Stadium expansion

[Dames]

7 minutes ago, StanSP said:

I don't get how people can't see this. The finances of it are probably covered. We're not relegated yet. It makes sense to expand. 

More than likely by a loan that would be secured against future revenues, just like how the training ground was financed. Revenues we wouldn't get if we were to go down.

 

With the way the club has been run in the past 2 years I highly doubt relegation would have entered their thinking. Even now there's a lax attitude and a belief that we are 'too big and too good' to go down. 

[FoxTalkFox]

Surely we would be more likely to attract players if we had a bigger stadium and fancy infrastructure?

[Alfie.meadsy]

13 minutes ago, Dames said:

More than likely by a loan that would be secured against future revenues, just like how the training ground was financed. Revenues we wouldn't get if we were to go down.

 

With the way the club has been run in the past 2 years I highly doubt relegation would have entered their thinking. Even now there's a lax attitude and a belief that we are 'too big and too good' to go down. 

Also if we get in the championship I reckon we will struggle to get back up.

[Le Renard]

This is why the club have to act and stop sitting on their hands, show some 'cojones'.  You can't develop a stadium and then go down, lightning doesn't strike twice, ask Roy Sullivan. 

[Alfie.meadsy]

1 minute ago, Le Renard said:

This is why the club have to act and stop sitting on their hands, show some 'cojones'.  You can't develop a stadium and then go down, lightning doesn't strike twice, ask Roy Sullivan. 

Expansion should of happened after we won the league. 

[Dames]

9 minutes ago, Alfie.meadsy said:

Also if we get in the championship I reckon we will struggle to get back up.

Exactly with the mass exodus of out of contract players due in the summer as well as bigger clubs picking up our other remaining assets we'll have a huge rebuild on our hands. This would be severely hamstrung if we were to press ahead with a Stadium Expansion as we'll have to find the money for both. (Spoiler - We don't have the money for both).

[Bob Weasel Fox]

1 hour ago, Alfie.meadsy said:

With the stadium expansion set to happen. I was curious if we keep playing the way we have been playing will a stadium expansion be worth it even if we are in the championship? Like teams such as Hull have not used their upper tier seating for years could that happen to us?

Thanks Mr Magoo 

[Yes]

Those of you who don’t want this to happen for whatever strange reason you have really need to let it go, it’s happening. 

[Aus Fox]

13 minutes ago, Dames said:

Exactly with the mass exodus of out of contract players due in the summer as well as bigger clubs picking up our other remaining assets we'll have a huge rebuild on our hands. This would be severely hamstrung if we were to press ahead with a Stadium Expansion as we'll have to find the money for both. (Spoiler - We don't have the money for both).

Why don’t we? The money for this is secured against future earnings - that would include parachute payments.

So that’s the stadium covered.

If we were to go down, and big clubs came in for our best players, say we lost Barnes, Maddison and Ndidi - that’s probably £150 million worth of players we could sign for a Championship club. As well as having more than adequate players such as Justin, Daka, Iversen etc.

[Matt]

1 hour ago, Aus Fox said:

Scrapping this is a ridiculously short sighted thought. One of the main reasons we’re in this mess is a lack of revenue. At some points you have to outlay some money, and maybe take a step backward to move forward.
Having a bigger stadium will lead to more money coming in, better sponsorship deals, being more attractive to players as well as other commercial opportunities for the club.

 

 

With a lot of empty seats.

 

Jeez we really do wanna be beta-Man City don’t we.

[Dames]

12 minutes ago, Aus Fox said:

Why don’t we? The money for this is secured against future earnings - that would include parachute payments.

So that’s the stadium covered.

If we were to go down, and big clubs came in for our best players, say we lost Barnes, Maddison and Ndidi - that’s probably £150 million worth of players we could sign for a Championship club. As well as having more than adequate players such as Justin, Daka, Iversen etc.

We wouldn't get 150 million for our players when we've been relegated, we wouldn't be in a position to bargain. With our finances and how much we've been losing it would be a take what we can get scenario.

 

No club in their right mind would secure a huge loan against parachute payments especially one that's lost 120 million or so in the past year. We'd immediately have to go into survival mode and things could get bad very quickly. People need to wake up and see the bigger picture, there are lots of moving parts and the foundations in which they are held together are not very steady at the moment. 

 

Relegation would be a calamity and postponing such a huge financial decision whilst our Premier League status is under threat wouldn't be the worst decision in the world. 

[Alfie.meadsy]

30 minutes ago, Yes said:

Those of you who don’t want this to happen for whatever strange reason you have really need to let it go, it’s happening. 

Yeah too late. Anyone know when construction will start?

[Dames]

8 minutes ago, Matt said:

With a lot of empty seats.

 

Jeez we really do wanna be beta-Man City don’t we.

People just want shiny new things. A stadium expansion and a complex around the stadium would be nice but you aren't going to attract the level of casual fans needed to make money playing in the Championship.

[turlo]

6 minutes ago, Aus Fox said:

Why don’t we? The money for this is secured against future earnings - that would include parachute payments.

So that’s the stadium covered.

If we were to go down, and big clubs came in for our best players, say we lost Barnes, Maddison and Ndidi - that’s probably £150 million worth of players we could sign for a Championship club. As well as having more than adequate players such as Justin, Daka, Iversen etc.

It will be funded by King Power like the training ground was or more likely funds secured via external investment. The loans from Macquarie bank against future earnings are to aid cash flow and are effectively just a way of bringing forward when the club receives the bulk of our revenue, which will already be allocated to cover the clubs operating costs - the EPL TV and prize money barely covers our wage bill. There's no way a club struggling to break even would fund a 200 mill + capital project without bringing in additional investment.

