Bugsy
Well-Known Member
NEWS: Doug King's End of Season message
Owner and Executive Chairman Doug King has written an end of season message at the conclusion of the 2023/24 campaign - read it below:
Not many posters on here can say that about their partners.Basically, he cares. Not many football fans can say that about their owner.
You an insider? Spill the beans.Really upbeat and worth reminding us all how much the club has stepped on.
Interesting hint at developments at the CBS too- assuming safe standing but wonder what else is to come?
Funny you should say that i was at the Red Lion in Hunningham on Sunday and speaking to a guy who part owns the connextion and he said its up for sale as he is retiring. His house also up for sale and looking for a quick get out to move to Spain.Be good to aquire the Connexion at Ryton and the remaining land if it makes financial sense of course
Absolute bolloxFunny you should say that i was at the Red Lion in Hunningham on Sunday and speaking to a guy who part owns the connextion and he said its up for sale as he is retiring. His house also up for sale and looking for a quick get out to move to Spain.
He's already made a big difference in a short period of time.
Signing young players on 4 year contracts and not selling them for peanuts at the first opportunity is refreshing. As is the improvements to the training ground.
The money spent has been made from the sales of Gyok and Hamer, so we've been financially prudent and not risked our future by over commiting (take note Hull)
I wonder what Sisu must be thinking?
Why?Absolute bollox
Because Mike and Des who owned the lease and ran the Connexion for 40 years or so only sold the lease about a year ago to an Indian businessman who has his own plans for the site. The Connexion earns its money from mostly boxing events and Indian weddings and he has his own plans to expand for bigger Indian wedding events. The actual sole owner of the site lives South of the equator....certainly not in your local pub in Hunningham.Why?
It was last sold in 2017 that’s 7 years ago.Because Mike and Des who owned the lease and ran the Connexion for 40 years or so only sold the lease about a year ago to an Indian businessman who has his own plans for the site. The Connexion earns its money from mostly boxing events and Indian weddings and he has his own plans to expand for bigger Indian wedding events. The actual sole owner of the site lives South of the equator....certainly not in your local pub in Hunningham.
Everyone else is raising their prices so expect the sameLots of positive comments, seasons ticket prices haven’t been announced yet though that might change the tone
I expect a rise as long as it’s not too much.
In relation to the stadium, if only Doug had arrived a few weeks earlier.
in fairness, Frasers are improving lots of things.
Frasers have been really good tbh.In relation to the stadium, if only Doug had arrived a few weeks earlier.
in fairness, Frasers are improving lots of things.
Frasers have been really good tbh.
Forgive me if I'm wrong, maybe I don't fully understand these things, but there's no real financial benefit to the club to own the stadium currently is there?
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It needs running by people who know how to run venues like that so they don’t go the way of Wasps.Frasers have been really good tbh.
Forgive me if I'm wrong, maybe I don't fully understand these things, but there's no real financial benefit to the club to own the stadium currently is there?
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TBH don’t know about the financial benefit of the club owning the stadium. You would have to think there must be some financial benefit though - else why did Frasers but it. They did pay, and Doug would also have only paid, peanuts for it though in reality, given the 999 year lease.Frasers have been really good tbh.
Forgive me if I'm wrong, maybe I don't fully understand these things, but there's no real financial benefit to the club to own the stadium currently is there?
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People talk about stadiums as if they are money makers but how many teams actually profit from stadium ownership. Ours has more events than most and still loses millions a year and wasn't there something like £40m in maintenance due when Frasers took over.The stadium thing has been on my mind a bit recently. It only becomes worth it really if it is turning a profit, or there is a clear vision for how spending 100% (or more, making a loss!) of the revenue will drive in more revenue over time.
I'd seen it suggested at way less than 40m, but I agree - it's unclear to me how many clubs actually have a profitable or cost-neutral stadium operation.People talk about stadiums as if they are money makers but how many teams actually profit from stadium ownership. Ours has more events than most and still loses millions a year and wasn't there something like £40m in maintenance due when Frasers took over.
If you can get the right deal then I don't think there's really a benefit in ownership other than long term security but even that isn't an issue with the right deal.
Correct, I think the local pub in Hunningham must sell some very strong beverages!Because Mike and Des who owned the lease and ran the Connexion for 40 years or so only sold the lease about a year ago to an Indian businessman who has his own plans for the site. The Connexion earns its money from mostly boxing events and Indian weddings and he has his own plans to expand for bigger Indian wedding events. The actual sole owner of the site lives South of the equator....certainly not in your local pub in Hunningham.
To be honest I'd rather the investment in the stadium came from a third party. If the club owned it it would have the problem of how to pay for the backlog of maintenance + necessary improvementsIn relation to the stadium, if only Doug had arrived a few weeks earlier.
in fairness, Frasers are improving lots of things.
Let’s say we got the stadium for free tomorrow. It’s still losing money and you need an events team, maintenance, PR etc all working to keep it going to generate revenue in the hope you make a profit. Best left to someone else IMO.People talk about stadiums as if they are money makers but how many teams actually profit from stadium ownership. Ours has more events than most and still loses millions a year and wasn't there something like £40m in maintenance due when Frasers took over.
If you can get the right deal then I don't think there's really a benefit in ownership other than long term security but even that isn't an issue with the right deal.
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