New Stadium Details And Discussions

chico · Aug 20, 2018

mark_2017 said:
Arsenal would be worse off keeping Ramsey, not selling him.

Prob true, but such is the state of their team I couldn't think of a third player they could sell!!

coys200 · Aug 20, 2018

LexingtonSpurs said:
They are building 1, by using less than 20% of their net worth.

They can build two - if it were financially worthwhile.*

So, I think one of us is naive, but I don't think its me...

*When people like Kroenke and Levy/Lewis sit down and look at a project like a stadium - the first, and last, question they ask is: Is this financially worthwhile? And that means, they are crunching numbers and making a determination that the stadium will generate sufficient future revenue to justify the upfront investment. Investors at this level are not getting rich by spending a huge sum on an "expense" - they will only move forward if the project is EV+, and meets their risk tolerance.

My point is that he’s still financially stretching himself. If it was that easy for him he would have just put up the $3.8 bn himself instead of getting a loan for $2.2bn. As seen with WHL costs can double. Rams stadium was estimated at $4bn already $5bn.

brasil_spur · Aug 20, 2018

DanielCHillier said:
If we hadn't had this fire alarm issue, we would've been moving into the stadium at around 90%, but now with this additional delay every other trade has extra time to complete and snag everything, so it's no longer a rushed job. I'm sure some of the other sub-contractors have seen this as a blessing is disguise.

Can confirm this, not just the building itself but all other associated items and projects are feeling a bit less pressed right now.

coys200 · Aug 21, 2018

Mail saying city game will be moved to Monday. Which tbh makes all the media fuss about it seem slightly silly.

Bobbins · Aug 21, 2018

Just so glad we haven't ended up with either City or Liverpool as our first ever game at the new stadium.

ToDarrenIsToDo · Aug 21, 2018

Bobbins said:
Just so glad we haven't ended up with either City or Liverpool as our first ever game at the new stadium.

I ain't that fussed about the romanticism of the first game at home. It would have been nice to have a more winnable game but for me the sooner we are in there the better regardless of who we play now.

Wembley is costing us £2m per game, a hell of a lot of money when we have a stadium so close to completion if it wasn't for a few poor electricians doing the work on it it seems

Lilbaz · Aug 21, 2018

ToDarrenIsToDo said:
I ain't that fussed about the romanticism of the first game at home. It would have been nice to have a more winnable game but for me the sooner we are in there the better regardless of who we play now.

Wembley is costing us £2m per game, a hell of a lot of money when we have a stadium so close to completion if it wasn't for a few poor electricians doing the work on it it seems

Where did the £2m figure come from? That is a huge amount it would have meant we paid almost £50m last season?

ToDarrenIsToDo · Aug 21, 2018

Lilbaz said:
Where did the £2m figure come from? That is a huge amount it would have meant we paid almost £50m last season?

I read somewhere that the fee for Wembley last season was £20m for the whole season whereas because we were using it for a game here & there this time it's £2m per game. I'll try and dig out a link if I can find one but honestly not sure where I read that and if it's a legitimate source

adamsky · Aug 21, 2018

Crazy that Wembley costs £2m per game when you consider Wham pay that for season at the London Stadium. Although I guess the the saying ‘you get what you pay for’ certainly rings true.

ToDarrenIsToDo · Aug 21, 2018

adamsky said:
Crazy that Wembley costs £2m per game when you consider Wham pay that for season at the London Stadium. Although I guess the the saying ‘you get what you pay gor’ certainly rings true.

West Ham have genuinely hit the jackpot with that disgustingly unfair deal they got £1m-£2m per season when it instantly generates a further £30m in matchday revenue if all goes well and prices/ fan demand balance is reached is mental. They get a further £25m more than any other team based on their infrastructure gains over the next 100 years.

I don't like Arsenal but at least they weren't given corners to cut for such a massive part of the club so future success. The people in charge of that project and decision making when it came to the West Ham bid should be seriously looked into. They'll be able to throw money at it year on year until something sticks. I sincerely hope they go down

LexingtonSpurs · Aug 21, 2018

ToDarrenIsToDo said:
I read somewhere that the fee for Wembley last season was £20m for the whole season whereas because we were using it for a game here &a there this time it's £2m per game. I'll try and dog out a link if I can find one but honestly not sure where I read that and if it's a legitimate source

£2M per match seems like a losing proposition - but that may also be why we have opted not to use the stadium for domestic Cup matches.

mkkid · Aug 21, 2018

ToDarrenIsToDo said:
I ain't that fussed about the romanticism of the first game at home. It would have been nice to have a more winnable game but for me the sooner we are in there the better regardless of who we play now.

Wembley is costing us £2m per game, a hell of a lot of money when we have a stadium so close to completion if it wasn't for a few poor electricians doing the work on it it seems

Its 3 million a game.

hellava_tough · Aug 21, 2018

ToDarrenIsToDo said:
West Ham have genuinely hit the jackpot with that disgustingly unfair deal they got £1m-£2m per season when it instantly generates a further £30m in matchday revenue if all goes well and prices/ fan demand balance is reached is mental. They get a further £25m more than any other team based on their infrastructure gains over the next 100 years.

I don't like Arsenal but ATM least they weren't given corners to cut for such a massive part of the club so future success. The people in charge of that project and decision making when it came to the West Ham bid should be seriously looked into. They'll be able to throw money at it year on year until something sticks. I sincerely hope they go down

True, but Spam are also beholden to the changing political environment, since the stadium is owned by the 'public'

It's unlikely that they're going to get an easy ride for the next 100 years; if I were them, I'd be looking to buy the stadium lock stock and barrel, so I don't have to answer to public opinion every general election

SirHarryHotspur · Aug 21, 2018

2 million seems a lot , income from the Fulham game with an average seat price of approx £55 would have been approx. 3 million, so to pay 2 million to hire Wembley would seem excessive and a poor deal if it's true which I doubt.
This website suggested 15 mill for the whole last season https://www.footballinsider247.com/...nham-close-to-sealing-15million-deal-reports/ which sounds a more realistic figure

nicdic · Aug 21, 2018

Last season we got a good deal because we were dealing for the whole season.

Now we're dealing on single games and we're paying the price for it. The £2m and £3m figures have been doing the rounds.

I think this just goes to show how clearly we thought we'd be in.

worcestersauce · Aug 21, 2018

Presumably we don't get any income from cheese sales at Wembley

Coq_Au_Ginge · Aug 21, 2018

thought some of you may enjoy this?

Lilbaz · Aug 21, 2018

Edward has done a one year time lapse of the south stand.

mil1lion · Aug 21, 2018

I dont car how little West Ham are paying, I hate that stadium. I'm so glad we're building this amazing one instead and staying in Tottenham.

coys200 · Aug 21, 2018

There’s not a chance we are paying £2m a game. Levy would have moved it to Mk dons rather than pay that. £2m a game ?

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