How Much Does Seagrave Cost Per Year

[Terraloon]

1 hour ago, FoxFossil said:

Seagrave only has value if somebody is prepared to buy it or part of it. Same as the club, may have a negative value ; huge running costs, change of use to housing unclear. May cost more to convert/develop than its worth. Developers often see value in land, but less so structures. Debate can be resolved by going to the market and see what offers come in. If club is in administration then a fire sale to asset strippers results. Better to try and secure some value whilst there is some imo.

One thing in life I have learnt is never say never.

 

To re purpose the Seagrave site to say housing would be incredibly difficult.

 

When it comes to planning on a site where there are playing fields means that Sports England has to be consulted and unless either those pitches haven’t  been used in the last 3 years or there are plans to replace them  in full and  on  a location nearby then Sports England will also set certainty object and that would in all likelihood mean planning would not  be granted.

 

Returning to running costs and staffing London lionesses, a standalone WSL team, have submitted plans to built a training ground . It will be amazing of that I have no doubt but won’t be the same size or standard as Seagrave but my point here is that their planning application includes the statement that they will create 50 full time jobs.

Edited 12 February by Terraloon

[Stadt]

5 hours ago, coalvillefox said:

Because it's the best, womens only, training facility in the country and the club are immensely proud of that. It is also one of the standout reasons why some of the best young girls around choose Leicester when decide which academy they want to play for. It's not always all about the here and now, it's building something for the future also. I fully appreciate that Seagrave itself is also an incredible facility but it would feel like the women/girls just got shoved on an unused pitch somewhere in the far corner, at Belvoir Drive the whole facility is theirs.

We’re at Rio of going bust - the best women’s training facility in the country trophy will be no good to us then

[Tommy G]

2 hours ago, FoxFossil said:

Seagrave only has value if somebody is prepared to buy it or part of it. Same as the club, may have a negative value ; huge running costs, change of use to housing unclear. May cost more to convert/develop than its worth. Developers often see value in land, but less so structures. Debate can be resolved by going to the market and see what offers come in. If club is in administration then a fire sale to asset strippers results. Better to try and secure some value whilst there is some imo.

You said the books should reflect this, which is implying s=Seagrave is written down to zero, which wont happen - was my point. 

[Tommy G]

2 hours ago, CornwallFox said:

No offense but you're very wrong when it comes to my specific subject matter. I'm one of the experts in the country at what I do. I would suggest you don't make sweeping judgements based on zero knowledge. 

One of the experts in the country of not providing any thought provoking responses when pushed twice on something? Just a sweeping statement that the big 4 are sh*t basically. No examples of what you would do differently and no examples to back up why you have this view. 

 

Keir has taught you well on dodging questions and deflection. 

[CornwallFox]

1 minute ago, Tommy G said:

One of the experts in the country of not providing any thought provoking responses when pushed twice on something? Just a sweeping statement that the big 4 are sh*t basically. No examples of what you would do differently and no examples to back up why you have this view. 

 

Keir has taught you well on dodging questions and deflection. 

My comment was about the big 4 being crap. I didn't give an opinion on a specific situation at Leicester of which I have no detailed knowledge.

 

Considering how little you respond to anything about your own opinions it's laughable you expect answers on things like this. 

[Muzzy_no7]

2 minutes ago, CornwallFox said:

My comment was about the big 4 being crap. I didn't give an opinion on a specific situation at Leicester of which I have no detailed knowledge.

 

Considering how little you respond to anything about your own opinions it's laughable you expect answers on things like this. 

 

[Long Eaton Fox]

My feeling is this place could drag us into administration if a solution to the issue is not addressed soon. Good  idea at the time to help us produce great academy footballers rather than buying  them in but unfortunately we did both resulting our  current predicament. Can't think of a viable alternative to Seagrave as conversion to a hotel I don't think would work. Only selling the club can fix this I think

[Leicesterpool]

Remember Cov during their problems had to sell there training grounds to Wasps.

 

I wonder if the Tigers would be interested in part owning Seagrave, make it joint training venue. 

[Long Eaton Fox]

5 minutes ago, Leicesterpool said:

Remember Cov during their problems had to sell there training grounds to Wasps.

 

I wonder if the Tigers would be interested in part owning Seagrave, make it joint training venue. 

Where do tigers train now? Excellent thought though.

[Tiny earl]

Ythey have a great facility at Oadby.

[Chrysalis]

13 hours ago, FOXYTALK said:

Could we sell thee women's training facility and put them in with the men's team.

It really needs to be the other way round, but some here have sadly fell to the allure of owning a training ground described as a 5 star hotel, as a sauna and has excessive training pitches whilst being a league one or lower championship club.

I would be very surprised if a miracle happened and a shrewd person became a new owner, that one of the first actions would not be to either significantly downsize or sell seagrave.

League one is about to introduce very strict 50% spending regulations which include sporting infrastructure running costs as well.

Edited 12 February by Chrysalis

[Mark_w]

13 hours ago, FOXYTALK said:

Could we sell thee women's training facility and put them in with the men's team.

When you say put them in with the men’s team, do you mean for training or into the starting lineup? Not opposed to either, just wondering.

[VLC86]

17 minutes ago, Leicesterpool said:

Remember Cov during their problems had to sell there training grounds to Wasps.

