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Stadium Redevelopments

  • Thread starter Thread starter ADL9798
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kangaspurs said:
Wouldn't be surprised to see us play our first 5-10 games of next season away from home. I know they were budgeting for the first 2 or 3 away but I think it might be more than that.

I wouldn't mind that if it means we dont have to play another season at Wembley.
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Yeah surely if it runs late it's only 2-3 months late. The planned finish is June/July so if it finishes in late August to early October you'd think we'd go to the league and ask for fixturing changes like Liverpool did when the new stand was built there
 
Doctor Gero said:
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Crunch time. Roof has to be on in about 4-5 weeks.
'Kop' stand taking shape though.
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This will sound like a stupid question but how the **** do they now remove the cranes from the pitch location?
 

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NFL has announced the raiders vs seahawks game on October 14 or 15 will be at the new white hart lane.

Stadium will be at the very latest be ready end of September or early October if that's the case. No more Wembley!
 
elhadjihenry said:
I love the fact that Liverpool supporters taxes will be paying for Everton's stadium :D
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I love it also, the Mayor has confirmed that the council will fund a new train station / transport hub at Anfield enabling us to expand beyond 61k!
 
Jatz said:
Outstanding. Now that's something I'd enjoy watching.
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Don’t worry there will be people that’ll actually watch that. I think they have 6 cameras set up with 24 hour streaming. There’s a dedicated group on SkyScraperCity that I swear watch it all day long. Over analyse every little development or delivery :$
 
jd2010 said:
NFL has announced the raiders vs seahawks game on October 14 or 15 will be at the new white hart lane.

Stadium will be at the very latest be ready end of September or early October if that's the case. No more Wembley!
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Scheduled on an international break.
 

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Jatz said:
This will sound like a stupid question but how the **** do they now remove the cranes from the pitch location?
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http://www.thstofficial.com/thst-news/report-of-thst-meeting-with-the-spurs-board-20-february-2018


3. New stadium build and infrastructure
3.1 PH asked whether the stadium build was on schedule, noting that the roof was a little later than anticipated.
DL explained that the compression ring had been completed last weekend and the roof lift was scheduled to be completed in the next fortnight. Bad weather and high winds had caused the minor delay.
DL said the build was incredibly complex and it was impossible to give an exact date as to when the stadium would be completed. However, everyone is working towards being in the new stadium next season and would be extremely disappointed were this not the case.
Once the roof has been completed, there’s still a significant amount of technical work to do.

3.2 PH asked for contingency plans for any over run.
DL said that although a contingency plan was in place everyone was 100% focused on achieving the budgeted timescale. Certainly no talks had been held with Wembley over extending their residency and that there was no intention of activating any extension clause unless it was absolutely necessary.
DL stated he was confident, as far as was possible, that they would hit the build deadline.
Season ticket sales would open in the next few weeks.
DL thought it was likely they would request to play the first few matches of the 2018-19 season away from home. This had always been the case.

3.3 DL confirmed there was no possibility of opening the stadium at a reduced capacity.
SF reassured that any rumours to the contrary on social media had been clarified and corrected.

3.4 PH asked for an update on the progress of ancillary projects and infrastructure, including transport.
DL explained that the construction of the Paxton Buildings had started, where the ticket office would be located.
Work on the Northern Terrace was also in progress, including the highly impressively renovated Percy House – the new home of the Foundation

3.5 As regards transport, DMC commented that the improvement works at Northumberland Park station were all on track, as was Tottenham Hale. The White Hart Lane refurbishment would take until Spring 2019 to complete but would be functional for the start of next season.
Tottenham Hale is actually closer to the ground than Seven Sisters and DMC asked for THST’s assistance in communicating walking routes later in the summer spread across all stations. ACTION: DMC / THST to communicate transport options for new ground

3.6 There are plans for an NFL fan zone. More details to follow on this in due course

3.7 The new stadium will be a public transport destination.
JW outlined the plans for various Park and Ride schemes.
Shuttle buses would run and a national coach route into the stadium is also being explored.
Abellio Greater Anglia are in talks regarding a Park and Ride scheme from Cheshunt, Broxbourne, Harlow and other stations with large car parks.
For the keen cyclists, the High Road is on the CS1 and plenty of bike racks will be made available

3.8 PH asked about planned test events at the new stadium.
DMC said the Club would appreciate help in getting numbers at these as yet undetermined events.
THST would be happy to help. ACTION: DMC to advice THST on test events

3.9 As regards renaming White Hart Lane station, DMC confirmed that the Club was in discussions with TFL, and that the actual station would be moved off White Hart Lane.
KL/ MC would like a heads up when this reaches the public consultation stage. ACTION: As per point 1.2

3.10 PH asked about plans for a grand opening. It was too early to share at this point

3.11 KL requested that JB pick up on the more technical questions regarding floodlighting and pitch watering etc. in the members’ question pack, collated by THST, after the meeting. ACTION: JB to respond to more technical questions in members’ pack

3.12 MG asked whether the stadium build cost had increased since our last meeting.
DL said he’d never put an exact figure on the stadium cost but it had risen for a variety of reasons. There are 2100 workers on site 24 hours a day, 7 days a week.

