Stadium Redevelopment

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Stadium Redevelopment

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orpingtoneagle Orpington 11 Feb 21 9.48pm
All utter fantasy. We have no money and cannot afford to build a house let alone a stand. May as well fly a pig over the Arthur.
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orpingtoneagle

Orpington 11 Feb 21 9.48pm

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All utter fantasy.

We have no money and cannot afford to build a house let alone a stand.

May as well fly a pig over the Arthur.

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paul11974 palace 11 Feb 21 11.02pm
Could we loan a new stadium with a deal to buy it in 24 months if we like it
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paul11974

palace 11 Feb 21 11.02pm

Could we loan a new stadium with a deal to buy it in 24 months if we like it

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jeeagles 11 Feb 21 11.19pm
Originally posted by TheBigToePunt Sorry, I did edit my last post to better address this. The six houses must be new ones in every sense - ones that have already been approved, even if not built, will not be eligible. We have to provide six absolute virgin houses in every way! The reason for this is that to meet its government targets the Council has to show how many new houses it has approved through the planning system. If a developer has already got permission for 10 houses somewhere, and we buy six of them to hand to the Council, the total number of approved new houses will remain as it was before. We need to add to the total number of approved new houses by six. There are lots of faults with this system of course, not least that the Council can approve planning applications for thousands of new houses, but that means nothing if developers don't actually build the houses which have been permitted. That happens, for a variety of reasons. But that's another story! Edited by TheBigToePunt (11 Feb 2021 3.50pm) You've shared some good stuff today. Although, the houses is just pointless political medalling. Croydon is well on track to meeting its government target. What would be better, is if the council got the club to do some enabling works so a development could be built somewhere. Land remediation or highway improvements for example that could turn a plot of land from something uneconomical to a site that is attractive to a developer. Or, they could help fund the borough's planning department to push through more developments quicker. As other posters have pointed out to varying degrees, if the club have to provide a completely new dwelling, as some stage they'll need to do a deal with a developer to push it through. If it's economical then there's no reason why a developer wouldn't just proceed themselves. Essentially all that will happen is the club could guarantee funding for a project rather than a bank, but moneys so cheap at the moment there's not much point in finding an additional source of funds. On top of that, its just extra activities that have to be pushed through the planning process and will create additional delay. Delays result in everyone losing.
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jeeagles

11 Feb 21 11.19pm

Originally posted by TheBigToePunt

Sorry, I did edit my last post to better address this. The six houses must be new ones in every sense - ones that have already been approved, even if not built, will not be eligible. We have to provide six absolute virgin houses in every way!

The reason for this is that to meet its government targets the Council has to show how many new houses it has approved through the planning system. If a developer has already got permission for 10 houses somewhere, and we buy six of them to hand to the Council, the total number of approved new houses will remain as it was before. We need to add to the total number of approved new houses by six.

There are lots of faults with this system of course, not least that the Council can approve planning applications for thousands of new houses, but that means nothing if developers don't actually build the houses which have been permitted. That happens, for a variety of reasons.

But that's another story!

Edited by TheBigToePunt (11 Feb 2021 3.50pm)

You've shared some good stuff today.

Although, the houses is just pointless political medalling.

Croydon is well on track to meeting its government target.

What would be better, is if the council got the club to do some enabling works so a development could be built somewhere. Land remediation or highway improvements for example that could turn a plot of land from something uneconomical to a site that is attractive to a developer. Or, they could help fund the borough's planning department to push through more developments quicker.

As other posters have pointed out to varying degrees, if the club have to provide a completely new dwelling, as some stage they'll need to do a deal with a developer to push it through. If it's economical then there's no reason why a developer wouldn't just proceed themselves. Essentially all that will happen is the club could guarantee funding for a project rather than a bank, but moneys so cheap at the moment there's not much point in finding an additional source of funds. On top of that, its just extra activities that have to be pushed through the planning process and will create additional delay. Delays result in everyone losing.

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Eaglecoops CR3 11 Feb 21 11.19pm
Originally posted by orpingtoneagle All utter fantasy. We have no money and cannot afford to build a house let alone a stand. May as well fly a pig over the Arthur. Well, we were promised £50m ring fenced for the stadium by SP so what do you make of that, fact of fiction? Not judging, just saying what we were told.
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Eaglecoops

CR3 11 Feb 21 11.19pm

Originally posted by orpingtoneagle

All utter fantasy.

We have no money and cannot afford to build a house let alone a stand.

May as well fly a pig over the Arthur.

Well, we were promised £50m ring fenced for the stadium by SP so what do you make of that, fact of fiction? Not judging, just saying what we were told.

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SW19 CPFC Addiscombe West 11 Feb 21 11.41pm
Originally posted by orpingtoneagle All utter fantasy. We have no money and cannot afford to build a house let alone a stand. May as well fly a pig over the Arthur. Or an academy. Did you know? 98.0000001% of people are morons.
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SW19 CPFC

Addiscombe West 11 Feb 21 11.41pm

Originally posted by orpingtoneagle

All utter fantasy.

We have no money and cannot afford to build a house let alone a stand.

May as well fly a pig over the Arthur.

Or an academy.

