RE: False information25 Jun 2021 13:29
You keep saying bye bye and then coming back to comment :-)
DC has capped his fee for the whole of the group and also foregone his Chairman’s fee, and he backdated that to April last year, so has done that for 20 months in total. I can predict everything but the future :-) so nobody knows what it will be from the end of 2022. But you know what, that’s like every single company that is out there, and there’s as much chance that he will keep the cap or lower it as there is of him increasing it. Suggesting only one outcome like you are doing is jsut being misleading.
As to margins at LCSE, anyone doing the most basic research will see that he margins are going to be fairly high. The cash outlay for these events is low, and LVCG is getting a share in the profits for most of them, or commissions, or things like TV rights. Take the cycling, all the costs are covered by pick and pay, and LVCG get the entry fee money, so the GP for that will be high. Same with the potential KPOP concerts, the 50,000 capacity stadium provider is providing that, and they have a partner to run it, so no capital outlay, yet they get fees, rights and a share in the profits.