You are claiming we've lost 120m since last season
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Transfers Summer 2020 Transfer Thread
- Thread starter The Fighting Cock
- Start date
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'A pretty good estimate' - ok then, colour me convinces
Sorry mate - not buying that
Not mention the waste millions by haggling over a shirt-sleeve deal and the failed naming rights fiasco. That is where real losses have occurred not selling boxes to fat tarquins
Unless we have full capacity at the start of the season it's going to be many more than 6 matches. There were also a good amount of concerts and other events cancelled, all which bring in significant revenue. The club has likely lost somewhere in the range of £35m thus far and that number will likely be closer to £100m combined for last season and this upcoming one. I also assume there will be a small hit to commercial for non-CL participation, not to mention much lower TV revenues.
As I said earlier in this thread, even with all the challenges, Levy can still spend £75m net without much of a financial risk if he makes some baseline assumptions (half stadium revenue for the financial year, making EL playoffs), and that's not even betting on CL football next season. The current situation significantly hampers Spurs, more so than it does United, City and Chelsea, but it by no means bankrupts us since the clubs debt is so manageable.
The club made £82m at Wembley with an average attendance of 67k. This isn't a wild guess, there's tons of data and information available saying the club will be making more than Woolwich at the new stadium, and considering that food/drink far outstripped expectations, combined with other events, it would be significantly more.
The majority of their revenue is from commercial deals (i.e. their pull as a global brand compared to other teams). Dent everyone's matchday earnings due to the lockdown and they still bring in a huge amount this way compared to everyone else.
Here's a helpful tweet from last year by the Swiss Ramble to illustrate this perfectly:
The majority of their revenue is from commercial deals (i.e. their pull as a global brand compared to other teams). Dent everyone's matchday earnings due to the lockdown and they still bring in a huge amount this way compared to everyone else.
Here's a helpful tweet from last year by the Swiss Ramble to illustrate this perfectly:
Here's a comparison of the big 6 clubs - United is a Commercial monster.
So basically 6 empty games this season haven't cost us 120m - thanks for clarifying
So let's assume this ridiculous logic of yours is true and we made half their revenue
Do you then agree we should have their transfer budget?
Unless you have cold hard data to show what we pulled during Covid vs them - this whole narrative of us going skint last 3 months is ridiculous
I hope we sign Hojbjerg & KWP ends up at Fulham, Fuck Southampton!
Not at all.
1. Loss of match day revenues
2 Loss of corporate hospitality
3 loss of food and drink sales (both match day and from other events at stadium)
4. Loss of (new) exhibition & conference business
etc.
Conservatively more than £200m lost income (unless people back into stadiums from September/October)
How on Earth is what I've said and the actual financial figures I presented you with 'ridiculous logic'?
And even then, unless you've worded that wrongly, why would we have a transfer budget on par with a team that has double the operating revenue that we do?
So to be clear - you're suggesting we've lost 200m since March as a result of Coivd
You've posted some stats looking to show Utd made double our revenue in 18/19 - what else are you looking to prove by that?
Those gifs remind of someone else...
Okay, I see you've given yourself carte blanche to bitch about this until the next end of fiscal year accounts come out. Good to know.
... I'm looking to prove that United obviously make a massive amount outside of simple PL TV and matchday revenue - not just higher than us but higher than everyone else. You asked me before about what I meant when I said they were essentially 'corona-proof' (there'll have been an impact but a proportionally smaller one) compared to us and that's it.
You need to understand that businesses run on what they can see in the near term future, not just the last 3 months.
So nobody has ever said we lost £120m (or any other large number) in 3 months or 6 games. Everybody is concerned about the near term future which determines our financial wellbeing.......
Please read the posts or dont bother replying
I doubt that there will be a viable vaccine before November at the earliest. Full attendance at any game won't be guaranteed until the spring most likely. . In this particular case, I really am ITK. I have friends and colleagues at both Oxford and Imperial who are working extremely hard to bring this about. England is leading the world in this research so hopefully we'll be amongst the 1st to benefit from it.