New Main Stand

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New Main Stand

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silvertop Portishead 20 Apr 24 1.18pm
Originally posted by ASCPFC The difference is the council. I've often thought we should go where we're actually welcomed as an amenity, rather than derided as a problem. Correct, and vastly superior funds. Thus, we had £100m in cash from the Americans but covid, Ukraine and further demands from Croydon knocked the price up to £150m. We had to find that £50m within financial rules. Note, Everton deducted 2 points in a season where their financial woes were at least part caused by the unpredictable rising cost of their new stand. That is why it was only 2 points.
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silvertop

Portishead 20 Apr 24 1.18pm

Originally posted by ASCPFC

The difference is the council. I've often thought we should go where we're actually welcomed as an amenity, rather than derided as a problem.

Correct, and vastly superior funds.

Thus, we had £100m in cash from the Americans but covid, Ukraine and further demands from Croydon knocked the price up to £150m. We had to find that £50m within financial rules.

Note, Everton deducted 2 points in a season where their financial woes were at least part caused by the unpredictable rising cost of their new stand. That is why it was only 2 points.

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ASCPFC Pro-Cathedral/caravan park 20 Apr 24 1.44pm
Originally posted by silvertop Correct, and vastly superior funds. Thus, we had £100m in cash from the Americans but covid, Ukraine and further demands from Croydon knocked the price up to £150m. We had to find that £50m within financial rules. Note, Everton deducted 2 points in a season where their financial woes were at least part caused by the unpredictable rising cost of their new stand. That is why it was only 2 points. Had a look into Liverpool's costs which seems to have been 75 mil. Thinking of their ground, however, it's in what looks like a cheap area. I think Liverpool bought a lot of the housing for next to nothing at some stage. All of which is a problem for us at Selhurst - London prices really. I should look at how much Fulham have spent. That's in a more expensive area than Selhurst so was probably quite a bit. Red and Blue Army!
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ASCPFC

Pro-Cathedral/caravan park 20 Apr 24 1.44pm

Originally posted by silvertop

Correct, and vastly superior funds.

Thus, we had £100m in cash from the Americans but covid, Ukraine and further demands from Croydon knocked the price up to £150m. We had to find that £50m within financial rules.

Note, Everton deducted 2 points in a season where their financial woes were at least part caused by the unpredictable rising cost of their new stand. That is why it was only 2 points.

Had a look into Liverpool's costs which seems to have been 75 mil. Thinking of their ground, however, it's in what looks like a cheap area. I think Liverpool bought a lot of the housing for next to nothing at some stage. All of which is a problem for us at Selhurst - London prices really. I should look at how much Fulham have spent. That's in a more expensive area than Selhurst so was probably quite a bit.

Red and Blue Army!

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joe_cpfc Basingstoke 20 Apr 24 4.13pm
Originally posted by orpingtoneagle Smoke and mirrors and most of that smoke seems to be from some intent of blowing it up the Chairman's backside. This will do nothing to progress the club if it ever happens. I am sure Jordan had similar plans when he got one over on Uncle Ron and purchased the ground. My God, how clueless can someone be?
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joe_cpfc

Basingstoke 20 Apr 24 4.13pm

Originally posted by orpingtoneagle

Smoke and mirrors and most of that smoke seems to be from some intent of blowing it up the Chairman's backside.

This will do nothing to progress the club if it ever happens.

I am sure Jordan had similar plans when he got one over on Uncle Ron and purchased the ground.

My God, how clueless can someone be?

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PalazioVecchio south pole 20 Apr 24 4.46pm
Originally posted by ASCPFC Had a look into Liverpool's costs which seems to have been 75 mil. Thinking of their ground, however, it's in what looks like a cheap area. I think Liverpool bought a lot of the housing for next to nothing at some stage.. a Comet landed on Merseyside. It did a few million quids worth of improvements. Kayla did Anfield & Old Trafford
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PalazioVecchio

south pole 20 Apr 24 4.46pm

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Originally posted by ASCPFC

a Comet landed on Merseyside. It did a few million quids worth of improvements.

