New boy wants to share his playground!

[MKFox]

we lost our identity when we left filbo.
Groundshare is a great idea financially.

 

[Yorkshire Vixen]

spot on mk!!! :icon_wink

 

[Leesoh]

My main concern is with non-match day revenue. At the moment we have this all to ourselves, as do the Tiggers with Welford Road. There is no guarantee that the groundshare would have people flocking to use the stadium for conferences etc, and at busy times, like Christmas, this could be reduced along with the number of rooms available for hire. On top of this, our share of this revenue would be halved. A great money spinner for the Tiggers, but not for us.

Whilst we are paying against a debt, there is the short-term fix because we are reducing our outgoings, but with no increase in the income. Or that's the way it looks to me. I raised this at the open meeting the club had to discuss this, and didn't get an answer.

My other concern is that any JV is liable to fold. If worse came to the worst, who would get priority over the stadium? Would we be vulnerable to being thrown out by the Tiggers? Even from their side, they sell Welford Road, move to the WS, it all goes sour and we get the stadium, where do they go?

Too many complications for my liking.

 

[PFKAKTF FOX]

To progress and develop from where we are now, as a club we are going to have to make tough decisions and compromises in an attempt to boost revenue sources.

I dont have a problem with it myself, the marketing opportunities and the national coverage our stadium would generate in such an agreement would definately benefit the club in the long term. This is an opportunity to increase revenue sources, put the stadium on the map and for it to help both clubs develop.

We have to be prepared that to generate increased funds and to help the club move onto the next level, and if the groundshare means it not only helps to secure our future but also helps the club progress, then too be honest I could not give two fecks who is sitting in my seat every other saturday.

 

[PFKAKTF FOX]

My main concern is with non-match day revenue. At the moment we have this all to ourselves, as do the Tiggers with Welford Road. There is no guarantee that the groundshare would have people flocking to use the stadium for conferences etc, and at busy times, like Christmas, this could be reduced along with the number of rooms available for hire. On top of this, our share of this revenue would be halved. A great money spinner for the Tiggers, but not for us.

Whilst we are paying against a debt, there is the short-term fix because we are reducing our outgoings, but with no increase in the income. Or that's the way it looks to me. I raised this at the open meeting the club had to discuss this, and didn't get an answer.

My other concern is that any JV is liable to fold. If worse came to the worst, who would get priority over the stadium? Would we be vulnerable to being thrown out by the Tiggers? Even from their side, they sell Welford Road, move to the WS, it all goes sour and we get the stadium, where do they go?

Too many complications for my liking.

Truth is Lee, the Tigers would more than likely increase national attention to the stadium, as long as we are stuck in the championship, the club and the stadium recieves little media coverage and is pretty much out the public limelight, by having this groundshare with arguably one of the biggest club rugby sides in Europe it will enhance the reputation of the facilities and the open new revenue sources in terms of sponsors etc.

The national coverage the Tigers recieve in terms of live matches is far greater than we can generate at present, and we get a financial boost as well.

I would have thought that individual matchday revenue would remain the individual clubs, the joint revenues would be shared from non match day events which too be honest are pretty much non existant at present, so maybe with the additional press coverage and backing the Tigers have could actually increase non match day revenues. IMO it is a win - win scenario for both parties.

 

[Durham Fox]

From a purely emotional point of view I am dead against it but I can see the benefits to the club. Tricky.

 

[Leesoh]

Truth is Lee, the Tigers would more than likely increase national attention to the stadium, as long as we are stuck in the championship, the club and the stadium recieves little media coverage and is pretty much out the public limelight, by having this groundshare with arguably one of the biggest club rugby sides in Europe it will enhance the reputation of the facilities and the open new revenue sources in terms of sponsors etc.

The national coverage the Tigers recieve in terms of live matches is far greater than we can generate at present, and we get a financial boost as well.

I would have thought that individual matchday revenue would remain the individual clubs, the joint revenues would be shared from non match day events which too be honest are pretty much non existant at present, so maybe with the additional press coverage and backing the Tigers have could actually increase non match day revenues. IMO it is a win - win scenario for both parties.

I disagree. The WS already is used on non-match days, and I can't see the frequency changing that much.

The resource there is also finite. At present, both clubs have a certain number of rooms available, this would decrease once Welford Road was vacated. Welford Road, being smaller and cheaper, attracts a level of corporate or private user below what the WS attracts mostly due to the cost I would guess. If Tiggers moved here, then it is highly unlikely that a company holding it's AGM at WR would use the WS, especially when the rooms are already more expensive and both clubs are trying to maximise income. You would be losing the little bits in the hope that you get the big fish that comes around less frequently. I wouldn't do it.

