1 valve Posted 2 hours ago Report Share Posted 2 hours ago (edited) On 10/3/2024 at 1:41 PM, ShanoXtra said: That’s frustrating as well, Ipswich is £23 a meeting. Average attendance maybe 1,200? = £27,600 (I know they get other income with food / sponsers etc but just focus gate tickets) so if they lowered it to £10 and got 2,800 = £28,000 it could work. do you think they dare not take the risk of getting 2,800 in the gates even though more people would come for £10? A nice idea but unfortunately, the dreaded VAT needs to be considered too. A £23.00 admission would actually generate £19.17 for the club. A £10.00 admission would actually generate £8.33 for the club. Following your assumption of a 1200 attendance (all adult) the reduced admission fee would result in a drop of £10,000 in income. This means that an additional 1200 adult attendees would be required just to reach the original income figure based on 1200 attendees at £23.00 less vat. Frankly no accountant/business consultant/speedway promoter would see the idea as a worthwhile risk considering their fixed costs such as riders wages (home & away), stadium hire etc would remain thus putting a huge risk/burden on the scheme immediately being successful. Edited 2 hours ago by 1 valve Quote Link to comment Share on other sites More sharing options...
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