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Post by Feeling The Blues on Jan 20, 2015 13:07:57 GMT
Well we all knew that Sainsburys weren't going to pay up without a big fight and so it is now proven.
The good news however though is that we have planning permission for a fantastic new stadium that help can propel the club to a level we have never before attained.
Clearly we are going to need to seek an alternative way of raising funds. When other clubs have been looking to raise substantial funds to redevelop or develop stadiums one of the ways they have looked to raise funds is to sell long term season tickets with attaching membership privileges. Now, I know that we don’t have as many active fans as some of the big clubs who have embraced this model but nevertheless there could be sufficient strength of support to raise a very significant sum.
For example:- West Stand season tickets this year were £410 at the discounted price, so if we allow for inflation of 3%pa, someone who was to buy such a ticket for 20 years the cost would be £11,000. So let’s think in terms of selling 20 year tickets that are transferable being offered at 60% of that price for the best seats in the new stadium with cup games, membership of a members bar and other benefits such as a car park pass being thrown in (£300 flat rate per season). The target market for these tickets would of course be the existing support base and businesses some of whom we will already have a close relationship with. We could work together with a finance company to help those supporters who would like to take advantage of the offer but don’t have the capital to do so.
If 2,500 of these tickets were sold this would raise £15,000,000 which is about half of the stadium cost. This together with reduced Mem Sale money plus possible compensation from Sainsburys and maybe new external investment that is conditional on the stadium being built could get this plan right back on the rails.
It’s time for Plan B. It’s time for some “Blue Sky” thinking.
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Post by Deleted on Jan 20, 2015 13:14:54 GMT
'Blue Sky' thinking? That sounds more like 'Crack Cocaine' thinking to me !
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Post by Dirt Dogg on Jan 20, 2015 13:15:04 GMT
I don't know if anyone would pay £11,000 up front for a one. I certainly wouldn't. Don't get me wrong, I love Rovers! The Gas will always be my team and only place to be every other Saturday! But I really pay £11,000? No bloody chance! I doubt anyone would unless they are millionaires with money to burn, in which case they should be buying us a new stadium anyway!
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Post by BishopstonBRFC on Jan 20, 2015 13:22:22 GMT
What would happen if the club went bust? Not like we'd get our money back from the government.
Also, would the people who took out the finance option still be liable if the club went? I can't imagine they'd just write it off as they'd be a 3rd party.
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Post by Feeling The Blues on Jan 20, 2015 13:31:14 GMT
I don't know if anyone would pay £11,000 up front for a one. I certainly wouldn't. Don't get me wrong, I love Rovers! The Gas will always be my team and only place to be every other Saturday! But I really pay £11,000? No bloody chance! I doubt anyone would unless they are millionaires with money to burn, in which case they should be buying us a new stadium anyway! You need to re read my post again. whete have you got £11,000 up front from?
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Post by Mark Ash on Jan 20, 2015 13:35:10 GMT
It would be £6,600 then, by those calculations?
I don't know if it would work or not, but it's a very interesting post. Makes a change from arguing about Matty Taylor!
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Post by Feeling The Blues on Jan 20, 2015 13:39:27 GMT
What would happen if the club went bust? Not like we'd get our money back from the government. Also, would the people who took out the finance option still be liable if the club went? I can't imagine they'd just write it off as they'd be a 3rd party. There would be risks Bishopston, there was with the other clubs who have done this, but it would be a hell of a bargain for committed supporters and they would help the club get the ground that they might not otherwise have had. I suppose it's really a way that supporters can invest in the club but rather than get shares they have something tangible in return.
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Post by Feeling The Blues on Jan 20, 2015 13:56:45 GMT
It would be £6,600 then, by those calculations? I don't know if it would work or not, but it's a very interesting post. Makes a change from arguing about Matty Taylor! Your are correct and of course they only need to be £6,000 to raise the £15m . That's working with a solar powered pocket calculator in a dark room for you.
