How on earth can The Ricoh survive? (1 Viewer)

[pusbccfc]

http://www.ricoharena.com/entertainment/entertainment-events/


Wow, no music artists or any big events at all.

One poxy snooker tournament which will draw crowds of a thousand...

 

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[Nick]

I guess it is early days but apparently they are making more money now than without the club.

 

[shmmeee]

They also make the majority of their money on private corporate events you're not likely to find on that webpage...

 

[pusbccfc]

They also make the majority of their money on private corporate events you're not likely to find on that we page...

I understand that, but theres a 12k capacity exhibition hall that, bar some minor events, is empty.

I honestly haven't seen the Ricoh this quiet with its big music events.

 

[Nick]

Would there be much on over the winter in terms of outdoor stadium though? Surely they will usually be confirmed at the start of the year?

 

[pusbccfc]

Would there be much on over the winter in terms of outdoor stadium though? Surely they will usually be confirmed at the start of the year?

Nope, wouldn't be any stadium tours during winter months.
But the exhibition hall with a capacity similar to the NEC Arena (12k) is empty.

 

[Sky Blue Spud]

Perhaps ACL know something and are not letting on.
Oh, on second thoughts..................:thinking about:

 

[shmmeee]

Nope, wouldn't be any stadium tours during winter months.
But the exhibition hall with a capacity similar to the NEC Arena (12k) is empty.

Sorry I'm confused are you saying you know its empty?

Got a mate who works for a presentation company, drives all over setting up conferences and the like. Told me the other day work starts drying up about now until the New Year, I was quite surprised but maybe it's true.

 

[pusbccfc]

I'm talking about events that manage more than 3000.

Sent from my C5303 using Tapatalk now Free

 

[bigfatronssba]

So what exactly are its major costs at the moment?

Apart from its council loan repayments, its only other cost is maintenance, which is probably more than covered by casino and hotel rent income.

 

[RFC]

Simple, it won't!

 

[lewys33]

Simple, it won't!

 

[MichaelCCFC]

I always thought the Ricoh was a goldmine and when all this started was really shocked that acl had never made a profit net of ccfc rent. acl/ccc seem to give out very contradictory messages about they'll be better off without ccfc/they want ccfc back/they will bring in another 'sports franchise'/etc. shmmeee always seems to have a good insight into this and knew the Trust is submitting an asset of community value application for Ricoh so maybe s/he is right about corporate events and what his mate says

 

[ohitsaidwalker king power]

Simple, it won't!

source for your opinion....?

PKWH would beg to differ- he opens with "there can be very few people not wanting CCFC back at the Ricoh"..... I can think of one mind.

Link available until Wed 30th... I player

http://www.bbc.co.uk/radio/player/p01htx7d

 

[shropshirecov]

How much does it actually cost to run the place, rates, utilities, maintenance, security etc? Anyone know?
That should be the basis for any anchor tenant rent.
Let the anchor tenent keep all the money it raises there.
Scrap any parking restrictions matchdays and encourage people in to spend their dollar up there.
Everyone's a winner!

 

[sky blue john]

exhibitions are seasonal !!!

Maybe they should do ccfc the musical or panto who could play fisher ?

 

[pusbccfc]

exhibitions are seasonal !!!

Maybe they should do ccfc the musical or panto who could play fisher ?

As I previously said, check the LG Arena (NEC) which is of a similar size... That has music events most weeks.

 

[oldskyblue58]

not quite the case though in terms of usage that is advertised though is it .....

http://www.ricoharena.com/business/business-events/

http://www.ricoharena.com/entertainment/entertainment-events/

http://www.ricoharena.com/sport/sport-events/

Think you will find that they have had some major national conferences etc that are not publicised..... eg Boots and Sainsbury's national conferences

Like many conference and exhibition businesses not all their events are publicised. Also on some of the events there are set up/break up times to consider all of which the promoter concerned pays for. Will it be as busy as they would like no because they will have held back on booking alternative events because of keeping availability for CCFC - some events are planned and booked 6 to 12 months in advance and you cannot plug those gaps with major events easily. Is the business plan to rely on irregular big hit events or is it to attract and focus on smaller events and a more constant stream of income? It is not positioned to compete directly with the NEC.

There must be something going on there because they have been recruiting for staff recently.

The only info we have is what PWKH said the other day

Turnover 2011was £6.6m 2012 was £7.8m 2013 was £12.5m and 2014 is projected at £13.4m

Income from CCFC in 2013 figures total of £12.5m would have been Escrow account £336k match day costs £230k plus F&B income say £800k = £1.366m then you have to take out the cost of sales for F&B say £540K plus the match day costs recharged £230k net effect is a gross profit £596k on CCFC income. So when looking at the bottom line you can not simply take out the loss of rent and say that is what reduces the net profit.

