The rising costs of Spurs new stadium

[mikeS]

Good article in today’s Guardian.
https://www.theguardian.com/football/20 ... SApp_Other" onclick="window.open(this.href);return false;

With the current sale of Wembley on the table, with Chelsea facing similar costs, the spiralling costs of new build for clubs will take years to repay in loans.

[iluva64]

Not if they sell Kane and Ali....

Didn't Bob Lord do something similar

[Corky]

No he sold Cain and Abel.

[cutsy123]

The equity in their players will pay for most of it

[Chester Perry]

This has been known for quite some time (and talked about regularly on the Magic Money tree thread) seems that Poch has finally understood - Levy has been searching for over 3 years to find a Stadium sponsor that he expected to chuck over £200m at them (strangely not found anyone willing to do so). Also explains the price of the new season tickets.

Chelsea are going through the same pain with their new stadium (which I think will come in around £1.5billion - though that is nothing like the current estimate). Their transfer budget is no longer comparable with the Manchester clubs and even Liverpool are paying greater fees for the right players. no surprise that Chelsea have been tying to persuade some Chinese to stump up at least £500m to have a share

[aggi]

Another interesting aspect is that part of their anticipated revenue for the new stadium was the NFL fixtures. They have a couple scheduled each year but they spent extra to make it easier to switch from one to the other with the hope of getting more games.

If some form of deal (not necessarily a sale) is reached with the FA re: Wembley then that could hurt them as well.

[Funkydrummer]

The architect wants a good coat of looking at, the QS similarly. If the design wasn't correct
and the QS costed the project in accordance with the drawings then the QS is in the clear and
the architect, and to some extent the client, are to blame for the rising costs.

If the design was correct from the start, then the QS wants suing uphill and down dale for his costing techniques. If they didn't
enter into a fixed price contract, or more practically, a penalty contract, then the client and their advisors want shooting.

How on earth the cost of projects like this escalate to these astronomic costs is bordering on criminal.
Of course, if the client keeps changing his (or her) mind over the design, or indeed the quality of finish, then
they need to look at themselves very closely and wonder if they are fit for purpose.

[ChrisG]

The architect wants a good coat of looking at, the QS similarly. If the design wasn't correct
and the QS costed the project in accordance with the drawings then the QS is in the clear and
the architect, and to some extent the client, are to blame for the rising costs.

If the design was correct from the start, then the QS wants suing uphill and down dale for his costing techniques. If they didn't
enter into a fixed price contract, or more practically, a penalty contract, then the client and their advisors want shooting.

How on earth the cost of projects like this escalate to these astronomic costs is bordering on criminal.
Of course, if the client keeps changing his (or her) mind over the design, or indeed the quality of finish, then
they need to look at themselves very closely and wonder if they are fit for purpose.

It's a D&B job, so the design (and ergo usually cost) is not fixed prior to construction commencing, and pricing is tricky, particularly if the client keeps changing the goalposts so to speak. You're pricing as you go along in some respect.

Also quite a bespoke thing to price is a stadium, can't exactly jump onto BCIS and find a comparable, and in current climate steel prices are constantly fluctuating due to a whole range of factors.

[JohnDearyMe]

Interesting that Zaha at Palace is on a higher wage than everyone at Spurs

[ontario claret]

It's the only way that they can keep him.

[JohnDearyMe]

It's the only way that they can keep him.

True. Wonder what it does to team morale when an individual is on such a bigger wage?

[ontario claret]

Maybe we'll find out when we meet Mee's demands.

[Bordeauxclaret]

I thought Spurs were at Wembley next season as well.

[IanMcL]

True. Wonder what it does to team morale when an individual is on such a bigger wage?

Especially a cheat.

[TVC15]

True. Wonder what it does to team morale when an individual is on such a bigger wage?

I`m guessing that they are not that bothered given the results when he plays compared to the results when he does not play. Without Zaha they would all be receiving pay cuts for being relegated....he is by some distance their best player which means it is pretty logical he should be by some distance their biggest earner.

This is the same scenario at many / most clubs - the best players get paid more.

As for Spurs wage structure my guess would be it is not all how it seems...I would be amazed if they could keep the players they do if they were as "poorly" paid as some people suggest.

[aggi]

They do have considerably lower wages than some of the teams but they're only a place or two different from their league position compared to their salaries position.



There is a large gap up to the next level though.

[TVC15]

That's a very interesting graph.
Do you know the most recent wage bills of the 3 promoted clubs ?

I heard Micky Gray on the radio this morning say that Sunderlands wage next season will be £26m which is one hell of a reduction from 2015/2016

[aggi]

The flip side of that is they do have plenty of debt, mainly the new stadium I imagine, which will make investing in new players a challenge

[UpTheClaretsFCBK]

Good article in today’s Guardian.
https://www.theguardian.com/football/20 ... SApp_Other" onclick="window.open(this.href);return false;

With the current sale of Wembley on the table, with Chelsea facing similar costs, the spiralling costs of new build for clubs will take years to repay in loans.

I have a feeling it would cost less than half if it was in the North of England.