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SOL expansion

jam1898 said:
not at all, but this is the first season weve consistently sold out in how many years? The demand is high because its the first time we've been in the big time for about 10 years and the club is playing well. When we were in the PL last time (for 10 years) we were getting about 40k and not selling out
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Times have changed.
Football has changed since then.
Premier League football is a commodity these days,
There will be demand for seats from outside our area, from outside our fan base, from outside our country even.

Maybe the point that is lost on most of the “over cautious’ is that ticket prices will rise quicker if we don’t expand/extend than if we do. Whilst they are happy to tread water, the club is not.
 

Some seem to think the £250 million is a lie so the club can kick the can down the street?

I don't see why they would need to lie about it. If they simply said they won't be extending until it makes business sense then 90% of supporters would think fair enough and accept it.

I'm not sure they need to pull the wool over our eyes by using made up figures.
 
RedandWhiteRebel said:
Some seem to think the £250 million is a lie so the club can kick the can down the street?

I don't see why they would need to lie about it. If they simply said they won't be extending until it makes business sense then 90% of supporters would think fair enough and accept it.

I'm not sure they need to pull the wool over our eyes by using made up figures.
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Your middle paragraph would be the lie.
It makes business sense to do it as soon as possible.
 
Unless ive missed something but where has the £250m come from? Villas is £100m for a demolition & complete rebuild. Ours would be loads cheaper surely.
 
Thornton said:
I've said it earlier in the thread, but it'd be mint if they extended the whole lot, and completely redid the roof. Have it sloping "up" towards the front, rather than "down" like the North and West stands are now. It would make the whole thing look massive.
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It will look pretty damned big from inside... but the SoL will never look big externally because the stadium is an excavation build - much of the capacity is below ground level.
 
42 said:
Unless ive missed something but where has the £250m come from? Villas is £100m for a demolition & complete rebuild. Ours would be loads cheaper surely.
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Is it possible it includes not just the cost of the building work but also the running cost after it is complete?
 
3.142 said:
Is it possible it includes not just the cost of the building work but also the running cost after it is complete?
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The running costs are year after year, so how many years into the future do you go? Plus its offset by the extra income generated which youd expect the income was greater to eventually pay off the capital costs.
 
42 said:
The running costs are year after year, so how many years into the future do you go? Plus its offset by the extra income generated which youd expect the income was greater to eventually pay off the capital costs.
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I understand that. Maybe 5-10 years, maybe 50 years or however long it would last (and discounted back to a current value). Just throwing it out there. No real difference to including wages on top of a transfer fee when thinking about how much a player cost.
 
Wearson said:
Your middle paragraph would be the lie.
It makes business sense to do it as soon as possible.
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If it costs £250m, then does it make business sense?

CAPEX of that size and nature needs to pay for itself over 10 years (maximum) for it to make business sense. Borrowing £250m at 10% annual interest (a good rate for that level of borrowing) and paying it back over 10 years, means a total payment of just over £400m or £40m per year.

The rumours were always that extending the East & South stands would take the capacity from 48k to 66k, so let’s say an extra 18k seats. Would an extra 18k seats bring the club an extra £40m of annual revenue. Let’s say an extra 20 boxes at £500k each, and an extra 1,000 hospitality seats at £1k each. That leaves 17k seats to cover £29m of additional annual revenue, or an average of £1,700 per seat.

It doesn’t feel like it makes business sense to me.

And all of that ignores the fact that our Championship revenue peaked at £44m, so if we were relegated at some point, having to pay back £40m a year would completely cripple, possibly even bankrupt, the club.
 
Wearson said:
Your middle paragraph would be the lie.
It makes business sense to do it as soon as possible.
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The club will know better than anyone on that front though. They will have the data to show exactly how high demand has been for games last season and have a better idea if it can be sustained or increased.

If they are coming out and saying expansion is a constant discussion and floating figures it means they are serious about it.
 
The Hunter said:
It will look pretty damned big from inside... but the SoL will never look big externally because the stadium is an excavation build - much of the capacity is below ground level.
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According to Sir Bob in his book (which I’m loving) that’s what saved them a ton of money on steelwork.
 
at some stage the club will need to stick or gamble... only so far the club can progress with a cap of 46/47k , lot of younger generations will miss out, I don't see say 55k as that much of a gamble , personally, providing they stay in premiership

john hall took some risks and the mags benefitted big time, we have a similar opportunity
 
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Fletch said:
at some stage the club will need to stick or gamble... only so far the club can progress with a cap of 46/47k , lot of younger generations will miss out, I don't see say 55k as that much of a gamble , personally, providing they stay in premiership

john hall took some risks and the mags benefitted big time, we have a similar opportunity
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Teams have won premier leagues and european cups on similar attendances. Attendance figures have nowt to do with how successful we'll be really.
 
Thornton said:
I've said it earlier in the thread, but it'd be mint if they extended the whole lot, and completely redid the roof. Have it sloping "up" towards the front, rather than "down" like the North and West stands are now. It would make the whole thing look massive.
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That would wreck the atmosphere generated inside the place.
Wearson said:
Your middle paragraph would be the lie.
It makes business sense to do it as soon as possible.
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Why haven't they already announced it then?
 
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