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New Stadium Details And Discussions

whitelightwhiteheat

SC Supporter
Jul 21, 2006
6,517
3,195
As far as I know yes he is, doesn't he also still own a sizeable stake in Spurs?? :shrug:

He sold his remaining shares to ENIC maybe 5 years ago?

I was never under the impression that he was a massive Spurs fan or anything like that, I could be wrong though...
 

dsl

Member
Mar 8, 2007
34
46
What are the alternatives should we fail with our bid? Two issues stand out in terms of continuing the build at the NDP.
Can the capital be raised? Spurs says it is not viable. They must have taken into account the following:
a.the additional costs brought about by the revised plan.
b.the transport difficulties in getting 56,000 bums onto the seats every forthnight.
c.the changed financial picture, where bankers may, under the new financial parameters, baulk at committing such massive loans to a construction in Harringey.
d.the possible reluctance of the shareholders to contribute as much as was originally anticipated in terms of equity participation. Joe Lewis recently took a beating on the markets.
e. after months of search and negotiations, it does appear that naming rights to the NDP stadium is not proving that appealing to businesses.
Can Spurs service this debt if financing is somehow secured?
a.the NDP, given its location and smaller capacity in relation to the OS, may not be able to attract significant corporate clients. Other clubs are better located.
b. the existing transport system may rule out the maximisation of ticket revenues.
c.the drastic reduction of housing units means revenue loss.Furthermore, it may take several years, after build completion, for revenue flow.
d.naming rights revenues garnered would probably be less than what could, in tandem with AEG, have been negotiated for the OS.
e.Champions league revenues cannot be relied upon year in year out.
f. I have no idea what can be recovered from the supermarket lease, when and for what lenght of time.
g.the hotel in Harringey may well turn out to be a white elephant.
h. unlike the OS plan there doesn`t seem to be any other alternative source of revenues such as proposed by AEG.
The likelihood of reverting to the NDP, as is, is slim.It has been mentioned that interest payments alone may exceed 40 million.After record turnover last year,Spurs still recorded a loss. Even making do without marquee players signings and cutbacks in the present first eleven, it may prove impossible to service the debt. Spurs have stated that it is not viable. I prefer to accept that over the suppositions of the N17 and Lammy.
The alternatives are bleak. Retain the current stadium and slowly decline until we are overtaken and reduced like WH to battling against relegation. At the moment it may seem unlikely but all it takes is inability to upgrade the squad or a change in management for the worse.
It has been speculated that a billionaire may take over. Show me a dumb billionaire and I will show you a liar. Billionaires especially, carry out stringent due dilligence. Had any such creture been interested in a stadium in Harringey, it would have been done by now.
The most likely option is that, given the constraints prevalent in London, Spurs may well relocate to the neighbouring counties. Wonder what Lammy and N17 will have to say about that.
My hope is, if not the OS, Spurs, Central Gov, Tfl and Harringay can for the good of all, get together and work out a comprehensive transport overhaul, establishing and facilitating links between the city, main communication hubs and Harringey. Opening Harringey to the City and the main lines is the key. Spurs will then be in a position to harvest the city businesses and AEG will be in a position to bring its entertainment circus to Harringey. North London will be opened up for investment. However, given the amount of cost involved, that may well be a pipe dream.
Whatever happens, Spurs dared to do and I dared to dream that one day I could hop over to London with my 18 year old son, book into one of the hotels going up in Stratford, amble over to the brand new Spurs stadium and without any ticketing fuss whatsoever, plonk myself down to the enjoyable sight of the cockerels administering a right good old thrashing to WH. Assuming that by then they would have won promotion back to the PL.
I have now read that the dream may just not be over. To dare is to do.
 

alex01

Member
Apr 16, 2007
87
31
stadium

Why dont they just dig out the plans for the east stand and build that.
then knock down the west stand and build on the car park make a bigger stand there im sure there was a few drawings knocking around of the west stand re done before it looked alright to me
 

worcestersauce

"I'm no optimist I'm just a prisoner of hope
Jan 23, 2006
26,982
45,288
Why dont they just dig out the plans for the east stand and build that.
then knock down the west stand and build on the car park make a bigger stand there im sure there was a few drawings knocking around of the west stand re done before it looked alright to me

To be honest I don't think it's about just bums on seats any longer, it's about image, corporate allure, sponsorship and alternative revenue streams, in other words it's about Location, at least that's what I think the club has now concluded.
Ironically location is what the objectors to the OS are all about just for different reasons.
 

