Hull FC • Re: Building the Club- securing financial stability
Mild Rover wrote:
The more use it sees, the more upkeep and running it requires, as well. There may be some marginal gain for Hull FC, but if the stadium started generating profits I’m sure there’s a whole load of social care and potholes and stuff like that, that could make a dent in them.
The underlying problem is that, as Pearson alluded to recently, RL doesn’t generate enough revenue. Trying to fix it by relying on concert promoters or property developers or suchlike won’t make much difference because those people want the profits from their activities.
I think you make a valid point, but, the additional upkeep costs would then also be factored into the fees charged for the use of the venue, so materially would not increase Hulls percentage cost of that element, it may be that if enough regular events can be attracted , that would actually lesser our's and City's burden.
If you consider that Hull's financial strength was unquestionable, without the pandemic derailing it, and attendances and memberships are still strong, with a bit of innovative marketing the stadium could become a strength rather than a weakness, that some perceive it to be. The state of the game in general in the UK is what should worry us all. There are numerous clubs, among all divisions who are getting by on a week to week basis and the whole sport, in its current format could be at its weakest point ever, such is the dwindling interest in the UK game of RL.
Statistics: Posted by GrahamBray — Thu Jan 11, 2024 8:20 am