But if you're being milked for every penny to the point its virtually impossible to turn a profit whats the point? The hospitality is a prime example. Make the club pay practically retail price and pay for all covers required or not. Would be very surprised if there's not numerous matches this season where we actually lose money by offering hospitality.
'Put on events' gets thrown around as if its a guaranteed money maker. Its an incredibly tough competitive business where 1 underperforming event can wipe out numerous successful events. You tip the balance a bit the other way when you get F&B, get hire costs for events other put on etc.
So if it is such a risk or bad idea why are the club looking at a joint venture to do such things at BPA. Crfc will want their costs covered before profits are split. It might be belated but if it's true I view it as something positive
A joint venture spreads the risk/loss potential but it also spreads the rewards/ return.
There is another benefit - actually being seen to be active by the local and business communities - drawing potential opportunities for other incomes.
If a source doesn't work don't do it - you manage it rather than a throw mud at a wall approach. Are there reasons for doing some things knowing that despite not greatly profitable there are other rewards.
If such set ups are fraught with risk and losses why do so many organisations/people do it. Why is it so competitive
Get someone in who knows what they are doing, franchise it out if necessary, pay based on results whatever.but don't sit there and say we need other incomes and do nothing.
If we owned our own stadium there would still be significant costs to cover and risks of failure
Or we carry on with what is and the success that is.