You can really see it flying up at this stage - it's all getting quite exciting!
So the cops have no say in how events are organised? The cops on the ground might have reacted well to the developing situation, but they would've been involved in the planning/ approving the plan for event too.Originally Posted by Jinxy
Yes.
If you attack me with stupidity, I'll be forced to defend myself with sarcasm.
I'm glad they've managed to get this far. Thought it could never happen at one stage.
Deffo need a home - Croker doesn't seem to suit us so far.
Quoting years at random since 1975
Will the FAI still be able to pay their share after ISG pulling out of the ticket deal? Paul Hyland (I know, the Heddild is a rag) suggested that the IRFU would gladly ditch them and go it alone if there were any financial hitches. Apologies if this was discussed elsewhere and I missed it.
I brought it up in an earlier post but nobody took any notice. I doubt the IRFU would go alone as it would cost them millions more and they would still probably have to leave the FAI use it.
The IRFU would only be too glad to go it alone. They have the reserves and own a huge tract of land at Newlands Cross that would buy out the FAI in the morning. They would be as happy as pigs in s****, as the govt would never have given them €190m to rebuild as sole owners, but the state wont cough up the shortfall now, so ownership would revert to the IRFU if the FAI pulled out.
Fair Play died Nov 18th 2009, Stade Francais.
Are you not getting way ahead of yourself like the Herald?
The FAI's asset is still in place namely the advance sale of the 10 year tickets.
There are still 10,000 premium tickets to be sold, of course their sales depend on the amount of demand for such tickets.
It looked to be a bad deal for ISG.
Buying all the (non returnable)10,000 tickets in advance for €9k each.
Maybe you know the terms of the contract, all parties signed some document and their obligations are spelled outThey would be as happy as pigs in s****, as the govt would never have given them €190m to rebuild as sole owners, but the state wont cough up the shortfall now, so ownership would revert to the IRFU if the FAI pulled out.
Are the Government obliged to the project or the parties in the project?
The FAI brought their share of the taxpayers money to the project.
Where do you get the idea from that the IRFU would be happy as pigs in shíte if they have to pay out another €100m at least, for a stadium that won't realise an extra financial return on that massive extra unplanned investment.
I never said the FAI wouldn't raise thier share of the money, I was merely responding to the question asked.
The state will not invest any more funds, so if the FAI were unable to come up with the funds you would either have to abandon the project or let someone else finish it. There is no way the IRFU will walk away.
IF the IRFU did finish the stadium they would get 100% of the rental revenue from all events held in the stadium and the FAI would be back to paying rent. So you're comment they won't realise an extra financial return is wrong.
If I was asked for my opinion I would have said that the FAI will fall short on thier side and be forced to raise additional loans to pay thier share. I do believe they will raise the money but some of it will be borrowed, unkie the IRFU who have the assets without having to borrow.
Fair Play died Nov 18th 2009, Stade Francais.
I think you might have an unrealistic view of the IRFU finances.
The IRFU could have become rich if it could have sold Lansdowne Road for zillions and built a stadium out in Newlands.
You remember all the talk about axing Rugby in Connaght, it was not the talk of a cash rich Union.
AFAIA the FAI generate more profit on turnover and the IRFU are struggling to break even.
The IRFU hope to raise the €90m with advance sales of premium tickets the same way as the FAI. I'd guess there would be a similar demand for both. The FAI and the IRFU are in the same boat.
Then there are the box seats.
The Newlands 90 acres, what is it worth now even if it was rezoned?
For the IRFU to pay the FAI's share, sell Newlands, borrow the rest - *€60m? imo the extra income gained by being sole owner from events would not cover repayments.
It's in the interests of both sports that they share the stadium construction costs and free up income for development of the sports.
The IRFU have sold all thier corporate tickets and the money in sitting in their bank, they had more than double the number of applications than tickets available. Their ticket prices were also significantly higher than what the FAI are looking for.
Newlands has been valued in excess of E200m.
The Connaught situation is different in that they were not willing to use thier assets fo fund current spending, which is very sensible.
Fair Play died Nov 18th 2009, Stade Francais.
