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Northumberland Development Project - Open For Business

Discussion in 'Spurs News & Views' started by Jordinho, 12 Feb 2013.

  1. Robbo

    Robbo Steve Carr

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    Ah, I see. Shame, we could've used the extra money to catch up with the richer teams.
     
  2. Bullet

    Bullet Jimmy McCormick

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    Do you mean sales or profit? Do you mean to include drink?

    Isn't that old news? Someone said Spurs took £800k in food and drink sales BEFORE the Legends game. They sold 3 times what they expected. Maybe it was on here, maybe on SSC a couple of weeks ago.
     
  3. Bullet

    Bullet Jimmy McCormick

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    Wow - if that is Brighton in full attack mode, I would hate to see them in full defensive mode
     
  4. metalgear

    metalgear Johnny Morrison

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    That's still plenty for a recurring revenue stream. Think about non epl events too.



    Sent from my SM-G975F using glory-glory.co.uk mobile app
     
  5. metalgear

    metalgear Johnny Morrison

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  6. metalgear

    metalgear Johnny Morrison

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    "... Had they moved to Stratford, Spurs would now boast a similarly impressive stadium, with far less financial baggage, leaving them in a position to challenge the Premier League’s financial superpowers more quickly.... "

    I think debt on a fixed asset isn't that daunting, especially how we are going to milk income from non match days.

    Can the finance experts weigh in? How soon before we exceed West Hams transfer budget, and then challenge the financial superpowers?

    Separately isn't West Ham in serious danger of disappearing in less than a hundred years time?




    Sent from my SM-G975F using glory-glory.co.uk mobile app
     
  7. scaramanga

    scaramanga Erik Thorstvedt Staff Member

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    Profit on that £800k is probably somewhere between £25-50k. Nothing to be sniffed at, but not huge in the scope of a football team.
     
  8. Bedfordspurs

    Bedfordspurs Luka Modric

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    Profit on a decent catering offer is 35%
    Obviously there are other costs on top but that’s your gross or you may as well give up

    Premium offerings can make 50%

    I look after a number of catering offers with a few clients and we make £5 profit in every £10 spent
     
    Last edited: 27 Apr 2019
  9. Kandi1977

    Kandi1977 Paul Walsh

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    Aren't most of the food and drink outlets external businesses? Or are they owned by the club?
     
  10. Bedfordspurs

    Bedfordspurs Luka Modric

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    Their through Levy’s catering http://www.levyrestaurants.co.uk/

    Or direct with the chefs like Galvins
     
  11. scaramanga

    scaramanga Erik Thorstvedt Staff Member

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    My numbers are from restaurants rather than catering - staff numbers tend to be less flexible, as does stock.

    That said, one major cost of a restaurant is the premises, which we already own. One thing restaurants don't normally have to pay is a license for naming rights. I'd imagine we have to pay Chris Galvin a fair chunk.
     
  12. Jordinho

    Jordinho John White Staff Member

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    MKSpur likes this.
  13. Jon

    Jon Chris Armstrong

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    Id like to hear more on this conversation and how this all came about?!!!
     
  14. Raziel

    Raziel Steve Carr

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    Catering, food where you are not accounting for seating and drinks tend to have decent profit margins.

    Thing people need to realize is Levy is fudging brilliant, it's not one revenue source, the stadium

    - Has increased seating (2nd biggest in league I believe)
    - Increased corporate and premium seating (higher profit margin)
    - Food and drink (and the setup to keep people in stadium longer)
    - NFL & Rugby deals
    - Use of stadium for other non Spurs things (pre-season, non football, hosting cup finals)

    Does our matchday compare to others? = probably but may not be a huge gap
    Does all of the above compare = I'm quite sure LEvy has done the math and we will be significantly ahead of others
     
  15. Gutter Boy

    Gutter Boy Tim Sherwood

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    Hoddle has just joined lamela on cullen's barred from the stadium list

     
    Bedfordspurs likes this.
  16. MKSpur

    MKSpur Sergei Rebrov

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    Daniel or Tony?
     
  17. Bedfordspurs

    Bedfordspurs Luka Modric

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    Yep no relation
     
  18. Bedfordspurs

    Bedfordspurs Luka Modric

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    Yeah I’m working on fixed catering offers without competition
    And 90% of the overheads are covered with the biggest cost being the staff now
    Galvin runs the restaurant... or his brother does (can’t remember)
     
  19. ricky2tricky4city

    ricky2tricky4city Vedran Corluka

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    Can't believe they've got nothing about us on their website.
     
  20. Bedfordspurs

    Bedfordspurs Luka Modric

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    They have quite a discrete set up to be fair

    Their part of compass who do some sites for me
     
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