Kayla did Anfield & Old Trafford

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eagleman13 On The Road To Hell & Alicante 20 Apr 24 7.28pm
Originally posted by joe_cpfc My God, how clueless can someone be? OMG, how gullible some people can be. This operation, will make the 'Charge Of The Light Brigade' seem like a simple military exercise.
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eagleman13

On The Road To Hell & Alicante 20 Apr 24 7.28pm

Originally posted by joe_cpfc

My God, how clueless can someone be?

OMG, how gullible some people can be.

This operation, will make the 'Charge Of The Light Brigade' seem like a simple military exercise.

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HKOwen Hong Kong 20 Apr 24 11.51pm
If someone can show a projected extra revenue vs cost projection then we can have a more informed view. If the actual hard cost is 150M, how could the stand generate say 15M per year profit for a ten year pay back period. I don't see SE 25 as somewhere that has been crying out for more company away day locations or hotel rooms. IF it produces an additional 8000 seats, say the ST are 800 per year at todays prices, thats 6.4 M gross income , so less than half of the 15 M in the example Perhaps there are tax benefits etc Responsibility Deficit Disorder is a medical condition. Symptoms include inability to be corrected when wrong, false sense of superiority, desire to share personal info no else cares about, general hubris. It's a medical issue rather than pure arrogance.
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HKOwen

Hong Kong 20 Apr 24 11.51pm

If someone can show a projected extra revenue vs cost projection then we can have a more informed view.

If the actual hard cost is 150M, how could the stand generate say 15M per year profit for a ten year pay back period.

I don't see SE 25 as somewhere that has been crying out for more company away day locations or hotel rooms.

IF it produces an additional 8000 seats, say the ST are 800 per year at todays prices, thats 6.4 M gross income , so less than half of the 15 M in the example

Perhaps there are tax benefits etc

Responsibility Deficit Disorder is a medical condition. Symptoms include inability to be corrected when wrong, false sense of superiority, desire to share personal info no else cares about, general hubris. It's a medical issue rather than pure arrogance.

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Dubai Eagle 21 Apr 24 6.55am
HK - I think that there are supposed to be more corporate boxes & improved / additional premium entertainment available - A current corporate box of 10 is about £3000 per game, no doubt that will rise to nearer £4000 to have the opportunity to experience a new box in the new main stand. You can get a VIP ticket to include dinner & drinks in the restaurant at anything between £150 / £300 depending upon who we are playing, if you factor in the kind of new facilities that an upgraded main stand would bring I would imagine that the base price of £150 per person would level off at £200 per person & the upper limit would also go up proportionally. Originally posted by HKOwen If someone can show a projected extra revenue vs cost projection then we can have a more informed view. If the actual hard cost is 150M, how could the stand generate say 15M per year profit for a ten year pay back period. I don't see SE 25 as somewhere that has been crying out for more company away day locations or hotel rooms. IF it produces an additional 8000 seats, say the ST are 800 per year at todays prices, thats 6.4 M gross income , so less than half of the 15 M in the example Perhaps there are tax benefits etc
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Dubai Eagle

21 Apr 24 6.55am

HK - I think that there are supposed to be more corporate boxes & improved / additional premium entertainment available -
A current corporate box of 10 is about £3000 per game, no doubt that will rise to nearer £4000 to have the opportunity to experience a new box in the new main stand.
You can get a VIP ticket to include dinner & drinks in the restaurant at anything between £150 / £300 depending upon who we are playing, if you factor in the kind of new facilities that an upgraded main stand would bring I would imagine that the base price of £150 per person would level off at £200 per person & the upper limit would also go up proportionally.

Originally posted by HKOwen

If someone can show a projected extra revenue vs cost projection then we can have a more informed view.

