No, no, dearest Matthew, you’re looking at this the wrong way...
We pay the rent anyway, and our only revenue is from match tickets. Firoz Kassam is the one who loses with a season behind closed doors. The club could make as much money as it normally would have, if not more, through online streaming, but he can’t. No kiosks in the concourses, no quad bar, no hospitality services, no burger vans paying rent, no people in the hotels on match day, or the other units he rents to people... he’s the one who misses out. We pay the money to play matches and use internal office space - that is our lot. Our only revenue is selling tickets for the match. He takes everything else. If we don’t choose to sell tickets, or aren’t able to, there’s nothing he can do about that. He loses match day revenue - ours simply moves online. We take our money because in a world where all focus and revenue comes from viewing the game digitally, it’s the only side to the match day experience that possesses any demand. That pesky lease of his completely flips on its head in a world where people don’t physically go to the stadium. In that world, Oxford United controls 100% of revenue. Pay him his rent - fine. Whatever. That’s his only money. He’s lost a fortune.
The only way his lease becomes a disaster, rather than a total master stroke, is in the event of some sort of global pandemic where society grinds to a halt and people don’t leave their houses.
Well. Lookie here.