Spurs’ new stadium

[Vicmeldrew666]

I reckon that IF the major betting sites were offering only odds-on after season end in 2019 then it may help to focus the problem.
Personally I reckon they put Harry Kane in charge and he is working on ball-net things this season.

 

[JimB]

But we will be after the next game, so it was quite a petty remark in the circumstances. We are only 31.5789% into the season, but, hey, what's a percentage point or two between friends?
;-)

Not sure that I get your point?? Or was the "petty" remark a joke at your own expense?!!

If not, just to clarify, my point was that it's more than a little premature to assert that someone has "nailed it" when claiming that Spurs won't play in the new stadium this season. Surely he will only have "nailed it" if and when it is officially confirmed that Spurs won't play there this season?

 

[crazyg]

Not sure that I get your point?? Or was the "petty" remark a joke at your own expense?!!

If not, just to clarify, my point was that it's more than a little premature to assert that someone has "nailed it" when claiming that Spurs won't play in the new stadium this season. Surely he will only have "nailed it" if and when it is officially confirmed that Spurs won't play there this season?

Certainly not at my expense, and certainly not a joke, although I did try to play it down a little by putting on a smiley.
I was replying to to your remark that "We aren't even a third of the way into the season yet!", by pointing out that you will be MORE than a third of the way after the next match.
Your comment appeared to me to be rather petty, considering that almost a third of the season has gone by, and we're still no nearer finding out when this fiasco will be over. It's all right apportioning blame on who is responsible (ie everyone but us), but at the end of the day it falls on the club, and Mr Burns/Levy in particular, for setting unrealistic targets for completion.
As most posters on here with greater knowledge than I have of the Construction industry have said, there are almost always delays in major projects.
Unsurprisingly, the messages coming from the club you support have been, in my opinion, not wholly truthful on when the ground will be ready, and still refuse to give a definite date for when the first paying customers will be going through the turnstiles.

I wonder why that is?

 

[Mallorca Blue]

I wonder why that is?

Because they basically have NFI.
The costs of this project must be going through the roof.
I'm wondering now if they simply don't have the finances to get the job done quickly

 

[JPBB]

Because they basically have NFI.
The costs of this project must be going through the roof.
I'm wondering now if they simply don't have the finances to get the job done quickly

Absolutely right.

Spurs don't have the finances of City, United, Liverpool, Chelsea and Arsenal. So what they have achieved is absolutely remarkable.

They have built a stadium as good or better than any in the world.

They have managed to stay within a few points of the best sides and remain competitive without spending big on transfers and salaries

Yes, they have been delays. Yes, they have been mistakes by all involved. Yes, the media could have been handled better.

So what?

Spurs deserve credit for what they have achieved. The sniping and moaning about it on here seems churlish. Spurs are miles away from being able to compete with City on the pitch or financially. And it is unlikely they will in the foreseeable future. Give credit where it is due and stop worrying about little ol' Spurs.

 

[mat]

The cock has been erected

Looks fuck all like Levy...

 

[Machiavelli]

Absolutely right.

Spurs don't have the finances of City, United, Liverpool, Chelsea and Arsenal. So what they have achieved is absolutely remarkable.

They have built a stadium as good or better than any in the world.

They have managed to stay within a few points of the best sides and remain competitive without spending big on transfers and salaries

Yes, they have been delays. Yes, they have been mistakes by all involved. Yes, the media could have been handled better.

So what?

Spurs deserve credit for what they have achieved. The sniping and moaning about it on here seems churlish. Spurs are miles away from being able to compete with City on the pitch or financially. And it is unlikely they will in the foreseeable future. Give credit where it is due and stop worrying about little ol' Spurs.

Why? Your owners are worth billions!

 

[JimB]

Certainly not at my expense, and certainly not a joke, although I did try to play it down a little by putting on a smiley.
I was replying to to your remark that "We aren't even a third of the way into the season yet!", by pointing out that you will be MORE than a third of the way after the next match.
Your comment appeared to me to be rather petty, considering that almost a third of the season has gone by, and we're still no nearer finding out when this fiasco will be over. It's all right apportioning blame on who is responsible (ie everyone but us), but at the end of the day it falls on the club, and Mr Burns/Levy in particular, for setting unrealistic targets for completion.
As most posters on here with greater knowledge than I have of the Construction industry have said, there are almost always delays in major projects.
Unsurprisingly, the messages coming from the club you support have been, in my opinion, not wholly truthful on when the ground will be ready, and still refuse to give a definite date for when the first paying customers will be going through the turnstiles.

I wonder why that is?

Umm,........exactly how far we are into the season isn't the point. That I mentioned it at all was merely by way of adding colour and detail to the actual point. Therefore, for you to try to make it the point surely demonstrates pettiness on you part rather than mine? ;-)

Just for clarification, my point was simply that saying "nailed it" about a prediction that is still far from being proven either right or wrong is a tad premature.

As to setting targets, surely all organisations should set challenging targets in every sphere of their operations? Certainly, Man City do. Why not Spurs too? You do appreciate, I hope, that the original completion date was not a target that Spurs set unilaterally? They would only have set it after taking advice from MACE as to whether or not it was realistic. Clearly, MACE thought that it was. Why should a football club have tried to second guess one of the biggest and most successful construction companies in the country on matters relating to construction?

And the reason why Spurs have yet to give a definite date for the stadium's opening is simply that, having been let down once before and having thus inconvenienced and pissed off their own and other fans, they will not set a new date until they can be sure that the issue has been fully resolved. And that hasn't yet happened.

Because they basically have NFI.
The costs of this project must be going through the roof.
I'm wondering now if they simply don't have the finances to get the job done quickly

As of June 30th, net debt (having completed the great majority of the stadium, plus a new players' lodge at the training ground) was £366m. Spurs' total loan facility is £637m. So the funding to complete the stadium is very much there.

 

[JPBB]

Why? Your owners are worth billions!

Well either they don't consider Spurs to be a good investment or they don't love Spurs enough.

Even if they did want to invest in Spurs to the extent that they could compete with City they would fall foul of the financial fair play regulations because Spurs simply do not have revenue or the fanbase that City have.

 

[domalino]

Well either they don't consider Spurs to be a good investment or they don't love Spurs enough.

Even if they did want to invest in Spurs to the extent that they could compete with City they would fall foul of the financial fair play regulations because Spurs simply do not have revenue or the fanbase that City have.

I do wonder why Lewis didn't loan Spurs the money for the stadium himself. Stadium costs and other infrastructure aren't affected by FFP.

Bank of America Merrill Lynch, Goldman Sachs and HSBC are the current creditors, I wonder how much they're charging?