New stadium thread

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Further chat on Spurs Community suggesting that the hacks' favourite issue of funding for the stadium is going to be a complete non-issue and that it' will be covered without any adverse effect upon the playing side at all. Following a visit to the new stadium today, one poster described it as "BRILLIANT how it has been financed." I've got to say that I'm very much looking forward to the releasing of this information and seeing how the hacks react.

The upgrading of the players contracts, as is happening en masse, would suggest that this is likely to be true, with some players receiving rises of 100%, like Harry Kane and Mauricio Pochettino and Daniel Levy receiving rises of over 50%.It's suggested that Dele's wage will go up by 66%. Christian Eriksen must be on for something akin to Harry's money?

Even if the club were to do this across the board, it would be affordable on current income and within PL rules on wage increases. It's happening, folks.
 
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"Thanks for that Brian" said:
Further chat on Spurs Community suggesting that the hacks' favourite issue of funding for the stadium is going to be a complete non-issue and that it' will be covered without any adverse effect upon the playing side at all. Following a visit to the new stadium today, one poster described it as "BRILLIANT how it has been financed." I've got to say that I'm very much looking forward to the releasing of this information and seeing how the hacks react.
Click to expand...

The first rule of hackeratti :

NEVER let the FACTS get in the way of a good Narrative (TM) .


You'll get it (eventually) .
 
Just think, back in April 2015 when this thread started, our new stadium looked like this

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Now, three years and 100 pages later, it currently looks like this

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"Thanks for that Brian" said:
Further chat on Spurs Community suggesting that the hacks' favourite issue of funding for the stadium is going to be a complete non-issue and that it' will be covered without any adverse effect upon the playing side at all. Following a visit to the new stadium today, one poster described it as "BRILLIANT how it has been financed." I've got to say that I'm very much looking forward to the releasing of this information and seeing how the hacks react.

The upgrading of the players contracts, as is happening en masse, would suggest that this is likely to be true, with some players receiving rises of 100%, like Harry Kane and Mauricio Pochettino and Daniel Levy receiving rises of over 50%.It's suggested that Dele's wage will go up by 66%. Christian Eriksen must be on for something akin to Harry's money?

Even if the club were to do this across the board, it would be affordable on current income and within PL rules on wage increases. It's happening, folks.
Click to expand...
By complete coincidence, Arsenal blog She Wore A Yellow Ribbon (formerly Arseblog...yes, really) is reporting the costs are spiraling because...hang on...yes, they're saying that the costs are going to pass the £1bn mark because their mate told them that someone told them all electricians on site are being paid £400 a day.
 
humanbeingincroydon said:
...
By complete coincidence, Arsenal blog She Wore A Yellow Ribbon (formerly Arseblog...yes, really) is reporting the costs are spiraling because...hang on...yes, they're saying that the costs are going to pass the £1bn mark because their mate told them that someone told them all electricians on site are being paid £400 a day.
Click to expand...

Our bestest fwend ... in the world. Ever. Harry Hotspur, also
tried a similar anti-Levy rant. But somebody shut him down
by saying this was a "No sh*t, Sherlock" industry occurrence of
paying higher rates on a short-term project (ie to get the job
done ON TIME) , they all wouldn't have been earning even close
to that over the duration of the new WHL build etc.

He didn't like that, and tried to deflect by going on about how
the stadium opening date was going to extend ever further.
 
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Well apparently today is the day Spurs have to tell the FA of their intended home for next season I believe. Don't want to come across pessimistic but I spoke to a spark friend of mine yesterday (who's also a Spurs fan). He's good mates with another electrician who is working up at the ground as we speak.

He says it will be a miracle if that place is ready in time. It's not the construction that's the issue. It's the fitting out. There's still a huge amount of work to do to and the biggest issue is getting it all ready and signed off in time, so that it is safe for public use. I hope he's not right but when someone who's been on site for months says it's still chaotic up there, it is a worry.

