New Stadium Details And Discussions
- Thread starter fozzi44
- Start date
Buggsy61
Washed Up Member
- Aug 31, 2012
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This week was probably one of the least spectacular if anything, but they are doing a lot of the groundwork for the new south stand, and what I think might be some of the workings for the retractable pitch (but what do I know!).
Agree, its great watching it take shape and the club has been brilliant in keeping us all up to date - I spend hours on the webcams, and its a job sometimes convincing the Mrs I am not watching porn!
Buggsy61
Washed Up Member
- Aug 31, 2012
- 5,651
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We will still have the memories, they can't take that away from us, and at least we are still on the old site, so it will always be WHL to me, no matter what they end up calling it.Every once in a while it just hits ya. White Hart Lane is gone
Lilbaz
Just call me Baz
- Apr 1, 2005
- 41,363
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Every once in a while it just hits ya. White Hart Lane is gone
It's changed not gone. Triggers broom.
L.A. Yiddo
Not in L.A.
- Apr 12, 2007
- 5,640
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SpurinChicago
Well-Known Member
- Jun 23, 2011
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Am I the only one that thinks "fuck this stupid fucking stadium?" By all accounts, it is going to cost 800 million pounds. As far as I can tell, the difference in match day revenue between us and Arsenal (the highest) is 60 million pounds. So, being kind and ignoring the time value of money, it will take at least 13 years to pay off with the additional revenue. Then, even after it is paid off, there is no competitive advantage gained. Liverpool, our closest competitor financially, still generates 100 million pounds more a year. So we aren't in a better competitive position after the stadium is paid off. Meanwhile, we sit here and cry poor while having the best team we have seen in at least 30 years. Just my .02.
louisg
Active Member
- Jan 7, 2004
- 928
- 84
Naming rights will pay a huge chuck of the money off. More fans means more money spent on secondary spend items, such as merchandise, food and beer.
Money will be generated from the deal with NFL.
We will also host concerts and events.
I'm sure there's lots more I've missed.
Money will be generated from the deal with NFL.
We will also host concerts and events.
I'm sure there's lots more I've missed.
Lilbaz
Just call me Baz
- Apr 1, 2005
- 41,363
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£800m is for the whole project. The stadium itself is probably £450m the rest are enabling developments (they help pay for the stadium).
As others have said naming rights, extra matchday income will also help pay for it.
We have also been paying for it for the last 10 years as well as the new training ground/academy.
The loans will probably be over 20 years at low interest (there might be some high interest ones for the first few years but they will be paid quickly).
If after all the enabling and naming rights etc... we have to pay £20m a year to pay off our debts we are still £40m a year better off (equivalent of cl football).
agrdavidsfan
Ledley's Knee!
- Aug 25, 2005
- 10,918
- 13,352
The stadium is actually flying up!
They only have that little bit to finish to complete the ring what is the next stage after that?
It looks like its well on time
They only have that little bit to finish to complete the ring what is the next stage after that?
It looks like its well on time
samspurs92
Well-Known Member
- May 17, 2010
- 2,105
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A lot of it will also be funded by the TV money that we're saving up, increased kit and sponsorships deals too.
BPR_U16
Well-Known Member
- Jun 28, 2006
- 1,790
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God you are absolutely spot on!!!! Never mind all the extra revenue a new stadium would bring, you are our financial guru
Let's stop what we are doing now and just remain at WHL ......................... oh bugger, too late for that
sherbornespurs
Well-Known Member
- Dec 9, 2006
- 3,771
- 9,283
In most respects football is no different from any other industry you care to mention: If you stand still and refuse to invest in the future, not only will you stagnate you will pretty rapidly fall into decline.
Is that what you want for our club?
SpurinChicago
Well-Known Member
- Jun 23, 2011
- 161
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But isn't our product the football? Isn't our revenue largely generated by having a successful product? Isn't our club refusing to invest in the actual product in order to build this stadium? All of the clubs above us in earnings (save Arsenal) generate roughly the same from gate receipts. Their increased revenue is a direct or indirect result of being actually successful. Why would an investment of 800 million (or 100 million for that matter) not be better spent on the actual football? The answer seems simple:risk. There is less risk in the stadium. Building it gives ENIC a larger profit when they sell off. But as far as I can tell, using Arsenal as the closest example, there is no real competitive advantage gained. Arsenal's trophy haul is significantly diminished following their move to the Emirates. Arsenal Wenger admits that they spent the last ten years (roughly) paying it off. But their owners made a killing, so there is that.
Lilbaz
Just call me Baz
- Apr 1, 2005
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Every team in the league has spent more than us on players over the last few years yet we finished 2nd. Spending money on players doesn't guarantee success.
widmerpool
Well-Known Member
- Jun 18, 2012
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There's an arms race between rights owners and streamers, and there is no guarantee that rights owners will win. They didn't, for instance, in the music industry, which can no longer make cash out of selling albums and now finds that live events are the best way of paying back A&R investment.
It's perfectly possible that matchday revenue will assume much greater importance in football financing, and that it will do so because of a sudden inflection point which leaves anyone with a small stadium shafted.
If the £800m makes sense in the current climate, great. In five years time it could be absolutely vital.
It's perfectly possible that matchday revenue will assume much greater importance in football financing, and that it will do so because of a sudden inflection point which leaves anyone with a small stadium shafted.
If the £800m makes sense in the current climate, great. In five years time it could be absolutely vital.
nailsy
SC Supporter
- Jul 24, 2005
- 30,536
- 46,630
Have you got a pension/retirement fund? You could spend that money now on a nice holiday, but then when you retire you're going to struggle to pay for your heating bill. Our investment in a stadium now means that we feel the pinch for a while, but once it's paid off we can match or at least get a lot closer to the spending of the clubs that already have the big grounds.
And there's also the issue about helping more supporters to see matches. It's almost impossible to get tickets for certain games at the moment.
Lilbaz
Just call me Baz
- Apr 1, 2005
- 41,363
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Tbh @SpurinChicago does have a valid point. Would it be better to invest in the team rather than the training ground and stadium?
In the short term probably yes. Buying players doesn't guarentee success but it gives you a better chance. But you do also have to pay the wages and if something goes wrong you can be in trouble.
In the long term no. We have already seen the benefits of the investment in the academy/training ground. The new stadium will bring in extra revenue that can be invested in the playing staff regardless of success (e.g. Cl football).
In the short term probably yes. Buying players doesn't guarentee success but it gives you a better chance. But you do also have to pay the wages and if something goes wrong you can be in trouble.
In the long term no. We have already seen the benefits of the investment in the academy/training ground. The new stadium will bring in extra revenue that can be invested in the playing staff regardless of success (e.g. Cl football).
THFCSPURS19
The Speaker of the Transfer Rumours Forum
- Jan 6, 2013
- 37,891
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Are you forgetting the improvements to Tottenham as an area?
SpurinChicago
Well-Known Member
- Jun 23, 2011
- 161
- 431
I am not saying that there should be no investment in capital infrastructure. But in my mind, the training ground and the stadium are different kettles of fish. The training ground is designed to improve players and facilitate recruitment. There is no line item on the balance sheet that will determine the ROI. Instead, the returns are visible on the pitch. An endevour designed to improve the product (football). The stadium, on the other hand, has no affect on player improvement or recruitment. It is all balance sheet. And will be a large outflow of cash for the better part of at least a decade. But is ultimately an endevour entered into to improve the bank accounts of our ownership group.
