This is why I think our financial issues will go away before too long because the impact of amortisation on our accounts was really high due to us needing to build a completely new squad over 2-3 seasons after we go promoted but we're now moving into the next phase where we are only looking at needing 2-3 signings in the summer and 1-2 in the winter and then we should be starting to fill out squad depth from the Academy (Which I suspect is exactly what the remit for Olabe will be).
and remember for PSR purposes the remainder is only spread over 5 years not 6 so the balance left on Rogers is pretty much exactly £1.5m p/y.This is why I think our financial issues will go away before too long because the impact of amortisation on our accounts was really high due to us needing to build a completely new squad over 2-3 seasons after we go promoted but we're now moving into the next phase where we are only looking at needing 2-3 signings in the summer and 1-2 in the winter and then we should be starting to fill out squad depth from the Academy (Which I suspect is exactly what the remit for Olabe will be).
I wonder what sort of revenue they're forecasting for the Warehouse.Is something like: gigs/Boxing/Comedy twice a week, fifty weeks a year, 3,500 folk paying an average £40 quid a ticket = £14m a year minus promoter and artists share plus drinks and food sales, realistic?
I imagine the Warehouse is just another venue to rent out to promoters. The only way we could capitalise on anything but rent and the bar would be to bring in-house our own promoter but that would be risky business. Percy and others will know what other venues exist and what the competition will be like but before you start looking around town you've got three universities looking to book bands, probably all with options on room sizes.Like the idea of Astonbury but first you need to get people in the habit of going there. Oh and I thought we'd sold the Warehouse at the same time as the women's team?
Quote from: Rudy Can't Fail on November 13, 2025, 05:31:51 PMI imagine the Warehouse is just another venue to rent out to promoters. The only way we could capitalise on anything but rent and the bar would be to bring in-house our own promoter but that would be risky business. Percy and others will know what other venues exist and what the competition will be like but before you start looking around town you've got three universities looking to book bands, probably all with options on room sizes.Like the idea of Astonbury but first you need to get people in the habit of going there. Oh and I thought we'd sold the Warehouse at the same time as the women's team?I don't think the Warehouse can be sold until it reaches practical completion so its likely to be this years £50m PSR dodge.
I thought we had already offloaded it to a management company.
Yes, that makes sense and that we have sort of minimum guarantee in place.Astonbury is inspired!