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UC's Contracts with FCC Cincinnati - Cut and Paste
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Captain Bearcat Online
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Posts: 4,625
Joined: Jun 2010
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I Root For: UC
Location: Normal, IL & Cincy
Post: #41
RE: UC's Contracts with FCC Cincinnati - Cut and Paste
(12-16-2016 09:45 AM)Kco17 Wrote:  
(12-15-2016 11:31 PM)BearcatsUC Wrote:  
(12-15-2016 08:10 PM)JackieTreehorn Wrote:  
(12-15-2016 08:07 PM)BearcatsUC Wrote:  
(12-15-2016 07:25 PM)CliftonAve Wrote:  Per this contract UC gets $5k a game and gets to keep parking revenue. FC gets all of their ticket revenue and merchandise. We split food and beverage.

FC Cincinnati gets all concession revenue until capital payback.

What a rip off.

I'm honestly confused about this part of the deal.

I'm a big FCC supporter and I'm fine with the renovations but this doesnt make any sense to me either. Why would UC be paying for renovations that FCC requested. I could see something like this in play for a scoreboard or sound system that has mutual uses by both parties. The wall was explicitly an FCC request so I don't get why UC is paying for any of the costs.

It makes perfect sense to me (and I'm not a soccer fan).

Let me rephrase what UC gets and see if you like it now:
1) UC gets an annual fee of $20k for signing the contract
2) UC gets $5k per game
3) UC gets all parking revenue
4) Every season, after ticket sales top 85,000 UC starts receiving $0.25 per ticket (so for 2018 that's $88,049.25)
5) After cumulative concession revenue reaches $4 million, UC starts receiving half the concession revenue.
 
12-06-2018 11:11 AM
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