Banana
6th July 2004, 12:42
In what can only be described as good news, the club announced today a three-year deal with Qatar Airways (www.qatarairways.com) for advertising on the roof space of Griffin Park. The deal has been described by the club as "the largest in the Club's history".
After not producing any income last year (a move that required Paul Smith to be sold) the new paintwork will not only be good news for the club, but also for the surrounding residents who have had to suffer flaking paint drifting into their gardens.
Now of course we'd all like to know have this affects the club's financial position. Unfortunately these details haven't been released by the club. The important details are how much is the deal worth to the club and when do Qatar Airways actually handover the readies. The club hasn't told us if the deal is for one or both roofs but as the deal has been described as a "Stadium Partnership" I think we can assume it's both.
A little detective work indicates that this roof space income was budgeted at £150,000 last season (http://www.griffinpark.org/forums/showthread.php?p=430653), and that the club was looking for £450,000 for a three-year deal (http://www.griffinpark.org/forums/showthread.php?p=376380). This certainly is great news if these are the figures that Jerry Carter and his team have achieved. Obviously a great selling job must have been done, one wonders if the Qatarians, being "keen supporters of excellence in sports" would have liked a trip to Euro 2004 as the deal-clincher.
As far as the payment-schedule goes it would be nice to think the club got £450,000 up front but things always work that way and a yearly, quarterly or even monthly payment deal may have been done - we just don't know. Of course, the club may have offered a discount to the original price for an up-front payment.
After not producing any income last year (a move that required Paul Smith to be sold) the new paintwork will not only be good news for the club, but also for the surrounding residents who have had to suffer flaking paint drifting into their gardens.
Now of course we'd all like to know have this affects the club's financial position. Unfortunately these details haven't been released by the club. The important details are how much is the deal worth to the club and when do Qatar Airways actually handover the readies. The club hasn't told us if the deal is for one or both roofs but as the deal has been described as a "Stadium Partnership" I think we can assume it's both.
A little detective work indicates that this roof space income was budgeted at £150,000 last season (http://www.griffinpark.org/forums/showthread.php?p=430653), and that the club was looking for £450,000 for a three-year deal (http://www.griffinpark.org/forums/showthread.php?p=376380). This certainly is great news if these are the figures that Jerry Carter and his team have achieved. Obviously a great selling job must have been done, one wonders if the Qatarians, being "keen supporters of excellence in sports" would have liked a trip to Euro 2004 as the deal-clincher.
As far as the payment-schedule goes it would be nice to think the club got £450,000 up front but things always work that way and a yearly, quarterly or even monthly payment deal may have been done - we just don't know. Of course, the club may have offered a discount to the original price for an up-front payment.