New Stadium Details And Discussions
- Thread starter fozzi44
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danielneeds
Kick-Ass
- May 5, 2004
- 24,182
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If they could get £150m from Bloomberg, along with the rumoured £100m that Sainsbury's are paying for the supermarket lease - that would be a brilliant start to funding it. If Uncle Joe could be persuaded to stick in £100m for getting a stand named after him we would only need £100m in loans - chump change!
jimtheyid
T'riffic
- Apr 16, 2005
- 13,497
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AKA "White Hart Lane" :lol:
worcestersauce
"I'm no optimist I'm just a prisoner of hope
- Jan 23, 2006
- 26,966
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Bloomberg's at White Hart Lane!!
Spur-of-the-moment
Well-Known Member
- Jul 26, 2003
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The last we heard was that EH had given their blessing to the NDP. They would not object to the demolition of Fletcher House and were happy that the changes in the plan offered by THFC were sufficient to compensate for the loss of that building.
Has there been a change?
Spur-of-the-moment
Well-Known Member
- Jul 26, 2003
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£450m is the gross headline figure put around by folks in order to hype the THFC investment in the NDP. It should be unpacked.
The net requirements for future finance should subtract the projected profits made from the supermarket, the hotel & residential complex, and the costs so far of the NDP, including fees and property purchases. They are therefore significantly smaller: say £300m, perhaps £350m, perhaps less, bearing in mind the lower construction costs in the current climate. This net cost would be made up from the stadium itself, the cost of compulsory property purchases and the various planning obligations.
(£100m sounds excessive for the supermarket lease -- over what period? -- but these things may be calculated in different ways.)
We can be sure Joe Lewis wouldn't donate £100m just like that, but ENIC/Tavistock might underwrite a share issue to the tune of, what, up to £75m? Then there's the sale of seating rights, though is that a going concern? There may be other rights the new man Charlie Wijeratna is negotiating, say to the tune of £25m? Or more?
Add all that to the putative £150m naming rights deal, and the remaining £50m - £100m could be found through a bond issue. We want to control financing costs and we already have a net debt (mostly from the property purchases related to the NDP so far) of £64m (~ £80m including the CRPS thingies), which is easily manageable but I imagine we wouldn't want it to go too much higher.
Lots of guesswork there, but the financing does not look unfeasible.
kishman
Well-Known Member
- Apr 22, 2005
- 10,575
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Who said?
fazza
Well-Known Member
- May 5, 2004
- 17,285
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JurgentheGerman on COYS, just been reading the thread over their actually so only just seen this.
Interesting.......
MattyP
Advises to have a beer & sleep with prostitutes
- May 14, 2007
- 14,041
- 2,980
Not pouring scorn on JurgentheGerman's information, but Bloomberg was mentioned in relation to naming rights about six months ago and £150m is the figure that most people have been using in respect of how much we could realistically get.
Would therefore be interested if this information has come about through specific knowledge or simply regurgitating previous information.
Would therefore be interested if this information has come about through specific knowledge or simply regurgitating previous information.
ChristianBaler
Well-Known Member
- Aug 13, 2010
- 1,877
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Wasnt that for the shirt sponsorship though??
MattyP
Advises to have a beer & sleep with prostitutes
- May 14, 2007
- 14,041
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Maybe, but I seem to recall some discussions about Bloomberg for the naming rights as well. I'm sure the Bloomberg Arena or some such has been mentioned before.
sloth
Well-Known Member
- Mar 7, 2005
- 9,018
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Just done a quick internet research on Bloomberg sports sponsorships or sports related sponsorships. I discovered that they sponsor...
No one.
It was only a quick research, so if anyone knows better I'd like to hear it.
I saw that through one of their subsidiaries, Bloomberg Finance L.P. they have an interest in fantasy sports games and they do a lot of the software and website stuff for MLB fantasy sports games, so perhaps there's a connection there?
What I would say is that although clearly an international corporation, their core business and focus is very much in the US. If they were going to go down the route of corporate sponsorship of a sports team you'd have thought they'd go for a US team rather than an English football one.
And the amount we're talking about in sponsorship terms could not be justified in fantasy football software sales.
It all seems quite fishy to me. But again, if someone can show where they do have a history of this kind of sponsorship deal, I'd be really interested to see it.
No one.
It was only a quick research, so if anyone knows better I'd like to hear it.
