Stadium expansion

[sacreblueits442]

3 hours ago, An Sionnach said:

13th in the premiership capacity list which for a city of 350,000 is far too small and for all the talk of breaking into the top six , the small ground will make that extremely difficult to ever sustain. Arguably as the major club in the E. Midlands ,including Coventry, we should be looking at 45,000 capacity. Let's see some action - now!

...the gate receipts help to an extent,  but to push a club forward it is the TV money and merchandising that generates the sums we would need.

[Paninistickers]

On 16/11/2022 at 13:25, Sly said:

I notice we’re not on the proposed stadium list for the joint 2028 bid for the Euros for Ireland/UK. 

Is forests imaginary stadium the artist impression one with no location, funding nor planning permission on there as it was for the world.cup bid?

[st albans fox]

1 hour ago, Paninistickers said:

Is forests imaginary stadium the artist impression one with no location, funding nor planning permission on there as it was for the world.cup bid?

Only midlands stadium is villa park 

[UHDrive]

Are there any club ITK's on this?? 

 

I've worked in architecture for 20 years and I've never heard anything like how long this is taking. The planning online dept is still classifying the application as 'PENDING'

 

Someone is dragging there heels or making changes.

[urban.spaceman]

22 minutes ago, UHDrive said:

Are there any club ITK's on this?? 

 

I've worked in architecture for 20 years and I've never heard anything like how long this is taking. The planning online dept is still classifying the application as 'PENDING'

 

Someone is dragging there heels or making changes.

Update in the main thread around the time planning permission was granted:

 

On 14/09/2022 at 19:22, moore_94 said:

Sounds like still a bit of waiting

 

 

 

We've also taken out loans against TV money presumably to pay for it.

 

On 23/09/2022 at 20:26, iancognito said:

Macquarie investments, we've had a number of loans from them, usually secured against future TV money

 

https://www.leicestermercury.co.uk/sport/football/football-news/leicester-city-take-out-another-4883518

 

https://www.leicestermercury.co.uk/sport/football/football-news/leicester-city-bank-loans-training-2475803

I imagine they're waiting till an appropriate time to announce it, maybe Christmas or something.

 

[st albans fox]

10 hours ago, urban.spaceman said:

Update in the main thread around the time planning permission was granted:

 

 

We've also taken out loans against TV money presumably to pay for it.

 

I imagine they're waiting till an appropriate time to announce it, maybe Christmas or something.

 

They usually wait till we’ve lost a few games to try and lift the spirits ! 

[UHDrive]

11 hours ago, urban.spaceman said:

Update in the main thread around the time planning permission was granted:

 

 

We've also taken out loans against TV money presumably to pay for it.

 

I imagine they're waiting till an appropriate time to announce it, maybe Christmas or something.

 

My experience of planning approvals are that they are for public acknowledgement and nothing more. 

 

The only item that can hold this up is the negotiation of the S106 agreement. To be clear the S106 is usually agreed before the committee approval although on such a big scheme can be pushed back, however this should still NOT block the determination of the approval as the approval notice will simply state the S106 commitments,  framework timescales and payments. 

 

I believe that their is a significant argument between solicitors for king power and the council surrounding either the phasing of the development or contributions. Less likely contributions as these are always agreed before hand. Therefore phasing  and given the number of outline apps overlaying the full application for the stadium then I can understand why.

[UHDrive]

Anyone any updates? We could do with some news right now. 

 

Anyone know if this is about money wrangling under the 106 and if so then who is it? Someone mentioned the cricket club lighting, but I can't imagine that that would be that difficult to agree some compensation about.

[jammie82uk]

18 minutes ago, UHDrive said:

Anyone any updates? We could do with some news right now. 

 

Anyone know if this is about money wrangling under the 106 and if so then who is it? Someone mentioned the cricket club lighting, but I can't imagine that that would be that difficult to agree some compensation about.

Since the conditional agreement It’s not and never has been the cricket club, it’s to do with the contents of the section 106 and what the council are asking for 

[ithuriel]

To be honest, it's got to the point, I'll believe it when I see it.

Starting to lose confidence with the people running the club at the moment, everything just feels a bit off at the moment.

[dnewty]

18 minutes ago, ithuriel said:

To be honest, it's got to the point, I'll believe it when I see it.

Starting to lose confidence with the people running the club at the moment, everything just feels a bit off at the moment.

Couldn’t agree more, it would be nice if someone on the board came out and answered some proper questions. I’m not convinced that this project is happening and I also think we’ll be lucky to get more than one signing.

[cruzFOX]

Yup thr who club is constipated! 
there is no movement just a lot of stagnation and regression.

needs a seriously strong laxative 

[PAPA LAZAROU]

1 hour ago, cruzFOX said:

Yup thr who club is constipated! 
there is no movement just a lot of stagnation and regression.

needs a seriously strong laxative 

Stop talking shit.

[UHDrive]

2 hours ago, jammie82uk said:

Since the conditional agreement It’s not and never has been the cricket club, it’s to do with the contents of the section 106 and what the council are asking for 

That's not accurate. The client/LA pre agree a draft S106 agreement prior to full consent. At this stage of the process it would be unfathomable for this to be about commutable sums. The design is practically approved, and is so under the outline applications for the surrounding land parcels to be developed. In my experience the S106 will be intrinsically linked to the masterplan design with respect to numbers/sums as a whole, in order to give clarity to the LA. So either it's KP's solicitors/architects going back in with a redesign/tweaks to the outline parcels (assumption), while they have time, or, the LA have conditioned 'a' part of the scheme to either be "prior to construction" or requested a phasing/build plan/construction hours etc all of which require their approval prior to full consent and that KP might be negotiating on.