The 2013 figures saw a loss of gross CCFC rental income from £1.347m down to £566k but Turnover apparently up to £12.5m from £7.8m that I suspect is an increase in turnover even if you take out the Olympic games effect.

Until proven otherwise you would have to go with the projection for 2014 which would be based on the 5 months already gone, the business that has been booked (usually 6 to 12 months in advance) and past experience. PWKH says the projection is for £13.4m without any income from CCFC.

Factor in the savings on profit and cashflow from the new loan, the non replacement of senior staff, and savings on utilities etc - is failure so certain as some would have us believe? Not saying it is going to be a gold mine but it is possible that the Ricoh can survive without CCFC isnt it?

Ideally CCFC would be at the Ricoh with some some security of occupation, but I think it is wrong to state failure of the Ricoh without CCFC as a fact - it isnt it is an opinion based on very few facts

 

[letsallsingtogether]

Like you said they are hiring this next week my 18 yr old lad has an interview there as events staff? Ok it is a temporary position but thousands have applied? believe his interview is Wednesday or Thursday

not quite the case though in terms of usage that is advertised though is it .....

http://www.ricoharena.com/business/business-events/

http://www.ricoharena.com/entertainment/entertainment-events/

http://www.ricoharena.com/sport/sport-events/

Think you will find that they have had some major national conferences etc that are not publicised..... eg Boots and Sainsbury's national conferences

Like many conference and exhibition businesses not all their events are publicised. Also on some of the events there are set up/break up times to consider all of which the promoter concerned pays for. Will it be as busy as they would like no because they will have held back on booking alternative events because of keeping availability for CCFC - some events are planned and booked 6 to 12 months in advance and you cannot plug those gaps with major events easily. Is the business plan to rely on irregular big hit events or is it to attract and focus on smaller events and a more constant stream of income? It is not positioned to compete directly with the NEC.

There must be something going on there because they have been recruiting for staff recently.

The only info we have is what PWKH said the other day

Turnover 2011was £6.6m 2012 was £7.8m 2013 was £12.5m and 2014 is projected at £13.4m

Income from CCFC in 2013 figures total of £12.5m would have been Escrow account £336k match day costs £230k plus F&B income say £800k = £1.366m then you have to take out the cost of sales for F&B say £540K plus the match day costs recharged £230k net effect is a net profit £596k. So when looking at the bottom line you can not simply take out the loss of rent and say that is what reduces the net profit.

The 2013 figures saw a loss of gross CCFC rental income from £1.347m down to £566k but Turnover apparently up to £12.5m from £7.8m that I suspect is an increase in turnover even if you take out the Olympic games effect.

Until proven otherwise you would have to go with the projection for 2014 which would be based on the 5 months already gone, the business that has been booked (usually 6 to 12 months in advance) and past experience. PWKH says the projection is for £13.4m without any income from CCFC.

Factor in the savings on profit and cashflow from the new loan, the non replacement of senior staff, and savings on utilities etc - is failure so certain as some would have us believe? Not saying it is going to be a gold mine but it is possible that the Ricoh can survive without CCFC isnt it?

Ideally CCFC would be at the Ricoh with some some security of occupation, but I think it is wrong to state failure of the Ricoh without CCFC as a fact - it isnt it is an opinion based on very few facts

 

[James Smith]

Simple, it won't!

Aah you've had access to the ACL management accounts then would you mind sharing this with the rest of us? :facepalm:

 

[pusbccfc]

not quite the case though in terms of usage that is advertised though is it .....

http://www.ricoharena.com/business/business-events/

http://www.ricoharena.com/entertainment/entertainment-events/

http://www.ricoharena.com/sport/sport-events/

Think you will find that they have had some major national conferences etc that are not publicised..... eg Boots and Sainsbury's national conferences

Like many conference and exhibition businesses not all their events are publicised. Also on some of the events there are set up/break up times to consider all of which the promoter concerned pays for. Will it be as busy as they would like no because they will have held back on booking alternative events because of keeping availability for CCFC - some events are planned and booked 6 to 12 months in advance and you cannot plug those gaps with major events easily. Is the business plan to rely on irregular big hit events or is it to attract and focus on smaller events and a more constant stream of income? It is not positioned to compete directly with the NEC.

There must be something going on there because they have been recruiting for staff recently.

The only info we have is what PWKH said the other day

Turnover 2011was £6.6m 2012 was £7.8m 2013 was £12.5m and 2014 is projected at £13.4m

Income from CCFC in 2013 figures total of £12.5m would have been Escrow account £336k match day costs £230k plus F&B income say £800k = £1.366m then you have to take out the cost of sales for F&B say £540K plus the match day costs recharged £230k net effect is a net profit £596k. So when looking at the bottom line you can not simply take out the loss of rent and say that is what reduces the net profit.

