Campaign 09 Feedback (previously known as "Ulrich is a tw*t").
- Thread starter Super Tit
- Start date
I'm afraid the vendor portfolio Millennium events attract can only worsen as the financial situation consolidates itself.
It remains to be seen whether or not the Millennium can take the necessary steps to not only rationalise their business but at the same time 'give value for money' to the teams ..... history has shown us the MS do not negotiate this type problem very well.
They need an outside perspective to help them understand what they need to do and not the incestuous introspection that so often follows threads like these.
And NO, I don't mean to suggest I can, or will, give them the necessary outside perspective, let some other bugger do it ....
It remains to be seen whether or not the Millennium can take the necessary steps to not only rationalise their business but at the same time 'give value for money' to the teams ..... history has shown us the MS do not negotiate this type problem very well.
They need an outside perspective to help them understand what they need to do and not the incestuous introspection that so often follows threads like these.
And NO, I don't mean to suggest I can, or will, give them the necessary outside perspective, let some other bugger do it ....
Well Chris and Jon from LIPS were in the Draxxus tent for WDP, but not WDP themselves.
Good point, I have always wondered how on earth they could take that much money in and yet still claim they never made any profit ......well, I wondered a lot but then I was told jeff abbott took all the takings to the bank and then all became clear ......
LOL 
Hard part is trying to work out their expenses.
Obviously these are really rough figures based on figures that I know, ramped up heavily to reflect the larger size of the events.
Site rental for 3 days play, with an extra 2 days either side for setup and cleanup - £10,000
50 Referee's + other staff @ £100 a day for three days = £15,000
Transportation of all items to and from site - £5,000
Storage of equipment between events - £5,000
Replacement/Repair of equipment per event - £10,000
Cleanup costs & other sundry costs such as those nice shiny new jackets - £5,000
Total = £50,000 (assuming its £10,000 site rental for the entire time)
Total = £90,000 (assuming its actually £10,000 per day site rental for the 5 days)
At best they walk away with £126,000 to split amongst the Millennium members a their cut, or bank for future events/development/thai ladyboys or whatever.
At worst they have £86,000
Either way Im sure they can stop charging food and trade vendors so as to entice them to turn up (trade) and not gouge us on costs (food)
Hard part is trying to work out their expenses.
Obviously these are really rough figures based on figures that I know, ramped up heavily to reflect the larger size of the events.
Site rental for 3 days play, with an extra 2 days either side for setup and cleanup - £10,000
50 Referee's + other staff @ £100 a day for three days = £15,000
Transportation of all items to and from site - £5,000
Storage of equipment between events - £5,000
Replacement/Repair of equipment per event - £10,000
Cleanup costs & other sundry costs such as those nice shiny new jackets
- £5,000Total = £50,000 (assuming its £10,000 site rental for the entire time)
Total = £90,000 (assuming its actually £10,000 per day site rental for the 5 days)
At best they walk away with £126,000 to split amongst the Millennium members a their cut, or bank for future events/development/thai ladyboys or whatever.
At worst they have £86,000
Either way Im sure they can stop charging food and trade vendors so as to entice them to turn up (trade) and not gouge us on costs (food)
Okay, let's run with it...
Turnover of 176500 for an event. 17,5% of that is VAT, so that's actually 150212 cash in hand.
Using your costs, we take (best case scenario) 50000 out of that, which leaves us with 100212. This is then split how many ways? 4 or 5? Let's say 5.
That's about 20K each. Sounds nice. But here comes the tax man! In the region of some 40% will get chopped off of that again, leaving them with 12K. Still a nice amount, but keep in mind (having seen this first hand) it takes more than 6 months to get the whole thing organised, and it requires the help of a lot of staff, besides the regular MS staff (all these guys run companies besides the MS and often use their own staff to do the legwork during the run up), taking even more money, but let's be conservative with that, and say it leaves them with 10K in hand (which it won't). This is the reward they get for more than 6 months of working 60-80 hour weeks. That's 26 weeks, avarage of 70 hours per week, that's 1820 hours, meaning about 5,50 quid an hour that they made... Not that much suddenly... I made a lot more than that selling horticultural refreshments.
Again, I can fault the MS for many things, but it ain't the cash cow many of you think it is. Seen it up close and first hand. It ain't pretty.
And I didn't even mention that the money sometimes is split with local people as well (as happened in Amsterdam).
Turnover of 176500 for an event. 17,5% of that is VAT, so that's actually 150212 cash in hand.
Using your costs, we take (best case scenario) 50000 out of that, which leaves us with 100212. This is then split how many ways? 4 or 5? Let's say 5.
That's about 20K each. Sounds nice. But here comes the tax man! In the region of some 40% will get chopped off of that again, leaving them with 12K. Still a nice amount, but keep in mind (having seen this first hand) it takes more than 6 months to get the whole thing organised, and it requires the help of a lot of staff, besides the regular MS staff (all these guys run companies besides the MS and often use their own staff to do the legwork during the run up), taking even more money, but let's be conservative with that, and say it leaves them with 10K in hand (which it won't). This is the reward they get for more than 6 months of working 60-80 hour weeks. That's 26 weeks, avarage of 70 hours per week, that's 1820 hours, meaning about 5,50 quid an hour that they made... Not that much suddenly... I made a lot more than that selling horticultural refreshments.
Again, I can fault the MS for many things, but it ain't the cash cow many of you think it is. Seen it up close and first hand. It ain't pretty.
And I didn't even mention that the money sometimes is split with local people as well (as happened in Amsterdam).
Absolutely Buddha, wouldn't assume it was a cash cow, and Im having to make some pretty big assumptions on costs. In fact I'd assume that some of those costs are higher meaning less cash available for all involved afterwards. (Although I'd disagree on the 20k/12k in hand figure as if they have any sense they'll have accountants working their magic to pay the taxman less.......I do hehe)
The point is that even after all of that, there is still (assuming the figures are even remotely close to realistic) room for them to make some minor sacrifices in some area's for the greater good to entice more trade in, and make the customers happier. Happy customers are regular customers. Customers who feel they are getting their moneys worth will come back again. More happy customers mens more teams playing, which means more money going back to the Millennium.
They could also (and I know many disagree with it) charge a minor entry fee for non-participants. £1, or maybe £2 per person. Thus they recoup the money they lose from making cuts elsewhere so as to improve the events.
The point is that even after all of that, there is still (assuming the figures are even remotely close to realistic) room for them to make some minor sacrifices in some area's for the greater good to entice more trade in, and make the customers happier. Happy customers are regular customers. Customers who feel they are getting their moneys worth will come back again. More happy customers mens more teams playing, which means more money going back to the Millennium.
They could also (and I know many disagree with it) charge a minor entry fee for non-participants. £1, or maybe £2 per person. Thus they recoup the money they lose from making cuts elsewhere so as to improve the events.
Not forgetting that there are no generator, plant, grandstand, marquee, toilet, etc. hire, or a compressed air supply.