Re: Financing package wipes out Saints debt : Thu Oct 20, 2011 8:23 am
Rogues Gallery wrote:
Wigan RL has a fixed agreement in place (it's either a 25 or 50 year, it wasn't brought up at this years shareholders meeting) whereby they pay 10% of their gate receipts for the use of the stadium, but things like pitch maintenance & renovation, floodlight costs etc, are covered in that 10% figure.
As a cost based model it is a superb agreement, but as a revenue based model we lose out on things like non matchday opportunities.
Hence Wigan RL diversification and investment into other areas, which will become apparent in the next year or so.
As a cost based model it is a superb agreement, but as a revenue based model we lose out on things like non matchday opportunities.
Hence Wigan RL diversification and investment into other areas, which will become apparent in the next year or so.
selling players to RU doesnt count as diversification.