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April 18 2019 11.15pm

Stadium plans

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View HKOwen's Profile HKOwen Flag Hong Kong 13 Apr 19 12.21pm Send a Private Message to HKOwen Add HKOwen as a friend

This post has been merged from a topic called 'CPFC on MOTD Preview and " new stand "' by bexleydave

Nice piece with Jimmy Mac and Luka.

Then on to the SP interview.

Now, we all know that CPFC 2010 saved the club etc but am concentrating on the proposed new stand.

Supposing it ever goes ahead, cheapest build cost I have seen quoted is 75 million for 7000 extra seats probably excluding corporate boxes.

Suppose average cost of ST when it opens is 800 quid so 25% up on now more or less.

If all ST sold then gross annual income from that is 5.6 million, other sources of revenue over 19 PL games and possibly 6/7 cup games, other sales and facility renting might bring that to 10 million before any expenses or running costs.

That might create a scenario of a 10 year period to recoup construction cost.

SP said that all clubs have similar TV revenue therefore other sources of income, i.e ticket sales and others are very important.

For PL TV revenue this is not correct , last year Man City had some 40-45 million more PL TV revenue than Palace.

I am basically concerned this is a vanity project which could put the club into financial hardship again unless we have some deep pockets buyer come in.

My assumptions could be rubbish, I am not in the know other than public domain stuff but coming off a 35 million loss year I can't see how we can fund the build and in any event may need to sell a gem or two to standstill.

Happy for someone with better info and understanding to point out I am wrong.

Now back to hoping BHA lose today and Cardiff win

 


Let's see SP and the board trying to line up for a piss in the AW toilets at half time before peddling the new stand. We're the Arthur over here and the facilities are a disgrace

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View Hrolf The Ganger's Profile Hrolf The Ganger Flag 13 Apr 19 12.42pm Send a Private Message to Hrolf The Ganger Add Hrolf The Ganger as a friend

This post has been merged from a topic called 'CPFC on MOTD Preview and " new stand "' by bexleydave

Originally posted by HKOwen

Nice piece with Jimmy Mac and Luka.

Then on to the SP interview.

Now, we all know that CPFC 2010 saved the club etc but am concentrating on the proposed new stand.

Supposing it ever goes ahead, cheapest build cost I have seen quoted is 75 million for 7000 extra seats probably excluding corporate boxes.

Suppose average cost of ST when it opens is 800 quid so 25% up on now more or less.

If all ST sold then gross annual income from that is 5.6 million, other sources of revenue over 19 PL games and possibly 6/7 cup games, other sales and facility renting might bring that to 10 million before any expenses or running costs.

That might create a scenario of a 10 year period to recoup construction cost.

SP said that all clubs have similar TV revenue therefore other sources of income, i.e ticket sales and others are very important.

For PL TV revenue this is not correct , last year Man City had some 40-45 million more PL TV revenue than Palace.

I am basically concerned this is a vanity project which could put the club into financial hardship again unless we have some deep pockets buyer come in.

My assumptions could be rubbish, I am not in the know other than public domain stuff but coming off a 35 million loss year I can't see how we can fund the build and in any event may need to sell a gem or two to standstill.

Happy for someone with better info and understanding to point out I am wrong.

Now back to hoping BHA lose today and Cardiff win

Vanity project, seriously?

Selhurst Park is a rundown embarrassment. Three sides of the ground have to be redeveloped. This should just be the start.

It's like some fans want us to remain in the 1950s while everyone else moves on.

 

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View HKOwen's Profile HKOwen Flag Hong Kong 13 Apr 19 1.16pm Send a Private Message to HKOwen Add HKOwen as a friend

This post has been merged from a topic called 'CPFC on MOTD Preview and " new stand "' by bexleydave

I use vanity project in the context of it being potentially financially not viable as we stand but there is a lovely architectural model sitting in an office like the Ring of Mordor.

I don't want the 50's but would prefer we bring some of the existing facilities like the AW up to standard first.

 


Let's see SP and the board trying to line up for a piss in the AW toilets at half time before peddling the new stand. We're the Arthur over here and the facilities are a disgrace

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View rollercoaster's Profile rollercoaster Flag Cornwall 13 Apr 19 1.28pm Send a Private Message to rollercoaster Add rollercoaster as a friend

This post has been merged from a topic called 'CPFC on MOTD Preview and " new stand "' by bexleydave

A few years back didn't we hear that the main stand had reached end-of-life and wasn't there talk that it might be condemned. So financial justification might need to include the whole stand not just the extra 7,000 seats and the extra corporate revenue.

