bet
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In 1972, Roy Bergiers scored that try and said "that was for you lofty"
"All you have to decide is what to do with the time that is given to us" |
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