Stadium Expansion *APPROVED* Sept ‘22 - Details / Images Released on Planning Site

[CosbehFox]

1 hour ago, alanf0x said:

They have openly admitted it needs to be that size for American Football matches which is a huge money spinner and revenue income. 
 

Shame our current board aren’t as forward thinking. We are getting left behind big time

Having lived in Brum, there’s certain space for a big venue to host a whole raft of events which doesn’t mean going to the NEC. 
 

The difficulty for this and the Villa project will be transport and crowd management. It’s a mess on the north side of the city where both of them are located - train stations in Villa’s case already at full capacity 

[teblin]

Am I right in thinking, the ground is a separate entity to the football club? Think its owned by King Power holding or something like that.

 

The whole plan wasn't just about a ground, it was about developing that area including an arena? So this is a business venture not just a football club one.

Edited yesterday at 06:03 by teblin

[Finnegan]

2 hours ago, alanf0x said:

They have openly admitted it needs to be that size for American Football matches which is a huge money spinner and revenue income. 
 

Shame our current board aren’t as forward thinking. We are getting left behind big time

 

Nobody is going to use a stadium that size in Leicester. Leicester isn't Birmingham. 

 

I also wouldn't want us to build a stadium we could only ever half fill as well tbh. 

 

Don't get me wrong we are missing a trick a bit, we could do more, but I wouldn't want what they're doing. 

 

[Foxes_Trust]

2 hours ago, teblin said:

Am I right in thinking, the ground is a separate entity to the football club? Think its owned by King Power holding or something like that.

 

The whole plan wasn't just about a ground, it was about developing that area including an arena? So this is a business venture not just a football club one.

All properties owned by King Power are held under one KP group company, this is practice used by a number of companies.

 

The club won’t proceed with stadium expansion while we are in the Championship 

 

The rest of the development would have boosted income and therefore helped any future financial assessments as turnover would be boosted, while money spent on the development would be discounted from the PSR calculations (or alternative future financial assessments)

[Silva Fox]

20 minutes ago, Foxes_Trust said:

All properties owned by King Power are held under one KP group company, this is practice used by a number of companies.

 

The club won’t proceed with stadium expansion while we are in the Championship 

 

The rest of the development would have boosted income and therefore helped any future financial assessments as turnover would be boosted, while money spent on the development would be discounted from the PSR calculations (or alternative future financial assessments)

Long term delay then!

[Stevosevic]

35 minutes ago, Foxes_Trust said:

All properties owned by King Power are held under one KP group company, this is practice used by a number of companies.

 

The club won’t proceed with stadium expansion while we are in the Championship 

 

The rest of the development would have boosted income and therefore helped any future financial assessments as turnover would be boosted, while money spent on the development would be discounted from the PSR calculations (or alternative future financial assessments)

Shambles.

 

You build ready for when we are in the PL.

 

So we get to the PL, stay up for a couple of seasons, start building, then get relegated…then what 😂 

[davieG]

40 minutes ago, Stevosevic said:

Shambles.

 

You build ready for when we are in the PL.

 

So we get to the PL, stay up for a couple of seasons, start building, then get relegated…then what 😂 

Build while the tourists stop coming - the championship.

[Ric Flair]

41 minutes ago, Stevosevic said:

Shambles.

 

You build ready for when we are in the PL.

 

So we get to the PL, stay up for a couple of seasons, start building, then get relegated…then what 😂 

Yeah we've proven that doesn't matter what success, however much of an outlier it is, we seem to be a magnet for unsustainability. This way of thinking by the current owners/board is quite possibly another reason for them to realise they're time is up and changes must occur.

[AjcW]

1 hour ago, Foxes_Trust said:

 

 

The club won’t proceed with stadium expansion while we are in the Championship 

Can't just be me that thinks this is stupid.

 

Best chance to reduce capacity and spend a season and two pre seasons working on it, when the ground will be less full anyway!

[Muzzy_no7]

Said this many times but we massively missed the boat on this.

 

We should currently have a 40-42,500 seater with scope to go to 45-48,000 but no we are in exactly the same position as 24 years ago. 

 

Priority between 2015-2019 should’ve been developing the KP and boosting our income.

 

Training ground could’ve waited, Belvoir drive is hardly as bad as West Ham’s or Newcastles training grounds.

[Spudulike]

1 hour ago, Foxes_Trust said:

All properties owned by King Power are held under one KP group company, this is practice used by a number of companies.

 

The club won’t proceed with stadium expansion while we are in the Championship 

 

The rest of the development would have boosted income and therefore helped any future financial assessments as turnover would be boosted, while money spent on the development would be discounted from the PSR calculations (or alternative future financial assessments)

Have King Power actually stated they won't build whilst in the Championship? Hard to believe that's the case.

 

Have they not taken note of other clubs with ambitions such as Birmingham and Luton ?

[filbertway]

1 hour ago, Foxes_Trust said:

All properties owned by King Power are held under one KP group company, this is practice used by a number of companies.

 

The club won’t proceed with stadium expansion while we are in the Championship 

 

The rest of the development would have boosted income and therefore helped any future financial assessments as turnover would be boosted, while money spent on the development would be discounted from the PSR calculations (or alternative future financial assessments)

Logically it makes sense to develop when demand is down, assuming they actually have designs on being top half premier league club, which to be fair we've not seen evidence of for about 4 years.