 

I have pushed through some big applications whereby the habitat report alone delayed the site start by over a year due to getting the consent/conditions through and then so as to put badger runs in on the site.. 

 

The fact that the councillors approved it in August, yet the full approval hasn't been given by the LA in Jan 23' is quite telling in that whatever is going on has to be big otherwise it would've just been conditioned in the approval notice. 

 

Somebody imo is attempting to negotiate big tweaks to the masterplan to cut costs. I can't see, with the LA's support at the committee meeting for the overall design any other reason whatsoever to have not consented it by now. 

 

Edited 2 January 2023 by UHDrive

[holyfox]

32 minutes ago, UHDrive said:

That's not accurate. The client/LA pre agree a draft S106 agreement prior to full consent. At this stage of the process it would be unfathomable for this to be about commutable sums. The design is practically approved, and is so under the outline applications for the surrounding land parcels to be developed. In my experience the S106 will be intrinsically linked to the masterplan design with respect to numbers/sums as a whole, in order to give clarity to the LA. So either it's KP's solicitors/architects going back in with a redesign/tweaks to the outline parcels (assumption), while they have time, or, the LA have conditioned 'a' part of the scheme to either be "prior to construction" or requested a phasing/build plan/construction hours etc all of which require their approval prior to full consent and that KP might be negotiating on.

 

I have pushed through some big applications whereby the habitat report alone delayed the site start by over a year due to getting the consent/conditions through and then so as to put badger runs in on the site.. 

 

The fact that the councillors approved it in August, yet the full approval hasn't been given by the LA in Jan 23' is quite telling in that whatever is going on has to be big otherwise it would've just been conditioned in the approval notice. 

 

Somebody imo is attempting to negotiate big tweaks to the masterplan to cut costs. I can't see, with the LA's support at the committee meeting for the overall design any other reason whatsoever to have not consented it by now. 

 

 

perhaps they have agreed to buy the Eon building and now have a revised plan that they want to have approved?

[UHDrive]

4 hours ago, holyfox said:

 

perhaps they have agreed to buy the Eon building and now have a revised plan that they want to have approved?

The issue there is that that land area is outside of the outline permission that was approved at committee stage which would require a full application itself. Unfortunately we couldn't just bolt that area onto the existing app in any way.

 

Part of me genuinely wonders whether the club maybe up for sale and that the solicitors are ensuring legal docs are prepped for the KP site. There hasn't even been an anticipated start date for construction given by the club and a contractor hasn't even been formally appointed either - its bazaar.

 

 

[los dedos]

Knowing the council they'll be negotiating getting a few floors cut off the hotel/residential building.

We can't have Leicester trying to grow into a major city can we .

[jmono84]

26 minutes ago, UHDrive said:

The issue there is that that land area is outside of the outline permission that was approved at committee stage which would require a full application itself. Unfortunately we couldn't just bolt that area onto the existing app in any way.

 

Part of me genuinely wonders whether the club maybe up for sale and that the solicitors are ensuring legal docs are prepped for the KP site. There hasn't even been an anticipated start date for construction given by the club and a contractor hasn't even been formally appointed either - its bazaar.

 

 

I’m getting that sale feeling too.

 

The complete lack of signings, the expansion completely stalled and players running down their contracts. Something ain’t right.

[dnewty]

13 minutes ago, jmono84 said:

I’m getting that sale feeling too.

 

The complete lack of signings, the expansion completely stalled and players running down their contracts. Something ain’t right.

I agree that something must be going on.

 

When was the last time a player signed a new contract or we had a signing to strengthen the starting 11.

 

The silence regarding the stadium is deafening.

[5waller5]

10 minutes ago, dnewty said:

I agree that something must be going on.

 

When was the last time a player signed a new contract or we had a signing to strengthen the starting 11.

 

The silence regarding the stadium is deafening.

The silence in all matters is deafening!

[cal21212121]

9 hours ago, dnewty said:

Couldn’t agree more, it would be nice if someone on the board came out and answered some proper questions. I’m not convinced that this project is happening and I also think we’ll be lucky to get more than one signing.

Alot of the time people are under NDAs (non-disclosure agreements) and can't actively talk about these things in fine detail. There are several projects that I have been involved with that I am under NDAs on, including other clubs stadium plans...

Patience is key, they will have sunk enough money into the project by now that they'll want to see it through - alot of the finer details take some working out and anything involving the council will take some time.

[UHDrive]

33 minutes ago, cal21212121 said:

Alot of the time people are under NDAs (non-disclosure agreements) and can't actively talk about these things in fine detail. There are several projects that I have been involved with that I am under NDAs on, including other clubs stadium plans...

Patience is key, they will have sunk enough money into the project by now that they'll want to see it through - alot of the finer details take some working out and anything involving the council will take some time.

That's the problem though, the professional service fees amount to £2-3 million which is insignificant to the club value. The LA would've already issued the approval notice unless KP have given them reason not to.

[Pita]

The way it’s going I wouldn’t be surprised if it all fall through 

[FoxFossil]

9 hours ago, jmono84 said:

I’m getting that sale feeling too.

 

The complete lack of signings, the expansion completely stalled and players running down their contracts. Something ain’t right.

Always felt the 'stadium expansion' was a paper exercise to raise the value of the site, (hotel etc not ground) and hence the value of the overall business, prior to attempting a sale. Not unusual for a developer to get outline permission and then sell. The current silence makes absolute sense if the Birch gossip about lack of resolution of Vichi estate is true. Expect no incoming transfers, no work on stadium, more loans as Top tries to exit without spending. It's just a business now.

[foxinsocks]

I dont think the ecpansion priject majes financisl sense.  The extra seats will struggle to provide a return on the build cost...