They seem to be a well run club. To be fair they pay rent for total control of the stadium and it's income streams, not for use of the stadium, comparing us a the Ricoh (or sixfields for that matter) is like comparing apples & pears.
The Take That gig at the bescott must really help them.
"It is also worthy of note that this profit was achieved despite a fall in central television revenues of 26 per cent as a direct result of a reduction in the Football League's new TV deal with Sky. Consequently the club had to adjust and reduce its player budget by a similar amount to compensate and this was done in a controlled and constructive manner."
You take missing the point to new levels.
It is all relative. Look at the turnover of Walsall FC compared to other clubs with similar sized gates. They punch well above their weight in terms of income, because the stadium offers then some unique revenue streams; and by controlling and running the stadium (even on a rental basis) they are in a position to benefit from them.
I'd actually suggest that comparing Walsall and their arrangements at the bescott with our deal at the Ricoh is more like comparing apples and bombay mix to be honest.
You take missing the point to new levels.
It is all relative. Look at the turnover of Walsall FC compared to other clubs with similar sized gates. They punch well above their weight in terms of income, because the stadium offers then some unique revenue streams; and by controlling and running the stadium (even on a rental basis) they are in a position to benefit from them.
I'd actually suggest that comparing Walsall and their arrangements at the bescott with our deal at the Ricoh is more like comparing apples and bombay mix to be honest.
Jasper Carrott said:"And Bombay Mix! What the hell is that, Bombay Mix? Basically the contents of your local tandoori's hoover bag"
Do Walsall get the money from other events? I have a vague recollection of their fans complaining they didn't get money from things like the car boot sale so I'm not certain they do.
Sure they've at least once tried to get the council to buy the ground so they can lease it back off them!
No, the boot sale money goes to them. They make a healthy return from it.
We should take note. Maybe fisher could run one from sixfields?
Seriously though, £23,000 hardly shouts "yay for renting"
We (Walsall), pay around £450,000 a year in rent into our owners pension fund. That is a lot of money for a club of our size. Our owner's pension fund brought the freehold to the ground for about £400k twenty years ago. It is currently up for sale for around £6million and his pension fund will be around £6million fatter as a result of the arrangement. That is a serious return no matter how you look at it and to a lot of Walsall fans it stinks.
But, Walsall FC gets to keep the revenue made from the stadium's activities. The big sign over the motorway is rumoured to be worth around £360k a year let alone the market and the various other events that take place there.
Supporting Walsall under this regime makes you slightly schizophrenic. It is comforting to know that whilst they are in charge we will always have a home and a football club as we just aren't allowed to spend money we don't have. On one hand that's great but on the other it means that we always need to sell our best young talent and never spend money on bringing players in, rather we rely on a youth system to produce them. We look around us and see irresponsibly ran clubs profiting from a League administration who's sole purpose it seems is to keep all clubs in the competition rather than enforce its own rules around financial responsibility. So we never 'go for it' or 'push the boat out' because our owner/the landlord doesn't want the club/his tenant to ever be in a position where it can't pay the rent.
Does the sale of the ground have some sort of conditions attached to it? I mean what is to stop someone buying the ground, evicting the club, and doing something else with it?
Does the sale of the ground have some sort of conditions attached to it? I mean what is to stop someone buying the ground, evicting the club, and doing something else with it?
These signs?
thanks for the clarification swiftly. Am I right in thinking there was talk of trying to get the council to purchase the ground and lease it back to the club?
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