marty mcfly
Player Valuation: £40m
So if it's not worth it then why are every other club in our position going ahead with their new stadium plans?Well, I think we can guess as to the effect of a new stadium on future income and most estimates suggest £6m in additional income. I'll be generous and suggest that a new stadium will reduce operating costs, so let's say we're a net £10m a year better off.
How much will a new stadium cost? £200 million at least. My point is that there is little reason to seek that level of investment for that level of increased income, which will not materially affect our on-field performance.
Importantly, albeit they're not disclosing this publicly, the major shareholders hold the same view.
No public subsidy, no new or improved stadium.
The stadium is a huge investment that will only pay off over decades. Shareholders want returns in years. That's the problem. As fans of the club who will still be fans in 20 years we need to keep the pressure on to make sure they make a new stadium a reality.