The 2013 figures saw a loss of gross CCFC rental income from £1.347m down to £566k but Turnover apparently up to £12.5m from £7.8m that I suspect is an increase in turnover even if you take out the Olympic games effect.

Until proven otherwise you would have to go with the projection for 2014 which would be based on the 5 months already gone, the business that has been booked (usually 6 to 12 months in advance) and past experience. PWKH says the projection is for £13.4m without any income from CCFC.

Factor in the savings on profit and cashflow from the new loan, the non replacement of senior staff, and savings on utilities etc - is failure so certain as some would have us believe? Not saying it is going to be a gold mine but it is possible that the Ricoh can survive without CCFC isnt it?

Ideally CCFC would be at the Ricoh with some some security of occupation, but I think it is wrong to state failure of the Ricoh without CCFC as a fact - it isnt it is an opinion based on very few facts

Cheers OSB.

 

[RPHunt]

Another pointless thread on the future of ACL/Ricoh.

The real question is, how on earth can CCFC survive?

 

[Captain Dart]

Like you said they are hiring this next week my 18 yr old lad has an interview there as events staff? Ok it is a temporary position but thousands have applied? believe his interview is Wednesday or Thursday

Good luck to him.

 

[RoboCCFC90]

It's a good question when you view the previous year accounts for the business, maybe it is sunstainable and if it is good luck to ACL.

 

[Evo1883]

No way in a million years does the ricoh do better without ccfc, although some would argue that they have a trillion pound a year worth of events and exhibitions

 

[CaptainMorgan]

Having a football team occupying the stadium restricts alternative exhibition and event opportunities. Having the uncertainty of having the football team back...............or not, is equally limiting to future opportunities. The only way we will know for sure if ACL can make a profit without the team is for a definitive, final decision from the football club owners not to return to the Ricoh, which nobody in their right minds wants . Having worked at the NEC for nearly fifteen years I understand a bit about the revenue that exhibitions generate. Floor space and utilities don't come cheap. The Ricoh has plenty of potential and I think ACL can survive without the football team IMHO.

 

[skybluetony176]

not quite the case though in terms of usage that is advertised though is it .....

http://www.ricoharena.com/business/business-events/

http://www.ricoharena.com/entertainment/entertainment-events/

http://www.ricoharena.com/sport/sport-events/

Think you will find that they have had some major national conferences etc that are not publicised..... eg Boots and Sainsbury's national conferences

Like many conference and exhibition businesses not all their events are publicised. Also on some of the events there are set up/break up times to consider all of which the promoter concerned pays for. Will it be as busy as they would like no because they will have held back on booking alternative events because of keeping availability for CCFC - some events are planned and booked 6 to 12 months in advance and you cannot plug those gaps with major events easily. Is the business plan to rely on irregular big hit events or is it to attract and focus on smaller events and a more constant stream of income? It is not positioned to compete directly with the NEC.

There must be something going on there because they have been recruiting for staff recently.

The only info we have is what PWKH said the other day

Turnover 2011was £6.6m 2012 was £7.8m 2013 was £12.5m and 2014 is projected at £13.4m

Income from CCFC in 2013 figures total of £12.5m would have been Escrow account £336k match day costs £230k plus F&B income say £800k = £1.366m then you have to take out the cost of sales for F&B say £540K plus the match day costs recharged £230k net effect is a gross profit £596k on CCFC income. So when looking at the bottom line you can not simply take out the loss of rent and say that is what reduces the net profit.

The 2013 figures saw a loss of gross CCFC rental income from £1.347m down to £566k but Turnover apparently up to £12.5m from £7.8m that I suspect is an increase in turnover even if you take out the Olympic games effect.

Until proven otherwise you would have to go with the projection for 2014 which would be based on the 5 months already gone, the business that has been booked (usually 6 to 12 months in advance) and past experience. PWKH says the projection is for £13.4m without any income from CCFC.

Factor in the savings on profit and cashflow from the new loan, the non replacement of senior staff, and savings on utilities etc - is failure so certain as some would have us believe? Not saying it is going to be a gold mine but it is possible that the Ricoh can survive without CCFC isnt it?

Ideally CCFC would be at the Ricoh with some some security of occupation, but I think it is wrong to state failure of the Ricoh without CCFC as a fact - it isnt it is an opinion based on very few facts

i noticed that psychic sally has a gig on in the hall.

i wonder if she knows when sh1tsu will get the rest of the books in?