Grendel
Well-Known Member
The statement James quotes shows actual revenue not profit so it says the revenue from match day receipts was £3.3 million and catering was around £87,000 so that is 25 pence per person per game.
OK. Could've sworn it was football revenues in cash as it were, plus the rest for FFP. But I honestly can't remember.
So F&B at the Ricoh is slightly more profitable than at HR then? (until we get Grendel's explanation). If we made £100k on 9k average crowd as opposed to £84k on 14k crowds?
Maybe pies just aren't that profitable?
Don't know why but I reckon we had done something similar to the RICOH and farmed out to COMPASS or the like.
They didn't off revenues plus £400k rent. They offered to cross invoice to allow for ffp according to the q and a and even that woad subject to agreement of Compass.
12: £100,000 has been publicised as the value of food and beverage income – is this 50% of the profits i.e. ACL’s half from the EIC joint venture?
ACL: In principle – we have all accepted that more work is needed on the detail of this, and it needs to be agreed with ACL’s contracted partner Compass, so it is not simply in ACL’s gift. Of course match-day income is also influenced by attendances, these we have seen drop from an average of 13,126 in 11/12 to a current year to date average of 9,259
Match-day F&B Turnover in 11/12 season was £1,010,992, with Nett Profit of £119,903.
ACL would be willing to give CCFC full details of the F & B accounts and were prepared to go open book and even allow CCFC to use the revenue figures in the clubs FFP calculations?
I still can't believe they only make c10% profit on F&B's, that's very poor and way below what pubs and restaurants would be aiming for.
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Can't help thinking there is a major problem with that figure of over 1m and yet just over 10% profit?
But what do I know...I'm a moron
There you go lazy F**k......Click on "Show" for attendance figures for game. Then add 'em up yourself...........en.wikipedia.org/wiki/2003–04_Coventry_City_F.C._season
OK. Could've sworn it was football revenues in cash as it were, plus the rest for FFP. But I honestly can't remember.
So F&B at the Ricoh is slightly more profitable than at HR then? (until we get Grendel's explanation). If we made £100k on 9k average crowd as opposed to £84k on 14k crowds?
Maybe pies just aren't that profitable?
Tim Fisher in Fisher answers big questions said:So, as I say, we feel we are very close to an agreement on rent but we have to be able to access those matchday revenues. If we don’t, the playing squad will suffer and we will be placed into a downward spiral. People may say food and beverage revenues are not very significant but in the final year at Highfield Road, they amounted to more than £1million.
I've found Tim's actual quote from the CCFC website where Tim Answers "Big Questions"
http://www.ccfc.co.uk/news/article/tim-fisher-qa-673570.aspx?pageView=full#anchored
So we took a million in our final year at HR wonder how much profit we made on that given the profit figures for 2003/4.
I didn't pick that year it was one that came up when I was looking up stuff on the web to do with the Higgs.The point I assume of this latest thread is to discredit the argument revenues from these sources is required
Pretty much every independent analyst would disagree with this. As an attempt to back up the argument a season is picked where it is suggested the average revenue gained is around £85,000 spread across 335,000 paying customers. No one seems to actually question this when its obvious this cannot be true of a club in charge of its own catering on matchdays.
All the accounts figures you quote are revenue not profit.
A subsequent statement comments that the club have now been offered such revenues whereas actually they have not.
http://www.skybluetrust.co.uk/index...ticle/227-full-version-of-qaa-to-acl-and-ccfcSBT Q&A said:ACL: In principle – we have all accepted that more work is needed on the detail of this, and it needs to be agreed with ACL’s contracted partner Compass, so it is not simply in ACL’s gift.
I said that we took a million in our final year as stated by Tim and wondered how much of that was profit. Are you saying we made 86k revenue at HR in 2003/4 or just backing up the fact that I only mentioned revenue and asked about profit (if so very nice of you, but not really needed)?
The article puts the food figure along with matchday ticket sales so its a very strange article if it says the clubs revenue from ticket sales is x and then reverts to profit for another item.
If you believe its profit why quote this at all when the club have constantly maintained revenues are a key driver? The figure is irrelevant.
Highfield road also is a totally irrelevant comparison. I can well believe that a million was takes that's around £3 per paying customer but the club sub contracted a lot if the catering out. In the concourse in the Main Stand for example the catering was an independent burger van that was outside the ground before being moved in when the gates opened. The facilities inside were too limited.
Also as stated the club subsequently have not, as stu has pointed out, actually been offered access at all to such revenues certainly not to my knowledge.
This thread indicated or at least suggests that the revenues are "worth" only around £85,000 or 25p per customer. This is nonsense isn't it?
Absolutely brilliant comeback James Ooooooooooooooooossshhhhhhhhhhhhh. crash and burn Grenduffy lmfao.
Grenduffy..How many people attended Highfield road in total that season?......................................................................Come on, don't be a lazy F**ker again, do your own research.
There you go lazy F**k......Click on "Show" for attendance figures for game. Then add 'em up yourself...........en.wikipedia.org/wiki/2003–04_Coventry_City_F.C._season
Well what interested me was Tim quoted a million revenue two seasons later, the last one at HR and if the figure I quoted in the first post was profit then that sort of makes sense. If it was revenue then then the sales were more than seriously crap as you say at 25p per supporter and there was a massive jump between the seasons and I wondered what the explanation for that was? Also can you explain what the word Gift means in the SBT Q&A if not cash?
They mean it's not simply in their power to sell, other parties are involved.
http://www.skybluetrust.co.uk/index...ticle/227-full-version-of-qaa-to-acl-and-ccfc
I assumed from the statement that the word gift implied that ACL had offered actual cash as if it was just cross invoicing then why would they need to get the agreement of Compass? I may be wrong and am happy to be corrected if anyone actually has seen the offer.
"It's not in my gift" is just a saying, meaning that it is not in their power to just agree that I.e. Without agreement from compass.
A cleverly worded answer which i suspect you've taken literally.
Of course they would need the agreement of their partner and shareholder compass to cross invoice.
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
"It's not in my gift" is just a saying, meaning that it is not in their power to just agree that I.e. Without agreement from compass.
A cleverly worded answer which i suspect you've taken literally.
Of course they would need the agreement of their partner and shareholder compass to cross invoice.
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
Okay so theoretically they were prepared to discuss things with Compass but nothing had been confirmed. That makes sense, more sense than leaving an offer for the Higgs half of ACL so late that ACL had already set up this joint venture.
If food and beverage income is so irrelevant, why don't ACL hand it to the club?
And how come Compass paid millions for the contract?
You are so badly informed, Compass contract was for much much more than catering. 10 seconds on google & I found details.
http://www.catererandhotelkeeper.co...5m-deal-at-coventry-city-fc-s-ricoh-arena.htm
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