Only one more season and then...
Arsenals future matchday revenues.
GRAND TOTAL FOR STADIUM MATCH DAY TURNOVER
1). £18.586M
2). £13.800M
3). £ 0.893M
4). £48.099M
5). £ 9.766M
TOTAL = 91.144M ex VAT
Match day turnover for season 2003/2004 was £33.8M ex VAT so increase of £57.344M
At the time of moving into Emirates Stadium the £260M loan will be refinanced to a 25 year loan at a lower interest rate of 5% which will equate to yearly repayments of £18M.
Obviously not all the increase in revenue will be net profit as there will be costs against catering, programmes and increased staff costs but it is not unreasonable to assume a net profit increase of £45 with £12M costs. Deduct the interest payments of £18M a year leaves AN OVERALL NET PROFIT OF £27M PER SEASON after all loan repayments and costs.
The overall increase in turnover will be higher than the £57M increase in match day income as there will be other increases in non-match day income. Arsenal will be increasing the number of secondary sponsors at Emirates, utilising the stadium to it’s full potential away from the match day by using the stadium for conferences, corporate functions and exhibitions as well as and holding non football related events such as concerts. A final increase in turnover of £65M is more likely. By the end of the 2006/ 2007 season Arsenal’s overall turnover will be close to Manchester Uniteds (possibly slightly more) and well ahead of any other club in the world.
Pretty sweet, eh? :twisted:
