Quote: Brodie123 "Fully understand what you are saying, I agree with your comments if Leeds get promoted it may have an effect on the numbers at Headingley, but the big concern is the corporate entertainment, just look at the numbers they have at Headingley, the most successful club in SL regarding Corporate entertaining. With debts approaching £24 million and a Emerald North stand charging between £2500 and £3000 per season ticket for the corporate entertaining and £30k per box per annum, not including the Lewis Jones suite, taverners stand etc, corporate companies will not splash put this type of money for client entertaining if they can't get clients to go. These are the cash cows that GH cannot afford to upset. You cannot manage a debt of such magnitude on crowds of 10,0000 paying £300 per year for their season ticket and expect to have a top four team.'"
All makes sense, except the debt part. The building work was presumably all managed by Caddick Con. Leeds rugby is Caddick's also. So the construction costs are notional, the book price is £24m but the actual cost not so much.
The new facilities are designed to be a 365 day a year concern and I would be particularly surprised if Caddick and GH had left themselves exposed so badly in requiring one part of the business specifically to carry the rest of it (despite what posters on here have opined in the past).
Yes the team needs to rebuild, and perhaps a few years of average performance may glean off a few fans, but the business will be fine.
PS:I didnt mention the 100k spectators because the idea of trying to get out of Leeds with that many fans simply horrified me.
