8 hours ago, dkw said:

Not necessarily, theres a lot of innovation in construction currently being looked at because of the cost rises currently, ways to build with different material etc. Prices over the last few years have fluctuated ridiculously at times, due to world situations. Once it all calms down (hopefully) this will see prices settle.

I've never known the estimated cost of a large building project to turn out to be more than the final cost .

Isn't the final cost usually significantly more than the original estimate?

Like the  plasterer who did our house for example?

Edited June 25, 20242 yr by The Rising Sun
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42 minutes ago, The Rising Sun said:

I've never known the estimated cost of a large building project to turn out to be more than the final cost .

Isn't the final cost usually significantly more than the original estimate?

Like the  plasterer who did our house for example?

The poster  child for this from a footballing perspective is good old Wembley stadium, which over-ran "budget" by a factor of three !

 

1 hour ago, The Rising Sun said:

I've never known the estimated cost of a large building project to turn out to be more than the final cost .

Isn't the final cost usually significantly more than the original estimate?

Like the  plasterer who did our house for example?

Yeah, even more so the past 3 or 4 years. But this making companies look towards changing the way large projects are ran, the paperwork is ridiculous (CDM stuff). I do think changes will happen, though it will be slow, as usual.

9 hours ago, dkw said:

Not necessarily, theres a lot of innovation in construction currently being looked at because of the cost rises currently, ways to build with different material etc. Prices over the last few years have fluctuated ridiculously at times, due to world situations. Once it all calms down (hopefully) this will see prices settle.

Football Stadia the core materials are reinforced concrete and structural steelwork- however take your point- went to the Champions League QF against Bayern in 2005-  the old World Cup 74 ground- they had a canvass cantilever roof at the ends- seen same things at a couple of grounds in this tournament- makes sense, cheap,  lightweight- keeps the elements out…

3 hours ago, The Rising Sun said:

Despite having that fantastic stadium, Levy says the club need "significant investment" if it is to move forward. They are considering selling a stake in the club to raise funds.  Most of their shares (80plus %) are held by that investment group (enic) ?

And their 3 year losses are about £230 million, despite hardly lashing out on players.

Maybe the extra revenue goes to pay dividends to shareholders? But I'm pretty sure that counts as spending in the same way player's wages are ?

Anyway, I'll be happy if we can rebuild whilst staying at the bridge, looks unlikely though.

We can't touch the Stoll mansions for a few years anyway

The biggest chunk of their losses (circa£70 million pa) is in respect of depreciation of tangible assets which get added back. 
 

Levy himself takes a sizeable salary but in terms of financial management theirs is a model that to be honest other than in the trophy cabinet has delivered significant advances for them

 

GRRRR

13 hours ago, Timmy Elms said:

Football Stadia the core materials are reinforced concrete and structural steelwork- however take your point- went to the Champions League QF against Bayern in 2005-  the old World Cup 74 ground- they had a canvass cantilever roof at the ends- seen same things at a couple of grounds in this tournament- makes sense, cheap,  lightweight- keeps the elements out…

Even then the reinforced concrete technology is progressing, the reinforcement is no longer always steel, its composite materials, fibers etc. Also curing time for concrete is now hours rather than days (and sometimes weeks). The problem is these new methods are often a bit more expensive, so its about weighing up the cost v time, which is better for that project.

I suppose the basic gist is just because other projects were ridiculously expensive doesnt mean all projects going forward should be too.

Edited June 26, 20242 yr by dkw

17 hours ago, The Rising Sun said:

Spurs won't be banking everything from the stadium income and then not spending any of it for 25 years.

You have to deduct the usual stuff, player transfers, wages etc rtc from that income every season.

Anyway we make £80million a year on match day revenues.

Almost pays for a Mudryk !

 

 

No, obviously not. Only pointing out a guaranteed, very healthy income stream that will only increase as they further exploit the stadium. It's the lowish interest rate on borrowings and the extended loan period that is more important. It was canny business. But they're looking to raise further funds with a potential sale of shares. Joe Lewis isn't involved anymore, he transferred his majority ownership to a Trust prior to being charged with (and later convicted of) insider trading in the US. It will be interesting to see what the whole is valued at.

The absolute best solution would be to recreate SB to its current location. Not sure why this is not progressing.

5 minutes ago, evissy said:

The absolute best solution would be to recreate SB to its current location. Not sure why this is not progressing.

Tbh I don’t think it ever will progress 

52 minutes ago, Andy2461 said:

Tbh I don’t think it ever will progress 

Knowing the owner's obsession with all things Brighton, a move to the South Downs might be on !

 

On 23/06/2024 at 14:35, axman2526 said:

Does anyone still believe this ownership are geninually trying to redevelop the stadium?

Is all PR manipulation. There is no money in it for them. They will make money as we are are, the lower wage bill is all they need, then sell the club for 5bill and walk away very happy with their money. Maybe will even do a Galzers and sell a stake in the club so they can hand over the running while getting fat off the profits.

There's absolutely money in building a new stadium, take a look at Spurs with their new stadium.  Obviously a bigger attendence helps, but I actually think the bigger thing is adding more luxury boxes.  I felt like I read somewhere that in the NFL (where they've pretty much mastered making money), the stadium luxury boxes can make as much, if not more, as the ticket sales of general attendance.  

Plus you also have to think of it from an investment mindset.  A brand new stadium raises the overall valuation of the club. A lot of time you'll get the investors who care more about the overall entity's valuation over profits.  Think of it this way, you buy Chelsea for 4 billion, you lose 50 million a year for 10 years making that a loss of 500 mil, but you've increased the valuation in that 10 years to 6 billion, and sell for a 1.5 billion profit.  I'm over simplifying obvious but you get the point.  A new multipurpose stadium could increase the overall value and at the very least, it's an asset that you can sell to make your money back (although the fans would probably riot).  

