Quote: ccs "He's also given away some clues to their current income, saying it's 7% of gate receipts.
So if every match, plus a few cup games, attended by 25000 passholders, averaging say £350 per season,
would give a total of around £9m, which equates to around £125m annual income. Serious money already!!
He's also threatened to increase prices by 50% if he doesn't get his way.
(Sums may be way off the mark.)'"
I think your sums are ok, but I think the 7% of total income coming via the gates is to be taken with a pinch of salt.
Everton announced their financials this week for their last accounting period in which they has a RECORD turnover of £87m. Thats a club who will average 10k fans more than City will
The letter in the HDM doesn't change anything, its a polite way of saying what the old man has come out with in the past in an abrupt way.
There is no proof what so ever that changing their name will attract bigger sponsors.