Failing at the final post while rushing your tits off to techno?
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It's been 10 months since the Pikies wheeled their caravans out of Upton Park and found their new trailer park in Stratford. During this time they have demolished not quite 3 stands!
This puts into perspective the timescales of what we have to do when we leave WHL, but we not only have to knock down the stadium but build an entire 17k stand, join it to East and West Stands, fit it out and have it tested/approved, build the first retractable pitch of its kind (that retracts and remains out of sight) in the World and fit a roof on the entire stadium. In the space of 14 months!!
This puts into perspective the timescales of what we have to do when we leave WHL, but we not only have to knock down the stadium but build an entire 17k stand, join it to East and West Stands, fit it out and have it tested/approved, build the first retractable pitch of its kind (that retracts and remains out of sight) in the World and fit a roof on the entire stadium. In the space of 14 months!!
I thought it was being "project managed" and executed by contestants from the ApprenticeYeah, but Spam have only been using the DIY SOS crew paid for by BBC license payers.
Not really news, but from the BBC site today;
Tottenham could continue playing at White Hart Lane next season, says Daniel Levy - http://www.bbc.co.uk/sport/football/39435423
Tottenham could continue playing at White Hart Lane next season, says Daniel Levy - http://www.bbc.co.uk/sport/football/39435423
The photos we get every day are just amazing.
This thread will be something else when that kop end starts going up (though we'll have to get through the images of WHL being ripped down to get there).
Doing it in slow motion must be torture for those die hard pikeys.It's been 10 months since the Pikies wheeled their caravans out of Upton Park and found their new trailer park in Stratford. During this time they have demolished not quite 3 stands!
This puts into perspective the timescales of what we have to do when we leave WHL, but we not only have to knock down the stadium but build an entire 17k stand, join it to East and West Stands, fit it out and have it tested/approved, build the first retractable pitch of its kind (that retracts and remains out of sight) in the World and fit a roof on the entire stadium. In the space of 14 months!!
The Times understand Spurs have agreed a £350M deal with three investment banks to fund the new stadium
Here is the link:
Anyone able to post the full text?
Tottenham Hotspur’s stadium redevelopment is a significant step closer after the club agreed a £350 million funding package with three investment banks.
HSBC, Goldman Sachs and Merrill Lynch will provide almost half of the money required to complete the £750 million rebuilding of White Hart Lane. The rest of the funding will come from advanced ticket sales, a ten-year ground rental arrangement with the NFL and a possible naming-rights deal.
Confirmation of the commercial loans is a big boost for Tottenham as they prepare to announce their departure at the end of the season from their home of 118 years. The plan is to spend a year at Wembley before returning to a rebuilt ground on an adjacent site in north London for the start of the 2018-19 season.
As he announced Tottenham’s results for the year ending June 2016 yesterday, which included record revenue of almost £210 million and record post-tax profits of £33 million, the chairman, Daniel Levy, said that the move to Wembley would not be finalised until there was greater clarity on the delivery of the new stadium, but the club are confident about the original timetable. The FA has agreed to extend tomorrow’s deadline to sign the Wembley lease agreement until next month, as revealed by The Times last Saturday.
The delay in confirming that White Hart Lane will definitely close this season is understood to stem from concern at the spiralling cost of the project, which has increased from a projected £450 million to between £750-800 million, but the private funding has been secured regardless. It is understood that the three banks will each provide loans at a fixed rate over an initial five-year period, after which the plan is to re-finance them.
Tottenham are committed to borrowing £90 million more than Woolwich did when building the Emirates Stadium a decade ago and accept that the funds available to Mauricio Pochettino for transfers will be limited for the next five years, much as they were for Arsène Wenger at their local rivals.
Spurs are confident of gaining a substantially more lucrative naming rights deal than the £2.8 million-a-year contract Woolwich struck with Emirates in 2004, with Levy targeting a £20 million-a-year deal for 20 years. Tottenham also expect a significant increase in match-day revenue at the new stadium as the capacity increases from 36,000 to 61,000. Yesterday’s report revealed that there are 63,200 people on the waiting list for season tickets and the plan is to focus on offering hospitality for corporate clients in advance ticket sales. The most expensive season tickets will cost £8,000.
In addition to the NFL deal, Spurs have secured £9 million and £18 million in funding from Haringey Council and the London Mayor’s office respectively to aid regeneration of the local area.
Levy said: “This financial period saw record revenues and the club’s highest-placed finish in the Premier League. We have run this club on a financially secure basis for the past 16 years while remaining ambitious and with a vision for its future growth and success.”
I'd be very surprised if Levy would agree a 20 year deal to be honest. Look at what Woolwich achieved back in 2004 compared to more recent deals. It would be a mistake to strike a deal for 20 years (unless you could cancel it part way through) even 10 years might be too long because the value of these sponsorship deals just keeps on climbing over time. You are effectively losing out through normal currency inflation also.
I also think £20M would be very very cheap in the current market, especially with the NFL also.
There is a lot of smoke and mirrors when it comes to the valuation of Stadium Naming Rights, as many stadiums get named by the owners companies (Etihad, Bet365, DW, KC, KingPower etc....) they are basically used to pump in owner investments to circumnavigate FFP rules, this artificially inflates the values of them. Those that are named by non-owners they on average around £5m per year mark (take out the Emirates deal and that figure drops to approx £1m per year). The bottom line is Stadium Naming Rights deals in the UK is still in it's infancy. West Ham have been trying to secure, and failed, at getting partner based on £6m per year!
What I'm saying here is £20m is massive amount of money, it will be the largest 'independant' deal ever brokered in this country. The first thought would be to obtain a valuation that covers the loan repayments on the debt accrued to build the stadium. You may have some credence over the length of the deal but this is when deals get very complex, as I'm sure the value of a deal cuts both ways, with the unknowns of Brexit it is also possible the value of the deal could also go down.
They were. But in response they set-up a new company that pays Citeh for unspecified "intellectual property" for the same value and bought up other clubs around the globe. Bottomline though is you can't compare the values of Naming right deals made by companies of owners to a deal of a company that is unrelated/independent of owner. (Should the owner of Hull or Wigan fuck off, so too will the Sponsorship).
Spanners dont own the stadium, surely it would be Newham or London council getting paid for naming rights? - as Brady says, they are only renting it a couple of Saturdays a year......
The photos we get every day are just amazing.
This thread will be something else when that kop end starts going up (though we'll have to get through the images of WHL being ripped down to get there).
They should really have a photo amnesty whilst they are demolishing WHL