News4 mins ago
Arts Venues Welcome £1.57Bn Government Support
With so many theatres, etc., on the brink of collapse, good news indeed.
https:/ /www.bb c.co.uk /news/e ntertai nment-a rts-533 02415
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Premier League clubs generated £3.3 billion in tax revenue and contributed £7.6 billion to the economy during the 2016-17 season according to recent analysis.
And the Government spend that revenue subsidising tourists’ theatre tickets in the West End of London. Meanwhile Wigan Athletic get zilch financial help when they go bust because paying fans are not allowed in grounds.
Premier League clubs generated £3.3 billion in tax revenue and contributed £7.6 billion to the economy during the 2016-17 season according to recent analysis.
And the Government spend that revenue subsidising tourists’ theatre tickets in the West End of London. Meanwhile Wigan Athletic get zilch financial help when they go bust because paying fans are not allowed in grounds.
// Meanwhile Wigan Athletic get zilch financial help when they go bust because paying fans are not allowed in grounds. //
Wigan haven't gone bust just because of that, there's something awfy smelly about their administration. the administrators said that a club going under after only a month "under new management" (sold by one Hong Kong equity firm to another) was a first. there's also supposed to be a video online that alleges the administration is connected to a substantial bet laid in the philippines on Wigan's relegation at the end of the season.
Wigan haven't gone bust just because of that, there's something awfy smelly about their administration. the administrators said that a club going under after only a month "under new management" (sold by one Hong Kong equity firm to another) was a first. there's also supposed to be a video online that alleges the administration is connected to a substantial bet laid in the philippines on Wigan's relegation at the end of the season.
Hmmm. I’m all in favour of saving theatres. But with any aid I wonder how they will actually use it. We tend to get a lot of ‘quangos’ and ‘working groups’ that suck the pot dry.
For theatres in particular I would simply use last years takings as a benchmark and allow social distancing 8n theatres but the fund pays the other seats that would usually be sold. The fund shouldn’t be used to shore up past deficits or maintenance or shareholders.
Some to pay what they would have got if the lockdown hadn’t happened ie: to pay basic expenses and then a like for like match funding on ticket sales (up to a max match of course).
As much as it might seem unfair I think there should be no bonuses or dividends or anything like that for the time being. These places need to get back on their feet and that’s what the fund should be for.
For theatres in particular I would simply use last years takings as a benchmark and allow social distancing 8n theatres but the fund pays the other seats that would usually be sold. The fund shouldn’t be used to shore up past deficits or maintenance or shareholders.
Some to pay what they would have got if the lockdown hadn’t happened ie: to pay basic expenses and then a like for like match funding on ticket sales (up to a max match of course).
As much as it might seem unfair I think there should be no bonuses or dividends or anything like that for the time being. These places need to get back on their feet and that’s what the fund should be for.
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