NANNY RED wrote:not havin a moan or nothing here but Johnbull opened a similar thread this mornin, its on here somewhere , might be better if we all had a moan in the one thread ,
fivecups wrote:NANNY RED wrote:not havin a moan or nothing here but Johnbull opened a similar thread this mornin, its on here somewhere , might be better if we all had a moan in the one thread ,
Ohhh, listen to her!
Nan for mod!
Nan for mod!
Yeehaa!
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fivecups wrote:Or the regulating bodies could get together, agree a salary cap - something like £10k/week, reduce the wage spend of a club from 75% of a clubs turnover to say 20%; ticket prices could be frozen and people who've gone to the game all their lives could continue to do so.
The Good Yank wrote:I don't want to seem ridiculous here, but, wow after seeing the prices of the tickets, I am amazed that tickets for an LFC match are so low. I had to donate $5000 just to keep my same seats for Rutgers Football,This is American College Football, and that doesn't inclued the $50 per ticket per each home game (7).
Not to mention that my wife is a New York Jets fan and I had to pay $6000 for a PSL per ticket (Personal Seat License) twice, and then pay $175 per ticket for each game. Also paying over $7,000 for for New york Rangers tickets for my family of 5 for an eight game package (NHL).
JohnBull wrote:On Monday afternoon, the same day they announced the signing of Joe Cole (a “good day to bury bad news”?), Liverpool FC slipped out a juicy little press release about ticket prices for members (of which I understand there are around 15,000 available per game). The gist of the statement is that prices for 2010/11 are rising by a blended 10.6% for the Kop and 10.1% for the other three stands and that’s prior to the impact of the “progressive” VAT rise in January.
Having previously operated on a “Category A” and “Category B” system, LFC have now added “Category C” on the following basis:
Category A: Arsenal, Chelsea, Everton, Man City, Man United, Tottenham
Category B: Aston Villa, Blackburn, Bolton, Newcastle, West Ham
Category C: Birmingham, Blackpool, Fulham, Stoke, Sunderland, West Brom, Wigan, Wolves
Although the price rises vary by category, the message is clear, Liverpool are joining Man United in the debt driven game of pricing out their core working class support. The Kop now has the dubious privilege of being more expensive than the Stretford End which, when you consider the relative quality of football, is a true injustice.
LFC are in real financial trouble, something it actually gives me no pleasure in writing. In the last accounts (2008/09), the club reported EBITDA of £35m and interest of £40m. The dream of a new stadium was screwed the moment the credit crunch hit, leaving the business enormously overleveraged. Despite a valuable new shirt deal with Standard Chartered, the loss of Champions League income will inevitably impact the top line this season. That leaves Chelsea supporting Chairman Martin Broughton scrabbling around for other ways to boost revenues.
In 2008/09 LFC generated £42.5m of matchday revenue from 27 home games at an average attendance of 42,728. That’s £28.74 per occupied seat. The equivalent figure for Old Trafford is £39.58 per seat and for Chelsea £52.72. With the club up for sale and in dire need of new equity investment, yesterday’s announcement (plus the previously announced 4.6% increases in season ticket prices) look like being just the start….
So now we have the spectacle of both of England’s most famous and successful clubs screwing their core support to pay the debts of unwanted speculators. All the while the Premier League and Football Association stand around being “ownership neutral”. Is this truly the “Best League in the World”?
Article courtesy of Anders Red Blog – a website dedicated to football finance, focussing on Man United and the Glazer’s.
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