Coventry City Chairman Tim Fisher has said that the Sky Blues are worth more than £930,000 to Wasps over the course of a season.
Using the programme v Blackpool, for his latest piece of avoiding any reference to the legal action that the two companies that he is a main director of, are taking against Wasps, Arena Coventry Limited and the City Council, Mr Fisher wrote:“There is seemingly one point of confusion upon which the club would like to add clarity.
“We have all seen published statements that the Club contributes around £100,000 each year to the landlord's stadium finances.
“However, for the avoidance of doubt, during the 17/18 season, the club contributed somewhere in the region of £930,000 to the landlord’s stadium finances.
“This included the £80,000 (this was League 2 – in League 1 it is £100,000), ACL matchday costs (e.g floodlights, undersoil heating etc), payments made to IEC (the stadium catering Joint Venture company) and revenue from Food & Beverage sales on our matchdays.
“This does not include other stadium related income such as car parking, for example, and secondary revenue such as fans drinking in the café and Bar in the atrium, booking hotel rooms or the value our matchdays with fans frequenting the on-site casino.
“On top of this figure, there was also non-matchday events we held at the stadium such as Evenings with Kevin Keegan and Harry Redknapp.
“Outside of the stadium there is a financial ‘halo effect’ with local pubs and shops benefiting from match day attendance.
“The Club directly employs a total of nearly 400 full-time and part time staff, which includes matchday stewards and employees, and indirectly employ many more local people, including over 200 each game at the stadium in catering.
“Beyond a substantial financial contribution to the City, Coventry City is a significant part of this City’s history and culture and is undoubtedly a cornerstone institution.
“Indeed, there is no price or value put on the feelings that the supporters have for their club and that is why it is imperative that the Club continues to push for a solution and a resolution to the current impasse.”