Big news from the Bolton News

Natasha Whittam wrote:

rammywhite wrote:
Don't fret about it.
Park outside Halfords on Middlebrook for free and you get away just as quick as the  official car park. It'll be that scruffy bit down behind the police station anyway

I'd like to hazard a guess that Hipster has never been to Middlebrook in his life.

rammywhite wrote:

wanderlust wrote:

rammywhite wrote:I'm surprised that securitisation of season ticket sales hasn't been done so far as it is part of normal financial planning by other clubs. It's standard practice in the financial community and has been common practice on mortgages and long term leases for decades.

Can you explain to me how it creates new income? Surely they get what they get from season ticket sales? Securing loans against anticipated sales would just add cost wouldn't it?

It brings forward a sizeable slab of money up front. For example if BWFC season ticket sales are worth  (say) £3.5m a season (that's 10,000 people at £350 a time) that would be £10.5m over three seasons. Sell that now for about £10m and use that to pay down debt or buy  some new players.
It means lower revenues in future years, but if you're a gambler for success then there's a logic in bringing revenue forward. It simply means we get the money now rather than wait for it. There's virtually no new cost involved.