But very good question, I hope one of he financial wizards on here can provide some answers.

 

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View Badger11's Profile Badger11 Flag Beckenham 13 Apr 19 1.33pm Send a Private Message to Badger11 Add Badger11 as a friend

This post has been merged from a topic called 'CPFC on MOTD Preview and " new stand "' by bexleydave

Originally posted by rollercoaster

A few years back didn't we hear that the main stand had reached end-of-life and wasn't there talk that it might be condemned. So financial justification might need to include the whole stand not just the extra 7,000 seats and the extra corporate revenue.

But very good question, I hope one of he financial wizards on here can provide some answers.

That rings a bell.

I think this is the real driver sooner or later a wooden stand will be outlawed so we have no choice but to redevelop and once you start down that road you might as well look at the whole ground.

 


One more point

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View JohnB's Profile JohnB Flag 13 Apr 19 3.28pm Send a Private Message to JohnB Add JohnB as a friend

Originally posted by HKOwen

Nice piece with Jimmy Mac and Luka.

Then on to the SP interview.

Now, we all know that CPFC 2010 saved the club etc but am concentrating on the proposed new stand.

Supposing it ever goes ahead, cheapest build cost I have seen quoted is 75 million for 7000 extra seats probably excluding corporate boxes.

Suppose average cost of ST when it opens is 800 quid so 25% up on now more or less.

If all ST sold then gross annual income from that is 5.6 million, other sources of revenue over 19 PL games and possibly 6/7 cup games, other sales and facility renting might bring that to 10 million before any expenses or running costs.

That might create a scenario of a 10 year period to recoup construction cost.

SP said that all clubs have similar TV revenue therefore other sources of income, i.e ticket sales and others are very important.

For PL TV revenue this is not correct , last year Man City had some 40-45 million more PL TV revenue than Palace.

I am basically concerned this is a vanity project which could put the club into financial hardship again unless we have some deep pockets buyer come in.

My assumptions could be rubbish, I am not in the know other than public domain stuff but coming off a 35 million loss year I can't see how we can fund the build and in any event may need to sell a gem or two to standstill.

Happy for someone with better info and understanding to point out I am wrong.

Now back to hoping BHA lose today and Cardiff win

I met with Chelsea last year before Abramovich got all the grief with his visa and the stadium plan was still on.

They were rebuilding the stadium and the capacity increase was 80% corporate hospitality seats.

The key to the main stand isn't that it will give us more seats for the regular punter but it is all about corporate hospitality and the funds that can bring and that won't just be on a match day. If the corporate areas are improved then the suites will be used on a daily basis for companies to hold events there which is were the club really benefits.

The company I work for has held plenty of events at places like West Ham, Spurs etc. where we will invite clients and then finish the day with a tour round the changing rooms, walk on the pitch etc.

When I went to Chelsea, the work they wanted us to do they wanted us to commit to giving them multi-millions pounds over 7 years and in return they would do the work with us, pay anything that cost over that amount we had to commit to and also give us 'sponsorship' days where we could play a training game against a mix of first team and reserves, have their players come to events for meet and greets etc.

I would be surprised if Palace don't offset much of the cost of building the new stand against things like this.

What we did for West Ham was paid for mainly through a mix of sponsorship, boxes, events and a small amount was paid for in cash.

As a side note, the box Abramovich sits in at Chelsea was probably worth more than my house and was bigger than my first flat!

 

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View .TUX.'s Profile .TUX. Flag 13 Apr 19 9.34pm Send a Private Message to .TUX. Add .TUX. as a friend

Originally posted by Hrolf The Ganger

Vanity project, seriously?

Selhurst Park is a rundown embarrassment. Three sides of the ground have to be redeveloped. This should just be the start.

It's like some fans want us to remain in the 1950s while everyone else moves on.

This.
Other than the Holmesdale Stand, nothing has changed that much since my first visit as a youngster in the 70's (in reality).
The various councils this side of the river should be doing more to help the largest club this side of the river to compete (hopefully) with those North.................but they're not?

Until this changes we'll forever be two-bob.
Sadly.


 


Buy Litecoin.

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View TheBigToePunt's Profile TheBigToePunt Flag 14 Apr 19 11.04am Send a Private Message to TheBigToePunt Add TheBigToePunt as a friend

Parish has said on a number of occasions that Croydon Council have been great for Palace regarding the new stand. They've granted a major planning permission for the new stand very quickly, and the terms of the permission are entirely reasonable.