3.13 MG asked whether, if overall project costs were increasing, this would mean an increase in debt from the £400m facility signed with three banks. What was the refinancing strategy for the current bullet (i.e. interest only) loan?
DL stressed the stadium was fully financed. The Club was very prudently run.
DL felt that additional debt might be raised beyond the current £400m loan.
DL explained that obtaining long term project finance debt on a project of this size would have been difficult and certainly more costly.
DL expected to refinance the debt within 12 months and confirmed the Club had received a number of proposals which the club was considering.

3.14 MG asked whether the NFL opened up the US market in terms of potential sources of finance e.g. public debt markets. DL said that assisted by their advisers, Rothschilds, the club was considering all available options.
The new stadium company (Tottenham Hotspur Stadium Limited) is part of the debt financing arrangements. The rest of the corporate structure of THFC remains the same.

3.15 MG asked about the NFL arrangements. Only 1 had been confirmed for this season. Had the incremental cost of equipping for the NFL been covered from the contracted games and the NFL deal?
DL explained that the NFL contract was a minimum of 20 games over a 10 year period and it was normal practice to start with 1 match in a new venue and make up the other over the following seasons.
DL said the CapEx for the NFL was difficult to carve out separately. The NFL pitch would be also be used by THFC for other events so splitting the capital cost over the life of the asset is not straightforward. DL was confident that the additional investment would provide a positive return. There was also an intangible value in the exposure THFC had in the USA which was not easy to quantify within a P&L

3.16 In terms of the contract with the NFL, SB explained that the NFL owned all of the seats in the stadium for their events. They are effectively tenants.
The NFL take over ticketing and economics of all the seats in the ground.
THFC provides the catering operation for the NFL and may provide the merchandise operation.
The sponsorship inventory belongs to the NFL, not THFC.
While all hospitality areas are theirs, THFC will act as their agents as best placed to sell stadium inventory

3.17 SB then explained more about the catering operation in the new stadium.
THFC is in a Joint Venture with Compass/ Levy Restaurants (no relation) whereby THFC controls the delivery and management of match day catering.
SB says THFC wants to be responsible for the experience fans have inside their stadium, hence retaining control of the process.
All of the kitchens have been financed by THFC. All of the equipment is owned by THFC.
This is unique within the UK – it is an innovative approach.
For the NFL, the delivery of the product will be the same but the NFL is the third party.
RM is THST’s catering lead, who has an ongoing relationship with Levy Restaurants. RM explained the dialogue so far, the feedback from fans, the eagerness to support local businesses and suppliers.
DMC said the Club was also looking at innovative approaches to recycling, food waste and single use plastics. This would all be communicated in due course. ACTION: DMC to update on recycling/ food waste etc. and include RM in comms plan

3.18 In a multi-purpose venue, maintaining the heritage and identity of THFC was important to many fans. MC asked for plans as to how this would be preserved.
DMC confirmed the Club had no plans to name stands after players or managers. They would be remembered through living and breathing history in the new stadium. But there would be badging and identity of the stadium to make it our home.
DMC understood the importance of articulating this fully to fans in due course.
There was much excitement around the museum and the Tottenham Experience, also.
DMC referenced the story on the Club site earlier that day regarding external tiling reflecting heritage. This can be read here. ACTION: DMC to communicate heritage and history plans

3.19 MG asked for an update on naming rights. Many had been expecting an announcement now the stadium was progressing.
DL explained that the stadium financing was not conditional on selling naming rights. THFC are in discussions but they will only contract when they are satisfied with the price, the tenure and the counterparty.
DMC assured that the number required for commercials was in the business plan and the stadium financing meant it was not an essential for the stadium to open
Until such a time that a partner is found, the stadium will be referred to as Tottenham Hotspur Stadium.

4. Finances and wages
4.1 MG asked when the latest set of THFC accounts were due for release.
DL confirmed the end of March, as usual.

4.2 KS noted the anticipated rise in gate receipts from the Champions League matches at Wembley, placement money in the Premier League, the new broadcast deal etc. Did this provide more leeway for wages? Did THFC allow roughly 50% of income on players?
DL clarified that the Club didn’t operate on a fixed ratio but it was roughly that amount.

4.3 DL noted the perception that Spurs needed to spend money on players. This wasn’t borne out of fact. There are no guarantees. Big money signings are not always successful. MC made the point that that this was more widely recognised by fans and in the media.
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Bolded the important parts. Wonder how many away games we'll ask for to start.
 

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Bradesmaen said:
Roof line is shite. Would hate to sit right up the back, can't see big screen across, have to crane the neck around to see it.
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So just like Docklands
You'll never have to worry anyway. Away section is bottom level anyway under the rules iirc.
 
Doctor Gero said:
So just like Docklands
You'll never have to worry anyway. Away section is bottom level anyway under the rules iirc.
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You think I'd go to an Everton game against Spurs at the moment? ;)

Depends if I go with my mate again. Emirates is as bad too.
 

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