New Everton Stadium

Meanwhile...

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Not that surprising when you consider that Liverpool paid £150million for one new stand.
 
Meanwhile...

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Here's the article :

https://www.thetimes.co.uk/edition/sport/new-chelsea-stadium-bill-rises-to-1bn-vl7bfrgfx

New Chelsea stadium bill rises to £1bn
Chelsea have significantly increased the projected cost of redeveloping Stamford Bridge to more than £1 billion, which would make it the most expensive stadium in Europe.

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The club have yet to reveal a price for the ambitious project but The Times has learnt that internal discussions have placed the cost at double the £500 million that was estimated when they received planning permission for the 60,000-capacity stadium from Hammersmith and Fulham council in January.

Chelsea’s plans, drawn up by the Swiss architects Herzog & de Meuron, are among the most ambitious and complex stadium-design projects attempted. The cost of building Tottenham Hotspur’s new ground, which is due to open at the start of next season, has almost doubled to £800 million and Chelsea’s stunning rebuild could finish up costing more than £1 billion.

One source familiar with the project suggested that it may ultimately cost more than the Atlanta Falcons’ Mercedes-Benz Stadium and the New York Giants’ MetLife Stadium, the two NFL “super stadiums” that were both built for approximately £1.2 billion and are thought to be the most expensive in the world.

Chelsea attribute the spiralling cost to factors relating to the length and complexity of the build, which at a projected five or six years is considerably longer than Tottenham’s two-year project. The club are hoping to begin infrastructure work next year but, as The Times revealed in May, they will not vacate the stadium until 2020, when they will move to a temporary home for three or four years.

Because of this time frame, a number of external factors could affect the costs and have led to the club’s budget revision, including increasing commodity costs, a worsening exchange rate and a possible economic downturn after the UK leaves the European Union in 2019.

Chelsea officials described their proposed stadium as “a cathedral of football” at a recent fans’ forum attended by Bruce Buck, the chairman, and Marina Granovskaia, a director.

The club will pay a high price for the bold design and several unavoidable infrastructure problems unique to the site. In order to ensure safe access for fans and create enough space for a bigger stadium in a residential area of west London, Chelsea must build over the District Underground Line and the Southern main line, which pass close to Stamford Bridge. The plans state that the club will install decking over both lines to provide direct access to Fulham Broadway Underground station, with trains running directly under the new East Stand, while the existing pitch will be lowered to create room for the bigger stands.

The external design is also extremely lavish, with an outer façade to be created by 246 brick columns separated by decorations to create a structure intended to resemble a temple. Demolition work on part of the existing site, starting with the Millennium & Copthorne hotels, is scheduled to begin in the third quarter of next year.

Chelsea are talking to several investment banks about financing the project rather than relying solely on funds provided by Roman Abramovich, the owner, as well as attempting to sell a naming-rights package that will retain Stamford Bridge in the title.

Chelsea declined to comment on the plans last night.
 

Not that surprising when you consider that Liverpool paid £150million for one new stand.
And Everton are still pushing the line that we'll have a world class stadium for £300M.

It'd be half a billion - minimum - to achieve that if the club are serious about providing an iconic stadium.

No wonder the whole thing has come grinding to a halt. It'll financially kill this club if they take on debt levels of that magnitude.
 

And Everton are still pushing the line that we'll have a world class stadium for £300M.

It'd be half a billion - minimum - to achieve that if the club are serious about providing an iconic stadium.

No wonder the whole thing has come grinding to a halt. It'll financially kill this club if they take on debt levels of that magnitude.

So you want to remain at Goodison or move into a budget stadium?
 

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