If the actual hard cost is 150M, how could the stand generate say 15M per year profit for a ten year pay back period.

I don't see SE 25 as somewhere that has been crying out for more company away day locations or hotel rooms.

IF it produces an additional 8000 seats, say the ST are 800 per year at todays prices, thats 6.4 M gross income , so less than half of the 15 M in the example

Perhaps there are tax benefits etc

Alert a moderator to this post

HKOwen Hong Kong 21 Apr 24 7.00am
Originally posted by Dubai Eagle HK - I think that there are supposed to be more corporate boxes & improved / additional premium entertainment available - A current corporate box of 10 is about £3000 per game, no doubt that will rise to nearer £4000 to have the opportunity to experience a new box in the new main stand. You can get a VIP ticket to include dinner & drinks in the restaurant at anything between £150 / £300 depending upon who we are playing, if you factor in the kind of new facilities that an upgraded main stand would bring I would imagine that the base price of £150 per person would level off at £200 per person & the upper limit would also go up proportionally. All well and good, I wonder if anyone competent and not conflicted has done an objective forecast on this project Responsibility Deficit Disorder is a medical condition. Symptoms include inability to be corrected when wrong, false sense of superiority, desire to share personal info no else cares about, general hubris. It's a medical issue rather than pure arrogance.
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HKOwen

Hong Kong 21 Apr 24 7.00am

Originally posted by Dubai Eagle

All well and good, I wonder if anyone competent and not conflicted has done an objective forecast on this project

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Badger11 Beckenham 21 Apr 24 7.10am
Originally posted by HKOwen If someone can show a projected extra revenue vs cost projection then we can have a more informed view. If the actual hard cost is 150M, how could the stand generate say 15M per year profit for a ten year pay back period. I don't see SE 25 as somewhere that has been crying out for more company away day locations or hotel rooms. IF it produces an additional 8000 seats, say the ST are 800 per year at todays prices, thats 6.4 M gross income , so less than half of the 15 M in the example Perhaps there are tax benefits etc I don't think we have much choice, we have to rebuild the stadium and it's going to cost a lot of money. It's the price of doing business. No doubt ticket prices will go up. From the owners perspective I still say the biggest hurdle to new money coming in is the rebuild. We all know how cost estimates rocket, once it is built potential investors will have a much clearer idea of our finances. Edited by Badger11 (21 Apr 2024 7.13am) One more point
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Badger11

Beckenham 21 Apr 24 7.10am

Originally posted by HKOwen

If someone can show a projected extra revenue vs cost projection then we can have a more informed view.

If the actual hard cost is 150M, how could the stand generate say 15M per year profit for a ten year pay back period.

I don't see SE 25 as somewhere that has been crying out for more company away day locations or hotel rooms.

IF it produces an additional 8000 seats, say the ST are 800 per year at todays prices, thats 6.4 M gross income , so less than half of the 15 M in the example

Perhaps there are tax benefits etc

I don't think we have much choice, we have to rebuild the stadium and it's going to cost a lot of money. It's the price of doing business. No doubt ticket prices will go up.

From the owners perspective I still say the biggest hurdle to new money coming in is the rebuild. We all know how cost estimates rocket, once it is built potential investors will have a much clearer idea of our finances.

Edited by Badger11 (21 Apr 2024 7.13am)

One more point

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Dubai Eagle 21 Apr 24 7.11am
I would imagine a few have been done over the years, whether they are competent & unconflicted is another matter - I think the end result will become that in the euphoria of it being built / completed the write down period will become lost over a longer period but providing that we remain in the PL the debt will take care of itself over time by virtue of the product remaining very sellable / there are always people with money that want to watch PL football (if they dont want to watch Palace they will pay to see the opposition) Obviously that mindset becomes a tad vulnerable if the ESL becomes a thing & the most popular teams go off playing in different leagues - but I think it will still be OK based upon the fact that very little is going down in price & soon people will have to pay more to watch non ELS teams. Originally posted by HKOwen All well and good, I wonder if anyone competent and not conflicted has done an objective forecast on this project
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Dubai Eagle

