Just saw this off facebook dont remember this in the paper thought this bit was interesting if ture why are we struggling so much when other clubs havent got this . this past year is a one off we have never seen before but why cant we do better than we have been earning that much money .
The crucial point of this investment — and the rent — is the club gets 100 per cent of the commercial revenue from use of those facilities. Coventry doesn’t get that at the Ricoh. I’ll give an example of how advantageous this is. The owner bought and put up a huge digital signboard — the largest in Europe — outside the stadium, overlooking the M6, so we could make additional advertising revenue.
“Our rent went up £20,000 a year for that but we turn over £500,000 from that sign.
“We generate and keep all the profits from everything we do — whether it be from hiring out our facilities, advertising revenue from the digital sign or holding the weekly Sunday market. We turn over £1.5m from conferences and events.”