The loss is the deficit of income compared to the clubs expenditure. I'm afraid there is no voodoo or dark magic involved and 'empty seats' have no impact. With regard to showing a business running at a loss, BFC has significant corporation tax losses brought forward as at May 2016. How these will be reflected against the results for 2017 which includes transfer income will be interesting.
You're not investing, you're purchasing access to a bit of plastic you can park your arse on 23 times a season to watch a game of football. Nothing more, nothing less.
You're missing the point. If I see myself as a customer of BFC and, for whatever reason, I am not happy with their "product" I will take my "custom" elsewhere. As a supporter I will not. If I stop being a supporter and start being a customer I'm off to Huddersfield or Bradford as it's either a better "product" and/or cheaper.
Can't agree Dave. You're purchasing, in the main, the "product" on the pitch. It's like going to a gig and saying the ticket price gets you entrance into a venue - not to see a performance.
But that is exactly what I am saying. The product is the football match which you watch from the piece of plastic. It is the purchase of a product not an investment. You have the same rights as if you went to a concert. If you didn't like the gig then complain and watch another band. I've now got on my tin hat as cover against the 'yer can't change yer team' comments. That I can understand as there is an emotional investment but you don't actually pay for the emotional investment with your £300. You pay for the product, a football match.
So no. Because you are a supporter. If you were a customer you would have gone elsewhere. 4,000 people watched Leyton Orient lose 18 home games out of 23. If you took your "custom" to any other establishment in the country you wouldn't put up with 18 bad experiences. However, supporters will.
I'm glad someone else replied to the "empty seats" bit. It had me wondering if I could try and offset my customers that didn't have any work done this year, against my taxable income! Sent from my SM-G850F using Tapatalk
You don't pay for the emotional investment - but that's what keeps us coming back year after year. Like I'm trying to explain to Tyrone, if we were customers rather than supporters and not emotionally invested - 90% of us would have packed in back in October/November 2015. With your £300 which you pay to the club, you believe (hope!) they will invest the money to improve the product on the pitch. So the supporter is hoping the club spend his/her money wisely. If I go into Teco and do a weekly shop, as long as they treat the staff well I don't give a **** what they do with the money. If Tesco goes bust I'll shop at Asda*. If BFC go bust I won't find another football club. * I shop at M&S.
Ah but you have to eat, you don't have to watch football. I actually agree with both of you. In my opinion you are a customer of an organisation that has an in-elasticity of supply. There's only one BFC you can't browse the market for a replacement BFC. There is also a massive level of emotional investment and belonging which means you have a feeling of 'brand loyalty' of which Asda can only dream. You are a supporter. Err please don't kill me for 'brand loyalty'. And you are right that the club makes investments with the money you have spent with them to buy their product.