Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Cash windfall for local business following QPR's promotion

Mon 9th May 2011 | Money & Finance

Shepherds Bush businesses could benefit from a £700,000 a year cash windfall following Queens Park Rangers (QPR) successful promotion to the Premier League, according to the local authority.

Hammersmith & Fulham Council estimates that businesses, particularly on Uxbridge Road and around Shepherds Bush Green, will gain significantly from more passing trade - as glamour ties against Manchester United, Liverpool and a series of high profile London derbies boost attendances at Loftus Road.

The figure does not include the extra £40m a year- from television income, higher gate receipts and increased commercial income - that the club can expect to make now the row over Alejandro Faurlin has been resolved successfully.

Despite being the fourth smallest borough in the UK, Hammersmith & Fulham is already home to high-flying Chelsea FC and Fulham FC and now that Queens Park Rangers have been promoted, they are the only borough in Britain with three top-tier football teams.

Cllr Stephen Greenhalgh, Hammersmith & Fulham Council Leader, says: "We are proud to be the home of two fantastic top-flight football clubs and we want QPR to go up and make it a hat trick.

“Shepherds Bush is already a destination with attractions like Westfield, the BBC, Shepherds Bush Theatre and Market and if QPR were to regain their place at football's top table it would provide an additional boost for the area.

"Our football clubs are key businesses locally that generate jobs and wealth for borough residents and put a lot back into our local neighbourhoods."

Last month, Hammersmith & Fulham Council announced an agreement that will see local football clubs pay for match day traffic management - saving hard-pressed taxpayers more than £100,000 a year.

£12million a year could be saved if the arrangement was replicated across the country.

---------------------------------------------------------------------------------------------------

RETURN TO LATEST NEWS SECTION

SUBSCRIBE TO THE F.C. BUSINESS RSS FEED

 

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Mats Hummels Joins Juan Mata For Common Goal

Thu 17th Aug 2017 | Money & Finance

Bayern Munich and Manchester United stars unite behind Common Goal #CommonGoal World Cup winner and Bayern Munich player Mats Hummels has become the second footballer to join Common Goal , pledging 1%...

Aldershot Town Gets Financial Support From Council

Tue 15th Aug 2017 | Money & Finance

Aldershot Town Football Club has confirmed that Rushmoor Borough Council has agreed to a package of financial support for the club, including rent and rates relief, until 2021. Following on-field...

Chinese debts emphasize need for local players’ association

Thu 27th Jul 2017 | Money & Finance

FIFPro is ready to offer assistance to professional footballers in China and other parts of the world where local player associations do not yet exist. Media reports this week revealed several Chinese...

SPFL: No fresh tax scheme sanctions against Rangers

Wed 26th Jul 2017 | Money & Finance

The SPFL Board today announced, following legal advice from eminent Senior Counsel, Gerry Moynihan Q.C., that there will be no further disciplinary proceedings taken by the SPFL connected with the use...