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StevieB

Seagrave Training Centre - Construction updates

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3 minutes ago, st albans fox said:

they didn't have to cover the cost of re housing a hundred newts …… there's your 30 mill !

 

plus they got most of the building materials at a knock off  down price 

You joke, but they in all likely hood did.

 

A lot of companies and suppliers would be clambering to get involved so their name can be associated with Liverpool Football Club.

 

I'm sure we did similar as well.

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10 minutes ago, Heymister2015 said:

Lol £100m for both! It will take £200m to do the ground if there building a swish hotel/concert arena! Pulling out concourses, new tear with hospitality/changing rooms etc How much is forests? 

Clearly not enough for both :rolleyes: It was reported at the time that the loan was for the training complex and stadium development. Perhaps a percentage of the money is being used on the pre-construction work, design, surveys etc. 

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4 hours ago, Spudulike said:

Are we spending the whole £100m on Seagrave?? I thought the loan was to also cover the stadium make over. 

Nope the estimated cost for the training ground is somewhere between 100m and 120m

 

The loan was more to avoid KP paying upfront tho. It was mortgaged against the 2 payments man city owed against Mahrez at the time and 1 years partial tv money from what was reported and mentioned at the FCC a year or so back.

 

I believe this investment has no FFP implications but would have greatly affected cash flow.

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11 hours ago, Bayfox said:

Nope the estimated cost for the training ground is somewhere between 100m and 120m

 

The loan was more to avoid KP paying upfront tho. It was mortgaged against the 2 payments man city owed against Mahrez at the time and 1 years partial tv money from what was reported and mentioned at the FCC a year or so back.

 

I believe this investment has no FFP implications but would have greatly affected cash flow.

Interesting that Seagrave is costing more than twice the price of Liverpool's. Can't believe that LFC have done it on the cheap so ours must be incredible. 

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1 hour ago, Spudulike said:

Interesting that Seagrave is costing more than twice the price of Liverpool's. Can't believe that LFC have done it on the cheap so ours must be incredible. 

.. always believed it was about the £100m price!! 

  The fact that the cost is going up means something has happened in either the building of the site or amendments added to the original design. 

  The finance of the project was said to be monies borrowed against future revenue at the end of this season and the ground expansion was to be financed with the revenue at the end of next season. 

  Using your own money to finance projects is not thought to be good business practice. 

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2 hours ago, Spudulike said:

Interesting that Seagrave is costing more than twice the price of Liverpool's. Can't believe that LFC have done it on the cheap so ours must be incredible. 


I think surely a big part of the overall cost of our training ground would have been acquiring all the land, which seems quite a big site. 
 

In contrast Liverpool’s “new” training ground is actually more of an expansion & improvement of their Kirkby site, which currently houses the U23s. 

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2 hours ago, Spudulike said:

Interesting that Seagrave is costing more than twice the price of Liverpool's. Can't believe that LFC have done it on the cheap so ours must be incredible. 

Liverpool are just adding on to the academy training ground whereas we’re putting up a brand new one, with various shiny buildings, from scratch. 

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10 hours ago, sacreblueits442 said:

.. always believed it was about the £100m price!! 

  The fact that the cost is going up means something has happened in either the building of the site or amendments added to the original design. 

  The finance of the project was said to be monies borrowed against future revenue at the end of this season and the ground expansion was to be financed with the revenue at the end of next season. 

  Using your own money to finance projects is not thought to be good business practice. 

The overall construction contract as a fixed fee to McLaren is £95 million for the training ground. The rest of the loan would've been consumed by a 4% (give or take) consultants fee for the whole project which rounds it off to the £100 million loan taken out. The other £100 million loan is for the stadium.

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8 minutes ago, StanSP said:

What will happen to the current training ground site? Presumably be made in to housing development...

Polo Club:yesyes::dunno:

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