UEFA Prize Money

OneRedArmy · 17/10/2006 8:55 AM

Originally Posted by endabob1

Given the financial problems affecting most EL clubs I'd be interested to see the financial return from clubs campaigns in Europe, the prize money seems great but if you're spending 50k on a charter plane (incidentally I doubt it is quite that much) it won't go far.

If we hadn't adopted such a professional approach and schlepped to Gothenburg on one of Mr O'Leary's sardine tins (like many of us fans did), I suspect our European involvement would have ended there and then.

As for the 50k charter cost, bear in mind the plane has to fly from base to Derry (empty), Derry to Gothenburg, Gothenburg to base (empty). And then the whole way back again.

endabob1 · 17/10/2006 9:09 AM

Don't get me wrong, I think it's fantastic that EL clubs are going down this route. As has been said without taking the more professional approach the progress that has been made by EL clubs in Europe would undoubtedly have been slower or perhaps there would have been no progress at all.
I'm just surprised (as a sad accountant by proffession) at the finances of it all. The example of 50k to charter a plane shows the level of costs involved and once the various ancillary costs are taken into account the prize money is not as great as it first seems.

eirebhoy · 17/10/2006 9:12 AM

Originally Posted by Dazzy

IT is that much to charter a plane! People did look into it for the Paris game.

Yeah but the club is hardly paying the whole fee itself. They'll take up 30 about seats and then the other 100 are sold. I thought they'd be paying a max of €10k for flights and €10k for accomodation but I didn't realise the costs were so big.

Dazzy · 17/10/2006 9:15 AM

Originally Posted by eirebhoy

Yeah but the club is hardly paying the whole fee itself. They'll take up 30 about seats and then the other 100 are sold. I thought they'd be paying a max of �10k for flights and �10k for accomodation but I didn't realise the costs were so big.

But if they dont fill the plane they have to make up the cost themselves.

harps1954 · 17/10/2006 10:04 AM

Originally Posted by dcfcsteve

He didn't say we didn't make money - he's just saying we only made a modest net profit
TOTAL DEDICATED INCOME = €455,000 (only €245k received to-date).
TOTAL DEDICATED COSTS = €196,000

Although you still have ony received €245k to date, that still leaves a profit of €50k so far with €210k still to come (by your figures). Over a quarter of a million euro is nothing to be sniffed at. You also have not allowed for the seats that Derry would have sold to supporters to travel on the chartered flights, so allowing €150 per seat by 50 supporters by 3 games that would be another €22,500 of income. Also, you would have programme sales, half-time draw ticket sales, replica shirt sales, etc. which would probably boost your income by at least another €20,000. Although you wouldn't have made the millions that people seem to think you make out of europe, I'm sure Derrry still made well over €300,000 profit from Europe (regardless of when the money comes). That's more than a lot of First Division clubs would bring in, in an entire season. Derry done it in 6 weeks.

pete · 17/10/2006 10:59 AM

I always think if eL clubs can break even on gate receipt s versus expenses & manage to take the prize money as profit then they are doing very well.

I would estimate approx 1,000 euro cost to send 1 player or club member to an away game on average.

dcfcsteve · 17/10/2006 11:39 AM