Sheffield Wednesday

[rich1471]

http://www.bbc.co.uk/sport/football/51129422, They have just launched a 10 year season ticket that will start if they get promoted to the premier league , But it they don't get promoted and they have got this ticket it is still  valid for 15 years.
 And if they get back up in say 2030 they still have 10 more years.

[the vicar]

That's brilliant but who couldn't afford that

[German Rover]

FFP is really kicking in for them. They need money right now and i reckon this is a symptom of it.

[NickDRFC]

FFP is really kicking in for them. They need money right now and i reckon this is a symptom of it.

I’d have thought this was a cash flow rather than an FFP issue, it wouldn’t really help reduce their losses as they would have to defer the majority of the income (ie recognise the amount in instalments over 10 years)

[drfchound]

To be fair though Nick, even though the income would have to be shown on the books of future years it is highly likely that they would spend the actual cash long before then, leaving them with even bigger cash flow problems in the longer term.
SWFC appear to be another club heading into a crisis.

[Axholme Lion]

Bradford City 25 year season ticket anyone? Look how that ended up.

[idler]

I have mates that bought them. When the club were relegated and they nearly went under it changed. They have been paying for some years now but can sit In the best seats at no extra cost and go in the McCall suite at no extra cost.
My mates would rather sit with family though so gain nothing.

[Northants Nomad]

Sounds like a company grabbing money ‘now’ through desperation. I’ve not seen the small print but I would expect the T’s and C’s to say it’s null and void if they go into administration. I would also question whether new owners would honour it. I’d be wary of these long term lock ins. Heck, I won’t even sign up to 24/36 month phone contracts so I’d run a mile from 10 and 15 year ticket deals in this volatile industry. 

[DonnyBazR0ver]

Article says it will be honoured if there's a change of ownership.

A strange one. I wouldn't have thought the Owls would be struggling to fill their stadium, unless they are behind what they had anticipated. The money they generate from this isn't huge I wouldn't have thought. Clearly with it kicking in after promotion, income from ticket sales is minimal compared to the income from TV etc once in the Premier League.

If the bubble bursts with TV etc, then that would be disaster.

I can't honestly see the real motivation.

[Metalmicky]

Didn't Leeds do a similar season ticket thing when Bates was in charge - think it was a 25 year one back in the early 2000's

[Bristol Red Rover]

Article says it will be honoured if there's a change of ownership....

Can you pass the tickets on? Theoretically, this could be a ticket forever, almost like eternal hell and damnation.

Over £15 years that would be £14.50 a game. More realistically, it would be over 25 years so around £8 a game. Would this encourage fans to not want promotion?

[idler]

Wasn’t the Leeds scheme linked to a bond and it faltered when the fans were due some money back?

[Axholme Lion]

Article says it will be honoured if there's a change of ownership.

A strange one. I wouldn't have thought the Owls would be struggling to fill their stadium, unless they are behind what they had anticipated. The money they generate from this isn't huge I wouldn't have thought. Clearly with it kicking in after promotion, income from ticket sales is minimal compared to the income from TV etc once in the Premier League.

If the bubble bursts with TV etc, then that would be disaster.

I can't honestly see the real motivation.

How can owner the present owner guarantee the actions of any future ownership?
This sounds really desperate to me. PL or BUST?

[DonnyBazR0ver]

Article says it will be honoured if there's a change of ownership.

A strange one. I wouldn't have thought the Owls would be struggling to fill their stadium, unless they are behind what they had anticipated. The money they generate from this isn't huge I wouldn't have thought. Clearly with it kicking in after promotion, income from ticket sales is minimal compared to the income from TV etc once in the Premier League.

If the bubble bursts with TV etc, then that would be disaster.

I can't honestly see the real motivation.

How can owner the present owner guarantee the actions of any future ownership?
This sounds really desperate to me. PL or BUST?

Because basically it's a contract.

If they use that finance to generate more lending to pay for summer transfer activity then it could be a slippery slope. As you say PL or bust!

[Axholme Lion]

Article says it will be honoured if there's a change of ownership.

A strange one. I wouldn't have thought the Owls would be struggling to fill their stadium, unless they are behind what they had anticipated. The money they generate from this isn't huge I wouldn't have thought. Clearly with it kicking in after promotion, income from ticket sales is minimal compared to the income from TV etc once in the Premier League.

If the bubble bursts with TV etc, then that would be disaster.

I can't honestly see the real motivation.

How can owner the present owner guarantee the actions of any future ownership?
This sounds really desperate to me. PL or BUST?

Because basically it's a contract.

If they use that finance to generate more lending to pay for summer transfer activity then it could be a slippery slope. As you say PL or bust!

I don't see a happy ending for this.

[silent majority]

Hmm, one financial issue to another with that club. The EFL is currently investigating the sale of Hillsborough to Chansiri and the backdating the revenue into a season where the FFP didn't stack up.

And, for the record, all season tickets are classed as liabilities in a clubs accounts, until of course the games are played.

[POD]

Didn’t Glasgow Rangers sell 10 year season tickets before going bust, making the tickets null and void?
Bury sold match day car parking spaces at the Gigg Lane ground ‘for life’ ... and look how that ended!
I would like to think that our ‘sustainable’ club would never consider such schemes as these. 

[big fat yorkshire pudding]

Hmm, one financial issue to another with that club. The EFL is currently investigating the sale of Hillsborough to Chansiri and the backdating the revenue into a season where the FFP didn't stack up.

And, for the record, all season tickets are classed as liabilities in a clubs accounts, until of course the games are played.

I'm not familiar with the rules but how do.liabilities work with ffp?