Misfit

President of The Niles Crane Fanclub
May 7, 2006
21,292
35,036
CONGRATS to all those who were so voiciferous against the move.

It is a real shame for Spurs as they had a real opportunity to move into the big time. Now it looks as though they will be stuck with the original plans and spiralling costs and a massive debt burden for years to come.

Must admit I was for the move. Was a season ticket holder for many years and getting out of the Stadium / area is something I don't miss and imagine it with another 20,000 trying to get across the High Rd etc ! For those that have never been to a quality / purpose built stadium....the experience is a tad better.

Now, it would appear the only hope is for some rich Arab to come along and front the re-building of Spurs and the local area and anything else the council want...at least that way revenue from the new stadium could go towards the team and not paying bank loans.

Right now I can only hope that the BBC article was a tad premature and maybe the decision is not so cut and dried.
Thanks, that means a lot. This might well go down the legal route and nobody gets to use it for most, if not all, this decade. Or, miraculously, an alternative which is viable will be found.
 

Misfit

President of The Niles Crane Fanclub
May 7, 2006
21,292
35,036
To be honest I don't think it's about just bums on seats any longer, it's about image, corporate allure, sponsorship and alternative revenue streams, in other words it's about Location, at least that's what I think the club has now concluded.
Ironically location is what the objectors to the OS are all about just for different reasons.
Well then, let's work out an agreeable lease arrangment with the Duke of Westminster and plonk ourselves in Knightsbridge. Lots of oil money floating around the area, along with usual Eurotrash types willing to splurge hundreds of pounds on a pair of socks. Oodles of public transport dotted around the area. Doesn't get much classier than that.

We'd have sophistication and allure coming out of our arse.
 

worcestersauce

"I'm no optimist I'm just a prisoner of hope
Jan 23, 2006
26,982
45,288
Thanks, that means a lot. This might well go down the legal route and nobody gets to use it for most, if not all, this decade. Or, miraculously, an alternative which is viable will be found.

That will probably come at about the time West Ham tell uk athletics how many times a year they can use the stadium, not sure that they've actually asked that yet.
 

Misfit

President of The Niles Crane Fanclub
May 7, 2006
21,292
35,036
Bit too Bridge-like for mine but yeah. Ironically, we're probably almost out of time with any planning permission we got for expanding the stand. Plus, the cost might be eye-watering for maybe another 10,000 seats and likely little to no increase in the real money-making corporate seats.

redevelopment3.jpg

Redevelopment1.jpg
 

jimmyn16

SC Supporter
Apr 26, 2008
90
1
BBC Sports Editor David Bond says our bid only met three of the five criteria; West Ham's met all five:

"My understanding is that OPLC chief executive Andrew Altman makes no clear recommendation in favour of West Ham's bid in the report but it is true that the club's £95m proposal is the only one to meet all five criteria.

"Spurs, on the other hand, fail on two counts: timing; and the flexible and community use of the stadium."

http://bbc.in/gzG5Jy
 

Misfit

President of The Niles Crane Fanclub
May 7, 2006
21,292
35,036
That will probably come at about the time West Ham tell uk athletics how many times a year they can use the stadium, not sure that they've actually asked that yet.
Who knows. However, politicians are involved - which was a worry from the beginning. Now that a decision appears to have been reached, I'll be surprised if it's over-turned. No matter the time, legal expenses or merits of such a decision. Levy might well challenge but if he's worried about spending a lot of money for absolutely no gain, he probably won't. He's a canny operator no doubt but if he tries to fight against those most dangerous of opponents - witless and at the same time vainglorious politicians and the institutions they serve - I fear for his long-term mental health.
 

domw001

Active Member
May 11, 2006
217
51
He has always supported Spurs. It's just that he has stated that he wished he had never got involved with the running of the club.
 

worcestersauce

"I'm no optimist I'm just a prisoner of hope
Jan 23, 2006
26,982
45,288
Sugar makes very good points, if we only meet 3 of the criteria and West Ham meet 5 then why did they even let us through the first stage?
His other point is one I've mentioned, our option gives athletics a 365 day a year access how often will they get access and how many events will they be able to hold at the Olympic Site? You won't know which weekends in August that West Ham will be at home until July when you need to schedule athletics events months, possibly a year before, it just cannot work and it won't work but I believe the athletics lobby don't want to see that because they have been blinded by their own arrogance. Has anyone actually asked them or Lord Coe for that matter just how many events he thinks they will hold every year?

As I've said before it's probably now all done and dusted so we move on but this will come back to haunt them.
 
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