A question I have about this financial set-up is if we're paying the council a security fee of £4m-£6m, then doesn't that significantly reduce the profit we would be making p/a from moving stadium?
Sort of takes away one of the main reasons for moving.
Sorry if this has already been asked.
You have to take into account what Moshiri is doing in creating revenue streams mate, for example in the last 12 months he has created a 75mill sponsorship deal to sponsor things that previously have never been sponsored like our sleeves and training ground. That deal is worth 15mill a year, the reported liability of the stadium is 14.4mill annually (i actually think thats likely to be higher).
In that context he has already provided new sponsorship to meet the outgoing of the new ground annually in the last 12months that previously didn't exist. In essence the stadium liability annually is being paid for by sleeve and training ground sponsorship.
Its also worth noting before our debt was cleared we were paying back between 7-10 mill a year in loan management that is now not an issue. We are a business with a turnover of over £120 mill a year and growing annually.
When you look at additional revenue streams like, increased capacity, corporate facilities, during the week conference facilitates, staging events, naming rights and possibility the sale of Goodision.
Its very likely the whole liability will be met without any stress to current perimeters, in fact its likely to be a money spinner.