The ground's taking shape but it's the interior that might cause us the biggest headaches.
 
humanbeingincroydon said:
By complete coincidence, Arsenal blog She Wore A Yellow Ribbon (formerly Arseblog...yes, really) is reporting the costs are spiraling because...hang on...yes, they're saying that the costs are going to pass the £1bn mark because their mate told them that someone told them all electricians on site are being paid £400 a day.
Click to expand...

I saw this article and it did make me chuckle. I loved the desperate hope that, having seen the almighty financial **** up that 'they' made of building a new stadium, Spurs would blindly make all of the same mistakes. That's right Gooners, unlike the departing, senile old Gunnersaurus, our self-made, billionaire owner is incapable of doing basic maths and is completely oblivious as to the financial straits that could arise from building a new stadium. I mean, it's not like we've seen how not to do it and had time to ensure we don't do likewise, is it?

Also, if we're in potentially difficult waters, what the **** are we doing handing out massive pay rises all round and paying Daniel Levy a bloody great bonus? That really would be bloody madness and given our inherently cautious financial nature, wouldn't make any sense, at all.

I'm not sure exactly where the money's coming from but would presume that selling off the housing development land at The Goods Yard and on the stadium site would raise a very significant sum of money. Does anyone know what the financial deal is with the Sainsbury Superstore? I've not seen any report of a sale price for that land. I know that a London Council, that I did some work for, exchanged a long lease on a central site they owned, for the cost of building a bloody massive, state of the art municipal offices for thousands of employees.

Add in a sponsorship package across the stadium/hotel/Hotspur Way and possibly selling off a package of concert usages to someone like AEG and an E-Sports team and there's not going to a lot of [any?] debt left when the short term loan facility period of 5 years is up at the end of 2022.
 
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Spudulike said:
Well apparently today is the day Spurs have to tell the FA of their intended home for next season I believe. Don't want to come across pessimistic but I spoke to a spark friend of mine yesterday (who's also a Spurs fan). He's good mates with another electrician who is working up at the ground as we speak.

He says it will be a miracle if that place is ready in time. ...
Click to expand...

In time for round 1 of the PL season : no.
In term for the first week in September : hope so.

If I was project management I would secretly be going for
the latter, but telling all workers that the target is still the
former (lest Parkinsons' Law take hold - could already be
a case of Brooks' Law :( ) .
 
The RDBD said:
In time for round 1 of the PL season : no.
In term for the first week in September : hope so.

If I was project management I would secretly be going for
the latter, but telling all workers that the target is still the
former (lest Parkinsons' Law take hold - could already be
a case of Brooks' Law :( ) .
Click to expand...

As long as it isn't a case of Coles Law - I hate thinly sliced cabbage.
 
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"Thanks for that Brian" said:
I saw this article and it did make me chuckle. I loved the desperate hope that, having seen the almighty financial **** up that 'they' made of building a new stadium, Spurs would blindly make all of the same mistakes. That's right Gooners, unlike the departing, senile old Gunnersaurus, our self-made, billionaire owner is incapable of doing basic maths and is completely oblivious as to the financial straits that could arise from building a new stadium. I mean, it's not like we've seen how not to do it and had time to ensure we don't do likewise, is it? ...
Click to expand...

If their increasing bitterness at Spurs increasingly sunny
on/off pitch activities can implode in a stadium size area,
I may be able to make the Library the first sustainable
fusion reactor energy source.
 
A poster on Spurs Community is suggesting that there is a PR event scheduled for tomorrow and it could well be to announce the stadium sponsorship deals. Given that the roof is nearly done and the pitch trays have been successfully tested and confidence is high that we'll be ready for test events in August, that could be right.

It would tie in with the new financial confidence within the club and getting it in before the World Cup takes over the back pages would make a lot of sense.
 
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Fellow Yiddos you all have seen Chris Cowlin's weekly stadium updates. Chris is currently on a charity raiser. He is running around all 92 league clubs in England in 12 days raising money for the Willow Foundation - he's onto day 10. He has just tweeted that if he raises 15,000 pounds by tomorrow night he will do a 1 hour stadium update - he's up to about 13500.
I have donated , hows about it lads?

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