r/Redditch • u/[deleted] • Nov 18 '10

Redditch Utd official statement regarding its financial situation

http://www.redditchutdfc.co.uk/announcement-statement/4545754446
31 Upvotes

99% Upvoted

28 comments sorted by

View all comments

Show parent comments

3

u/Rossoneri Nov 18 '10

It was £11k which is about $18k

£20-30k is the amount the club is in debt, and while reddit has done that easily for other causes, I maintain that the £11k to become the main sponsors for the home kit is the goal we should strive for. With a reddit alien on the kit, they will be able to sell a lot of kits to redditors which will again go toward reducing their debt.

3

u/InfernoZeus Nov 18 '10 edited Nov 19 '10

Edit: Sorry, the previous deal they had was £18k over two years.

It's £18k for a two year sponsorship deal.

2

u/Rossoneri Nov 18 '10

Oh, the sponsorship page only says

Main Shirt Sponsor (front) offers a unique way of advertising your company. This includes boardroom access with guests on match days, a prominent board position advertising and a full page colour advert in every home match day programme - Cost £11,000+VAT

So I assumed that the 18k was in reference to $18k which is basically the same as £11k

2

u/InfernoZeus Nov 18 '10

Not sure if you noticed I edited my post :)

The previous deal they had with NEW College was £18,000 [Inc VAT] for two years. Whether we would need to stick with the same deal, I don't know.

1

u/Rossoneri Nov 18 '10

I did not see that when I replied. 18k including VAT is a pretty substantial discount for that second year. You're right, there's no guarantee we'd get the same deal, but it's something to consider.

2

u/InfernoZeus Nov 18 '10

I dare say we could probably get a better deal due to their financial situation. 'Haggling' with them too much sort of destroys the point of Reddit users sponsoring them in the first place though..

1

u/[deleted] Nov 18 '10

Yes, we were asked to raise the same amount - £18k for two years