Quote:
Originally Posted by Mike Harte
I would add that Goodwood Estate employs an average (obviously the number fluctuates because of the events) of 850 people per week, and their wage bill comes to something like £25 million per annum.
All the income revenue for all the events, the hotel and other assets are paid to Goodwood Estates, and the vast majority of the annual profits are ploughed back into the business. A small amount is distributed as a dividends to the shareholders, but it should be noted that Lord March actually made a loan to the company in 2016, which is yet to be repaid, which far exceeded the total dividend that was paid.
|
In addition to the employment one shouldn't forget the volume of business brought into the area, local hotels, restaurants, shops etc all doing well off the back of the events, not to mention money collected at the events for charity.