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I wonder if anyone knows what the current setup is regarding the contracts for catering and programmes.

 

I know Azure have got a contract for catering, do they pay a licence fee and then they take all the match day takings, or do they pay a lower fee and the club gets a slice of the till receipts?

 

Same with the programmes, does the club get a fixed fee so it doesn't matter how many they sell or is the clubs income from programme sales dependant on the number sold?

 

Anyone?

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I always thought we got rent and a small slice of the profits from Azure and programmes being driven by demand.

 

GS on FF said the contract had been given to another printer after having a reliable firm for many years who always looked after the club.

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I wonder if anyone knows what the current setup is regarding the contracts for catering and programmes.

 

I know Azure have got a contract for catering, do they pay a licence fee and then they take all the match day takings, or do they pay a lower fee and the club gets a slice of the till receipts?

 

Same with the programmes, does the club get a fixed fee so it doesn't matter how many they sell or is the clubs income from programme sales dependant on the number sold?

 

Anyone?

 

I imagine the catering contract is now one of the onerous contracts Wallace likes to mention but not name.

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Elior nets double contract win at Rangers Football Club

 

Rangers Football Club has awarded Azure Support Services, part of Elior UK, two new contracts; a nine-year extension to its catering contract and a five-year deal that will see Azure provide all the cleaning services at Ibrox Stadium and Ranger’s training ground, Murray Park.

 

The cleaning contract makes Rangers the first of Elior’s concessions contracts to be supplied with both catering and cleaning services concurrently.

 

“Azure has always enjoyed a fantastic relationship with Rangers Football Club as the catering provider,” explains Elior regional director Kenny Finlayson. “But we were not the obvious choice for the club when the cleaning contract came up for tender.”

 

Commenting on the appointment Ross Macaskill, stadium manager pointed to the synergy with other parts of the business, “Azure was able to demonstrate that it had the right experience and support structure in place and that it is best equipped to run the contract. We were impressed by the team’s fresh and innovative ideas and could see the added value in awarding the contract to Azure – a company that already has an established client relationship and an extensive knowledge of both the stadium and training ground.”

 

Donna McLellan, head of hospitality & events from Rangers Football Club adds, “We have enjoyed a close working partnership with Azure over the last 11 years to ensure we can provide the very best in stadium hospitality and are keen to continue and build on this relationship. The Azure team has given us an exceptionally high standard of service and we look forward to seeing the difference its cleaning service will make to the club.”

 

As well as the delivery of all match day hospitality and public catering, Azure will continue to manage all non-match day events within Ibrox Stadium and the catering services at Murray Park, the club’s training ground.

 

http://www.elior.co.uk/news/elior-nets-double-contract-win-rangers-football-club

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Craig Whyte used Rangers future income from catering to upgrade kitchens at Ibrox

 

By Mike Farrell

23 February 2012 13:03 GMT

 

Rangers owner Craig Whyte used future income from the club's match-day catering to pay for new kitchen equipment at Ibrox.

 

The club received new cookers and other catering equipment in a deal with finance house Close Leasing in October 2011.

 

This equipment from the Surrey company made up part of the £1.7m investment to upgrade the kitchens and big screens at Ibrox, promised by Mr Whyte in his purchase agreement when he took over the club last May.

 

According to documents lodged with Companies House, the agreement with Close Leasing sees it receive a proportion of the income Rangers make from their contract with catering firm Azure. It is understood this revenue stream is being used to pay back the debt for the kitchen equipment.

 

The amount Rangers owe Close and the length of the deal is not publicly available. Close Leasing refused to comment, stating that it was a "confidential client matter".

 

Last year, Azure renewed its contract with Rangers for nine years, and also took over cleaning duties at Ibrox, in a deal worth £35m.

 

The use of the finance tactic by Mr Whyte to pay for part of his pledged investment in Rangers comes after he finally confirmed he had sold future season ticket sales to London firm Ticketus for £24.4m to help fund his takeover.

 

Administrators Duff and Phelps revealed £18m had been taken from the Ticketus deal to pay off the club’s debt to Lloyds Banking Group, while the insolvency firm is currently trying to account for the remaining £6m or so from the season tickets payment.

 

http://news.stv.tv/west-central/298783-craig-whyte-mortgaged-rangers-catering-income-to-upgrade-kitchens-at-ibrox/

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£3m for catering revamp at Ibrox

 

Martin Williams

Friday 24 February 2012

 

CRAIG Whyte used around £3 million of future income to refurbish Rangers' catering facilities.

 

The club entered into a hire purchase agreement with finance company Close Leasing in the middle of last year to pay for new kitchen equipment and to improve catering facilities.

 

The Herald understands that prior to the takeover, Azure, which provides catering at the stadium, agreed to put up £1m while Rangers put up nearly £2m. In return Azure was to have its contract extended and have other "royalty" payments enhanced.

 

Mr Whyte, as part of a commitment to takeover the club in May, said his Rangers FC Group would provide £1.7m to "fund capital expenditure in relation to improving kitchen and public address equipment at the stadium".

 

It was understood that the catering refurbishment was needed as Rangers had been warned facilities would not pass health and safety regulations.

 

According to Companies House filings, Close Leasing now has a security over future catering revenues, a move usually brought in to guarantee payment.

 

Close Leasing has refused to comment on the matter. Whyte's representatives would not comment.

 

Sources for the administrators Duff and Phelps confirmed the equipment was bought on a hire purchase agreement.

 

Last year, Azure renewed its contract with Rangers for nine years, and also took over cleaning duties at Ibrox, in a deal worth £35m.

 

The revelation comes after Whyte confirmed he had sold future season ticket sales to London firm Ticketus for £24.4m to help fund his takeover. Duff and Phelps said £18m had been taken from the deal to pay off the club's debt to Lloyds Banking Group.

 

http://www.heraldscotland.com/news/home-news/3m-for-catering-revamp-at-ibrox.16844754

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