Did you know? 98.0000001% of people are morons.

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aashman12 12 Feb 21 7.57am
Originally posted by Eaglecoops Well, we were promised £50m ring fenced for the stadium by SP so what do you make of that, fact of fiction? Not judging, just saying what we were told. There's 100m ring fenced in a separate company account.
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aashman12

12 Feb 21 7.57am

Originally posted by Eaglecoops

Well, we were promised £50m ring fenced for the stadium by SP so what do you make of that, fact of fiction? Not judging, just saying what we were told.

There's 100m ring fenced in a separate company account.

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orpingtoneagle Orpington 12 Feb 21 9.10am
Originally posted by aashman12 There's 100m ring fenced in a separate company account. We have always been promised many things in relation to our stadium most of which were untrue. (I remember the celebrations when the last chairman was so clever that he purchased the stadium from Uncle Ron.) If we have all this money just sitting there (in an offshore bank account no doubt), why have we seen no sign of any improvements to our ageing temple. (Not just a new stand - so don't just use the blame Sainsbury cop out.) I still wonder if this is all part of a plan to boost the value of the club for sale as a club with PP is worth more than one without.
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orpingtoneagle

Orpington 12 Feb 21 9.10am

Originally posted by aashman12

There's 100m ring fenced in a separate company account.

We have always been promised many things in relation to our stadium most of which were untrue. (I remember the celebrations when the last chairman was so clever that he purchased the stadium from Uncle Ron.)

If we have all this money just sitting there (in an offshore bank account no doubt), why have we seen no sign of any improvements to our ageing temple. (Not just a new stand - so don't just use the blame Sainsbury cop out.)

I still wonder if this is all part of a plan to boost the value of the club for sale as a club with PP is worth more than one without.

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TheBigToePunt 12 Feb 21 9.47am
Originally posted by aashman12 There's 100m ring fenced in a separate company account. Is that something that can be demonstrated? Is it publicly available in some way?
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TheBigToePunt

12 Feb 21 9.47am

Originally posted by aashman12

There's 100m ring fenced in a separate company account.

Is that something that can be demonstrated? Is it publicly available in some way?

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m/k mick milton keynes 07 Mar 21 12.51pm
Fairly certain we are coming up to 100 years at Selhurst, is it too much to ask for the new stand to be built by then
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m/k mick

milton keynes 07 Mar 21 12.51pm

Fairly certain we are coming up to 100 years at Selhurst, is it too much to ask for the new stand to be built by then

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jeeagles 07 Mar 21 1.15pm
Originally posted by TheBigToePunt Is that something that can be demonstrated? Is it publicly available in some way? I doubt its a good idea to tell our own fans how much money is in the business.... let alone rivals and clubs of transfer targets. Based on the businesses they have engaged and all the work done. I'd be confident that this isn't a PR stunt. We've probably spent £2m on consultancy and design already (this is a wild guess).
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jeeagles

07 Mar 21 1.15pm

Originally posted by TheBigToePunt

Is that something that can be demonstrated? Is it publicly available in some way?

I doubt its a good idea to tell our own fans how much money is in the business.... let alone rivals and clubs of transfer targets.

Based on the businesses they have engaged and all the work done. I'd be confident that this isn't a PR stunt. We've probably spent £2m on consultancy and design already (this is a wild guess).

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dreamwaverider London 07 Mar 21 1.54pm
Originally posted by aashman12 There's 100m ring fenced in a separate company account. Yeahhhh right!!!
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dreamwaverider

London 07 Mar 21 1.54pm

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Originally posted by aashman12

There's 100m ring fenced in a separate company account.

Yeahhhh right!!!

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Badger11 Beckenham 07 Mar 21 1.59pm
Originally posted by jeeagles I doubt its a good idea to tell our own fans how much money is in the business.... let alone rivals and clubs of transfer targets. Based on the businesses they have engaged and all the work done. I'd be confident that this isn't a PR stunt. We've probably spent £2m on consultancy and design already (this is a wild guess). i don't think it was however I think Parish has been let down badly by our American owners who were brought on board specifically to invest in the new stadium. They knew this would take years before it would start and when push come to shove they decided they no longer want to own the club. I bet Parish regrets ever agreeing to that. Still it could be worse Burnley's new owners have used the club's own money to buy it immediately saddling the club with huge debts at least the septics haven't done that. Edited by Badger11 (07 Mar 2021 2.00pm) One more point
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Badger11

Beckenham 07 Mar 21 1.59pm

Originally posted by jeeagles

I doubt its a good idea to tell our own fans how much money is in the business.... let alone rivals and clubs of transfer targets.

Based on the businesses they have engaged and all the work done. I'd be confident that this isn't a PR stunt. We've probably spent £2m on consultancy and design already (this is a wild guess).

i don't think it was however I think Parish has been let down badly by our American owners who were brought on board specifically to invest in the new stadium. They knew this would take years before it would start and when push come to shove they decided they no longer want to own the club.

I bet Parish regrets ever agreeing to that. Still it could be worse Burnley's new owners have used the club's own money to buy it immediately saddling the club with huge debts at least the septics haven't done that.

Edited by Badger11 (07 Mar 2021 2.00pm)

One more point

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