31 minutes ago, TennesseeBlues said:

There's absolutely money in building a new stadium, take a look at Spurs with their new stadium.  Obviously a bigger attendence helps, but I actually think the bigger thing is adding more luxury boxes.  I felt like I read somewhere that in the NFL (where they've pretty much mastered making money), the stadium luxury boxes can make as much, if not more, as the ticket sales of general attendance.  

Plus you also have to think of it from an investment mindset.  A brand new stadium raises the overall valuation of the club. A lot of time you'll get the investors who care more about the overall entity's valuation over profits.  Think of it this way, you buy Chelsea for 4 billion, you lose 50 million a year for 10 years making that a loss of 500 mil, but you've increased the valuation in that 10 years to 6 billion, and sell for a 1.5 billion profit.  I'm over simplifying obvious but you get the point.  A new multipurpose stadium could increase the overall value and at the very least, it's an asset that you can sell to make your money back (although the fans would probably riot).  

All depends how much a new stadium costs and how long it takes, and how much money is lost for those years if we are sharing with Fulham.

 

Didn't we just spend £80m on the Stoll Mansions? Why did we buy that if we're just going to relocate.

I beg someone just tells us what the vision is. 

It's funny how they continuously forget about the CPOs

Edited September 10, 20241 yr by Sconnie Blue

40 minutes ago, Ukraine Bolt said:

Didn't we just spend £80m on the Stoll Mansions? Why did we buy that if we're just going to relocate.

I beg someone just tells us what the vision is. 

Pretty sure it was reported at the time that we were purchasing it as it would be required IF we stayed but that it wasn't an indication that a decision had been made. Makes sense to get 'smaller' stumbling blocks like that out of the way before approving plans, as the price goes through the roof if they know its the only thing stopping our new stadium. 

Just becomes a part of whatever we sell if we move. 

56 minutes ago, Ukraine Bolt said:

Didn't we just spend £80m on the Stoll Mansions? Why did we buy that if we're just going to relocate.

I beg someone just tells us what the vision is. 

The vision quite simply is that there is a significant piece of real estate that will either facilitate egress from the site should  it be redeveloped as a stadium or increase the worth should the stadium be relocated and a significant piece of real estate attached to a valuable piece of land that is in one of the most sought after post codes in the land.

 

35 minutes ago, Sconnie Blue said:

It's funny how they continuously forget about the CPOs

I am sure I read from the  CPOs published minutes that discussing the stadium is subject to a nda but by inference it has to be that such discussions are ongoing 

I can see there are real advantages to an Earls Court stadium but the CPO must own the new pitch.

1 hour ago, Ukraine Bolt said:

Didn't we just spend £80m on the Stoll Mansions? Why did we buy that if we're just going to relocate.

I beg someone just tells us what the vision is. 

Come on now.... 

Stolls mansions is another asset for the owners. It will come in very hand, selling it for double what we paid in a season or 2 (to ourselves hopefully) to overcome another FFP loophole.

 

It is not money down the drain - far from it!

Didn't the  Earl's Court redevelopment project firmly reject a stadium on the site ages ago?

I did hear ( via the total truth medium of YouTube) a while back that the redevelopment had run into problems , so maybe that might free up a stadium move.?

On the other hand what I read may have been a load of made up bo**ocks 

4 minutes ago, The Rising Sun said:

Didn't the  Earl's Court redevelopment project firmly reject a stadium on the site ages ago?

I did hear ( via the total truth medium of YouTube) a while back that the redevelopment had run into problems , so maybe that might free up a stadium move.?

On the other hand what I read may have been a load of made up bo**ocks 

Today...

"The Earl's Court Development Company insist there are no plans for Chelsea to relocate to a nearby site as reports link the Blues with a move away from Stamford Bridge."

So, it was a load of bo**ocks.

But...Is the Lillee Road railway depot part of the Earls Court redevelopment?

Weren't we looking at that as a site a while ago?

f**k knows, don't ask me !

 

From the Architect's Journal from March 2024

Images of proposed Earls Court first phase redevelopment.

Can't see our stadium in there.

In fact , it looks like a fantasy image !

 

4 hours ago, Sconnie Blue said:

 

Going to start to see all of this type of propaganda now that we have this tug of war going on. All it tells me is that this is all bo**ocks and that Jacob Steinberg is proving he is in the Clearlake camp from some  of his recent articles.

Love the last bit from CFC Daily as well. The biggest and best stadium in the country eh? Omonia Nicosia will be thrilled when they get the chance to visit.

Edited September 10, 20241 yr by WhiteWall

On 27/06/2024 at 18:51, TennesseeBlues said:

There's absolutely money in building a new stadium, take a look at Spurs with their new stadium.  Obviously a bigger attendence helps, but I actually think the bigger thing is adding more luxury boxes.  I felt like I read somewhere that in the NFL (where they've pretty much mastered making money), the stadium luxury boxes can make as much, if not more, as the ticket sales of general attendance.  

Plus you also have to think of it from an investment mindset.  A brand new stadium raises the overall valuation of the club. A lot of time you'll get the investors who care more about the overall entity's valuation over profits.  Think of it this way, you buy Chelsea for 4 billion, you lose 50 million a year for 10 years making that a loss of 500 mil, but you've increased the valuation in that 10 years to 6 billion, and sell for a 1.5 billion profit.  I'm over simplifying obvious but you get the point.  A new multipurpose stadium could increase the overall value and at the very least, it's an asset that you can sell to make your money back (although the fans would probably riot).  

There is the little factor of the CPO to take into account as well though.