- Jul 26, 2003
- 669
- 276
Lets put it another way then Sotm. We will be getting a lease for 200 years for land worth £300m for next to nothing. That is worth more than our club.
What's the rent? Simple question.
Sotm
Lets put it another way then Sotm. We will be getting a lease for 200 years for land worth £300m for next to nothing. That is worth more than our club.
What's the rent? Simple question.
Sotm
'Far cheaper'? Really?
Basically, we don't know that.
Compare net cost of NDP with the cost of
Stratford stadium
plus Crystal Palace (not a joke proposal)
plus S106 costs of Stratford
plus S106 costs of CP
plus annual rent to OPLC
plus annual contribution to legacy fund
Suddenly it starts adding up.
Cheaper? I'd like to see the real not the spinned figures.
No actual figures have been released as the Legacy board have asked for confidentiality. Believed to be in the region of £5m a year, a lot less than the interest on a £450m loan.
£5m a year meaning we pay £1bn over the 200 year lease? Doesn't seem the cheapest option in the long term.
Unless we can make an extra £5m a year in additional sponsorship which I'd suggest the club believe is very likely at the flagship stadium in the Olympic park.
It's not so much what we get for any particular sponsorship it's whether what we get is more than we get from a ground at Whte Hart Lane that is the relevant thing, I believe the club thinks that is potentially the case.Are we likely to keep on getting great naming rights after the first sponsorship deal though?
'Far cheaper'? Really?
Basically, we don't know that.
Compare net cost of NDP with the cost of
Stratford stadium
plus Crystal Palace (not a joke proposal)
plus S106 costs of Stratford
plus S106 costs of CP
plus annual rent to OPLC
plus annual contribution to legacy fund
Suddenly it starts adding up.
Cheaper? I'd like to see the real not the spinned figures.
Isn't an enormous events company prepared to partner us in Stratford? Why haven't they done the same for the NDP?
And won't we be able to sell much more land in Tottenham for development if we move out, probably without needing to borrow £200 million to develop it? That has to be factored in, too.
That's leaving aside the issues of extra income from naming rights and corporate, on a site that by 2019 will be on the Crossrail route, and the financing costs.
I hope we stay and the NDP happens, but the idea that the move doesn't make a lot of sense from a bottom-line perspective is strange. Indeed, I think it weakens the argument to stay, as it makes it about comparative costs of stadia, rather than about what we would be leaving behind.
And won't we be able to sell much more land in Tottenham for development if we move out, probably without needing to borrow £200 million to develop it? That has to be factored in, too.
Have just seen the Skysport.com poll on this. West Ham are edging ahead on 58.7% of votes. If you have strong feelings either way on this here is the website to vote yourself:
http://www.skysports..._188617,00.html
Isn't an enormous events company prepared to partner us in Stratford? Why haven't they done the same for the NDP?
Are we likely to keep on getting great naming rights after the first sponsorship deal though?
Not necessarily at the price Spurs plc is hoping for,*1* especially as it will presumably still be necessary for any developer to go through the CPO process the Dear Leader says it could take years to complete*2*.
We ain't saving 200m: nowhere near.
'Far cheaper'? Really?
Basically, we don't know that.
Compare net cost of NDP with the cost of
Stratford stadium
plus Crystal Palace (not a joke proposal)
plus S106 costs of Stratford
plus S106 costs of CP
plus annual rent to OPLC
plus annual contribution to legacy fund
Suddenly it starts adding up.
Cheaper? I'd like to see the real not the spinned figures.
Looks like we have gone out on the betting too. Currently WH 11/10, Spurs 9/2, Neither 6/4...from Skybet.
With the rumour that Boris wanted us to bid, and with him being one of the people ultimately deciding, I might be tempted at a little longer than 9/2.
Boris has no say Seb Coe has more sway than Boris.
OPLC makes the recommendation to Boris and the Hugh Robertson. They have final say.
When is the ultimate decision? OPLC makes recommendation on 28th is that correct?
Does anyone know how the desicion is made and who is on the board for this desicion?Looks like we have gone out on the betting too. Currently WH 11/10, Spurs 9/2, Neither 6/4...from Skybet.
With the rumour that Boris wanted us to bid, and with him being one of the people ultimately deciding, I might be tempted at a little longer than 9/2.