Think you will find the set up has changed since then SB. The stadium day to day operation is run by IEC which is jointly owned by ACL and Compass. Compass will provide staff etc to that company i believe. Not sure it is on the same basis as what was agreed in 2009 (the date of the article) But I am sure PWKH would clarify
I am not surprised by the confusion. Fisher said in the fan's forum in early June that "Compass actually own all the food, beverages and catering. They pay four million pounds for the rights to actually own that business" and "ACL don’t own the food catering company". The fact, as OSB has suggested, is that there is a joint venture company that has the rights to the food and beverage, the conferencing and exhibitions and the hotel. That company, IECE Ltd is owned by ACL 77% and Compass 23%. Originally ACL just contracted Compass to carry out the business but as at Twickenham and other successful places Compass wanted to invest in the business, to commit to it and not to be just a contractor.
Stuart Linnell has repeated the Fisher version on the BBC and so a myth grows.
Anybody buying ACL, or a part of ACL then owns either the whole of the ACL share of IECE Ltd or benefits from their part ownership of ACL.
I hope that this answers your question.
Also, could PWKH confirm that touchline board advertising revenue goes to Acl, as I always thought Paul Fletcher had set up the deal so as ccfc benefited on that?
Can anyone blame the owners wanting to get full income from match revenue?
Surely that can only be a good thing, as it means we can get more quality on the pitch!
PWKH,
Have you been contacted by Gary Hoffman regarding his offer that has been in the press - do you have any personal views on this? I'm massively in favour of anything that will get us back to the Ricoh although I appreciate its highly unlikely given the entrenched positions.
I should have added: match day revenues are not sufficient to make any real difference to the gap between the other commercial incomes of the Club and the wages. In order to have a self-sufficient club which does not rely on pulling in money every years as loans or investments or whatever it needs to have 365 days a year income. That was the business model that drove the design of the Ricoh. It is a pity that the Club was run in such a way that it could never benefit from the Ricoh. When CCFC sold its share in 2003 it was expected that by 2005/6 they would have bought it back. Had this been done perhaps they would have avoided having to sell to Sisu.
What do u mean by this?
I have not been contacted by Gary Hoffman and nor would I expect to be. The company was contacted. The company has not got an entrenched position and is still working hard to have the Sky Blues stay in Coventry.
That's excellent news. By entrenched I meant there appears to be a stalemate when it comes to Fisher's stance and his media soundbites (he says ACL will only deal with Ltd / administrator etc) - Will ACL deal with Holdings and accept the CVA if Hoffman brokered the deal? Could that be a resolution and what you mean by 'working hard'?
I should have added: match day revenues are not sufficient to make any real difference to the gap between the other commercial incomes of the Club and the wages. In order to have a self-sufficient club which does not rely on pulling in money every years as loans or investments or whatever it needs to have 365 days a year income. That was the business model that drove the design of the Ricoh. It is a pity that the Club was run in such a way that it could never benefit from the Ricoh. When CCFC sold its share in 2003 it was expected that by 2005/6 they would have bought it back. Had this been done perhaps they would have avoided having to sell to Sisu.
Matchday revenue from FB would be massive. If everyone attending a game spent 10 quid on a pie and a pint and the average attendance was 10k x 23 games, that equates to 2.3million /season minimum
That's a big stretch though, not everyone will spend that much and an average is probably £3-£4 per head per match.Matchday revenue from FB would be massive. If everyone attending a game spent 10 quid on a pie and a pint and the average attendance was 10k x 23 games, that equates to 2.3million /season minimum
Matchday revenue from FB would be massive. If everyone attending a game spent 10 quid on a pie and a pint and the average attendance was 10k x 23 games, that equates to 2.3million /season minimum
Matchday revenue from FB would be massive. If everyone attending a game spent 10 quid on a pie and a pint and the average attendance was 10k x 23 games, that equates to 2.3million /season minimum
Charltons F&B alleged £1.8M turnover with 40% margin was achieved with crowds averaging over 15,600 and at London prices (no doubt the staff there are paid no more than minimum wage so the profit potential is greater). The basic information is here, http://swissramble.blogspot.co.uk/2011/11/charlton-athletic-into-valley.html
City's crowds in D3 were 10,700, the sales were c. £0.8M, so even if the margin was doubled the total profit would be £320K... but the loss of 1000 tickets on the gate at £20 for 24 matches is worth over £500K.
Well guys, whatever it is, its significant enough for certain parties not to want to lose. Also, if you want to buy in and get a share of this revenue, it does not come cheap.
Or... It's not the real issue at all!
Agree its not the real issue, nevertheless it is an issue.
My ACL neighbour told us that they make about £22,000 per home game which isn't a fat lot.
I would say on that sort of figure only half of the crowd are spending any cash if you look at about £3-£5 per spend.
The stadium hardly empties at half time does it?
Not many around where I sit go and buy anything, it's too feckin' expensive.
The biggest rush comes at the end of game for the "pie sale for a quid", we are all a bunch of tight bastards who like a bargain!!
I think £22K/game must be a turnover figure, not profit.. I based my sums on the published ACL accounts which show matchday turnover as 800K p.a. or about £32K/game, well maybe that figure is F&B + other stuff.. which could account for the difference.
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