I agree, but I live in CheshireAs I now live in Warwick I think Coventry City council should put up all your Council Taxes to compensate and then sell the ground to the club (not SISU) for a quid!
Way off the mark there. The 3 take that concerts were 36000 each night and tickets were £45-£55 and no doubt sky high prices if you was in one of the corporate boxes. Factor in all the catering on that lot and other add on's and its big money. Money we are losing out on.My best guesstimantes make it worthwhile and better than nothing, but not massively appealing:
3 concerts per year say 20,000 people paying £30 is £1.8m. There will be running cost, security, the NEC commission, tax and payment to the band/singer. I guess net profit after that is probably in the region of 10% max. Catering I did some sums on here the other day and equated to approx £100k. Hotel, gym, casino and office space are not part of the deal and separate entities. The one that could generate decent return is the car park, but I have no idea if this is included as part of any deal on the table or not.biggest cherry for us is that we would save £1m (less running costs and insurances etc) over the course of a season in rent.
Mind you £5m in ticket sales for 3 concerts !!! I wonder what the rent would be?
Most of the money from ticket sales go to the artists and the next biggest winner being the VAT man. The competition for hosting these events is strong - I would guess that in recent years that The Ricoh has undercut the NEC to attract events.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?