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

[Dames]

Just now, TiffToff88 said:

 

There's always going to be a threat of relegation unless you're one of the big 6. Just look at Everton. For years they were arguably seen as the best of the rest, but have seen a significant and steady decline and are also in serious danger of relegation this season. It hasn't stopped them investing in a new stadium.

Everton are probably the only club in the league that are run worse than we currently are. 

[kenny]

25 minutes ago, Aus Fox said:

Very short sighted this view is, If, and it’s a big IF we are relegated, we will be back in the PL at some point in our future and we clearly need extra revenue streams to be able to keep up in the PL. 

The whole thing will be paid off by 2025, if we stay in the PL. Then we have the opportunity to earn an extra 5 - 10 million a season.

I even think, if the prices at right and we are playing good football and challenging at the top end, even if relegated we have the potential to fill a larger stadium.

The additional seats are about stature and kudos I think. They will raise cash through sales, but will raise more by us being on TV more frequently as a result of the press interest. The year we won the league, Newcastle were paid more than us in TV money as they featured more often.

 

The expansion of the other facilities is really what it's about as well as raising the profile to improve sponsorship.

[westernpark]

The scope of the development makes me ridiculously uncomfortable, when coupled with us effectively betting against our premier league status, through the loans we have taken out. Other areas of the club need investment before this project.

[PAPA LAZAROU]

It's got to the stage were I will believe it when I see it. One thing for sure if we get relegated it's no longer an option for the owners.The fact that they have said nothing new about the project and or lack of movement on it should tell us all we need to know for now.

[jerry]

10 minutes ago, PAPA LAZAROU said:

It's got to the stage were I will believe it when I see it. One thing for sure if we get relegated it's no longer an option for the owners.The fact that they have said nothing new about the project and or lack of movement on it should tell us all we need to know for now.

Developments over the last eighteen months have made any further investment a pipe dream. Being cynical the 100 mil spent on the training facility has also ironically coincided with poor performances and increased injuries - you couldn't make it up !

[Jakemoore]

If reports are true we’ve taken out a loan against PL TV revenue up until 2025 to help finance this. We won’t be in the PL in 2025. We won’t even be in the PL in the second half of 2023. 
 

They need to scrap this plan and spend the money on the squad. We’ve got 90% of our squad out of contract in the next 18 months. How the hell are we replacing all of those players? Or even keeping the players we want to. 
 

40,000 Leicester fans at every home game is the ambition of our owners. It won’t be that. It will be 20,000 empty seats watching us play the likes of Bristol City. 

Edited 18 January 2023 by Jakemoore

[Scanchez]

3 minutes ago, Jakemoore said:

If reports are true we’ve taken out a loan against PL TV revenue up until 2025 to help finance this. We won’t be in the PL in 2025. We won’t even be in the PL in the second half of 2023. 
 

They need to scrap this plan and spend the money on the squad. We’ve got 90% of our squad out of contract in the next 18 months. How the hell are we replacing all of those players? Or even keeping the players we want to. 
 

40,000 Leicester fans at every home game is the ambition of our owners. It won’t be that. It will be 20,000 empty seats watching us play the likes of Bristol City. 

Bristol City?

 

We'd sell the ground out twice over for the return of King Nige.

[phoneticerror]

56 minutes ago, davieG said:

Because it's different money and not included in FFP

FFP… we’re not in any danger of breaching that are we? 😂

[sacreblueits442]

3 hours ago, frany104 said:

Tell that to Derby, Sheff Wednesday, forest and a host of other clubs who have been in the EFL for a number of years. You can’t just expect to come back up. We could be financially crippled by relegation. 

...the TV money is collateral,  relegation has already been calculated by the owners!!!

  With China opening up and being the biggest users of King Power duty-free,  the parent company has clawed back a lot of business,  but of course they are not back at pre- covid levels.

  The worse case scenario would see the loan paid back on time, because the bank would not be looking an instantly getting all their money back.

  Monies (non commercial revenues) can be introduced into the club without falling foul of FFP.

[CrazyKopCorner]

2 hours ago, Scanchez said:

Bristol City?

 

We'd sell the ground out twice over for the return of King Nige.