[davieG]

7 minutes ago, Muzzy_no7 said:

Said this many times but we massively missed the boat on this.

 

We should currently have a 40-42,500 seater with scope to go to 45-48,000 but no we are in exactly the same position as 24 years ago. 

 

Priority between 2015-2019 should’ve been developing the KP and boosting our income.

 

Training ground could’ve waited, Belvoir drive is hardly as bad as West Ham’s or Newcastles training grounds.

Vanity project. 

[Stevosevic]

6 minutes ago, Spudulike said:

Have King Power actually stated they won't build whilst in the Championship? Hard to believe that's the case.

 

Have they not taken note of other clubs with ambitions such as Birmingham and Luton ?

I don’t think they have. Fulham cracked on with their expansion after being relegated also. 

[Torten]

For someone as smooth-brained as I, why is getting relegated (twice lol) seemingly terminal for this? I thought stadium expenses were deductible from PSR, and KP have the money right?

[WarehamFox]

So Luton could possibly be in league one come Saturday but are going ahead with their stadium. If KP want revenue coming in why don’t they start with building the hotel and apartment towers, then work on stadium and arena when the money starts coming in? Does the planning consent say the stand has to be built first? 

[purpleronnie]

58 minutes ago, Stevosevic said:

I don’t think they have. Fulham cracked on with their expansion after being relegated also. 

6 years and they still haven't finished that stand.

[purpleronnie]

10 hours ago, The Horse's Mouth said:

Bournemouth have been competing at the top ish with a non league ground, we need to stabilise again before really considering this a priority.

Bournemouth are a bit like us.

 

Owners have invested heavily in the training complex but little to nothing on the stadium.

 

I wonder if Bournemouth will share the same fate as us.

[purpleronnie]

Ipswich, moving forward.

Press announcement today

"Ipswich Borough Council’s planning committee unanimously backed the aquatics centre development proposed for the car park behind the Cobbold Stand earlier today. The scheme, which was initially announced in July 2022 having been drawn up in collaboration with Suffolk County Council and Ipswich Town, will see a new aquatics centre, hotel and park areas built on the car park the opposite side of Portman Road from the football ground. In addition, a seven-storey car park would also be constructed in order to replace the spaces lost due to the new development.

Portman Road will re-routed into a curve as part of the aquatics centre project ahead of the Blues’ long-term plans for a stand development.

The next step for the project is the technical design phase, during which the detailed architectural and engineering designs will BE produced. That phase, which could take up to 12 months, will see a detailed design programme produced and a timeline for the construction phase agreed."

 

[Permafrost]

2 hours ago, Foxes_Trust said:

All properties owned by King Power are held under one KP group company, this is practice used by a number of companies.

 

The club won’t proceed with stadium expansion while we are in the Championship 

 

The rest of the development would have boosted income and therefore helped any future financial assessments as turnover would be boosted, while money spent on the development would be discounted from the PSR calculations (or alternative future financial assessments)

Do you know this for certain? Or is it just a hunch?

[CosbehFox]

8 minutes ago, purpleronnie said:

Bournemouth are a bit like us.

 

Owners have invested heavily in the training complex but little to nothing on the stadium.

 

I wonder if Bournemouth will share the same fate as us.

Theyve largely been unable to do anything with the stadium, it wasn’t in their ownership into this week 

[CosbehFox]

14 minutes ago, WarehamFox said:

So Luton could possibly be in league one come Saturday but are going ahead with their stadium. If KP want revenue coming in why don’t they start with building the hotel and apartment towers, then work on stadium and arena when the money starts coming in? Does the planning consent say the stand has to be built first? 

to be fair Luton have needed a new stadium for the best part of 40 years, that would be going ahead if they were back in National League. 
 

Youve hinted at one of the real reasons. There’s little financial gain from hotels and apartment towers. The whole economy has downturned in the period since the first plans - suspect that the whole financial model of the plans is skewed now. 
 

I think it’s often forgotten to that King Power’s finances are looking a little strained at the moment with reports of defaulting on an existing contract 

[purpleronnie]

3 minutes ago, CosbehFox said:

Theyve largely been unable to do anything with the stadium, it wasn’t in their ownership into this week 

I'm aware, and the old training complex stopped expansion, but the facts are the same.

[CosbehFox]

Just now, purpleronnie said:

I'm aware, and the old training complex stopped expansion, but the facts are the same.

But they had an obstacle in the way. That’s out of the way now and the chairman has been very vocal that they need to improve capacity whilst getting their fanbase younger. I’d suggest they know there is a problem and they are working on it whereas we are stuck. 

 

I think the slightly short sighted thinking about all is that we probably miss out on the Women’s World Cup plans as a 32k stadium but woukd achieve it as 40k stadium 

[purpleronnie]

10 minutes ago, CosbehFox said:

But they had an obstacle in the way. That’s out of the way now and the chairman has been very vocal that they need to improve capacity whilst getting their fanbase younger. I’d suggest they know there is a problem and they are working on it whereas we are stuck. 

 

I think the slightly short sighted thinking about all is that we probably miss out on the Women’s World Cup plans as a 32k stadium but woukd achieve it as 40k stadium 

I never said they didn't, I'm just stating all the investment has been into the training complex, just like us.  We were once very vocal about expanding the stadium.  I hope they are more successful.