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Post by Mark Ash on Jan 20, 2015 14:05:41 GMT
Being gloomy for a moment, it seems unlikely that 2,500 people out of an average gate of 6,000 would make such a 20-year commitment, given that so few of them would even buy a one-year season ticket.
How many ST holders are there, I wonder?
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Post by Deleted on Jan 20, 2015 14:11:28 GMT
'Blue Sky' thinking? That sounds more like 'Crack Cocaine' thinking to me ! Love it !!!
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Post by Feeling The Blues on Jan 20, 2015 14:39:14 GMT
Being gloomy for a moment, it seems unlikely that 2,500 people out of an average gate of 6,000 would make such a 20-year commitment, given that so few of them would even buy a one-year season ticket. How many ST holders are there, I wonder? About 2,500 and that's at our lowest ever ebb playing in the non league. i am trying to think of a way that supporter power can make this stadium happen, because if it happens we are going to have the infrastructure and potential to play at the highest level and I know most supporters want it to happen it's just we feel powerless. I did think about a share issue for fans to buy but this is likely to be complicated and costly but in any case I think that this idea gives supporters something more tangible for money that they might well have spent on the club in any case.
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Post by Mark Ash on Jan 20, 2015 14:43:08 GMT
I didn't realise we had so many ST holders. That's a high proportion.
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Post by Deleted on Jan 20, 2015 14:50:41 GMT
Being gloomy for a moment, it seems unlikely that 2,500 people out of an average gate of 6,000 would make such a 20-year commitment, given that so few of them would even buy a one-year season ticket. How many ST holders are there, I wonder? About 2,500 and that's at our lowest ever ebb playing in the non league. i am trying to think of a way that supporter power can make this stadium happen, because if it happens we are going to have the infrastructure and potential to play at the highest level and I know most supporters want it to happen it's just we feel powerless. I did think about a share issue for fans to buy but this is likely to be complicated and costly but in any case I think that this idea gives supporters something more tangible for money that they might well have spent on the club in any case. I think after the debacle of the Share Scheme people would not be that interested in buying Shares in the club.
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Post by pirateman on Jan 20, 2015 14:53:46 GMT
Certainly worth thinking about but I am not sure we would raise that much. Also, could the club afford the future loss of revenue from season tickets
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Post by mumbles on Jan 20, 2015 14:55:35 GMT
Great idea FTB. It would be the bargain of the century if indeed the stadium did help us to get back to the upper echelons of the game.
No reason I can see that you couldn't also offer shorter period debentures for those with slightly less money. Say 20 year (£6000), 10 year (£3,300), 5 year (£2,100). Link it to things like the name on a brick idea and maybe offer special merchandise - ties, blazers etc - that you can only purchase if you hold a debenture (like the MCC).
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Post by Mark Ash on Jan 20, 2015 15:00:53 GMT
Certainly worth thinking about but I am not sure we would raise that much. Also, could the club afford the future loss of revenue from season tickets Good point.
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Post by mumbles on Jan 20, 2015 15:05:24 GMT
Certainly worth thinking about but I am not sure we would raise that much. Also, could the club afford the future loss of revenue from season tickets Good point. Wouldn't that be offset to a degree by the increase in crowds that can be expected from a new stadium (short term) and an improved league position (fingers crossed)?
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Post by RD on Jan 20, 2015 15:44:34 GMT
Good point. Wouldn't that be offset to a degree by the increase in crowds that can be expected from a new stadium (short term) and an improved league position (fingers crossed)? Not to mention potentially new investment due to have a great stadium.... That said, form a budgeting point of view it has disastrous written all over it - to ASSUME we'd recoup the money in revenue could result in the club folding. A nice idea, but a non-starter in reality.
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Post by Centenary Gas on Jan 20, 2015 15:47:06 GMT
Entering into a 20 year commitment with our current board spending the money? Not a chance.
Now, obviously unrealistic, but if it meant £6k to own part of the club, that would be different.
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Post by Deleted on Jan 20, 2015 15:50:43 GMT
'Blue Sky' thinking? That sounds more like 'Crack Cocaine' thinking to me ! What if the club sold crack cocaine?
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