New Everton Stadium - Hill Dickinson Stadium

[AndyRJ]

Birmingham build a 60k stadium, for what ?

They can’t sell out 30k St Andrews so why and if they do get to the prem how are they going to do it with the state of PSR now ?

Newcastle are going to find out how hard it’s going to be building a new ground in the current climate and PSR constraints.

We are honestly lucky we did it when we did and not start now otherwise we would have gone under.

Newcastle's owners will just pump loads of money in at no cost to the club. There is no limit on infrastructure spend. That's how City have regenerated Eastlands and continue to expand the Eithad, it gives them a mechanism to spend huge sums on the club without falling foul of PSR. This ultimately helps increase their revenue which in turns allows them to spend more money on player recruitment.

We on the other hand, had to rely on what was essentially bridging finance which had huge ongoing costs. We also lost a load of revenue overnight due to cutting ties with Usmanov, along with the future stadium sponsorship which would have helped fund the build.

 

[AndyRJ]

Not everything and not consistently. Until a month ago we were still litigating part of that.

It's the financing costs, specifically the interest, that we had problems with.

It doesn't stop an owner from injecting huge sums of money into a club and then spending it on infrastructure. They can't treat it as a loan because that is now interest bearing which counts towards PSR, but they can issue more shares and do it that way.

 

[Goat]

I thought our issue was using Stadium Loans to cover the loses the business was making, when your wage bill is 95% of your income and you lose a massive chunk of revenue due to the war in Ukraine, you are in serious trouble, which we were.

Our 3 year loses over the period we fell foul were around 380m, the limit is 105m, but I think in the end we were only short of a few million, due to being morons with loans and a disgusting wage bill.

 

[James Patrick]

I thought our issue was using Stadium Loans to cover the loses the business was making, when your wage bill is 95% of your income and you lose a massive chunk of revenue due to the war in Ukraine, you are in serious trouble, which we were.

Our 3 year loses over the period we fell foul were around 380m, the limit is 105m, but I think in the end we were only short of a few million, due to being morons with loans and a disgusting wage bill.

There was no "stadium loan" which was a major flaw in our debt structuring.

 

[AndyRJ]

I thought our issue was using Stadium Loans to cover the loses the business was making, when your wage bill is 95% of your income and you lose a massive chunk of revenue due to the war in Ukraine, you are in serious trouble, which we were.

Our 3 year loses over the period we fell foul were around 380m, the limit is 105m, but I think in the end we were only short of a few million, due to being morons with loans and a disgusting wage bill.

My (basic) understanding of the main issues for us were:

1. We lost a load of revenue overnight due to cutting ties with Usmanov. This coupled with our high wage bill left us in a difficult position.
2. We lost the future USM sponsorship which would have paid for a significant portion of the build.
3. We had financing e.g. the R&M loans that we were trying to claim the interest back against PSR as being for the stadium but the reality was it wasn't. This was essentially expensive bridging finance costing us around £1m a week to service.
4. We spent a load of money on the stadium that couldn't be offset against PSR as 'infrastructure' spend due to some stupid rule about planning i.e. we couldn't class it as being for infrastructure until we had planning consent and that impacted on our PSR position for a certain period.

 

[maccavennie]

My (basic) understanding of the main issues for us were:

1. We lost a load of revenue overnight due to cutting ties with Usmanov. This coupled with our high wage bill left us in a difficult position.
2. We lost the future USM sponsorship which would have paid for a significant portion of the build.
3. We had financing e.g. the R&M loans that we were trying to claim the interest back against PSR as being for the stadium but the reality was it wasn't. This was essentially expensive bridging finance costing us around £1m a week to service.
4. We spent a load of money on the stadium that couldn't be offset against PSR as 'infrastructure' spend due to some stupid rule about planning i.e. we couldn't class it as being for infrastructure until we had planning consent and that impacted on our PSR position for a certain period.

The main thing which cost us the most money was the pitch didn't fit and every night for 3 years they've had to rebuild the whole stadium. They fix it every night so that no one else knew the mistake they made.

 

[wearethefamousefc]

0

Asked that some weeks ago and that was the main reason I didn't go in there. Seems odd to me why you couldn't wander round and have a bevvy in another bar and then go to Club View . Maybe it's an entirely seperate entrance ?

They're giving the ex players who come and watch us tickets in club view, so it'll be a bit of a VIP vibe when you're spending your £10 voucher rubbing shoulders with the likes of Francis Jeffers and Stuart Barlow

 

[Bedfordblue]

Newcastle's owners will just pump loads of money in at no cost to the club. There is no limit on infrastructure spend. That's how City have regenerated Eastlands and continue to expand the Eithad, it gives them a mechanism to spend huge sums on the club without falling foul of PSR. This ultimately helps increase their revenue which in turns allows them to spend more money on player recruitment.

We on the other hand, had to rely on what was essentially bridging finance which had huge ongoing costs. We also lost a load of revenue overnight due to cutting ties with Usmanov, along with the future stadium sponsorship which would have helped fund the build.

They haven’t done yet despite, as you quite rightly say, there’s nothing stopping them. 4 years in Oct, it not like the Middle East doesn’t have construction design skills to move quickly if they so wished.
I remain unconvinced their commitment is equal to Abu Dhabi’s at City.

 

[The binman chronicles]

 

[The binman chronicles]

This lad is showing all the blocks so people can see the available seats.

 

[AndyRJ]

They haven’t done yet despite, as you quite rightly say, there’s nothing stopping them. 4 years in Oct, it not like the Middle East doesn’t have construction design skills to move quickly if they so wished.
I remain unconvinced their commitment is equal to Abu Dhabi’s at City.

They've recently pumped money via an equity release. They bought a single share for around £35m late last year and have injected further money last month using the same process.

They will spend big on their new stadium and on infrastructure around that and a new training ground etc. What they can't do is inject that money to spend on players.

I suspect there is a bit of hesitancy on their side with the City case still going through the mill and them re-contesting the related party sponsorship issue.

Fully expect Newcastle to announce details of a £100m matchday cultery sponsorship if City are cleared of all charges.

 

[AndyRJ]

The main thing which cost us the most money was the pitch didn't fit and every night for 3 years they've had to rebuild the whole stadium. They fix it every night so that no one else knew the mistake they made.

They didn't fix those massive walls though with the obstructed view

 

[Super Kevin sheedy]

Is there access to the other 3 sides of the ground if you’re in the South Stand

 

[Jacko93]

Is there access to the other 3 sides of the ground if you’re in the South Stand

Yes mate. You can go from the South West to North West Via the East stand on Level 0 and Level 1. You can't access the family stand from anywhere but the family stand.

 

[Super Kevin sheedy]

Yes mate. You can go from the South West to North West Via the East stand on Level 0 and Level 1. You can't access the family stand from anywhere but the family stand.

Thanks Jacko