so newcastle have offered the fans a "10 year price freeze season ticket" from what i know about agent ashley this looks like a cunning plan to get everyones bank details guaranteeing payment for the next ten years and then sell anyone that's any good and make a lot of money for himself, and the fans will be able to do bugger all because they have signed up for ten years. i for one would not buy a used car from this man!
it would appear that the report i read earlier was a little ambiguous and i am not sure now about the validity of the above claim that they have to sign up for ten years.
Dick, you may have been a little precipitous around signing up for 10 years, but as I understand it they HAVE to wear the official NUFC snood
I recon agent A, is enjoying himself, peshing over all those thugs/scumbags who were threatening him and his, he`s now treating the club like a toy, a cowboy outfit springs to mind. He`s got plenty of dosh, so has no need to buckle down to the boo boys, hope he enjoys it.
He can take ten years worth of ticket money, plus ã35million of Carroll, and do one. This leaves a club with no strikers and no matchday income, if i was a Mag, i'd be very wary of entrusting 10 years matchday revenue to this fella.
Alright mate. So what's the craic then, surely if it's no commitment everyone is gonna say 'yeah i'll do it', then if they decide not to, there's no penalty? Doesn't make sense, even as Sunderland fans we'll all back you and say the man's a disgrace, he cannot be accused of being naive in business, he's a self made billionaire, that doesn't just happen. I'd tread carefully, there simply HAS to be a catch or tie in, elseall he's doing is guarantee the club will see no matchday revenue increase for a decade, which would be insanity, and would be dangerous for the clubs long term finances.
Well I agree he is astute in 'business' but I sense a rat too. As far as I know, there is about 30,000 season ticket holders and our gates range weekly from 45,000 to 51 ish. By doing this he is just trying to get more fans into buying season tickets so then he is guarenteed money/higher attendance for a full season ranther than a 1 off big game. I really dont see why he has went for 10 years though. He must have a master plan lined up.
Aye it's a funny one mate, it makes no business sense whatsoever, and with him declaring he has 'no intention' to sell, i fail to see the gain. Fixing matchday rev for ten years, for thousands of fans would put him in a weak position if he did decide to sell as well, it's absolutely baffling.
It's not just offering stability though, because inflation will eat into the value of the gate revenue. I don't know what a Mags season ticket costs these days, but say for the sake of example, it's ã400 and inflation ran at a steady 2% over the next ten years. In 2020, the value of that ã400 would be somewhere around ã330. He's cutting the club's throat, surely! There has to be more to this.
Good point. I would suggest that the inflation rate of 2% you use is somewhere half of what it currently is and for what it's worth the economic pundits are forecasting inflation of somewhere round 4% in the next few years. If we take that then their receipts will fall at an even greater and faster rate in real terms than you have. Marginal costing is an accepted accounting (and business principle) but is generally used for short term promotions - not 10 years!! Like others think above, Cashly is NOT a total idiot, and I can't see how 10 yr price fixing fits into the boards stated aim of breaking even by 2015. If any Mag(s) is(are) thinking about this, could I suggest they hire the best commercial lawyer they can find to pore over the small print? I bet he's got an additional, AND mandatory, "add-on" lined up somewhere.
QUOTE=Rokerlad59;139372]Good point. I would suggest that the inflation rate of 2% you use is somewhere half of what it currently is and for what it's worth the economic pundits are forecasting inflation of somewhere round 4% in the next few years. If we take that then their receipts will fall at an even greater and faster rate in real terms than you have. No problem, mate. The figures I used were completely arbitrary - I couldn't do anything accurate anyway as I have no idea of Mags' season ticket prices. Just off the top of my head, the value of a ã400 ticket at 4% inflation would give a value of approx ã260/ã270 in 2020. And even that understates the problem, because the running costs of the club would be rising by that amount, too. So a ã130 loss of revenue and a ã130 rise in costs would cut ã260 value off a ã400 ticket sale. It doesn't work, does it? There's more to this than we know.
I popped some figures into Excel, and in percentage terms, the real value of a season ticket falls by approx 1/3rd with a 4% inflation rate. I'm not sure what %age of the scums income derives from season ticket sales, but if say half of their 35k present day trolls sign up, then this is one hell of a dent in the 10 yr timescale. Maybe other tickets to rise by more than the rate of inflation to compensate?? Just had a thought, wonder if there's a clause tucked away around... "..NUFC can at their discretion re-allocate seats.."? If I was advising management on such an idea I wouldn't be giving a 10 yr fixed price deal the thumbs up.
Yes, that near enough tallies with my figures - ã130 to ã140 on a ã400 ticket. And that, added to the rise in running costs is a fair old hit. I don't get this - there has to be something we're not being told.
The EPL inflation figure is one that I don't know and therefore didn't bring it into any calculations on the long term effects, but on past performance I'd reckon it to be well above the CPI and RPI figures - Double hit for the finances? Talking to a mag at work, he was as sceptical as we are, and apparently the FULL details will be in the application pack!! He's applying to get the details he says and has said when he gets them he'll bring them in so we can have a look. He likes the idea (who wouldn't) but just doesn't believe a word from Cashly and Lambastard