There weren't that many when he came back with Hull 

[Jakemoore]

2 hours ago, Scanchez said:

Bristol City?

 

We'd sell the ground out twice over for the return of King Nige.

Maybe not my best ‘randomly picked’ championship side come to think of it 😂

[westernpark]

14 minutes ago, CrazyKopCorner said:

There weren't that many when he came back with Hull 

Well, he’d not taken us up to the Premier League or built a title winning side at that point. Not to say he didn’t a deserve a full house for his rebuild through league one.

[somebum]

Need to bring Nigel home

[Fox in the North]

People need to relax on this and stop looking for things to get upset about. Fulham ploughed mega money into their stadium expansion (took years), and got on with it irrelevant of their league status. It will happen. Just be patient.

[kingkisnorbo]

I'd go as far to say that the development is silly even if we stay up. As others have said, the loan/tv rights stuff is very creeky. It's mismanagement if we're talking frankly. 

[FoyleFox]

1 hour ago, Fox in the North said:

People need to relax on this and stop looking for things to get upset about. Fulham ploughed mega money into their stadium expansion (took years), and got on with it irrelevant of their league status. It will happen. Just be patient.

£100 a ticket to sit in it now though.

[Ashley]

1 hour ago, Fox in the North said:

People need to relax on this and stop looking for things to get upset about. Fulham ploughed mega money into their stadium expansion (took years), and got on with it irrelevant of their league status. It will happen. Just be patient.

There's abit of a difference with their ground being on the Thames though. Pretty sure they had to reinforce everything because of how the stand is. 

[Old Fox]

4 hours ago, somebum said:

Need to bring Nigel home

Is he a part-time brickie then?

 

only reason to bring him back!

[somebum]

1 hour ago, Old Fox said:

Is he a part-time brickie then?

 

only reason to bring him back!

Well he did build the foundations so I guess he is

[Scanchez]

21 hours ago, CrazyKopCorner said:

There weren't that many when he came back with Hull 

Yeah, it was just a joke.

[tylesta]

16 hours ago, Ashley said:

There's abit of a difference with their ground being on the Thames though. Pretty sure they had to reinforce everything because of how the stand is. 

They had to buy part of the thames

[CrazyKopCorner]

24 minutes ago, Scanchez said:

Yeah, it was just a joke.

You're right it was a joke - only about 24,000 from memory - It should have been a lock out 

[ClaphamFox]

27 minutes ago, CrazyKopCorner said:

You're right it was a joke - only about 24,000 from memory - It should have been a lock out 

I was expecting it to be like this. So disrespectful to Nigel that it wasn't 

 

[UHDrive]

Any ITK's? 

 

Its been seven months. No contractor appointed. No timelines. No info from the club. Top - "spades in the ground" - August that was. 

 

I've read the condition list and any delays might have something to do with Network Rail. Anybody know? We need an agreement in place for outline land parcels bordering them. Mainly though we need an agreement for drainage connections and surface water runoff's which effectively stops "spades in the ground" because the full app borders it. I've dealt with Network Rail when I worked at Bellway Essex on a site and they are arrogant as hell and KP would be dealing with the same team. It took me 10 months to get the nod on site security and construction alone, absolutely p*ss poor. However Network Rail wouldn't make financial gain from it so that wouldn't matter.

 

My opinion stays the same, very dubious. It'd be nice for the players incoming to know that it's a dead cert!

[An Sionnach]

15 minutes ago, UHDrive said:

Any ITK's? 

 

Its been seven months. No contractor appointed. No timelines. No info from the club. Top - "spades in the ground" - August that was. 

 

I've read the condition list and any delays might have something to do with Network Rail. Anybody know? We need an agreement in place for outline land parcels bordering them. Mainly though we need an agreement for drainage connections and surface water runoff's which effectively stops "spades in the ground" because the full app borders it. I've dealt with Network Rail when I worked at Bellway Essex on a site and they are arrogant as hell and KP would be dealing with the same team. It took me 10 months to get the nod on site security and construction alone, absolutely p*ss poor. However Network Rail wouldn't make financial gain from it so that wouldn't matter.

 

My opinion stays the same, very dubious. It'd be nice for the players incoming to know that it's a dead cert!

. No contractor appointed. No timelines. No info from the club.  - No money!!