Greasy Chap Butty
Not even a fish
- Joined
- Oct 4, 2018
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Ok, let's do some maths. You've said fan income is one of our biggest sources of revenue, so this new stadium has to help.Don’t need to, plenty of clubs and banks have done it already! But you obviously know better![]()
So. We take the suggestion and spend £450m on a new stadium. Attendance rockets to 40k, all on season tickets at £400. That's £16m a year. Brilliant.
Now what about that £450m. Let's say it was an interest free loan, from a nice bank. At £16mincome from all the season ticket money, it will be paid off in 28 years. But the club gets no ticket income.
Let's say, rather than a freebie, the bank gives us a great rate of 4% a year on this loan. That's £18m just interest. So we the club has to fund £2m per year, and no ticket income, and the debt never reduces.
So, rather than say 'other people do it' , if you can explain even roughly how it adds up.
I might have the wrong end of the stick, in which case I'll change my mind.