As for sponsorship, the last time this was mooted, the individual clubs would be responsible for their own matchday sponsorship, leaving just the 'branding' of the stadium and the stands. Unless the arrival of the Tiggers attracts big name sponsors, then there's no benefit. Is sponsorship for top club level rugby union really going to be that much more than Championship football? I don't think so. The Tiggers might be the Manure of rugby, but it doesn't generate as much income or interest as football.

 

[fcukcov]

From a purely emotional point of view I am dead against it but I can see the benefits to the club. Tricky.

I feel exactly the same, however Im sure whatever we think if they want to do it they will.

 

[Melton Fox]

When you buy a box at the WS it is your all season for your own personal use at your own convenience i.e. Your office, meetings etc on matchday and office hours

Who would get this if a box is shared?

 

[PFKAKTF FOX]

What we also have to bear in mind is that the board and the new chairman will be in possession of all the facts and figures, where as us mere supporters are debating based on our own opinions of how this arrangement would work.

Remember Andrew Taylor is no mug, he has been CEO of McDonalds, so if he has looked over the detail of the deal and believes it is worth reopening dialogue then I think we have to trust him, that the decision would be in the best interests of Leicester City Football Club and that the deal would help and not hinder the clubs plan for progression.

 

[fcukcov]

Dont know whether this has been said before but did he leave McDonalds on good or bad terms? Is there a possibility of a future sponsorship deal with them arranged through his contacts? Just an idea.

 

[Joe_Fox]

NO!!!!!!!!!!!!! Feck off you egg chasing, kick and clap tossers.

 

[Melton Fox]

NO!!!!!!!!!!!!! Feck off you egg chasing, kick and clap tossers.

Despite the fact this post was up to your normal standard. I do have to stand back and admire it

 

[Leesoh]

When you buy a box at the WS it is your all season for your own personal use at your own convenience i.e. Your office, meetings etc on matchday and office hours

Who would get this if a box is shared?

It is for the season, and you can use it whenever you like, within reason. A large number have been furnished and even decorated to the lease-holders tastes. This will have to change, I guess, unless you want a box for both clubs.

 

[Leesoh]

Dont know whether this has been said before but did he leave McDonalds on good or bad terms? Is there a possibility of a future sponsorship deal with them arranged through his contacts? Just an idea.

He told the FCC that the reason he left was his own decision, and although he never said if it was good or bad terms, he didn't suggest it was the latter.

 

[Leesoh]

I'm clarifying things. :icon_roll

 

[Melton Fox]

Sorry Lee, I deleted my post at the same time you replied to it

 

[Boy Genius]

I am dead against it..... to a point where I would stop going down.

£8M is a rip off price for half the stadium ownership. It cost over £30M to build so I would expect a big slice of that for what they want, or did want. They should have approached us to share when the stadium was in concept....

I thought at the moment we rented the ground from Teachers, with full options to buy in the future. I have heard it said that if we have eight seasons in the premiership in the next 50 years the ground would be ours outright. The last 50 years we have been in top flight football for much more than that, so I say we stay as we are.
If the board are high flying business men as they claim to be, they should know all these facts, they should also know if you share something you cannot always do what you want to in the future......

 

[Real Sharapova]

Always was in favour. One point nobody has mentioned is that if the tiggers redevelop their ground, they will have conference facilities on a par with ours, and therefore our income is likely to fall. From a commercial viewpoint it makes 100% sense. Some of our supporters berate the board for not generating enough money in order to improve the squad, but when a ground share is brought up they say no. Seems to me a case of double standards. BTW, Reading's form doesn't seem to have suffered due to their pitch having more wear and tear on it.

 

[Real Sharapova]

I thought at the moment we rented the ground from Teachers, with full options to buy in the future. I have heard it said that if we have eight seasons in the premiership in the next 50 years the ground would be ours outright. The last 50 years we have been in top flight football for much more than that, so I say we stay as we are.

We own the ground at the moment, and have a hire purchase liability to Teacher's of circa £16,000,000, the problems is at the moment we are not paying enough to reduce the liability year on year. I believe that the plan was for a separate 50/50 company to buy the Walker's and refinance at more favourable terms. The tiggers would pay us a lump sum at that time, although I am not sure anyone has confirmed what that would be. The big advantage for me is that we would be halving a hell of a lot of our expenditure in one stroke. If anyone else has come up with another idea to revitalise our finances in such a fashion, I've yet to hear it.