[Lcfc098]

3 minutes ago, turlo said:

It will be funded by King Power like the training ground was or more likely funds secured via external investment. The loans from Macquarie bank against future earnings are to aid cash flow and are effectively just a way of bringing forward when the club receives the bulk of our revenue, which will already be allocated to cover the clubs operating costs - the EPL TV and prize money barely covers our wage bill. There's no way a club struggling to break even would fund a 200 mill + capital project without bringing in additional investment.

Do you not think the plans were made before covid and it is maybe too late to pull out for KP now.

[CosbehFox]

52 minutes ago, Alfie.meadsy said:

Expansion should of happened after we won the league. 

It couldn’t. Didn’t own the adjacent land for starters

[Tommy G]

26 minutes ago, Matt said:

With a lot of empty seats.

 

Jeez we really do wanna be beta-Man City don’t we.

You are a real moaner, everything you post is negative. Try and have a positive outlook on life sometimes 

[SouthStandUpperTier]

1 hour ago, FoxTalkFox said:

Surely we would be more likely to attract players if we had a bigger stadium and fancy infrastructure?

Same thing was said about the new training ground and it simply hasn't happened. Instead we've seen Kasper and Fofana push through moves, and the likes of Tielemans, Soyuncu and Maddison running down their contracts.

Edited 11 October 2022 by SouthStandUpperTier

[jonathan_ross]

This must go ahead the club have  ambitions to be the next Sunderland..

[Alfie.meadsy]

26 minutes ago, SouthStandUpperTier said:

Same thing was said about the new training ground and it simply hasn't happened. Instead we've seen Kasper and Fofana push through moves, and the likes of Tielemans, Soyuncu and Maddison running down their contracts.

We are screwed.

[StanSP]

What if we went down, came back up at first time of asking, and then had the new stand ready for our season after that promotion? 

 

Everyone acts like the stadium expansion is happening before May 2022, but in addition to that, acting like there's a big fat R next to our name in the table. 

 

I'm not in denial - I know relegation is a possibility. It's not guaranteed yet either. It's the worst start we've had in ages and everything right now seems depressing about the club and as if nothing is going right. Perhaps the club see the stadium expansion as something positive. The long-term thinking being that we can and will fill it. What's that phrase, 'build it and they will come'? 

 

Also, financially, I'd be amazed if the CFO hasn't taken a look at worst case scenario when it comes to the costings should we get relegated. Any decent financial advisor or finance officer doesn't just look at all the positive outcomes - they stress-test the finances and look at how the finances would be sorted if copious amounts of shit hit the fan. With the positive hat on, I'd like to think all options are covered and we're not going to be left in the lurch financially IF we get relegated. 

 

The stadium expansion isn't just the bigger stand. It's the development and commitment behind it. I'd be shocked if there's any cancellation of it all at this stage, not when so much effort would have gone in to satisfy any doubts externally and seek the approval. 

 

[Tommy G]

7 minutes ago, StanSP said:

What if we went down, came back up at first time of asking, and then had the new stand ready for our season after that promotion? 

 

Everyone acts like the stadium expansion is happening before May 2022, but in addition to that, acting like there's a big fat R next to our name in the table. 

 

I'm not in denial - I know relegation is a possibility. It's not guaranteed yet either. It's the worst start we've had in ages and everything right now seems depressing about the club and as if nothing is going right. Perhaps the club see the stadium expansion as something positive. The long-term thinking being that we can and will fill it. What's that phrase, 'build it and they will come'? 

 

Also, financially, I'd be amazed if the CFO hasn't taken a look at worst case scenario when it comes to the costings should we get relegated. Any decent financial advisor or finance officer doesn't just look at all the positive outcomes - they stress-test the finances and look at how the finances would be sorted if copious amounts of shit hit the fan. With the positive hat on, I'd like to think all options are covered and we're not going to be left in the lurch financially IF we get relegated. 

 

The stadium expansion isn't just the bigger stand. It's the development and commitment behind it. I'd be shocked if there's any cancellation of it all at this stage, not when so much effort would have gone in to satisfy any doubts externally and seek the approval. 

 

Absolutely - Simon Capper has been there 10 years + and you don't survive that long if you are inept. It would of been a requirement from the Lender to stress test, a 5 year plan call it what you want. You don't get people chucking money at you on the never never, it's not 2008 anymore.

 

In my experience the CFO is always under pressure to look at every scenario - no one saw the pandemic coming, but I've had to do so much scenario planning over the past 18 months - with the focus on cashflows key to that almost on a daily basis. It would take something really drastic for all this to blow back on us from an existance point of view, plus the PWC would require a decent chunk of going concern work to sign the group accounts - the way the audit regulations have changed in the past 3-4 years have been massive. Having dealt with PWC for a number of years myself, their requirements and audit processes are second to none. 

Edited 11 October 2022 by Tommy G

[Matt]

3 hours ago, Tommy G said:

You are a real moaner, everything you post is negative. Try and have a positive outlook on life sometimes 

Sure, atleast there will be plenty of leg room for people to stretch out.

[Royston.]

5 hours ago, FoxTalkFox said:

Surely we would be more likely to attract players if we had a bigger stadium and fancy infrastructure?

Yeah and I bet they'll play for free too!!

[hackneyfox]

6 hours ago, Dames said:

Okay so you want to spunk millions of pounds on building infrastructure that isn't going to get used when we are in the Championship? Do you remember the attendances the last time we were doing bad? We struggled to get 20k. Even now some home games are short 2-3k which is unheard of in recent years. 

 

I'd rather the money went on getting the playing squad into a position to get us back into the League. 

There are 700 tickets available for the Palace game, hardly 2-3k.

The game is televised and it's the start of half term so hardly a surprise that there are tickets available.

Edited 11 October 2022 by hackneyfox