EGM

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Joined: June 4th, 2015, 6:32 pm

June 26th, 2017, 12:13 pm #11

Arthur
Stadium Naming Rights contract signed last Friday.
Will provide 85% of the rent for the new stand for the next 10 years.
Only if they improve the quality of the beer
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Joined: January 13th, 2015, 7:59 pm

June 26th, 2017, 12:55 pm #12

Arthur
Stadium Naming Rights contract signed last Friday.
Will provide 85% of the rent for the new stand for the next 10 years.
It's the lack of variety that'll kill you. Earlier in the season, Worcester had SIX different beers on cask. A 50 over game that one. Lord's had four on cask.

Black Sheep or nowt....
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Joined: September 7th, 2015, 9:28 pm

June 26th, 2017, 6:30 pm #13

Arthur
Stadium Naming Rights contract signed last Friday.
Will provide 85% of the rent for the new stand for the next 10 years.
I hope the agreement is for pints by volume and the rugby haven't pulled a fast one.

They sell a lot of beer and lager in 2 pint containers.
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Joined: July 4th, 2014, 8:43 am

June 27th, 2017, 8:45 am #14

Arthur
Stadium Naming Rights contract signed last Friday.
Will provide 85% of the rent for the new stand for the next 10 years.
Should we all be concerned that the grand plan to repay our £40 million debt pile rests on the sale of beer on 35 days of cricket and 17 rugby matches? Perhaps there is a cunning plan to sell beer at £3000 per pint (almost London prices) but even the least canny Yorkshireman will work out that there is better beer available at much lower prices within a few minutes from the ground.
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Joined: January 13th, 2015, 7:59 pm

June 27th, 2017, 9:34 am #15

Arthur
Stadium Naming Rights contract signed last Friday.
Will provide 85% of the rent for the new stand for the next 10 years.
One Member in the room pointed out the "profit" YCCC would have to make year on year to pay off the £25m on Mark Arthur's timescale. (Sorry, I didn't write it down).

Much was made of the new T20 guarantee, the ECB TV rights money. I think I heard of which 10% is upfront, the Stadium naming rights, an Ashes Test, etc. All I really heard was JAM TOMORROW.

The new stand will be on a 42 year lease. So, the YCCC Financial Wizard has drawn up a 42 year cashflow spreadsheet.

I thought to myself "one spreadsheet, 99 pages of assumptions".
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Joined: August 20th, 2013, 11:26 am

June 27th, 2017, 9:44 am #16

Arthur
Stadium Naming Rights contract signed last Friday.
Will provide 85% of the rent for the new stand for the next 10 years.
I have given up on the debt, cash flow problems, profits or otherwise of the club. We don`t make enough profit now to pay of our existing debt and just about cover the annual interest payments. I will probably not be around when they go bankrupt, which they most certainly will, so I abstained.

The club will make a massive profit from the England v Afganistan test in May 2021!!

Did not want to curtail there plans as it makes no difference to me personally, but no way do I approve of going £43m into debt. In 5 years time another part of the ground will need development and then another £20m will be added onto the debt, and so it goes on.

Going to have to sell a hell of a lot of beer to pay that debt off!!
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Joined: January 13th, 2015, 7:59 pm

June 27th, 2017, 10:03 am #17

Arthur
Stadium Naming Rights contract signed last Friday.
Will provide 85% of the rent for the new stand for the next 10 years.
I wholeheartedly agree Stu.
I voted NO. But, it's just a futile shot across the bow.
I tittered when the question was asked about compliance with ICC requirements. I did three Tests in India over the Winter. Headingley might have faults, but it is a palace compared to some International grounds I've been to.
That amount of debt, with those income streams. Laughable.
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Joined: January 7th, 2017, 9:51 am

June 27th, 2017, 10:18 am #18

Arthur
Stadium Naming Rights contract signed last Friday.
Will provide 85% of the rent for the new stand for the next 10 years.
"Postal vote 1345 for
64 against.
Overwhelming FOR on show of hands in the room."

That represents an awful lot of members (a big majority) who chose not to engage in the decision-making process! Apathy? Bewilderment? Resignation? Doesn't sound very healthy to me.
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Joined: January 7th, 2017, 9:51 am

June 27th, 2017, 10:32 am #19

Arthur
Stadium Naming Rights contract signed last Friday.
Will provide 85% of the rent for the new stand for the next 10 years.
"How many pints do we have to buy to clear £24 million?"

Well Dave, I noticed that yesterday they were charging £3.90 a pint at the bar behind the scoreboard.

So to cover £24 million, I reckon 6,153,846.15 would need to be sold, plus enough extra to cover costs. So perhaps twice that number = 12,307,692.3 If you multiplied that by my potential take-up, i.e Nil, then the calculation would be 12,307,692.3 x 0 = 0.

Is there something wrong with my maths, or have I stumbled on the YCCC Board's business plan; and if I have, was it devised at a tea-party which took place at the bottom of a rabbit hole?
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Joined: January 13th, 2015, 7:59 pm

June 27th, 2017, 10:33 am #20

Arthur
Stadium Naming Rights contract signed last Friday.
Will provide 85% of the rent for the new stand for the next 10 years.
Fair Play to Club President Richard Hutton though. He wasn't listening properly & Bird was in his ear.
On show of hands, Hutton voted both FOR and AGAINST the motion.
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