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New City Pub To Open Inside the Stadium
- Thread starter alib
- Start date
Prestwich_Blue
Well-Known Member
I'm recoved from 18 hours travelling yesterday and hooked up to wi-fi so I've had a look while I've got a few minutes. Very interesting this as in 2013, we restated the 2012 accounts. In the original 2012 accounts we showed matchday revenue of £21.8m and commercial revenue of £121.1m. The following year the comparative figures for 2012 had been changed to £35.5m for matchday revenue and £107.5m for commercial revenue. My assumption is that we reclassified matchday hospitality from commercial to matchday income in the 2013 FY and therefore changed the figures. If that's the case, we've got a great insight into those revenue streams for 2012 as we know that hospitality income was £13.7m in 2012. That was 38.4% of overall matchday revenue under the combined numbers.Have a look yourself mate. There isn’t much available for the remainder of the season. Maybe they have decided on a low margin to keep them full. Looking at some of the prices though I would hardly imagine them as low margin. Do you know how much of our match day income comes from corporate?
Someone else may know better than me but I'm going to assume general admission prices (and therefore revenue) have increased 50% since 2012, meaning they're standing at £33m for 2019. They restated commercial income due to different accounting treatment of the F3 contract revenues but under the old system total revenues would have been £58m for matchday, meaning hospitality was £25m under my assumption, making it 43% of matchday revenue overall.
Remember that United's is around 60% so general admission is 40%. If we compute similar proportions to United and general admission (40%) is £33m, then comparable hospitality revenues would be around £50m, which is double what it is at the moment. Even if we assume that £58m for 2019 is split 50/50, £29m general admission and £29m hospitality, then applying that 40/60 split and extrapolating hospitality from there, wwould give a lower figure of £43m for hospitality and that, added to the £29m for general admission, would put us level with Liverpool. That sounds about right so if United's split is right then we're "losing" £14m potential hospitality revenue comapred to them.
Hope that makes sense. If it does, it seems to support my argument that our margins on hospitality are relatively low.
Chippy_boy
Well-Known Member
The Fuck Var Bar.
Yeah they look good. Maybe do same in other corner?I think they are to the side. Years ago we used to have 3 rows in the corner. Notice the two new mini gene Kelly stands yesterday.
Saddleworth2
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It does make sense but how comfy are you with your assumptions? Either our pure numbers are less than United or they are able to get more per head in revenue than us. It is interesting though. The fact that we are playing the best football on the planet should mean we attract numbers of corporate and should be able to charge at least the equivalent of United. I wonder what the answer is.I'm recoved from 18 hours travelling yesterday and hooked up to wi-fi so I've had a look while I've got a few minutes. Very interesting this as in 2013, we restated the 2012 accounts. In the original 2012 accounts we showed matchday revenue of £21.8m and commercial revenue of £121.1m. The following year the comparative figures for 2012 had been changed to £35.5m for matchday revenue and £107.5m for commercial revenue. My assumption is that we reclassified matchday hospitality from commercial to matchday income in the 2013 FY and therefore changed the figures. If that's the case, we've got a great insight into those revenue streams for 2012 as we know that hospitality income was £13.7m in 2012. That was 38.4% of overall matchday revenue under the combined numbers.
Someone else may know better than me but I'm going to assume general admission prices (and therefore revenue) have increased 50% since 2012, meaning they're standing at £33m for 2019. They restated commercial income due to different accounting treatment of the F3 contract revenues but under the old system total revenues would have been £58m for matchday, meaning hospitality was £25m under my assumption, making it 43% of matchday revenue overall.
Remember that United's is around 60% so general admission is 40%. If we compute similar proportions to United and general admission (40%) is £33m, then comparable hospitality revenues would be around £50m, which is double what it is at the moment. Even if we assume that £58m for 2019 is split 50/50, £29m general admission and £29m hospitality, then applying that 40/60 split and extrapolating hospitality from there, wwould give a lower figure of £43m for hospitality and that, added to the £29m for general admission, would put us level with Liverpool. That sounds about right so if United's split is right then we're "losing" £14m potential hospitality revenue comapred to them.
Hope that makes sense. If it does, it seems to support my argument that our margins on hospitality are relatively low.
Saddleworth2
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Another thought. When are revenues from the tunnel club included in our numbers. Surely that would have caused a significant uplift in our hospitality revenue.I'm recoved from 18 hours travelling yesterday and hooked up to wi-fi so I've had a look while I've got a few minutes. Very interesting this as in 2013, we restated the 2012 accounts. In the original 2012 accounts we showed matchday revenue of £21.8m and commercial revenue of £121.1m. The following year the comparative figures for 2012 had been changed to £35.5m for matchday revenue and £107.5m for commercial revenue. My assumption is that we reclassified matchday hospitality from commercial to matchday income in the 2013 FY and therefore changed the figures. If that's the case, we've got a great insight into those revenue streams for 2012 as we know that hospitality income was £13.7m in 2012. That was 38.4% of overall matchday revenue under the combined numbers.
Someone else may know better than me but I'm going to assume general admission prices (and therefore revenue) have increased 50% since 2012, meaning they're standing at £33m for 2019. They restated commercial income due to different accounting treatment of the F3 contract revenues but under the old system total revenues would have been £58m for matchday, meaning hospitality was £25m under my assumption, making it 43% of matchday revenue overall.
Remember that United's is around 60% so general admission is 40%. If we compute similar proportions to United and general admission (40%) is £33m, then comparable hospitality revenues would be around £50m, which is double what it is at the moment. Even if we assume that £58m for 2019 is split 50/50, £29m general admission and £29m hospitality, then applying that 40/60 split and extrapolating hospitality from there, wwould give a lower figure of £43m for hospitality and that, added to the £29m for general admission, would put us level with Liverpool. That sounds about right so if United's split is right then we're "losing" £14m potential hospitality revenue comapred to them.
Hope that makes sense. If it does, it seems to support my argument that our margins on hospitality are relatively low.
Prestwich_Blue
Well-Known Member
Think it's been in for at least the last 2 seasons. But people in there have probably come from other premium areas. I know someone who was invited to swap 4 tickets in one expensive area for 2 in the TC. So it's not new money I suspect.Another thought. When are revenues from the tunnel club included in our numbers. Surely that would have caused a significant uplift in our hospitality revenue.
Saddleworth2
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That’s some business model. The other corporates still seem to sell out though so it can’t all be incestious.Think it's been in for at least the last 2 seasons. But people in there have probably come from other premium areas. I know someone who was invited to swap 4 tickets in one expensive area for 2 in the TC. So it's not new money I suspect.
Prestwich_Blue
Well-Known Member
I'd be comfortable with something close to a 50/50 split between the two.It does make sense but how comfy are you with your assumptions? Either our pure numbers are less than United or they are able to get more per head in revenue than us. It is interesting though. The fact that we are playing the best football on the planet should mean we attract numbers of corporate and should be able to charge at least the equivalent of United. I wonder what the answer is.
The point is, do we care? Every penny counts of course but other revenue sources dwarf match day, even CL, and we aren't struggling with FFP any more.
Saddleworth2
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I'd be comfortable with something close to a 50/50 split between the two.
The point is, do we care? Every penny counts of course but other revenue sources dwarf match day, even CL, and we aren't struggling with FFP any more.
it’s just an interesting subject mate. I like to understand how the club works from a business perspective. At the macro level it just looks so well controlled and well run. The numbers are almost a straight line graph upwards. Just sustainable, consistent growth. Overtake the neighbours next season, maintain small profit and everything else just increases the clubs worth. God alone knows where we will be in another 10 years.