I'm really looking forward to the new Lansdowne, can't wait to go back there. It'll be nice to have a sense of permanence when we're back. Just hope I've decent seats
Here they come! It’s the charge of the “Thanks” Brigade!
If the IRFU have sold their 10,000 premium seats and have had double the number of applicants then the FAI should have no problem selling their cheaper tickets when they go on the market.
There is not the same corporate demand for soccer as there is Rugby.
Pre Croke Park, the maximum attendance in Lansdowne was around 48K for Rugby and tickets were always like golddust, they are only getting a marginal increase in capacity of less than 5%.
Pre Croke Park the maximum attendance at a qualifier for soccer was 36,000 and there were very few games with a huge unmet demand for tickets. The capacity for soccer is to increase by in excess of 33%. If I was a rugby fan and could afford a 10 yr ticket I would buy one because tockets are alwyas scarce, however I will not be buying a 10 year ticket for soccer as im on the block booking and have been since day 1 and am guaranteed tickets. It's a harsh fact but soccer is not as popular here as rugby when it comes to fans parting with their cash.
The FAI have always struggled to sell long term tickets and will do so in the future. They will IMO however come up with the funds needed to finish the stadium even if it means mortgaging future sponsorhip funds or expensive bank loans.
Fair Play died Nov 18th 2009, Stade Francais.
The 10 year premium seats are not geared at the same block booker wannabe. It's a different market.
This is a €1200 pa ticket.
The FAI have said that they have done their market research on the demand for this type of ticket and are satisfied that more than enough demand exist.
I have no reason to doubt them, yet.
Even if there is only a 50% take up on the premium seats, the FAI should still have enough cash in hand to pay their share of the stadium costs without having to take bank loans.
I think you're missing my points
Your average rugby fan is far from guaranteed tickets due to excess demand and this is why the IRFU had a massive oversubscription for their tickets.
If there was a definite demand for tickets at €12,000 you can be sure someone would block buy all of them for a 25% discount.
The FAI will be very lucky to sell 10% of the tickets available. Corporates look for value for money, and there is no value in this. The reality is with 5 qualifers every 2 years the most there will be is 1 major match of interest to corporates per year equalling €1,200 a ticket, paid 10 years in advance, and they can buy a VIP match macket from the FAI's corporate hospitality partners for about €500 per match including meal and drinks reception.
I'm sorry but it's a no brainer and there is not going to be a queue of people looking for these tickets.
I still say they will raise the money in other ways and will complete the project on time.
Fair Play died Nov 18th 2009, Stade Francais.
There's no doubting that rugby internationals have a bigger corporate interest than football but the scarcity of tickets is overstated. It's only games against France, England and Southern Hemisphere teams that are very hard to get tickets for. There are usually tickets floating around for 6-Nations games against Wales, Scotland or Italy unless there's something big at stake like the Triple Crown game against Scotland a couple of years ago.
We're not arrogant, we're just better.
This is the problem the FAI face. The rugby team only play against established top 10 teams, there are no matches against Romania etc. Almost all matches are to an extent glamour ties (either because they are part of a 6 nations we could win) or because they are against recognised top 4 teams. So you know that you are getting tickets for these games.
The football team however have far more games against less glamorous teams. Looking at WC qualifying only Italy and (maybe) Bulagria are in any way glamorous. That's less than half the games. Add to that the fact that people know friendlies are a bit of a farce and maybe 25% of home internationals will appeal to people outside real fans. The only way to sell all tickets is for Ireland themselves to be a big draw and that is why success is so important.
Don't he IRFU just have 2 or 3 home competitive 6 nation games a year plus maybe one high profile friendly.
Basically the FAI were allowed into new Lansdowne as part owners because of the €95m taxpayers money that follows them.
The IRFU know what to expect from them as they have been sharing a ground for 35 years.
The FAI are contracted to contribute about 1/2 of what the IRFU are, so maybe that reflects the demand and value for their premium tickets.
Selling 5,000 ten year premium seats, some of the 1,500 box seats, some naming rights money should cover the FAI's slice
Money problems for the FAI?
http://www.sbpost.ie/post/pages/p/st...105-qqqx=1.asp
Not a great time to be trying to shift a load of 10 year tickets.
Posting Permissions
Quote
Bookmarks