That's good, still no figure on how much you pay to rent it, and how much does Leinster lose because they don't get any of the income generated by their home matches?
The redevelopments wouldn't have gone ahead without begging the government to pay up for it.
No, I don't believe the rental figures are available anywhere. But whether you rent, have debt, own, whatever your own ground there are costs associated with it (costs that Munster have been completely unable to meet and have to be picked up by the IRFU).
I also don't see how anyone could possibly look at the Leinster move to the RDS and see it as anything other than an unqualified success.
how much does Leinster lose because they don't get any of the income generated by their home matches?
What? What are you talking about?
Jump_In_Jack / Interested Observer - drop it and move on.
You're just making things up now.
the munster loan is such a soft loan its actually a positive.
1% over 53 years…. pfftt
should the wish, they could have the whole lot paid off in half the time, but like any soft loan, it would make no sense to.
Has anyone any concept what cost 100k a year will be to munster in 50 years time? it will be literal chicken feed. The debt repayments are absolutely not a stick to beat them with as they are pretty much inconsequential across the lifetime of the repayment's.
I have to admit, getting €0 from the gate receipts in a stadium you have to pay rent on sounds like an absolutely awful business plan.
It's 200k per year according to that Molecast video. It may be peanuts in 30 years but it's certainly not now.
its €100K
https://www.irishexaminer.com/sport/rugby/arid-31003687.html
Listening to Molecast was your first error, believing their content was your second one.
A positive for Munster, yes. From the IRFU perspective that loan is a subsidy, they'd get a better return if they put the money anywhere else.
Ultimately this is all just internal accounting and only the IRFU know the true cost of each province.
Thats from 2020, according to the podcast the terms of repayment will change from next year on and the repayments will be 200k per year.
I don't understand this point - what do you mean zero from the gate receipts?
For the RDS? That is absolutely, categorically, 100% not the case.
Mod Edit
Warning issued.
If something sounds like such an awful business plan maybe consider it might be you who doesnt understand before spouting nonsense.
It is simple - they rent the venue and they then sell tickets to the event. RDS get revenue from the rent, Leinster get revenue from gate receipts.
It is similar to any concert that takes place in a venue. Do you think Taylor Swift will be renting the Aviva and then get none of the ticket revenue?
How much do Leinster get from food/drink/etc sold at home matches in the RDS?
No idea, I never mentioned it in my post.
They however do get 'gate receipts', which the other poster somehow thought they didn't despite paying rent for the venue.
Hang on. the claim was that Leinster don't get any gate receipts from the RDS? Are we all agreeing that is absolute bollocks?
The restructured again in 2022/23, noted in the Annual Report.
As part of they agreed the following principal terms:
-Annual loan repayment of €200k
-50% of any additional multi-year ticket sales, 50% of any multi-year corporate box sales and 50% of net Thomond Park naming rights income on an annual basis.
I think pickarooney was replying to this post, but neglected to quote it. The sarcasm kind of gets lost without the quote.
In response, during 2021-22 season Leinster took in €4.4m in URC gate receipts, €1.1m was from the Munster fixture in the Aviva, and the remaining €3.3m was from RDS fixtures.
My understanding is that the RDS rental income is based off a relatively low percentage of ticket sales, but that the RDS take the majority of income from the on-site concessions.
Thank you for answering, that was what I was asking, there is no clear figure for what the loss is from renting and losing concession money and giving a % away for gate receipts. I think some people are happy to sling mud at Munster without having any clue about how much Leinster are losing by the way they rent their stadium. The IRFU have oversight across the 4 provinces and I expect operate to the best of their ability to be fair to all provinces. Blaming Munster for having a stadium is just having a dig at Munster for the sake of it.
The sarcasm was definitely lost without that.
The other poster has clearly lost the discussion if they are making claims 'what about the concessions' when their province is in huge debt that they'd be drowning in without the IRFU subsidising them with a sweetheart restructure.
The usuals will completely gloss over this when it comes to claims of other provinces receiving preferential treatment.
Blaming Munster for having a stadium is just having a dig at Munster for the sake of it.
No one is blaming Munster for having a stadium, they are fully within their rights to make a case to the IRFU funding they feel they need. Fair play to them for getting a sweetheart deal, where in other countries that type of Thomond decision would have bankrupted a club.
People are simply calling out the utter hypocrisy of certain posters who, to use your terms, 'sling mud' or 'have a dig' at Leinster for what they deem to be subsidies, while the same posters become incredibly defensive when it is pointed out that other provinces receive other types of subsidies, like Munster with their stadium.
(already cleared up)
Is there a suggestion that Leinster should just use the Aviva full time?
It's too big imo. Ended up playing most games there towards the end of last season, the novelty wore off, and the crowds were barely half filling it.
We'll see next season anyway with the RDS being unavailable.
No, too big for a lot of URC games and you end up having no atmosphere at the smaller games.
The Molecast was the IRFU financial report, details below
End of season report, it was from 2022, end of year is July, loan to Munster €6,561,778.
Following year 2023 €10,754,030
Due in 1 year, €100,000 in 2022,
€200,000 in 2023
55 year lease, 52 and a half year to repay based on 200k, I think it is a 1% interest loan(I didn't do the math)
Annual loan repayments of 200k, 50% of any additional multi year ticket sales, 50% of any multi year corporate box sales, 50% of Nett stadium naming right
Seem comprehensive and correct to me.
You will see a bump next season with people wanting to see the NZ lad, but long term the RDS is perfect size for Leinster for most games until the big ticket games which they can move to Aviva
Nah much easier to dismiss them out of hand when they don't suit by just shooting the messenger.
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