I thinks so too, just not 99% convinced, say 50%. Also, at what price were futures made, when the are due etc. lots of variables involved.
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Never mate...so it does happen?
On a serious note, I'm pretty sure the club will have protected itself against market changes in the materials being used in the stadium construction. I'd be amazed if Levy hadn't gone over it many times in microscopic detail, before a shovel was lifted.
Projects like this going over budget will very rarely be due to the raw materials needed for the build though, unless you've actually miscalculated the volume needed and have to buy more than planned. Going over budget is much more commonly the "soft" costs, e.g. project management, planning costs, higher staff costs if there are over-runs, increased price of buying the local sheet metal company's headquarters (
) etc etc.
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Of cause didn't say he hadn't. But I'm sure the other multi-multi-multi Million dollar budget constructions that went over budget had plenty of planning and due diligence too.Never mate...so it does happen?
On a serious note, I'm pretty sure the club will have protected itself against market changes in the materials being used in the stadium construction. I'd be amazed if Levy hadn't gone over it many times in microscopic detail, before a shovel was lifted.
Time will tell. No point in speculating any further at this juncture. I will have a sportsman's bet with you that Levy won't go over budget, & if I'm wrong & he does, it won't be the cost of the materials that send it into the red.
Don't think anyone knows what the budget is. It's between £400m and £750m and I'm not speculating, just drawing attention to the fact that if a profit is being made on the steel in the cranes (don't think they are even valued like that anyway) the cost of building a stadium where 50% of it is made of steel was worthy of reflection.
Seems cheap to me at £20M a year, but then again if it is upfront then that would obviously make it worthwhile.
The NFL exposure will bump any stadium naming rights deal up another £2M/yr. Depends on the length of the deal.
there will, of course, be a sell on fee if we do.
and we get some cement mixers on loan in return.
followed by comments from
John Thomas
and the usual suspects asking why we loaned cement mixers rather than buy cement lorries, its cos levy is too tight etc
One would assume that they will have already agreed a price with MACE (the building contractors) with a few contingency clauses. Looking at it today there actually is not an amazing amount left on the stands in view. A few pours, putting steel in then terracing. Of course costs can rise but we are doing well at the moment.Never mate...so it does happen?
On a serious note, I'm pretty sure the club will have protected itself against market changes in the materials being used in the stadium construction. I'd be amazed if Levy hadn't gone over it many times in microscopic detail, before a shovel was lifted.
...... I hope we sell them to Chelsea!
Knowing Chelsea they will come and unsettle the cranes with a low bid before eventually buying them from us just before the final part of construction is finished.
Anyway I heard West Ham just bid 10 grand to borrow them for a bit.
True, but I'd imagine that Levy will have clauses in the contract where we get more money if the number of games goes up from the current 2 year. It's very likely that in a few year's time we'll have a many more NFL games a year played at the new stadium, and if that happens the sponsor will be getting much more exposure. If we get it right, which I think Levy is likely to do, then we could get a far better deal than if we only had football at the stadium.
I'm not always his biggest fan, but credit where its due.He will sort us out a good deal for the stadium
We still have a lot of ground work to carry out at the southern end, once the current stadium is demolished. I'm sure Levy has agreed all the costs and contracts, but piling and ground works is expensive and takes time. I don't think we will be playing there next season as some have suggested.
It looks like we are future proofing it as much as possible, which is great. Currently, stadia in general doesn't offer enough apart from hosting games. I recognise that is their main purpose. But when they are located in a capital city with relatively good transport links they really should provide something over and above a sports stadium, which it looks like ours will. This ultimately makes it more valuable, which helps the club, and the team.
It looks like we are future proofing it as much as possible, which is great. Currently, stadia in general doesn't offer enough apart from hosting games. I recognise that is their main purpose. But when they are located in a capital city with relatively good transport links they really should provide something over and above a sports stadium, which it looks like ours will. This ultimately makes it more valuable, which helps the club, and the team.
Levy has made a profit on the Cranes.
I like the cut of his Jib!
I think he will sell them to Chelsea with a sell on clause, when they sell them to Real Madrid.
I like the cut of his Jib!
I think he will sell them to Chelsea with a sell on clause, when they sell them to Real Madrid.
Well lets hope he doesn't sell them direct to Real Madrid,otherwise they will still owe us most of the money 5years later
A comparison of our footprint compared to the Blue Scum...
I'm trying to make it out, are we the inner darker blue oval? Outter is Woolwich?