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New Stadium Details And Discussions

thebenjamin

Well-Known Member
Jul 1, 2008
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greaves

Well-Known Member
Dec 6, 2006
6,120
8,948
Found this from Martin Samuel in the DM last night.

According to his sources, we wont move in until next season. :grumpy:

What a clusterfuck of a fiasco, this would be.

********************

Wait on date for Spurs move-in

Early this season, when there was still talk of Tottenham being in their new stadium for the match with Liverpool on September 15, I was told they would not be in before January.

Now Tottenham have pushed their arrival back to January, the same voices are saying it won’t happen in the 2018-19 campaign and Tottenham will not return to White Hart Lane until the start of next season.

The remaining fixtures will be played at Wembley and meetings have already been held to this affect.

Tottenham are always very bullish about when the stadium will be ready and I would expect them to maintain that January is the date. But we’ll see.

https://www.dailymail.co.uk/sport/f...ignore-perils-vile-initiation-ceremonies.html

I always find it hard to believe people who mis-spell. Something to do with care and detail. Effect, Mr Samuel. Effect.
 

coys200

Well-Known Member
May 22, 2017
8,436
17,403
Blimey that German story is frightening. Have to say wiring on a project like this is mind boggling. I’m just amazed more ITK doesn’t leak out. It’s pretty clear the majority of aesthetics are done inside and out. So it must be stuff like wiring plumbing software systems etc. There must be people working on this stuff that know roughly how long it’s gonna take,just surprising that doesn’t come out.
 

samspurs92

Well-Known Member
May 17, 2010
2,104
7,481
I’m so confused at how someone could allow the wiring on such a big and expensive project to be fucked up to this extent?

How have we employed such incompetent people?
 

jonnyp

Well-Known Member
Jun 11, 2006
7,149
9,628
I’m so confused at how someone could allow the wiring on such a big and expensive project to be fucked up to this extent?

How have we employed such incompetent people?

It's quite extraordinary indeed. Everyone from design, procurement and construction have failed miserably.

EDIT: What do you disagree with,@davidmatzdorf ?`Obviously, my comment is based on if the rumor of them installing the wrong type of cables is true. That would mean that the electrical engineering department has designed with the wrong cable spec (which is quite extraordinary), the responsible buyer didn't notice it either but should have the technical knowledge to know what the specification should be and finally construction who also didn't notice the wrong spec cable while pulling and terminating them.

If the reason for the failure is not wrong spec of cables then I retract my statement
 
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coys200

Well-Known Member
May 22, 2017
8,436
17,403
Will just add my latest DM with Kramer people can obviously take it however they wish but just passing it on. Ultimately he was pretty spot on with the shop bar a couple of days.

When asked about January “ not likely “

But the good news ? “August definitely “
 

King of Otters

Well-Known Member
Jun 11, 2012
10,751
36,093
As others have mentioned, it’s a draw down or revolving credit facility. Most importantly, it’s described as ‘development finance’, which means it is short term money. How much the residual long term debt amounts to will depend on the ‘commercial decisions’ and the sale values of the housing and hotel. Also it will depend on how much of the costs of late completion can be recouped from the contractor. So it’s not a disaster or anything like that. It’s the expected consequence of late completion of Phase 2.

It's not good news though is it, whichever way you spin it?

We're now going to be using the revenue from sponsorship, housing sales etc to finance an additional 1/4 billion in debt. That's money that could have been allocated elsewhere, but is now going to used to pay off the huge costs we've incurred for the project overruning.

How is that anything other than bad news?
 

Riandor

COB Founder
May 26, 2004
9,414
11,621
It's not good news though is it, whichever way you spin it?

We're now going to be using the revenue from sponsorship, housing sales etc to finance an additional 1/4 billion in debt. That's money that could have been allocated elsewhere, but is now going to used to pay off the huge costs we've incurred for the project overruning.

How is that anything other than bad news?
I think the point that is being made is that it is an expected consequence. No, it's not brilliant news, but it certainly isn't as world ending and catastrophic as some seemed to be implying.

Project overruns, you incur costs and have to insure you can cover them. DL will be ensuring he recoups as much as possible through late delivery fees etc... so it might not even prove to be any more than a minor financial hiccup, but we don't know that.
 

Graysonti

Well-Known Member
May 8, 2011
3,904
5,823
As others have mentioned, it’s a draw down or revolving credit facility. Most importantly, it’s described as ‘development finance’, which means it is short term money. How much the residual long term debt amounts to will depend on the ‘commercial decisions’ and the sale values of the housing and hotel. Also it will depend on how much of the costs of late completion can be recouped from the contractor. So it’s not a disaster or anything like that. It’s the expected consequence of late completion of Phase 2.


Great post and in a nutshell
 

NickHSpurs

Well-Known Member
Mar 14, 2004
13,626
11,875
I’m so confused at how someone could allow the wiring on such a big and expensive project to be fucked up to this extent?

How have we employed such incompetent people?

They went for quantity over quality mate, simple as that. They threw as many people at the job as possible to try and meet an unrealistic deadline and hoped for the best. Shock horror, it turns out many of the people they threw at it were actually shit, hence the massive scaling down in staff numbers when they realised what a cluster fuck of an idea that was.
 
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Dougal

Staff
Jun 4, 2004
60,346
129,923
Will just add my latest DM with Kramer people can obviously take it however they wish but just passing it on. Ultimately he was pretty spot on with the shop bar a couple of days.

When asked about January “ not likely “

But the good news ? “August definitely “
He’s clearly got access to the ground but being ‘pretty spot on about the shop bar a couple of days’ is being wrong about the opening date of a fully stocked shop and probably not worth highlighting when attempting to establish credibility.
 

King of Otters

Well-Known Member
Jun 11, 2012
10,751
36,093
I think the point that is being made is that it is an expected consequence. No, it's not brilliant news, but it certainly isn't as world ending and catastrophic as some seemed to be implying.

Project overruns, you incur costs and have to insure you can cover them. DL will be ensuring he recoups as much as possible through late delivery fees etc... so it might not even prove to be any more than a minor financial hiccup, but we don't know that.

Yeah, I accept that, and have no doubt that DL will get the best deal for the club under the circumstances. I just think the "the expected consequence of late completion of Phase 2" is being somewhat dismissed as a non-issue, when that clearly isn't the case.
 
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