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Half Year Results (to Dec 2010) published

Discussion in 'Watford' started by aberdeenhornet, Mar 28, 2011.

  1. NZHorn

    NZHorn Well-Known Member

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    I really don't understand football club accountancy. It doesn't seem to follow normal accountancy rules. The first requirement for owning a club is to have a large fortune but really desire a small one. Or, in the case of Baz, want to help your friends reduce theirs.
     
    #21
  2. oldfrenchhorn

    oldfrenchhorn Well-Known Member
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    The solicitors for WFCL moved office from Castle Street, High Wycombe to the Oxford Road address. Not too sure exactly when, within in the last two years though, so might be very recently. They show the offices on their web site, so may have taken the whole building on.
     
    #22
  3. oldfrenchhorn

    oldfrenchhorn Well-Known Member
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    #23
  4. COYH

    COYH Member

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    Spoiler alert..... don't read on if you don't want to know the answer to OFH's little quiz.



    Ticketus

    Always worried when a company we're doing business with doesn't appear to have a website. Look at http://www.principlefirst.co.uk/investments/octopus-vcts/ for something about the business model (which shows we are not alone, phew)

    EXAMPLE COMPANY – TICKETUS
    THE BUSINESS

    The Ticketus business model is based on purchasing an allocation of tickets for an event, up to two years in advance. (An example of this will be season tickets for English Premiership Football Clubs.)

    Event organisers receive a discounted price versus face value for their tickets in return for an immediate level of ticket sales. Ticketus is then able to sell the tickets on to the general public at face value, to mitigate the potential distribution risk. The event organisers will distribute this portion of tickets first through their normal distribution channels, which allows Ticketus to recover its original investment, plus a margin.

    Ticketus only buys tickets for well established, long running events that regularly sell out. It only buys a portion of the tickets available, and ensures its tickets are sold ahead of other stocks available. By buying in bulk and in advance, Ticketus is able to purchase at a discount to the price at which it intends to sell the tickets.​
     
    #24
  5. oldfrenchhorn

    oldfrenchhorn Well-Known Member
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    So how does the statement "Ticketus only buys tickets for well established, long running events that regularly sell out." fit in with WFC?

    Even Man U use them it seems. :(
     
    #25
  6. hornethologist a.k.a. theo

    hornethologist a.k.a. theo Well-Known Member

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    Very cloak and dagger all this stuff. Perhaps we are really being taken over by MI5. Football secret agents anyone?
     
    #26
  7. oldfrenchhorn

    oldfrenchhorn Well-Known Member
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    #27
  8. Leo

    Leo Well-Known Member

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    Yes - just don't hold your breath
     
    #28
  9. Norwayhornet

    Norwayhornet Well-Known Member

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    Maybe we could have a new inflatable stand :) like a big bouncy castle:)
     
    #29
  10. Leo

    Leo Well-Known Member

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    If they put that in I would make the 500 mile round trip for every match :)
     
    #30

  11. aberdeenhornet

    aberdeenhornet Well-Known Member

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    That's it unconditional. Chapter 36
     
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