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Everything posted by Matthew Le God
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As long as he keeps to his word of delegation to those skilled in each area and takes onboard advice I don't see that as a problem, for example Les Reed is still director of football and he clearly knows his football.
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Both of these have been granted planning permission... Plymouth Argyle - new grandstand, an ice rink, ten-screen cinema, a hotel, shops and restaurants... Brentford - new stadium with hotel, apartments, shops etc... With FFP developments such as these are the future for clubs as they look for new revenue streams. It is things like that which help sustainability of a club and isn't dependant on league position.
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Why have you made that up?
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Where have you plucked £500k from? Looks like a huge number of apartments in that image, not to mentioned the shop/office rent and the money a large hotel would make. Just look at the scale of the development and the size of some of the buildings. If it really is a daft suggestion, why is the club looking at it? Maybe its not a goer, but it isn't daft and is worth considering. Which is what is happening.
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Well as your question was... "How long would it take such a development to return significant funds to Southampton Football Club?" And all I have to go on is one concept design from an architect with no annotations it is impossible for me to answer! For a start we can only guess at the use for each of the buildings let alone their potential income or cost to construct. The tall building on the left looks like it might be a hotel, but as for its size and potential income it is hard to tell. Other buildings look like apartments with shops/restaurants below, maybe some offices and the red building has similarities with a banqueting/conference suite at a Edgebaston cricket ground. But its still only guesses from one picture. Why does it even matter if it is a long time? The football club will still exist in many decades to come, such a development provides a new revenue stream to it for many years and also raises the value of the company.
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You'd have a point if a) it was just my idea and not something the chairman of the club said today they were looking into and b) it was a larger expansion than only another tier on the Kingsland. I think 40k will be fine for us, yes we won't sell every game out at that size but we would for some. People tend to focus on the "stadium expansion", I think that will end up being only one part of any development. It is monetizing the surrounding area to the club's benefit that will be key.
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The outlay for such a development would be exempt from FFP, yet the income from the rent and sales of apartments/shops/offices and the hotel wouldn't. Those new revenue streams would benefit Saints in the short/medium/long term and that money could be used on the team as well as increasing the value and profile of the St Mary's Group Ltd.
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As Krueger talked about monetizing the area, and it is land not currently owned by the club then that suggests it is the club rather than an external entity that will benefit from it. In which case it is the club that would be looking to buy the land and then build the hotel, offices, apartments, shops etc. Large initial outlay, but all provide income for many years to come. Other clubs have done similar and/or are looking to do similar on larger/smaller scales.
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No I wasn't. I'd be happy with an expansion to the Kingland to 38k/39k/40k as a first stage and the club owning and developing the surrounding land like in that picture with hotels, apartments, shops etc. It would provide new revenue streams for the club and also improve a less than impressive area of the the city. It also raises the profile of the club, a development like this makes the club more attractive for commercial sponsorship. Something we are lagging behind in compared to those clubs above us.
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Its not just about capacity, "monetizing area" is term used. You can see that from the AFL designs it is only the Kingland that has been expanded in capacity, a new facade on the outside of the stadium which has a larger footprint and a large amount of land developed surrounding the stadium. If the club owns all of that it could be a nice earner for them. It may only be an expansion to 38k or 40k, the club clearly aren't dismissing it as our current chairman has stated today.
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Krueger said the plans for the stadium expansion and development of the surrounding area are... Simon Peach @SimonPeach 4m @MatthewLeGod Being reassessed & he seemed keen to look at ways of monetizing area.
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Still in his mind of things to do and hasn't dismissed it. Even if expanded to 40k, its not just about those extra seats, a lot more to it than that which would increase revenue streams. Yes, we wouldn't sell out every game, but it increasing revenue and the profile of the club.
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Our chairman said today" expanding/improving St Mary's" is his 2nd priority.
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The same reporter also said this... Joe Batchelor @Joe_Batchelor 5m Krueger said #saintsfc 'will do everything to retain the players for as long as possible'. What else do you expect him to say? Man Utd didn't keep Ronaldo. Its only really Barcelona and Real Madrid that can keep their star players. We are however in a better position to keep players for longer than we have in the past with Bale, Walcott and Oxlade-Chamberlain, plus are in a stronger position when the players do leave to get huge prices as they are internationals playing for a top half Premier League side.
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Asking the people that met Krueger today seems a good place to ask.
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The AFL designed plans are about far more than just expanded capacity... In times of FFP, things like hotels, apartments, shops, conferencing/banqueting facilities all increase revenue to then be used on the team.
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Simon Peach @SimonPeach 50s Krueger told me finishing training ground was "priority one" & looking at expanding/improving St Mary's second behind that.