Mayor Boris urges Spurs to boost riot-hit Tottenham by pressing on with new stadium

alex3

tottenham till i die
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London Mayor Boris Johnson has urged Tottenham to pursue plans to build a new stadium in their traditional home in the north of the city.
Tottenham, who had also bid for the right to move into the Olympic Stadium in east London after the Games next year, have been given planning permission to build a new stadium at Northumberland Park within the borough of Haringey, close to their current ground at White Hart Lane.
The Greater London Authority (GLA) and Haringey Council have put forward a joint offer of £17million to help with infrastructure improvements as part of the overall regeneration of the site and Johnson has now urged Spurs to proceed with the project.

He said: 'Tottenham Hotspur has long been an integral part of the community and by staying true to its roots the club now has the power to revolutionise an area of the capital that has been neglected for far too long.
'Last month's riots were a telling reminder of just how important it is for Spurs to press ahead with the development at Northumberland Park and to help kick-start a much wider regeneration project that would create jobs and give Tottenham the economic boost it deserves.

'The club knows there is no more money available from the public purse and I sincerely hope that they accept the offer we have made. "It is not just in the best interests of Tottenham Hotspur and the fans of this great London club, but of the wider north London community.'
Haringey Council Leader Claire Kober said: 'It is critically important that Spurs commit to Tottenham to help drive forward regeneration in this very deprived area.
'We realise that there are viability difficulties and have worked with the GLA to pull together an in principle offer of assistance, which is of course subject to planning approval. We believe this offer would help to bring the scheme forward.
'We've always said we want very much for Spurs to stay where they are revered and we feel belong. That means we remain willing to discuss matters with Spurs.'

http://www.dailymail.co.uk/sport/fo...ottenham-riots-new-stadium.html#ixzz1ZG9ZfMwb
 

Spurger King

can't smile without glue
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#2
Bit of a change of tone there. Looks like they're trying to put the emphasis on Spurs bankrolling the developments in the area without much government assistance.

As much as I want to see us stay in the area and help the local community, I wasn't aware that we were a charity prepared to do the government's job for them.
 

millsie

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#5
Why should Spurs have the onus thrust upon them for the regeneration of an area which has long been ignored by local and national government? Funny how a bit of a riot makes them wake up, but not enough to stop them trying to get the job done on the cheap.
 

BillyWhizz

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#6
Those pics look awesome really hope it turns out like that and keeping the atmosphere and pitch dimentions the same will be important many clubs struggle a bit initially after moving to new stadiums. Arsenal might have more money these days but since playing on a bigger pitch have done fuck all it mucked up there style of play.
 

Wheeler Dealer

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#7
It would appear from the statement that the £60m they spent buying the land would be considerbly cheaper it they bought the land now as a consequence of riots and general economic situation.
 

Lilbaz

Just call me Baz
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#9
It would appear from the statement that the £60m they spent buying the land would be considerbly cheaper it they bought the land now as a consequence of riots and general economic situation.
Only if the people were willing to sell.
 

JimmyG2

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#10
I think that THFC do have an obligation to do their bit for the local area in the light of the recent events and because of our history in the area.

The players do their share personally and the club by its links with the local community but at the very least the club should commit to go ahead with the NDP in exchange for as much as they can screw out of the local council, Boris's funds or whatever.
At the moment this stands at approaching £20 million.

Don't let's cut off our nose to spite our face.
 

Dundalk_Spur

The only Spur in the village
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#12
So West Ham are getting £40m for an already built stadium and we get offered £17 to help build it, right, er no deal Noel.
 

benski

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#14
defo no deal. would rather fight for stratford and spend the difference on players if this is the result
 

Misfit

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#15
So West Ham are getting £40m for an already built stadium and we get offered £17 to help build it, right, er no deal Noel.
Pretty much. If Levy came out and literally said "Fuck off, fatso!", I think it would be appropriate. Maybe then, these sleazy ****s would get the message.

If Spurs leave the area, the short-term might be a big PR hit to THFC but medium term, as the wilful neglect of the area continues, as it has done for decades, the PR war will be lost by the politicios.

Not that any of that means much in the overall scheme of things. The country will be even deeper in debt and God knows what wars by then.
 

millsie

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#19
THe Gospel according to Wiki
Finance
The £470 million cost of the project, augmented by the extra costs the club had to meet besides building the stadium itself, was a formidable obstacle, especially as Arsenal were not granted any public subsidy. Arsenal had difficulty obtaining finance for the project, and work ceased just after it had begun, before restarting when a £260 million loan package was obtained from a consortium of banks, led by the Royal Bank of Scotland.[55]
In August 2005 Arsenal announced plans to replace most of the bank debt with bonds. The proposed bond issue went ahead on 13 July 2006. The club issued £210 million worth of 13.5 year bonds with a spread of 52 basis points over UK government bonds and £50 million of 7.1 year bonds with a spread of 22 basis points over LIBOR. It was the first publicly marketed, asset-backed bond issue by a European football club.[56] The effective interest rate on these bonds is 5.14% and 5.97% respectively, and they are due to be paid back over a 25-year period; the move to bonds has reduced the club's annual debt service cost to approximately £20 million a year.[3] On 31 May 2007 the club's net debt stood at £262.1 million.[3]
However at the same time there are multiple sources of income for the club; the remainder of the Lough Road site is being used for new housing, as are the surplus areas around the stadium at Ashburton Grove. Highbury is currently being converted into apartments, most of which have been sold. In total, more than 2,000 homes will be built at the three sites, and the club is counting on the profit from these developments to make a major contribution towards the costs of the new stadium. Other sources of revenue include the £100 million from Emirates for the naming rights, to be paid over the course of the deal[17] and a £15m contribution towards the capital costs of the stadium's catering facilities from catering firm Delaware North, which has a 20-year exclusive contract to run the stadium's catering operation.[57]
Finally, there is the increased revenue from the stadium itself. In 2005, Arsenal's then chief executive Keith Edelman commented that the new stadium is expected to increase Arsenal's turnover from typically £115 million to around £170 million.[58] Final accounts for the year ending May 2007, Arsenal's first season at the Emirates, show that Arsenal's turnover has increased to £200.8 million, compared to £137.2 million the previous year and that group operating profits increased to £51.2 million.[3] Even once debt repayments are taken into account, the club's turnover has increased by at least £20 million a year,[59] (in 2006–07 the club recorded a surplus of £37 million