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New Stadium Details And Discussions

CoopsieDeadpool

Well-Known Member
Jun 8, 2012
18,257
70,419
Papers keep giving this Billion figure , not a financial genius but this was the last statement on finances I can find https://www.tottenhamhotspur.com/news-archive-1/club-announcement-new-stadium-scheme-financing/

Mr Levy must be confident of our financial position giving lucrative contracts to Poch , Harry & Co. but recent stadium setback could have financial implications.


But I'm extremely often informed that evil Mr Levy couldn't give a fuck about on the pitch advancement, and only cares about balancing the books and making money for himself and and big bad Joe Lewis.

I guess you needn't worry about concerning yourself with things like financial implications. :whistle:
 

Chris Flynn

Well-Known Member
Aug 3, 2012
1,459
3,988
If i had a pound for everytime a post started with 'im not a financial guy/builder/project manager ect i would have enough for a new stadium
 

LexingtonSpurs

Well-Known Member
Aug 27, 2013
13,456
39,042
Just by way of comparison - there are two new NFL stadiums under construction:

Las Vegas - will host the Oakland Raiders - cost is $1.9B - will take at least 3 years to build.

Los Angeles - will host the LA Rams (Kroenke's team) - cost is $4.9B (includes development) broke ground in late 2016, and will be ready for the 2020 season.


So, a couple of points - £1B for a stadium is relatively cheap. It sounds like a lot (and it is a lot) - but in the world of building modern stadiums - Levy has probably cut a few corners to keep the price down as crazy as that sounds. (Its probably why the roof is not higher - so that the video boards are not blocked, nor should they block any seats - that reeks of a cost-savings move.)

And, second, it takes a long time to build a stadium. Spurs tried to do in 2+ years what should take nearly 3 years.
 

Lilbaz

Just call me Baz
Apr 1, 2005
41,363
74,893
Just by way of comparison - there are two new NFL stadiums under construction:

Las Vegas - will host the Oakland Raiders - cost is $1.9B - will take at least 3 years to build.

Los Angeles - will host the LA Rams (Kroenke's team) - cost is $4.9B (includes development) broke ground in late 2016, and will be ready for the 2020 season.


So, a couple of points - £1B for a stadium is relatively cheap. It sounds like a lot (and it is a lot) - but in the world of building modern stadiums - Levy has probably cut a few corners to keep the price down as crazy as that sounds. (Its probably why the roof is not higher - so that the video boards are not blocked, nor should they block any seats - that reeks of a cost-savings move.)

And, second, it takes a long time to build a stadium. Spurs tried to do in 2+ years what should take nearly 3 years.

Neither of those teams you mentioned are paying for those stadiums though are they? As far asmi'm aware no team in the history of sport have spent as much as us on facilities. So yes it is a lot of money.
 

LexingtonSpurs

Well-Known Member
Aug 27, 2013
13,456
39,042
Neither of those teams you mentioned are paying for those stadiums though are they?
I believe they both are - at least in part:

The cost, which was reported by the Las Vegas Sun from stadium authority documents, comes from $850 million provided by the Raiders, another $750 million from public funding, which are the county's hotel room taxes, plus $200 million from the NFL's "G4" loan program.


Los Angeles Rams owner Stan Kroenke and his wife, Ann Walton Kroenke, are investing $1.6 billion in the team’s new Inglewood stadium, a project that now costs in excess of $4 billion. The information was provided by finance sources after banks met earlier this month to arrange a $2.25 billion loan for the construction.
 

coys200

Well-Known Member
May 22, 2017
8,436
17,403
I’d imagine we will get some clarity this week. Not sure they can just let this drift in a state of limbo. I’m sure the PL will need some specific dates. And they’d surely have to sort the city game out this week as well. Also I believe CL draw is end of next week. I’m actually quite surprised Mace haven’t been more vocal. This is shocking PR for them with so many rumours flying around. If I was building a stadium tomorrow they wouldn’t be top of my list,not sure it reflects brilliantly on populous either.
 

coys200

Well-Known Member
May 22, 2017
8,436
17,403
I believe they both are - at least in part:

The cost, which was reported by the Las Vegas Sun from stadium authority documents, comes from $850 million provided by the Raiders, another $750 million from public funding, which are the county's hotel room taxes, plus $200 million from the NFL's "G4" loan program.


