H.H.
Player Valuation: £10m
Tell you what, though, a new stadium is a lot better than making a stadium look like a giant hole puncher.
Can’t put lipstick on a pig.
You can but its still a pig.
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Tell you what, though, a new stadium is a lot better than making a stadium look like a giant hole puncher.
Can’t put lipstick on a pig.
Attendances will be hit, we have one of the poorest fanbases hence why tickets are priced so low, when the stadium opens they will have to be even lower or else you are going to have empty seats
It will also be interesting to see how coronavirus has affected the interest rates bank charge.
The landscape has now changed, how many projects will now be cancelled on the Liverpool waters project. The idea initially was for the stadium to be built first and then other projects to come forward on the docksThis will show just how willing our owners are to put in money. In normal circumstances owners would walk away from a project like this during an economic disaster, the issue is for our owners doing that means they may lose the last chance of building something iconic on the waterfront.
Our stadium was never going to pull in tens of millions more from standard paying supporters unless we substantially increased prices and seeing we are only going up by 13k unlike Arsenal/Spurs who increased by 20+ thousand with higher prices making each seat count for more. The extra premium seating and naming rights will probably make the exercise cost neutral or we'll have a few million more each season. Imho we were building the stadium to increase the value of the club not to make it a game changer in terms of making money to plough into the club. We have seen how they used the primary bidder money to help with FFP rules, so it could be to do with that, if they have flexible naming rights within the USM umbrella they could always tweak the contracts to comply if required.
If we continue with the build then I'll be even more sure that our owners are not here for the giggles.
You can’t answer any of the questions you have raised. In other words you haven’t a clue.The landscape has now changed, how many projects will now be cancelled on the Liverpool waters project. The idea initially was for the stadium to be built first and then other projects to come forward on the docks
How many banks will lend 300m+ in the current climate and at what interest rate.
Then you talk about the value of the club, 500m + moshiris investment so far = 800m+.
Who will buy the club for that sort of money when you have Newcastle going for 300m
The landscape has now changed, how many projects will now be cancelled on the Liverpool waters project. The idea initially was for the stadium to be built first and then other projects to come forward on the docks
How many banks will lend 300m+ in the current climate and at what interest rate.
Then you talk about the value of the club, 500m + moshiris investment so far = 800m+.
Who will buy the club for that sort of money when you have Newcastle going for 300m
Success has nothing to do with a new stadium look at arsenal.
It's the players and manager that bring success
Regarding your last point. It seems like a lot does depend on your "hidden" backer being able to somehow flout the rules and be able pay more than its real value for a stadium sponsorship deal (or FFP gets abolished?)
Or is this all tied up with the fact he doesn't want to sell his shares in Woolwich?
Even more bizarre in that case
If he's not officially on board then the naming rights deal can't be deemed illegal. That could only happen if it was seen as the owner circumnavigating the rules by inflating the price. It can't be deemed illegal for another company to offer a huge amount for the naming rights, it's entirely a commercial decision for that company what value they attach to the deal. Not saying it's what's happening, just clarifying why that wouldn't be an issue.This is the weirdest thing about the whole development, because FFP does not include stadium development costs! If the club's backer wanted to put £500m towards the stadium why not just become part of the ownership and do it? Instead the club's backer is going for this convulted naming rights deal, which could easily be deemed illegal if it's way above market value. It seems such a weirdly unnecessary risk if he wants to put big chunks of cash into the development anyway. Why not just come on board as owner and fund it? Or is this all tied up with the fact he doesn't want to sell his shares in Woolwich?
I like your analogy there. Quite inspired.It's all pure guesswork at the moment isn't it? We don't know how much of an impact this is going to have yet, it's possible that attendances won't even go down, nevermind need time to build back up. Attendances continued to go up despite a huge economic downturn a decade or so ago, and - rightly or wrongly - people often find the money to do things they like to do from somewhere. Just look at how many people who appear to be in financial difficulty are able to find £30 a week to spend on smoking for example. It's not a given that football is going to implode, not by a long shot.
Binman, thanks for replying, good post.
Regarding your last point. It seems like a lot does depend on your "hidden" backer being able to somehow flout the rules and be able pay more than its real value for a stadium sponsorship deal (or FFP gets abolished?)
The point about to then hope that the club somehow becomes successful "like Chelsea" and then will be able to get more outside sponsorship coming in.
Are you saying to get there the same way Chelsea did by spending 100's of millions?
Again, at the moment this would have to be done through either trying to get through dodgy sponsorship deals or FFP being abolished.
It makes buying all the players needed at the same time of paying off the stadium project just that bit harder to get through.
Thanks again for the reply .
EDIT; Sorry, I forgot to link your post.
The landscape has now changed, how many projects will now be cancelled on the Liverpool waters project. The idea initially was for the stadium to be built first and then other projects to come forward on the docks
How many banks will lend 300m+ in the current climate and at what interest rate.
Then you talk about the value of the club, 500m + moshiris investment so far = 800m+.
Who will buy the club for that sort of money when you have Newcastle going for 300m
If he's not officially on board then the naming rights deal can't be deemed illegal. That could only happen if it was seen as the owner circumnavigating the rules by inflating the price. It can't be deemed illegal for another company to offer a huge amount for the naming rights, it's entirely a commercial decision for that company what value they attach to the deal. Not saying it's what's happening, just clarifying why that wouldn't be an issue.