 

I wonder if the Tigers would be interested in part owning Seagrave, make it joint training venue. 

 

2 minutes ago, Tiny earl said:

Ythey have a great facility at Oadby.

Yup, I’d be shocked if this happened. 

[pmcla26]

1 minute ago, Chrysalis said:

It really needs to be the other way round, but some here have sadly fell to the allure of owning a training ground described as a 5 star hotel, as a sauna and has excessive training pitches whilst being a league one or lower championship club.

I would be very surprised if a miracle happened and a shrewd person became a new owner, that one of the first actions would not be to either significantly downsize or sell seagrave.

League one is about to introduce very strict 50% spending regulations which include sporting infrastructure running costs as well.

If someone bought the club I feel like it’s because they have the ambitions of getting us back to the Premier League and Seagrave would be a big selling point for them as part of that strategy. 
 

Doesn’t really matter though because I think we’re stuck with Top and King Power, unfortunately. 

[woznotwos]

8 minutes ago, Tiny earl said:

Ythey have a great facility at Oadby.

Yeah , its near the tip but looks decent.

[Muzzy_no7]

24 minutes ago, Leicesterpool said:

Remember Cov during their problems had to sell there training grounds to Wasps.

 

I wonder if the Tigers would be interested in part owning Seagrave, make it joint training venue. 

Tigers have no cash whatsoever 

[Claridge]

10 hours ago, coalvillefox said:

Because it's the best, womens only, training facility in the country and the club are immensely proud of that. It is also one of the standout reasons why some of the best young girls around choose Leicester when decide which academy they want to play for. It's not always all about the here and now, it's building something for the future also. I fully appreciate that Seagrave itself is also an incredible facility but it would feel like the women/girls just got shoved on an unused pitch somewhere in the far corner, at Belvoir Drive the whole facility is theirs.

But they don't create enough income to even pay for Belvoir drive, shift the men on the outside pitches, serve them right

 

[Terraloon]

Been looking a little deeper into this

The clubs administrative cost went up from £17.5m to £22.3 m. a rise of £4.8 m in 2021. The clubs explanation said that the costs were down to 1) The opening of Seagrave and 2) An increase in rates following withdraw of the removal of some of the Covid Business Rate discount which at most I believe would have been at most  £250k . 
So I think  fair to say that as a minimum in 21/22 the cost of Seagrave was a minimum of £4.5 million 

Since then as we all know from our own household expenditure every thing costs more . From an employers perspective the additional NIC and increases in wages will have added a further chunk.

I am revising my guess as to how much Seagrave is costing in cash terms to between £5&6 million PA.

 

 

 

 

[Long Eaton Fox]

5 minutes ago, Terraloon said:

Been looking a little deeper into this

The clubs administrative cost went up from £17.5m to £22.3 m. a rise of £4.8 m in 2021. The clubs explanation said that the costs were down to 1) The opening of Seagrave and 2) An increase in rates following withdraw of the removal of some of the Covid Business Rate discount which at most I believe would have been at most  £250k . 
So I think  fair to say that as a minimum in 21/22 the cost of Seagrave was a minimum of £4.5 million 

Since then as we all know from our own household expenditure every thing costs more . From an employers perspective the additional NIC and increases in wages will have added a further chunk.

I am revising my guess as to how much Seagrave is costing in cash terms to between £5&6 million PA.

 

 

 

 

So not affordable for a league 1 club. 

[Terraloon]

Just now, Long Eaton Fox said:

So not affordable for a league 1 club. 

Not affordable for a Championship Club.

 

The suggestion is that the average income of a Championship Club is £30 million. If you extract the amount included in clubs income attributed to parachute payments my guess is that it’s nearer £20 million. Let’s be generous and assume once all parachute payments have been received by LC that the annual income is indeed £30 million there is absolutely no way  the club will be able to afford the estimated £5-6 million cost of a training facility 

[ElusiveEd]

Every single part of this club is on its knees and I genuinely can't see a way out of it. 

 

For everything that Seagrave has, and has been to us, it will become a noose around our necks and that tightening will be instant if we go to L1.

 

 

Edited 12 February by ElusiveEd

[Terraloon]

5 minutes ago, Terraloon said:

Not affordable for a Championship Club.

 

The suggestion is that the average income of a Championship Club is £30 million. If you extract the amount included in clubs income attributed to parachute payments my guess is that it’s nearer £20 million. Let’s be generous and assume once all parachute payments have been received by LC that the annual income is indeed £30 million there is absolutely no way  the club will be able to afford the estimated £5-6 million cost of a training facility 

Edit 

I would add that the last number I saw in terms of the cost of the KP was also around £5 m pa

[South Shire Fox]

100k just to operate the hot tubs and swim up bar apparently 

[Foxin_Mad]

21 minutes ago, South Shire Fox said:

100k just to operate the hot tubs and swim up bar apparently 

They should turn all the luxury spa shit off with immediate effect and tell the players if you play like League 1 players we will treat you as such. 

[South Shire Fox]

10 minutes ago, Foxin_Mad said:

They should turn all the luxury spa shit off with immediate effect and tell the players if you play like League 1 players we will treat you as such. 

I agree, get them training down St Margaret's pastures