21 Apr 24 7.11am

I would imagine a few have been done over the years, whether they are competent & unconflicted is another matter - I think the end result will become that in the euphoria of it being built / completed the write down period will become lost over a longer period but providing that we remain in the PL the debt will take care of itself over time by virtue of the product remaining very sellable / there are always people with money that want to watch PL football (if they dont want to watch Palace they will pay to see the opposition)

Obviously that mindset becomes a tad vulnerable if the ESL becomes a thing & the most popular teams go off playing in different leagues - but I think it will still be OK based upon the fact that very little is going down in price & soon people will have to pay more to watch non ELS teams.

Originally posted by HKOwen

All well and good, I wonder if anyone competent and not conflicted has done an objective forecast on this project

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akiisalegend Croydon 21 Apr 24 7.18am
Originally posted by ASCPFC Had a look into Liverpool's costs which seems to have been 75 mil. Thinking of their ground, however, it's in what looks like a cheap area. I think Liverpool bought a lot of the housing for next to nothing at some stage. All of which is a problem for us at Selhurst - London prices really. I should look at how much Fulham have spent. That's in a more expensive area than Selhurst so was probably quite a bit. It also didn't happen in 5 mins (I know not literally). There's so much that that has to go on behind the scenes apart from just planning permission (both before and after this) that people don't realise. I saw someone post previously that Fulham has gone quicker than palace that's just frankly ridiculous. The Fulham stand is also very expensive even without bucks going bust Edited by akiisalegend (21 Apr 2024 7.19am) Edited by akiisalegend (21 Apr 2024 7.21am) Edited by akiisalegend (21 Apr 2024 7.21am)
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akiisalegend

Croydon 21 Apr 24 7.18am

Originally posted by ASCPFC

It also didn't happen in 5 mins (I know not literally). There's so much that that has to go on behind the scenes apart from just planning permission (both before and after this) that people don't realise. I saw someone post previously that Fulham has gone quicker than palace that's just frankly ridiculous. The Fulham stand is also very expensive even without bucks going bust

Edited by akiisalegend (21 Apr 2024 7.19am)

Edited by akiisalegend (21 Apr 2024 7.21am)

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silvertop Portishead 21 Apr 24 10.24am
Originally posted by HKOwen If someone can show a projected extra revenue vs cost projection then we can have a more informed view. If the actual hard cost is 150M, how could the stand generate say 15M per year profit for a ten year pay back period. I don't see SE 25 as somewhere that has been crying out for more company away day locations or hotel rooms. IF it produces an additional 8000 seats, say the ST are 800 per year at todays prices, thats 6.4 M gross income , so less than half of the 15 M in the example Perhaps there are tax benefits etc Corporate events, prawn sandwich group packages, football tourism, and STs over £1k. One issue is we are over reliant on TV. This seeks to rebalance the source of revenue. But I agree. At a cost of £100m you can see it, but £150m??
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silvertop

Portishead 21 Apr 24 10.24am

Originally posted by HKOwen

If someone can show a projected extra revenue vs cost projection then we can have a more informed view.

If the actual hard cost is 150M, how could the stand generate say 15M per year profit for a ten year pay back period.

I don't see SE 25 as somewhere that has been crying out for more company away day locations or hotel rooms.

IF it produces an additional 8000 seats, say the ST are 800 per year at todays prices, thats 6.4 M gross income , so less than half of the 15 M in the example

Perhaps there are tax benefits etc

Corporate events, prawn sandwich group packages, football tourism, and STs over £1k.

One issue is we are over reliant on TV. This seeks to rebalance the source of revenue.

But I agree. At a cost of £100m you can see it, but £150m??

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