|
|
Post by superman on Jul 10, 2017 10:25:55 GMT
Just been reading about Tranmere Rovers 3 day "WirralFest". It is rumoured to have lost around £200k and has resulted in the Chief Exec losing his job. This is the chance you take as a club if you self promote an event rather than renting out an arena to an experienced promoter who then takes the risk. OK you might miss out on a bigger financial return, but if things go wrong!! Rovers have apparently said the loss will not impact on the playing budget.
|
|
|
|
Post by Matt on Jul 10, 2017 10:51:51 GMT
For the time being these losses are probably covered with the Football League parachute payments and their biggest game of the season against Liverpool, eventually these losses do catch up with them as Just look at Wrexham. 3 time play offs wasn't it? now they've faded to a standard non league team as their budget over the years is crippling.
|
|
|
|
Post by Wortleyblue on Jul 10, 2017 11:21:14 GMT
For the time being these losses are probably covered with the Football League parachute payments and their biggest game of the season against Liverpool, eventually these losses do catch up with them as Just look at Wrexham. 3 time play offs wasn't it? now they've faded to a standard non league team as their budget over the years is crippling. Didnt they miss out on the extended payments I thought they came in the season after they were relegated if so then no parachute payment this year |
|
|
|
Post by Matt on Jul 10, 2017 11:34:34 GMT
For the time being these losses are probably covered with the Football League parachute payments and their biggest game of the season against Liverpool, eventually these losses do catch up with them as Just look at Wrexham. 3 time play offs wasn't it? now they've faded to a standard non league team as their budget over the years is crippling. Didnt they miss out on the extended payments I thought they came in the season after they were relegated if so then no parachute payment this year Not sure on the details but they really are blowing money left, right and centre. It paid off for Cheltenham but 99% of the time Clubs fail and end up broke. |
|
|
|
Post by Si on Jul 10, 2017 11:37:38 GMT
How on earth have they lost money on that? Little Mix are probably the biggest girl band on the planet, Madness have a cult following, and The Libertines was well attended too. Tickets weren't cheap. I expected them to have made good money on that.
|
|
|
|
Post by dmcnally on Jul 10, 2017 12:13:29 GMT
As Big Si says, how on earth have they managed even a loss on that, nevermind a 200k one!!!
|
|
|
|
Post by boughtonblue on Jul 10, 2017 19:47:43 GMT
How much did they pay Jeremy Corbyn for his appearance?
|
|
|
|
Post by hughdemann on Jul 12, 2017 12:37:45 GMT
Must admit to being surprised by this.
I thought we were losing out a lot to Tranmere and Wrexham in the fund raising stakes by them hosting concerts. |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jul 12, 2017 13:22:00 GMT
Wrexham had 30% of UB40 which looked like about 2000 attended.
But to be fair the Olly Murs gig looked very busy.
|
|
|
|
Post by Al on Jul 12, 2017 13:43:16 GMT
As others have said it's all about the promotion side of it.
Last summer they were rumoured to have made about 750k on the gigs they hosted at the time.
So to go from that sort of profit margin to losing 200k is shocking really. All because their CEO thought he could bring in more money by organising it all themselves.
They will be ok financially for now. They sold their old training facilities in Ingleborough for a few mill to a housing developer and have a deal with the council at their new training base.
Obviously the income from the Liverpool game is expected to absorb most, if not all of the loss they made on Wirralfest this year.
Considering how badly they were being run under Peter Johnson in the end with budgets cut year on year, Palios - to his credit - seems to have done a decent job so far off the field.
|
|
|
|
Post by Hannibal on Jul 12, 2017 13:58:24 GMT
Wrexham had 30% of UB40 which looked like about 2000 attended. But to be fair the Olly Murs gig looked very busy. 12,000 for Olly Murs. |
|
|
|
Post by Captain Duff on Jul 12, 2017 21:15:30 GMT
I had a bad dose of the olly murs the other week, barely left the bog for two days.
|
|