I saw that through one of their subsidiaries, Bloomberg Finance L.P. they have an interest in fantasy sports games and they do a lot of the software and website stuff for MLB fantasy sports games, so perhaps there's a connection there?
What I would say is that although clearly an international corporation, their core business and focus is very much in the US. If they were going to go down the route of corporate sponsorship of a sports team you'd have thought they'd go for a US team rather than an English football one.
And the amount we're talking about in sponsorship terms could not be justified in fantasy football software sales.
It all seems quite fishy to me. But again, if someone can show where they do have a history of this kind of sponsorship deal, I'd be really interested to see it.
SpunkyBackpack
Well-Known Member
- Dec 8, 2005
- 7,831
- 9,372
Call me a killjoy or inaccurate or whatever but as far as i remember JTG hasnt got a single piece of ITK right for a very long time, hence his fondness for riddles and whatnot.
Jus sayin
Jus sayin
chrissivad
Staff
- May 20, 2005
- 51,646
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- Staff
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he has called a few things over on COYS. Nothing huge, but some things that dont always bet brought over here
camaj
Posting too much
- Aug 10, 2004
- 8,195
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That would make him joint top of the accuracy of ITK info league then!
SpunkyBackpack
Well-Known Member
- Dec 8, 2005
- 7,831
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Fair do's, i withdraw my snippy comment.
Lilbaz
Just call me Baz
- Apr 1, 2005
- 41,363
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But wouldn't that be the whole point of sponsoring a Prem team? They have huge coverage in America, but with us could improve their global marketing brand. Not saying that it is going to happen just making a point.
ChristianBaler
Well-Known Member
- Aug 13, 2010
- 1,877
- 1,246
A mate of mine has this to say
After we talked about Bloomberg last night, I wanted to get my bosses take on it this morning. Here's what I know as of a couple of hours ago. Bloomberg is apparently looking to make "significant" investments in Europe in the coming months. Especially in London, which is his European base. So his next move could very well be to increase his profile Europe, naming rights can do that. But a word of caution, just because stadium rights may be on the shortlist it doesn't mean it at the top of the list, so to speak. So that's his view and minutes after my conversation this hit the wire.
LONDON (Dow Jones)--U.S. media giant Bloomberg said Monday it has agreed to buy a major site in the City of London from Legal & General Group PLC (LGEN.LN) to build a new European headquarters.
Financial details of the transaction weren't disclosed.
The company is buying Walbrook Square and is working with well-known architect of Foster & Partners to construct two new buildings, one that will contain in excess of 46,5000 square meters of office space to accommodate Bloomberg's growth, and another building. The site, which is 3.2 acres, will also accommodate generous public spaces and retail, the company said.
Plans are at an early stage with construction planned to start 2012 with completion in 2015.
Bloomberg's current London base at Finsbury Square has been the company's hub for Europe since 1987 and after various expansions now houses some 2,300 employees.
"Bloomberg's London headquarters has always been an integral part of the company," said Chairman Peter Grauer. "This new project underscores our commitment to London and to expanding our presence in this world-class financial capital," he added
After we talked about Bloomberg last night, I wanted to get my bosses take on it this morning. Here's what I know as of a couple of hours ago. Bloomberg is apparently looking to make "significant" investments in Europe in the coming months. Especially in London, which is his European base. So his next move could very well be to increase his profile Europe, naming rights can do that. But a word of caution, just because stadium rights may be on the shortlist it doesn't mean it at the top of the list, so to speak. So that's his view and minutes after my conversation this hit the wire.
LONDON (Dow Jones)--U.S. media giant Bloomberg said Monday it has agreed to buy a major site in the City of London from Legal & General Group PLC (LGEN.LN) to build a new European headquarters.
Financial details of the transaction weren't disclosed.
The company is buying Walbrook Square and is working with well-known architect of Foster & Partners to construct two new buildings, one that will contain in excess of 46,5000 square meters of office space to accommodate Bloomberg's growth, and another building. The site, which is 3.2 acres, will also accommodate generous public spaces and retail, the company said.
Plans are at an early stage with construction planned to start 2012 with completion in 2015.
Bloomberg's current London base at Finsbury Square has been the company's hub for Europe since 1987 and after various expansions now houses some 2,300 employees.
"Bloomberg's London headquarters has always been an integral part of the company," said Chairman Peter Grauer. "This new project underscores our commitment to London and to expanding our presence in this world-class financial capital," he added
