NWHL stadium Costs

slartibartfast

Grunge baby forever
Joined
Oct 21, 2012
Messages
6,031
#21
They'll do what they always do when reporting development costs. They'll quote an initial figure which is based on the build cost. Then in a few years, they'll come back and compare the initial build cost to an updated total development cost, so they can make it appear that there has been a huge, uncontrolled cost increase.
Am I right in saying you called this ages ago pre Brexit, our ground I mean. Sure I remember you saying it's gonna cost way more than figure being used.
 

sausage

Well-Known Member
Joined
May 17, 2018
Messages
895
#22
It has made a huge penny, more than 75% of the corporate areas sold, could be sold out by now and a huge increase in number of season tickets at vastly increased prices, all paid for upfront and in the case of the corporate areas with minimum commitments of 3 years.
Were you not the accountant? Granted I'm not one myself, but I know that you shouldn't count unfulfilled orders as "profit".
 

am_yisrael_chai

Well-Known Member
Joined
Feb 18, 2006
Messages
5,672
#23
Were you not the accountant? Granted I'm not one myself, but I know that you shouldn't count unfulfilled orders as "profit".
Yes I’m a qualified accountant and news flash all Spurs need to do to earn the revenue is open the stadium. I’d say that was a certainty.
 

sausage

Well-Known Member
Joined
May 17, 2018
Messages
895
#24
Yes I’m a qualified accountant and news flash all Spurs need to do to earn the revenue is open the stadium. I’d say that was a certainty.
and yet the stadium isn't open yet, so it's not "profit" on anything but the most reckless of balance sheets.


As I'll still maintain, the Stadium is yet to earn a penny - all the club have so far is orders.
 

chaching

Active Member
Joined
Aug 31, 2012
Messages
168
#25
In pure accounting terms the profit will be released gradually after each game played in the new stadium or over time.
The balance sheet will show a huge amount of liability for the unfulfilled orders, and a huge current asset of the cash received. Cash is king.
 
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