biggymania
Well-Known Member
Not sure if anyone has talked about this yet, but the Fraser Group have published their 22/23 accounts - this is the year that included their purchase of the arena.
I am a mere amateur, but I was curious and had a look at them. It looks like ownership is under a subsidiary called Coventry Arena OpCo Limited and as such they don't file accounts for that in isolation, everything is wrapped up under the Frasers Group PLC accounts which you can read for yourself here:
Frasers Group PLC 22/23 Accounts
The reported fee in the press I think was £17M and their accounts show £18M if you include transaction costs:
Although they didn't have the Arena for the entire 22/23 period, they do outline the total revenue and losses. £13.4M of revenue and £7.0M of losses. Because it's a subsidiary there is really no more detail.
The group has a lot of businesses segments, but they refer to the Arena purchase as part of the "UK Sports Retail" segment and refer to it as:
I am a mere amateur, but I was curious and had a look at them. It looks like ownership is under a subsidiary called Coventry Arena OpCo Limited and as such they don't file accounts for that in isolation, everything is wrapped up under the Frasers Group PLC accounts which you can read for yourself here:
Frasers Group PLC 22/23 Accounts
The reported fee in the press I think was £17M and their accounts show £18M if you include transaction costs:
Although they didn't have the Arena for the entire 22/23 period, they do outline the total revenue and losses. £13.4M of revenue and £7.0M of losses. Because it's a subsidiary there is really no more detail.
The group has a lot of businesses segments, but they refer to the Arena purchase as part of the "UK Sports Retail" segment and refer to it as: