Guest Theboylangers Posted July 31, 2018 Share Posted July 31, 2018 Just now, Willow Owl said: Why is it wrong, please explain how you know. Then i will accept you are right All you need to do is provide the figures that the exec boxes under previous regimes were loss making. I wonder why astute businessman Mr Mandaric didn't see fit to massively increase the prices? Link to comment Share on other sites More sharing options...
Lichfield alien Posted July 31, 2018 Share Posted July 31, 2018 7 minutes ago, ka58 said: I hate all this respect rubbish - he’s not here on some missionary expedition to save all Wednesdayites. hes trying to get to the premier league to get loadsa money!! im not knocking that -it’s up to him - but don’t say I’m being disrespectful because the ticket prices are a rip off, the whole commercial operation at the club is a complete car crash that you would see on some channel 4 rescue programme and were stumped by financial fair play. thats all the chairman’s fault, not Carlos, not abdi, not Jones, not effin butterfields.... its the chairmans - and he needs to sort it out. Agree with this respect guff...if I went over to Thailand and bought an outfit like Bangkok Utd..lumped up the prices big time on everything from potg memberships shirts etc..and 3 years later we wer in the same division having won nothing..and possibly about to be banned from signing new players..how much ‘respect’ would I have from the locals?? 1 Link to comment Share on other sites More sharing options...
Guest Willow Owl Posted July 31, 2018 Share Posted July 31, 2018 2 hours ago, Hillsborough Mole said: No it doesnt. Because thats wrong. The incomings were higher than the outgoings. So come on bright spark. About those losses. Or dont you know? Are you just making this crap up as you go along? https://www.thestar.co.uk/sport/football/sheffield-wednesday/ask-the-chairman-chansiri-explains-and-defends-hospitality-price-hike-at-sheffield-wednesday-1-8857602 There you go Now you explain how you know different!!! Link to comment Share on other sites More sharing options...
Guest Theboylangers Posted July 31, 2018 Share Posted July 31, 2018 7 minutes ago, Willow Owl said: https://www.thestar.co.uk/sport/football/sheffield-wednesday/ask-the-chairman-chansiri-explains-and-defends-hospitality-price-hike-at-sheffield-wednesday-1-8857602 There you go Now you explain how you know different!!! Fair comment from Mr Chansiri. If I wasn't so tired, there are a number of quotes in that article I would want to delve deeper into. But for now, I'm out. Link to comment Share on other sites More sharing options...
Dick_Turpin Posted July 31, 2018 Share Posted July 31, 2018 7 minutes ago, Willow Owl said: https://www.thestar.co.uk/sport/football/sheffield-wednesday/ask-the-chairman-chansiri-explains-and-defends-hospitality-price-hike-at-sheffield-wednesday-1-8857602 There you go Now you explain how you know different!!! “losses were incurred after all related costs.” As an ex accountant I can explain how that might result in a “loss”. It might be down to how you apportion overall costs that have nothing to do with the corporate business. It’s the corporate side’s share of all the costs that have no direct link to any revenue centre. It doesn’t mean the corporate side wasn’t making a contribution towards covering those costs. Link to comment Share on other sites More sharing options...
Guest Willow Owl Posted July 31, 2018 Share Posted July 31, 2018 9 minutes ago, Theboylangers said: All you need to do is provide the figures that the exec boxes under previous regimes were loss making. I wonder why astute businessman Mr Mandaric didn't see fit to massively increase the prices? https://www.thestar.co.uk/sport/football/sheffield-wednesday/ask-the-chairman-chansiri-explains-and-defends-hospitality-price-hike-at-sheffield-wednesday-1-8857602 See above Because Mandaric was always in it to sell for maximum profit. Increasing prices would possibly affect potential income from current customers, thus reducing his potental asking price. Link to comment Share on other sites More sharing options...
Dick_Turpin Posted July 31, 2018 Share Posted July 31, 2018 “Our corporate strategies are under ongoing review and indeed we have introduced revised prices on certain match by match packages that have been well received to date.” That was November 2017. How accurate was it? Link to comment Share on other sites More sharing options...
Dick_Turpin Posted July 31, 2018 Share Posted July 31, 2018 2 minutes ago, Willow Owl said: https://www.thestar.co.uk/sport/football/sheffield-wednesday/ask-the-chairman-chansiri-explains-and-defends-hospitality-price-hike-at-sheffield-wednesday-1-8857602 See above Because Mandaric was always in it to sell for maximum profit. Increasing prices would possibly affect potential income from current customers, thus reducing his potental asking price. Increasing prices and making a profit on the boxes would make the club more valuable surely. Especially if they really were loss making. Link to comment Share on other sites More sharing options...
Costello 77 Posted July 31, 2018 Share Posted July 31, 2018 He can say what he likes. Give me a reasonably appointed room with a bar and catering facility...a captive clientele...and I'll show you a 30 percent profit with managed overheads. Link to comment Share on other sites More sharing options...
Guest Willow Owl Posted July 31, 2018 Share Posted July 31, 2018 9 minutes ago, Theboylangers said: Fair comment from Mr Chansiri. If I wasn't so tired, there are a number of quotes in that article I would want to delve deeper into. But for now, I'm out. The point i have been trying to make all along is that DC had stated the club were losing money on corporate and hospitality. I have been hammered from pillar to post for not backing tbis up, and yet nobody has produced anything to prove otherwise. There are better people than me who will understand the statement more, but until his statement is proved to be a lie it remains fact. Link to comment Share on other sites More sharing options...