Also consider that back when the club didn't own selhurst park, the council designated the pitch as an open space, and the stadium as a special employment facility, thereby doing what they could to create significant obstacles to the place being sold off for redevelopment. No small thing when you consider the pressure the government places on councils to allow applications for new housing, and whilst Noades himself probably wouldn't have kicked us out and fattened the place, whoever would have inherited it from him might have felt very differently.

We forget too easily what a mess Palace was not too long ago, and we could very easily have ended up in a Coventry City situation The council showed they were very much on our side back then, and have supported us this time around too.

I'm not sure what people mean when they identify the council as a problem?

 

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View the.universal's Profile the.universal 14 Apr 19 11.23am Send a Private Message to the.universal Add the.universal as a friend

Originally posted by HKOwen

Nice piece with Jimmy Mac and Luka.

Then on to the SP interview.

Now, we all know that CPFC 2010 saved the club etc but am concentrating on the proposed new stand.

Supposing it ever goes ahead, cheapest build cost I have seen quoted is 75 million for 7000 extra seats probably excluding corporate boxes.

Suppose average cost of ST when it opens is 800 quid so 25% up on now more or less.

If all ST sold then gross annual income from that is 5.6 million, other sources of revenue over 19 PL games and possibly 6/7 cup games, other sales and facility renting might bring that to 10 million before any expenses or running costs.

That might create a scenario of a 10 year period to recoup construction cost.

SP said that all clubs have similar TV revenue therefore other sources of income, i.e ticket sales and others are very important.

For PL TV revenue this is not correct , last year Man City had some 40-45 million more PL TV revenue than Palace.

I am basically concerned this is a vanity project which could put the club into financial hardship again unless we have some deep pockets buyer come in.

My assumptions could be rubbish, I am not in the know other than public domain stuff but coming off a 35 million loss year I can't see how we can fund the build and in any event may need to sell a gem or two to standstill.

Happy for someone with better info and understanding to point out I am wrong.

Now back to hoping BHA lose today and Cardiff win

A 10 year payback on a project that big would be pretty awesome. So I wouldn’t worry about it.

 


Vive le Roy!

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View m/k mick's Profile m/k mick Flag milton keynes 14 Apr 19 11.41am Send a Private Message to m/k mick Add m/k mick as a friend

Re HK Figures for new stand, as far as i know the new stand increases crowd by just over 8000, HK said 7000, also average price of £800, the seats will mainly be premium seats, i am in the Main Stand, season ticket is just shy of £2000, plus matchday seats for catergory A games are £300 each inc vat, for every game, and they sell out, i fully expect some seats will be a minimum of £800 but the average will be over double that figure, i fully expect my seat to be £2500 to £3000, but we do get a meal, bit different to the 2 shillings and sixpence i paid as a kid in the 50s and 60s

 

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Yellow Card - User has been warned of conduct on the messageboards View Eaglecoops's Profile Eaglecoops Flag CR3 14 Apr 19 1.57pm Send a Private Message to Eaglecoops Add Eaglecoops as a friend

Originally posted by m/k mick

Re HK Figures for new stand, as far as i know the new stand increases crowd by just over 8000, HK said 7000, also average price of £800, the seats will mainly be premium seats, i am in the Main Stand, season ticket is just shy of £2000, plus matchday seats for catergory A games are £300 each inc vat, for every game, and they sell out, i fully expect some seats will be a minimum of £800 but the average will be over double that figure, i fully expect my seat to be £2500 to £3000, but we do get a meal, bit different to the 2 shillings and sixpence i paid as a kid in the 50s and 60s

Yep, Speronis is £4K plus vat per season or thereabouts and is always full. Spoke to the corporate manager at The Man Utd game and he said he could have sold the tickets 3 times over. The income predicted is way below what I would anticipate given the demand nowadays.

 

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View jeeagles's Profile jeeagles Flag 14 Apr 19 6.23pm Send a Private Message to jeeagles Add jeeagles as a friend

Originally posted by Eaglecoops

Yep, Speronis is £4K plus vat per season or thereabouts and is always full. Spoke to the corporate manager at The Man Utd game and he said he could have sold the tickets 3 times over. The income predicted is way below what I would anticipate given the demand nowadays.

This is getting the debate back on track. Constructing a new stand isn't necessarily about recouping the money ASAP. The value of the club as a whole will go up as the assets will be worth more.

The constructions costs don't count towards FFP.
The revenue will largely come from corporate sales not average season tickets.
Increased sales will allow a greater wage budget.

 

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