- Jun 8, 2012
- 18,257
- 70,419
I'm guessing a bit here. I don't know what publication that redacted image is from - looks like a journal in which upcoming major tenders are published for the benefit of the construction industry. So I also don't know how accurate the figure might [not] be.
The fact that it says 'calculated' suggests to me that the publication have worked out the figure, based on limited information & their assumptions, as opposed to being told by THFC that the project will be funded with £188.2m of private investment, i.e., money from outside the club. That would suggest that the publication is [also?] aimed at investors, i.e., venture capitalists who commonly bankroll development projects.
The gap between the figures of £188.2m here and the total mooted cost of £450m is partly accounted for by the Northern Development, which I am pretty sure has been cash-flowed by Sainsbury's, partly accounted for by the possibility that the club is seeking to fund part of the scheme with an equity investor (possibly the same as the beneficiary of the naming rights? I'm guessing again...) and partly accounted for by an element of direct investment by ENIC.
I don't think the build period of one year for the whole stadium, the four refurbished listed buildings, the retail, the infrastructure improvements and the piazza is remotely realistic. It wouldn't surprise me if the publication's database has a default 12 month construction period unless someone inputs something else and no one knows, so they haven't entered anything.
Thank you, David. Same to Jambreck and Dovahkiin (spelling?) too. You guys are a necessity for those of us who live far away from N17