Shay loses 100k in first year : Wed Mar 23, 2011 8:52 am  

Thats the front page headline in courier today.Not great press for the club. The joke is that fc halifax take its main money spnning events to cedar court cos it houses 500 diners as oppose to the east stands 300.

Re: Shay loses 100k in first year : Wed Mar 23, 2011 9:05 am  

what really got me about the story is, why put a pic of hxrlfc on the front page when there really on about town, like said above does not look good on ower rugby club

Re: Shay loses 100k in first year : Wed Mar 23, 2011 9:20 am  

Can't blame town for taken events like that away from The Shay, they can probably make more money off the event as well by doing that.

However the 100k loss must show that the stadium is been badly run? perhaps the council need to look at the stadium management and make some changes, no doubt after a 6 month £25000 consultation

[Nat (Rugby_Aholic)]

Re: Shay loses 100k in first year : Wed Mar 23, 2011 9:21 am  

All changes will inevitably include a rise in rent though.

Re: Shay loses 100k in first year : Wed Mar 23, 2011 9:26 am  

100k seems pretty darn massive!!! Unless it includes cost for finalising the new stand? I.e. Take hit on that now but will later recover? Surely that's just not a running & business loss?

Re: Shay loses 100k in first year : Wed Mar 23, 2011 9:31 am  

J20 wrote:

100k seems pretty darn massive!!! Unless it includes cost for finalising the new stand? I.e. Take hit on that now but will later recover? Surely that's just not a running & business loss?

I'd say thats not bad at all , for a council facilty , how many ' admin ' staff does the SMC have ?

Re: Shay loses 100k in first year : Wed Mar 23, 2011 9:37 am  

A question, what does to Shay offer outside of 'match day'? Just out of interest as I don't have a clue.

This is a potential problem for new stadium developments like Cas. As if your simply building 4 stands than aside from match days what money are you actually bringing in to help fund it all?

Starbug do you have any idea if LSV makes a profit or loss yearly? (not the rugby just stadium in itself).

Re: Shay loses 100k in first year : Wed Mar 23, 2011 9:42 am  

J20 wrote:

A question, what does to Shay offer outside of 'match day'? Just out of interest as I don't have a clue.

Small 5-a-side football pitch, And Function/Meeting rooms,

The 5-a-side pitch has been well used, but I'd imagine the income is limited, no idea how well used the Meeting rooms ect are

Re: Shay loses 100k in first year : Wed Mar 23, 2011 9:49 am  

The LSV is providing various community services during the day eg Health surgeries, job clubs, disability services etc and has Hotel, 3G facilities, sports centre and 6th form college on site - also the Supermarket is under construction leaving just one or two further additions before the site is completed. Blackburn play reserve soccer but without SL the stadium will never generate income as a stand alone venture.

I know the stadium is without debt, but the council and profit dont tend to fit together imho.

Re: Shay loses 100k in first year : Wed Mar 23, 2011 9:51 am  

J20 wrote:

A question, what does to Shay offer outside of 'match day'? Just out of interest as I don't have a clue.

This is a potential problem for new stadium developments like Cas. As if your simply building 4 stands than aside from match days what money are you actually bringing in to help fund it all?

Starbug do you have any idea if LSV makes a profit or loss yearly? (not the rugby just stadium in itself).

The LSV site will be losing over a million pounds a year i'd guess , it includes a swimmimg pool , which are massive loss generators , the stadium will be losing hundreds of thousands , the only part that could see a profit will be the Leigh east site