italiahorse
Well-Known Member
The figures just don't work out ...
Old Situation best offer Vs Mortgage on £30M
- 400K per year or £33,333 per Month
New stadium assuming a loan at very preferential terms of 3% over 50 years
- Repayments £96,000 per Month
Running Monthly Difference £63K
Food and Beverage
2011/12 Turnover was 1.01M with profits of £119K
Old situation
- zero for club
New stadium
- 119K or 10K per Month
Running Monthly Difference £53K
Car Parking
900 spaces included in agreement (Approx 50% of spaces)
Old situation
- 900 x£10 = £9000 per game about £270,000 per year or £22,500 per month
New situation
- Spaces unknown but if you assume all the spaces at same price
- £540,000 or £45K per month
Running Monthly Difference £30K
Sponsorship
Club get all pitch side sponsorship at Ricoh so this would be the same
So assuming all other incomes are marginal
- Smaller Stadium outside Coventry
- £30K Month worse off or £360K a year
Old Situation best offer Vs Mortgage on £30M
- 400K per year or £33,333 per Month
New stadium assuming a loan at very preferential terms of 3% over 50 years
- Repayments £96,000 per Month
Running Monthly Difference £63K
Food and Beverage
2011/12 Turnover was 1.01M with profits of £119K
Old situation
- zero for club
New stadium
- 119K or 10K per Month
Running Monthly Difference £53K
Car Parking
900 spaces included in agreement (Approx 50% of spaces)
Old situation
- 900 x£10 = £9000 per game about £270,000 per year or £22,500 per month
New situation
- Spaces unknown but if you assume all the spaces at same price
- £540,000 or £45K per month
Running Monthly Difference £30K
Sponsorship
Club get all pitch side sponsorship at Ricoh so this would be the same
So assuming all other incomes are marginal
- Smaller Stadium outside Coventry
- £30K Month worse off or £360K a year