Los Angeles Rams owner Stan Kroenke and his wife, Ann Walton Kroenke, are investing $1.6 billion in the team’s new Inglewood stadium, a project that now costs in excess of $4 billion. The information was provided by finance sources after banks met earlier this month to arrange a $2.25 billion loan for the construction.

Another reason arsenal are screwed. Building a $4bn stadium with $2.2bn debt, it’s pretty clear where kroenke priorities will lay.
 

Stoof

THERE IS A PIGEON IN MY BANK ACCOUNT
Staff
Jun 5, 2004
32,219
64,273
I’m sure someone else who deals with theses sort of building contracts has said that, penalty clauses are infact illegal now days and instead we put in incentive clauses. One would have obviously been for the stadium to be finished on time which Mace clearly won’t be receiving.

ILLEGAL!

PUT THEM IN PRISON!

Not true. Not by a long shot. A penalty will be probably be unenforceable i.e. - if we said give us £200million if you are 4 seconds late - but Liquidated and Ascertained Damages (LADs) are fine. They are a thing and will be based on something.
 

Stoof

THERE IS A PIGEON IN MY BANK ACCOUNT
Staff
Jun 5, 2004
32,219
64,273
I’d imagine we will get some clarity this week. Not sure they can just let this drift in a state of limbo. I’m sure the PL will need some specific dates. And they’d surely have to sort the city game out this week as well. Also I believe CL draw is end of next week. I’m actually quite surprised Mace haven’t been more vocal. This is shocking PR for them with so many rumours flying around. If I was building a stadium tomorrow they wouldn’t be top of my list,not sure it reflects brilliantly on populous either.

Think they're probably quite happy that the majority of the outrage is focussed on Spurs, rather than them.

If I was a betting man - and I am provided there's a free bet involved (#ProfitSquad) - I'd suggest that if there is "fault" to be apportioned, it would probably be apportioned wholly to them. Not something I think they'd want to shout about.
 

Donki

Has a "Massive Member" Member
May 14, 2007
14,451
18,966
Think they're probably quite happy that the majority of the outrage is focussed on Spurs, rather than them.

If I was a betting man - and I am provided there's a free bet involved (#ProfitSquad) - I'd suggest that if there is "fault" to be apportioned, it would probably be apportioned wholly to them. Not something I think they'd want to shout about.

I wonder who else applied for the tender, and was their bid the lowest any inside info?
 

beats1

Well-Known Member
Feb 22, 2010
30,006
29,551
Just by way of comparison - there are two new NFL stadiums under construction:

Las Vegas - will host the Oakland Raiders - cost is $1.9B - will take at least 3 years to build.

Los Angeles - will host the LA Rams (Kroenke's team) - cost is $4.9B (includes development) broke ground in late 2016, and will be ready for the 2020 season.


So, a couple of points - £1B for a stadium is relatively cheap. It sounds like a lot (and it is a lot) - but in the world of building modern stadiums - Levy has probably cut a few corners to keep the price down as crazy as that sounds. (Its probably why the roof is not higher - so that the video boards are not blocked, nor should they block any seats - that reeks of a cost-savings move.)

