I have a few questions that you might be able to answer re the new stadium. 1, will the sale of loftus rd pay for it or are we still a long way short? 2, is it even ours to sell or do the council own it? 3, is warren farm on hold indefinitely as I can't see how we can do both projects at the same time. cheers.
I believe that loftus road is ours and ours to sale. I would guess it would be well short of what we need to spend on the new stadium. As far as i am aware warren farm is going to be started very soon.
We will be way short, that's why it will be sponsored are well Its been confirmed as ours, as is the new one WF is going ahead, there are no obstacles left
I can't see any reason why the two building projects can't run concurrently. There should be no problem with money as the stadium is not being built by the club, but by another company owned by the QPR owners. I don't know who is paying the lease or for the upgrades at Warren Farm.
Loftus Road would make prime residential land so they'll get a fair few bob for it. Like everything in East London saw massive price rises in housing from the Olympic redevelopment a similar boost will happen in West London from the Old Oak project. As for Warren Farm I'll bet Ealing Council couldn't believe their luck when we wanted to develop it, it'll be a big asset to the area. I can't wait to see what the two sites will look like when finished...
Warren Farm - projected cost £30m Stadium - possible cost £200m But never fear the capital will be raised, as has been pointed out above, from outside the club, and as capital spending it wouldn't feature on our balance sheet in the same way as TV income, wages etc, i.e. would not count for FFP etc. I have heard that the owners are busily buying/negotiating to buy lots of parcels of land in Old Oak Common. The development of the area overall will contain 8,000 residential units. Lets put a very conservative average cost for London of £0.5m on each of those. That means a potential £4bn in real estate, before you even look at retail, entertainment, offices. I believe our owners are looking to have a slice of this massive bounty, in addition to building a stadium/entertainment/conferencing complex owned by the club which will pay for itself, and contribute to an overall income for QPR of approaching £150m a year by 2020. Premiership TV money obviously still central. Look at it like this, as a long term strategy, and it begins to make sense, and also shows how massive Saturday's win was. The owners will get their cash back (not directly from the club) multiple times if they pull this off. It's a huge plus that Fernandes very clearly loves the club as well. So of course they can build the stadium and the training ground at the same time. In fact they have to.
That is fantastically exciting and what a vision! Owners who are happy because they are making (even more) money, a club that is profitable and financially viable in the long term and fans who are enjoying PL footie hopefully (NB NB NB - no arrogance or assumption on my part!) for many years to come! I would love to know if that was TF's plan from the start or if he really does have the Midas touch.
I seem a little out of date here, I thought we were not going to own the new Stadium but rent like Man City. Can someone point me in the right direction for info of the changes pls
I'd love to think there was a masterplan, but I think its just good timing and geography. Remember TF was after Norwich and West Ham as well - I think he just wanted to own a football club. Lucky him he's ended up with the best club in the best place. But you definitely need vision and balls to seize this opportunity. I think at the last fans forum it was made explicit that the ground will be owned by the club/club holding company. Perhaps Roller can remember. I might be wrong Stainsey, and its a long way off, a real long term strategy. Another Global economic cock up could ruin everything. Also depends on English football continuing to generate mountains of cash. Make that £12bn in real estate then. Great! I got the 8,000 from an article somewhere when the project was announced.