Guest Theboylangers Posted July 31, 2018 Share Posted July 31, 2018 15 minutes ago, Willow Owl said: https://www.thestar.co.uk/sport/football/sheffield-wednesday/ask-the-chairman-chansiri-explains-and-defends-hospitality-price-hike-at-sheffield-wednesday-1-8857602 See above Because Mandaric was always in it to sell for maximum profit. Increasing prices would possibly affect potential income from current customers, thus reducing his potental asking price. Ok, so why would Mr Chansiri increase the exec box prices, in effect marginalising the potential income from current 'customers'.? I don't get it. If someone who has run their own company before can explain this stance of alienating their current 'customers' and how this benefits the business's underlying profitability, please let me know. Link to comment Share on other sites More sharing options...
Guest Willow Owl Posted July 31, 2018 Share Posted July 31, 2018 27 minutes ago, rickygoo said: “losses were incurred after all related costs.” As an ex accountant I can explain how that might result in a “loss”. It might be down to how you apportion overall costs that have nothing to do with the corporate business. It’s the corporate side’s share of all the costs that have no direct link to any revenue centre. It doesn’t mean the corporate side wasn’t making a contribution towards covering those costs. I bow to your knowledge on this Rickygoo. I have been badgered to back up my statement, which i have. Its now up to others to prove DC's statement is a lie Link to comment Share on other sites More sharing options...
Guest Theboylangers Posted July 31, 2018 Share Posted July 31, 2018 4 minutes ago, Willow Owl said: The point i have been trying to make all along is that DC had stated the club were losing money on corporate and hospitality. I have been hammered from pillar to post for not backing tbis up, and yet nobody has produced anything to prove otherwise. There are better people than me who will understand the statement more, but until his statement is proved to be a lie it remains fact. To be fair Willow, you stand by your point and have even produced evidence to back it up. We might just have to disagree on the previously profit making exec boxes. Link to comment Share on other sites More sharing options...
Dick_Turpin Posted July 31, 2018 Share Posted July 31, 2018 1 minute ago, Willow Owl said: I bow to your knowledge on this Rickygoo. I have been badgered to back up my statement, which i have. Its now up to others to prove DC's statement is a lie Their knowledge of corporate entertaining suggests Wednesday should be able to make a profit at reasonable prices similar to the way other clubs do. This is my main gripe with the Chansiri project. At every point we are paying more than our immediate rivals. I don’t have access to the business of running Wednesday but common sense tells you Chansiri’s way isn’t the only way. His response to an issue is to play on loyalty and ramp up prices. I’m a Wednesday fan who wants to go to games so I have to accept it. But I really don’t have to like it. Link to comment Share on other sites More sharing options...
Guest ka58 Posted July 31, 2018 Share Posted July 31, 2018 That statement on boxes from chansiri makes no sense whatsoever Link to comment Share on other sites More sharing options...
Guest Willow Owl Posted July 31, 2018 Share Posted July 31, 2018 2 minutes ago, Theboylangers said: Ok, so why would Mr Chansiri increase the exec box prices, in effect marginalising the potential income from current 'customers'.? I don't get it. If someone who has run their own company before can explain this stance of alienating their current 'customers' and how this benefits the business's underlying profitability, please let me know. I see it like this, from a basic view. If the boxes were losing money, then there is no underlying profitability. By putting up prices what ever take up will be at a profit. I would say 90% of the box customers would have been Wednesday fans and around 10% clients. The fans will still buy season tickets or attend games anyway as there is not much chance of them changing to being Blades. The other 10% of clients contribution would be negligible Effectively he has retained the income without the costs. He has stated the profit in corporate is minimal as it incorporates lots of overheads. Effectively he can put £10 on season tickets and make more money than a season in corporate without the soft costs, wages extra staff, food, extra suppliers, heating, gas, administration etc. There are many other factors but the football industry is uneek. Long time ago since in business, but the principal remains. Maximum income and profit and minimum costs and overheads. Link to comment Share on other sites More sharing options...
Guest Willow Owl Posted August 1, 2018 Share Posted August 1, 2018 1 hour ago, Theboylangers said: To be fair Willow, you stand by your point and have even produced evidence to back it up. We might just have to disagree on the previously profit making exec boxes. All about opinions Langers. PS Posted response on profit before reading this. No offence meant. Link to comment Share on other sites More sharing options...
Guest Willow Owl Posted August 1, 2018 Share Posted August 1, 2018 1 hour ago, rickygoo said: Their knowledge of corporate entertaining suggests Wednesday should be able to make a profit at reasonable prices similar to the way other clubs do. This is my main gripe with the Chansiri project. At every point we are paying more than our immediate rivals. I don’t have access to the business of running Wednesday but common sense tells you Chansiri’s way isn’t the only way. His response to an issue is to play on loyalty and ramp up prices. I’m a Wednesday fan who wants to go to games so I have to accept it. But I really don’t have to like it. Fair point Link to comment Share on other sites More sharing options...
Guest Willow Owl Posted August 1, 2018 Share Posted August 1, 2018 2 hours ago, Costello 77 said: Me and the "mole" don't always agree..but he definitely knows his facts about these matters. Let him prove it then Link to comment Share on other sites More sharing options...
Guest Willow Owl Posted August 1, 2018 Share Posted August 1, 2018 2 hours ago, Costello 77 said: He can say what he likes. Give me a reasonably appointed room with a bar and catering facility...a captive clientele...and I'll show you a 30 percent profit with managed overheads. To here you blab on You should be chairman of ICI, not listening to us knicker wetters. Bet your a legend in your own bath time. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now