Food and Beverage revenues

Discussion in 'Coventry City General Chat' started by James Smith, Jan 18, 2014.

  1. James Smith

    James Smith Well-Known Member

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    Can anyone remember what SISU/Tim said about F&B revenue at Highfield Road? I ask because I found a figure from 2003/4 that isn't that massive.

    http://www.coventrycity-mad.co.uk/news/tmnw/sky_blues_announce_loss_185240/index.shtml
     
  2. Grendel

    Grendel Well-Known Member

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  3. Hobo

    Hobo Well-Known Member

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    Enlighten him then Grendel, he asked a reasonable question, stop playing games with him.
     
  4. skybluericoh

    skybluericoh Member

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    I think that F&B = Smoke and mirrors. This is not about selling burgers, it about tying people or companies up with litigation no cost to yourself, by putting it against a company you own but have no interest or need to turn a profit, until you get what you want.
     
  5. italiahorse

    italiahorse Well-Known Member

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  6. italiahorse

    italiahorse Well-Known Member

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    Agree with that
     
  7. wingy

    wingy Well-Known Member

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    that might have been the season they Introduced the Stupid cashless.
     
  8. skybluetony176

    skybluetony176 Well-Known Member

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    Hated that.
     
  9. skybluericoh

    skybluericoh Member

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    SISU not to blame on this one, was under the Ray Ranson time if memory serves me, but the catering as SISU only know to well was under Compact I think.

    So can I now boycott my works canteen?
     
  10. James Smith

    James Smith Well-Known Member

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    Sorry you've lost me, I didn't ask a question that I would have expected to be answered with "Why". I was trying to find the figure Tim quoted about revenues which from memory seems to be at odds with that figure and was hoping someone could remember. My old man was a VP* so I rarely saw the rest of the ground from anywhere but our seats.

    * That was his vice - didn't smoke but had a padded seat and somewhere warm at half time with a warming drink or two.
     
    Last edited: Jan 18, 2014
  11. wingy

    wingy Well-Known Member

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    No they tried It at HR too ,under Hover think.
     
  12. skybluericoh

    skybluericoh Member

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    Just shows how people don't learn, can't remember it though at HR at all. Must have been a seamless success, no wonder they tried it at the Ricoh:o
     
  13. James Smith

    James Smith Well-Known Member

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    How did it work at HR, was it the same card system as at the Ricoh?
     
  14. wingy

    wingy Well-Known Member

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    Yep ,It was just as popular.
     
  15. shmmeee

    shmmeee Well-Known Member

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    Sorry, so has anyone explained Grendel's post yet?
     
  16. M&B Stand

    M&B Stand Well-Known Member

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    If food and beverage income is so irrelevant, why don't ACL hand it to the club?
    And how come Compass paid millions for the contract?
     
  17. Hobo

    Hobo Well-Known Member

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    Grendel time to make appearance out of blue smoke, let us boo you before and after your post.
     
  18. shmmeee

    shmmeee Well-Known Member

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    Your mixing match day revenues with all catering first of all. And the second sentence suggests you know the answer to your question.

    Why did the club turn down the revenues + £400k rent deal if they're so important?
     
  19. James Smith

    James Smith Well-Known Member

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    I thought ACL did offer their share of the matchday F&B plus cross invoicing in one offer. Also Isn't the joint venture between ACL and Compass for running the entire venue 7 days a week not just the matchday F&B?
     
  20. Grendel

    Grendel Well-Known Member

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    How many people attended Highfield road in total that season?
     
  21. M&B Stand

    M&B Stand Well-Known Member

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    No idea. Genuinely can't understand the attraction for Compass, especially as it stands.
    I've also no idea why sisu do anything, why didn't they let the club go into administration before they took over? Dunno what's in it for them either.
     
  22. Hobo

    Hobo Well-Known Member

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    Just answer him you ain't getting a drum roll
     
  23. bigfatronssba

    bigfatronssba Active Member

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    About 14k but im not sure of the relevance of that.
     
  24. stupot07

    stupot07 Well-Known Member

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    They didn't off revenues plus £400k rent. They offered to cross invoice to allow for ffp according to the q and a and even that woad subject to agreement of Compass.


    12: £100,000 has been publicised as the value of food and beverage income – is this 50% of the profits i.e. ACL’s half from the EIC joint venture?

    ACL: In principle – we have all accepted that more work is needed on the detail of this, and it needs to be agreed with ACL’s contracted partner Compass, so it is not simply in ACL’s gift. Of course match-day income is also influenced by attendances, these we have seen drop from an average of 13,126 in 11/12 to a current year to date average of 9,259

    Match-day F&B Turnover in 11/12 season was £1,010,992, with Nett Profit of £119,903.

    ACL would be willing to give CCFC full details of the F & B accounts and were prepared to go open book and even allow CCFC to use the revenue figures in the clubs FFP calculations?


    I still can't believe they only make c10% profit on F&B's, that's very poor and way below what pubs and restaurants would be aiming for.

    Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors :)
     
    Last edited: Jan 18, 2014
  25. letsallsingtogether

    letsallsingtogether Well-Known Member

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    more then you get at Northampton and more then will go to the shed.......

     
  26. Grendel

    Grendel Well-Known Member

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    I meant in a full season.
     
  27. shmmeee

    shmmeee Well-Known Member

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    I'll take your word, but is that the same deal? I know they were offering that before. To be honest, there's been so many offers I've forgotten which is which.
     
  28. stupot07

    stupot07 Well-Known Member

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    I think it's the same deal, the £150k and free deals excludes any discussions about F&B's IIRC.


    Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors :)
     
  29. shmmeee

    shmmeee Well-Known Member

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    I think that football isn't their biggest money spinner. I'd imagine the catering for conferences vastly outweighs that. Just a guess though.
     
  30. WillieStanley

    WillieStanley Active Member

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    If they'd also given the option to pay by Debit/Credit card then it would have worked a lot better. Like it or not, it did reduce queue time!!
     
  31. shmmeee

    shmmeee Well-Known Member

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    OK. Could've sworn it was football revenues in cash as it were, plus the rest for FFP. But I honestly can't remember.

    So F&B at the Ricoh is slightly more profitable than at HR then? (until we get Grendel's explanation). If we made £100k on 9k average crowd as opposed to £84k on 14k crowds?

    Maybe pies just aren't that profitable?
     
    Last edited: Jan 18, 2014
  32. italiahorse

    italiahorse Well-Known Member

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    We know that, why don't SISU accountants?
     
  33. M&B Stand

    M&B Stand Well-Known Member

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    Or compass's!
     
  34. stupot07

    stupot07 Well-Known Member

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    You have throw inflation in there (is a beer £3.80 now?, the online inflation calculators say that would have been £2.90 in 2004). Plus our average attendance in the league was 15118, not 13k plus we had 1 cup game vs Southampton (9k)


    Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors :)
     
  35. wingy

    wingy Well-Known Member

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    As most of It was cash I hope no one was trousering It.
     

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