thewayneinspain
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forgot to add, wrexham fc only has one revenue sector because that was only revenue stream moss & roberts et al didn’t want.
Alun,
Last seasons turnover was 2.2 million, next year’s turnover is forecast at 1.6 million (no cup runs or plays off included.) Matchday reciepts were 988k. Think at the last AGM it was stated Wrexham FC got around 10.09 per ticket per game.
The club doesn’t own the football ground. It will make no money from a gig of 10,000 people. It had been ripped from the club’s hands. it has gone. The only people who wanted to invest in the club or ground wanted the land for their profit. Only the fans themselves wanted the club, Moss sold the ground to the highest bidder.
But looking in terms of finances, it would cost a conservative minimum of 12.5 million to get a site . 2.5 for the land (assuming the club can get somewhere in wrexham for same price glyndwr got the raceocurse), 10 million for the stadia. That’s over 300k depreciation (over 25 years), never mind the upkeep (think the current ground is hinted at 200k a year.)
Could a new stadia get enough bands and attendees to get past the extra break even point of 300k a year for the next 25 years? No.
The town centre manager is doing what everyone has always done with the racceourse, promise something big, but it never turns up.
This debate raged out on about 8 years ago.
Hamilton never wanted the club, he wanted the land for his own profits, so he ran the club into the ground so it’s liabilities were more than the assets,
Moss and Roberts did the same by
1. leveraging the club to gets funds to purchase the club, land & build the student flats for their own pensions
2. whilst running the club into the ground.
3. Sadly then moving the ownership of the ground to the mother company of wrexham fc that they also owned…
4. They then sold it to university.A club can’t move anywhere unless there is somewhere to purchase and then have extra money to build a stadium. Sadly studies in the fanzine groundtastic found that stadia costs 1,000 per seat.
The club has never had anywhere to go because:
- It needs land
- It needs finances to build a stadia
- Get planning for that land.
It already has the land and it is in a great position close to the motorway and railway.
I remember doing an interview with the former commercial manager bill wingrove in a greasy cafe near newcastle under lyme (at that time under criminal charges for a missing 10k from the wrexham kitty – charges later dropped.) That interview whilst accusing david rhodes on poor financial planning (previous wrexham CEO and later becoming a disqualified company director) he also went onto say that they didn’t utilise the space in terms of function rooms, shops, etc. Its prime position for these things after all.
Sadly Glyndwr now owns the racecourse, so they will now benefit not the club.
@darryl 9120 wrote:
A couple of padlocks or ‘Love Locks’ as they are known have been locked onto the bridge on Eagles Meadow. Love locks are famous for being attached to bridges in Paris, China etc, however the locks on our Wrexham bridge has generated some interesting / amusing feedback.
What’s the strangest, or most interesting or just plain odd thing(!) you have seen around Wrexham?
The padlocks on the eyesore meadow bridge have been there since at least january.
Someone has been romantic – well done to them!
@Alunh 9116 wrote:
thewayneinspain;9085 wrote:The racecourse is in the perfect position
easy access for both sets of fans and plenty of parking.However for Pryce Griffiths, Marek, Rhodes, Guterman, Hamilton, Steve Morgan, dickens, moss, retout and roberts, it was in the perfect position to sell the land with none of the money going to the football club.
In court is was found that Pryce griffiths, Guterman and hamilton had arranged a deal where they would all profit from selling the ground.
And of course, Marek is the only poltician to have profited from loaning Moss and Dickens money to buy the land that Moss & Roberts they eventually developed for their own 40 million pension nestegg.
Dickens profiting from Moss purchasing the showrooms.
And al under the watchful of eye of the council and leader aled roberts.
If Moss,Retout & Roberts had done what they said to the council of giving the profits to the club, the club would have a playing budget now of something close to championship level and so would the crusaders.
I’m not getting into the speculation about who did what and when but I hope your facts on people and what they did are better than your understanding of football clubs and finance in the year 2013. You claim that the ground is perfect for fans, etc. Wow. Is that it. Football clubs don’t survive on sport anymore but have to have a plan B to survive. Where Swansea have had huge successful concerts with the likes of Rod Stewart, Elton John and JLS what equivalent have Wrexham had? Stoke’s Brittania stadium is a regular concert location. Wrexham’s ? We have the crusaders but nothing else to give the club an income stream.
With the greatest respect alun, how many club grounds (including those in the biggest populated cities in the uk) or the better suited cricket grounds get a profitable band to play? never mind two or three times a year.
I spoke to the potential wrexham fc buyer steve cleeves many times (many of those calls recorded) about this and he never had an answer on this. Although he would rant on about his love for motorhead.
swansea only has cardiff and bristol as competitors within an hours drive, wrexham has liverpool, manchester and birmingham.
Thanks
it’s of concern that they have the monopoly for the public transport of that area. How has this been allowed to happened? have prices gone up much in the last few years?
re: the train incident… if you were being cynical you could say that the ticket collector may have stayed in his cabin on purpose… makes more cash for arriva trains after all.
@Welsh Dresser 9098 wrote:
So the promise was made and there was never any intention of honouring it? That is immoral. I don’t expect the swindling so and so’s have lost any sleep over it but what goes around comes around. They might have broken the club financially but it’s still there. I hope it haunts them to their graves and beyond !
It’s immoral, but they got themselves a 40 million pension fund and the rental value is an allowance for the kids after they pass away.
But politicians like bithell and roberts have all carried on in politics and have more than doubled their salaries since then.
@Welsh Dresser 9091 wrote:
There is something I have never understood about the dealings around Wrexham Village. If a promise was given and publicly reported that profits would go to the football club why has it never ben enforced? Why didn’t the courts make those guilty pay what was owed? It had always bugged me.
Because the promise was not legal, despite the councillors being presented with independent legal advice saying it was not legal. Cllr Caldecott is even said ‘we will have to take a gamble’.
It was on the council leader’s watch (aled roberts AM) to make sure the committee got the all the correct legal advice.
The current Mayor was an employee of Wrexham Village, him being a steward at the football club. Despite this he was allowed to advise and take part in the debate with other planning committee members.
Hopefully this will result in an opportunity to see ‘democracy in action’. But unless allmeetings are recorded and published, this is just an exercise to keep the status quo and is an empty gesture.
I see over the weekend one of the local councillors made an angry four letter word rant with unproven accusations about one of the local co-operatives management. Sadly none of the media (including wrexham.com) chose to publish this, even though it’s quite obvious that something like that is a newsworthy item about the councillors inability to hold his post.
