New Stadium Details And Discussions

[worcestersauce]

We have planning permission, it begins, THE FORCE AWAKENS!!!!

 

[JimmyG2]

As I understand it, cornerstone in this context means a financier, either a bank, institution or even a government funding body or very high profile probably global company of such high standing that their presence and involvement will attract further funding and commercial involvement. I think it's more of a descriptive term than a formal financial instrument.

With a name like Led's Zeppelin
you should be thoroughly ashamed of yourself
for even beginning to understand any of this
financial stuff.
Bloody hippy bankers.

 

[Hoops]

I posted about it last night. They basically get sponsors like Coke or carlsberg or whatever drinks or food we use in the stadium to sponsor us as well.

Edit: I see @Spursidol Has just posted the same article I posted last night.

Sounds like a debt consolidation company (Cornerstone finance)

 

[Deeyal]

So, to summarise...

-We still need the mayor to sign off on this
- EH can still ask for a judicial review

Are these the only potential stumbling blocks now? Is there any indication whether EH are likely to ask for this. It seems like the Mayors agreement is somewhat of a formality?

 

[JaySpur]

All the media reports had the old stadium pics included,,,bizzare

Just lazy journalism I would suspect

 

[Spursidol]

So does that mean we have 3 or 4 main sponsors over a long period each paying X amount of £ per annum?
That's how I interpret that piece you've linked to. Thanks for that btw.

That's my understanding too.

Its a good way to demonstrate to a bank that you have assured revenues coming in from 'Blue chip' companies which banks will advance money against taking the sponsorship contract as security.

In economic terms, the bank is 'discounting' the cash flow from the sponsorship deal to arrive at the debt it will lend (and as its underwritten by a blue chip sponsor) the interest rate should be low ie 'cheap' financing.

 

[Spursidol]

So, to summarise...

-We still need the mayor to sign off on this
- EH can still ask for a judicial review

Are these the only potential stumbling blocks now? Is there any indication whether EH are likely to ask for this. It seems like the Mayors agreement is somewhat of a formality?

These are the most obvious issues - but any disaffected body could have its lawyers crawling all over place trying to find an angle.

 

[Hoops]

That's my understanding too.

Its a good way to demonstrate to a bank that you have assured revenues coming in from 'Blue chip' companies which banks will advance money against taking the sponsorship contract as security.

In economic terms, the bank is 'discounting' the cash flow from the sponsorship deal to arrive at the debt it will lend (and as its underwritten by a blue chip sponsor) the interest rate should be low ie 'cheap' financing.

lol. Planning law, Heritage bodies, crowd control policy, right to light...and now capital structuring. I heard it all now on SC.

 

[Booney]

Reflecting back on the whole process is it possible that Archway Steel inadvertently did us a huge favour?

By delaying the original scheme to the point that it was no longer viable, we seem to have potentially ended up with a far better stadium.

 

[Flashspur]

Serendipity dude....serendipity

 

[mozzer]

Reflecting back on the whole process is it possible that Archway Steel inadvertently did us a huge favour?

By delaying the original scheme to the point that it was no longer viable, we seem to have potentially ended up with a far better stadium.

Just imagine how good it would be if it were delayed again .....

 

[markiespurs]

I posted about it last night. They basically get sponsors like Coke or carlsberg or whatever drinks or food we use in the stadium to sponsor us as well.

Edit: I see @Spursidol Has just posted the same article I posted last night.

Sounds a bit like what we already have in place with Carlsberg and a couple of other companies. Presumably though it will be on a much larger scale for the new stadium.

 

[Spursidol]

lol. Planning law, Heritage bodies, crowd control policy, right to light...and now capital structuring. I heard it all now on SC.

The advanced course in project financing has commenced and is expected to last for 18 months - available only on this SC thread. Yours for only £300

 

[Buster18]

Is it just me or would anyone else love us to move into the Olympic Stadium for a year just for the amount of seethe it would generate amongst the Spammers?

Every 2nd week they'd have to take down their Spam bunting and during the season, after games we could voice our opinions about how crap the atmosphere is and how thankful we are that we are only in the echodome for 1 season, safe in the knowledge that they are stuck with it for 99 years

 

[Spursidol]

Sounds a bit like what we already have in place with Carlsberg and a couple of other companies. Presumably though it will be on a much larger scale for the new stadium.

Its just long term commitments to advertising/sponsorship or other marketing - but big £'s and by long term its 10 years + - for a small select number (maybe 4 or 5) of big companies wanting exposure

 

[Hengy1]

Not as such. Bit some seats will be removed when we need to retract the pitch. Only a couple of rows on one stand though.

Thanks, had some WHU fan on another forum giving it large saying we had an issue with them at the OS doing it

 

[mightyspur]

Do we know why the 2 voted against that plan? Did they give their reasons?

 

[Sir Henry]

Do we know why the 2 voted against that plan? Did they give their reasons?

Spammer and a Gooner more likely.

 

[spursfan77]

Its just long term commitments to advertising/sponsorship or other marketing - but big £'s and by long term its 10 years + - for a small select number (maybe 4 or 5) of big companies wanting exposure

It makes you wonder why other clubs aren't doing it now. I mean we've always been trail blazers (eg. first corporate boxes, first on the stock exchange) but its weird it hasn't come over from American sport until our stadium. Shame its been leaked out we are looking at it in that respect. I reckon its something to do with the NFL as we'd get the big American companies on board with this as its second nature to them.

 

[Spursidol]

It makes you wonder why other clubs aren't doing it now. I mean we've always been trail blazers (eg. first corporate boxes, first on the stock exchange) but its weird it hasn't come over from American sport until our stadium. Shame its been leaked out we are looking at it in that respect. I reckon its something to do with the NFL as we'd get the big American companies on board with this as its second nature to them.

I think its the term 'cornerstone' which is new, but think its also that large American companies (think pepsi, coke, metlife) are used to signing up for 5/10/20 year deals (but I'm sure that's a relatively recent phenomena, whereas in the uk companies are more used to a 1 year or maybe 3 year deal.

Think that DL has a range of good advisors who are looking at all possible sources of financing and this is only new as the us companies prepared to back nfl are a new sector for Spurs to try to get long term deals attractive to financiers.

But on a small scale these types of deals have been around for a long term - I can recall years ago our student bar furniture and general fit out being financed from a long term beer deal.