And, second, it takes a long time to build a stadium. Spurs tried to do in 2+ years what should take nearly 3 years.
You cant compare a football stadium to a NFL stadium

A NFL stadium has a shorter lifespan, is often more expensive because its a larger build and often built specifically to get a Super Bowl. The Raiders Stadium is a probably more like a football stadium than NFL but every other recent NFL build has been more complex than any football stadium ever. Also that $1.9m figure also includes the raiders building a training facility.(Im a Raiders Fan-ish, depending on what happens with Mack)

Its more comparable to look at stadiums built for world cups, as they often are big developments, our stadium is a big development for a club but our stadium alone didnt cost £1b

Chelsea's stadium on the other hand was always going to cost around that if not more than that figure but thats because they had a lot of engineering challenges and they were trying to build a very unique design. Our stadium is a relative simple structure that has been made to a high standard whereas chelsea's and often NFL stadium's are complex structures that are very expensive just from a design pov.

Also you cant compare the time frames, as the stages you're quoting of the other stadiums are in the same stage we where 3 years ago. We started work in 2015 lets not forget. The raiders stadium time frame is actually just a little over 2 and half years not over 3 years.
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LA stadium
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view more at
http://www.lased.com/#renderings-gal

OR

The Raiders stadium in Las Vegas
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LexingtonSpurs

Well-Known Member
Aug 27, 2013
13,456
39,042
Ironically enough - despite your protestations to the contrary - you just compared NWHL to two NFL stadiums...

And, you accepted that the Raiders schedule is accurate - i.e. that it will be complete on time - when 2/3rds of the milestones has yet to happen. Even with that caveat its still nearly 3 years - and they do not have to build around an existing structure for a year.

Building a stadium is not easy. Building it on a very tight deadline is nearly impossible. Spurs were ambitious, but that should not be seen as a negative, that they could not meet an aggressive build schedule.

(Oh, and if you are comparing life-spans - I would not compare World Cup - specific venues, many of which go unused after a WC.)
 

Martin91

Well-Known Member
Jun 26, 2014
660
1,652
Papers keep giving this Billion figure , not a financial genius but this was the last statement on finances I can find https://www.tottenhamhotspur.com/news-archive-1/club-announcement-new-stadium-scheme-financing/

Mr Levy must be confident of our financial position giving lucrative contracts to Poch , Harry & Co. but recent stadium setback could have financial implications.

Or maybe the fact we didnt spend a penny in the transfer window when it was rumoured we had 150m to spend...... maybe that has covered the costs of the stadium
 

mpickard2087

Patient Zero
Jun 13, 2008
21,886
32,513
Or maybe the fact we didnt spend a penny in the transfer window when it was rumoured we had 150m to spend...... maybe that has covered the costs of the stadium

I'm not going to get into a discussion about it, and I'll try to phrase this as diplomatically as possible (though if it falls foul of censor, so be it), but any rumoured "warchest" figures, past present or in future, need to be taken with several gazillion tons of salt - which never seems to be the case, but......

As for the stadium, not sure I understand these demands for clarity and that the club aren't giving fans enough info. It's quite likely the club don't have much idea as it stands, might take one month/might take a year, who knows, doesn't sound like something that they can just go 'well this is the problem, it will take this long to fix'. At some point a call will have to be made if this is going to rumble on for months, but it needs time to assess and work that out.
 

Martin91

Well-Known Member
Jun 26, 2014
660
1,652
I'm not going to get into a discussion about it, and I'll try to phrase this as diplomatically as possible (though if it falls foul of censor, so be it), but any rumoured "warchest" figures, past present or in future, need to be taken with several gazillion tons of salt - which never seems to be the case, but......

As for the stadium, not sure I understand these demands for clarity and that the club aren't giving fans enough info. It's quite likely the club don't have much idea as it stands, might take one month/might take a year, who knows, doesn't sound like something that they can just go 'well this is the problem, it will take this long to fix'. At some point a call will have to be made if this is going to rumble on for months, but it needs time to assess and work that out.

Agreed on the "warchest" i think we all know that now
on the stadium it could of been handled in other ways especially the "Rumours" that had been floating around for a few months it would never be ready for liverpool game and they were so confident it would be and then it turns out those rumours are true..... i think we would be better off just saying Wembley for the season as we will already be having to play the CL games there after the latest club statement i highly doubt they will let us break the rules on two grounds
 
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