without a dream said:
flipmode said:
If the consultation is going to be done with a view to starting the building by January, that doesn't leave long for an extra tier to be added by the start of 2015-2016 season (I'm guessing?).
Now, even I would have questioned the legitimacy and feasibility of this being completed on time, but, having seen the speed of which the CFA is being constructed, I have no qualms as to this being built to whatever timeline we put in place.
The idea of a gradual increase of the capacity is also a good thing IMO. If the majority of the 6,000 are put for these "cheap seasoncards" it would then make sense to add 6,000 on the family stand at a later date and do exactly the same. 12K x £300 = £3.6M.
I can't wait.
That's a nothing amount though on a £50m investment, the gain from the club would be based on improved and expanded corporate facilities I would imagine.
Sorry mate, £3.6 million a year on an investment of £50 million is 7.2% a year, which is a really good investment.
You can even change that about a bit and put 10,000 £300 season tickets at £3 million a year, then change the leftover 2,000 normal seats to a pair of mid-range (Call it x) and high-range (Call it y) hospitality areas for 500 and 100 people respectively. Charge £110 for one of the 500 seats over 19 home matches and you get (110 * 500) * 19 = £1.045 mil a year for x suites. Charge £600 for one of the 100 seats over 19 matches and you get (600 * 100) * 19 = £1.14 mil a year for y suites.
We can also assume that every normal seat will spend money in City Square and in the ground, say an average of £4 in City square (Because not everyone goes) plus £8 in the ground. That's an extra £2.28 million a year counting those 10,000 fans not in hospitality.
I've got no inside knowledge on what they're doing, how much it'll cost, how much tickets will be, how much supplies will cost etc. but this little exercise has the club earning an extra £7.465 million a year on a £50 mil investment, or 14.93% which is absolutely massive in investment terms.