MalcSB
Well-Known Member
It does show as a three year programme. It would be more interesting to see what, if any, work Wasps did during their 7 years ownership.
It does show as a three year programme. It would be more interesting to see what, if any, work Wasps did during their 7 years ownership.Yeah I’d guess so. the idea it needs £13m tomorrow or is going to be shut down is a bit wide of the mark is all. Looks more like a few mill is needed and most of the rest is stuff that will be replaced over time as it wears out.
Spent 5 mill on a porchIt does show as a three year programme. It would be more interesting to see what, if any, work Wasps did during their 7 years ownership.
It does show as a three year programme. It would be more interesting to see what, if any, work Wasps did during their 7 years ownership.
Fascia’s would be a complete waste of money when there’s so much stuff to do there. Football fans aren’t going to be bothered by a few shrubs around the place.Completely. It looks like they did absolutely nothing. Though it’s academic now cos it’s not like we can go after them for breach of lease.
The main things seem to be the piping and the roof repair. Both big ticket items from the looks of it. Just saying stuff like the lights changing to LED and fixing fascia’s aren’t safety issues.
Ignore me, thought it meant Fuchsias.Fascia’s would be a complete waste of money when there’s so much stuff to do there. Football fans aren’t going to be bothered by a few shrubs around the place.
I think they do in Scotland too. It’s the seller that gets the survey not the buyer.You do in France, whole purchase system far better there,
Not keeping Arena in a good state of repair and decoration was a breach of bond requirements.Completely. It looks like they did absolutely nothing. Though it’s academic now cos it’s not like we can go after them for breach of lease.
The main things seem to be the piping and the roof repair. Both big ticket items from the looks of it. Just saying stuff like the lights changing to LED and fixing fascia’s aren’t safety issues.
There were plans to introduce it in England some years ago, I think the only bit left was the EPC report. Would have saved huge amounts of time and money.I think they do in Scotland too. It’s the seller that gets the survey not the buyer.
We had midweek sky matches last seasonInteresting that one of the items is floodlights need replacing as LUX not enough for TV - explains why no Sky TV matches. Shocking state of affairs.
We did and looked fine.We had midweek sky matches last season
There's no point going on about what needs doing, we can't go back to the fuchsia.Ignore me, thought it meant Fuchsias.
Ah! so thats where the smoke came from? Forgot the KY jelly did theyMarlon King asked her on a date?
hope i have not scarred you for life with the image i just invoked for you on my previous answerMarlon King asked her on a date?
We don’t know when the lighting became an issue. We’ve had none so far this season- 19/20 matches in. Seems odd no? Anyway we can’t be sure what the reason is I guess.We had midweek sky matches last season
And ACL will have offset costs through depreciation of assets. The only issue there is that ACL have gone.Fucking consultants rip buildings apart to justify their jobs. Work with them everyday in central london. (I'm a Chartered Engineer and work in Insurance).
Alot of these are nice to have. They say everything has a life of 15/20 years for spare parts etc.
This makes it looks alot worse than it is. These are worst case scenarios. And alot of the the things like the lifts etc can and will easily last another 15 years.
You wanna see the dilapidated stadiums we been to following city around the country.
Ashley hasn’t bought the Arena blind his team will have been all over it with a fine tooth comb hence his 30p in the pound offer.
My betting in time the stadium will be superb.
Keep the lights as they are in that case.....prefer the 3pm Saturday koInteresting that one of the items is floodlights need replacing as LUX not enough for TV - explains why no Sky TV matches. Shocking state of affairs.
The issue seems to be more if the landlord gives a toss about maintenance of the pitch or anything else. Which ours simply weren’t.Yes with proper maintenance I’m hoping Rugby isn’t played there at all but there are a number of grounds where the pitch is shared, Swansea, Wigan two examples, Old Trafford regularly have rugby league too.
Not really sure why people are worried about this type of money... Ashley will have done his due diligence and this will have been part of the numbers. I have been in multiple companies where this has been the investment budget I have looked after for a year (sometimes significantly more) let alone 3. A number of things are for improvement which you may or may not do obviously becomes more critical over time. The other thing of note is there are mostly round numbers which will likely mean they are estimated. Normally during estimation you'd add contingency. Whole list could be 10 to 20% lower when it comes to actuals. Maybe more.
He didn’t do any due diligenceI'd like to think MA's well aware of this, but didn't he say he got blindsided with a huge amount of debt at Newcastle he had no idea existed, even though he did due diligence?
You learn from mistakes right... I'm pretty sure he will have done it right this time.I'd like to think MA's well aware of this, but didn't he say he got blindsided with a huge amount of debt at Newcastle he had no idea existed, even though he did due diligence?
I spoke to a maintenance chap at the Higgs a while back and he said with undersoil heating a pitch can be sorted to top spec in less than a day.
For an owner with 3/4 billion in the bank, don’t think so.The trouble is the undersoil heating and heat lamps are too expensive to run.
I am right in thinking those cunts chucked us out of the proper home dressing room aren't I? At least we should be back in that soon.If I was purely money focused I’d be looking hard at the 342 days a year there isn’t a CCFC game on and be looking for sports, concerts, monster trick rallies, whatever to put on there. That’s more my concern than a rugby team, though I’m not convinced they won’t be back either.
Yeah, he's bought it because he wants to become a millionaire.For an owner with 3/4 billion in the bank, don’t think so.
If I was purely money focused I’d be looking hard at the 342 days a year there isn’t a CCFC game on and be looking for sports, concerts, monster trick rallies, whatever to put on there. That’s more my concern than a rugby team, though I’m not convinced they won’t be back either.
Looks to me that regular program of maintenance has not been kept up for a number of years. Some items are past their expected life and will need upgrade or replacement.
It seems some items are more critical to the business than others but nothing shown is flagged up as immediate or expected closure of the stadium. I assume there will be a large spend over the next three years to bring things up to date.
The price paid by house of fraser, following extensive due diligence of the site itself, reflected the maintenance repairs and capital expenditure needing to be spent. The logic of that would seem to be the distressed lease had a value around 29m. 15.8m was actually paid. Unlike wasps House of fraser has money available to invest
I assume some of the cost is to recompense tenants for disruption but some of the cost seems to be lost events short term which is a calculated cost not a spend
Whilst the sum to be spent is significant it isnt going to be spent day one. There is a 3 year rolling programme of improvements.
The results of this 3 year programme is
to improve the image & standing of the stadium
To provide a tax offset saving 25% of the cost
Increase the earnings potential of the stadium
Increase the value of the investment Well above the 15.8m paid
Can they get it profitable though?
£5m of grant funding.Spent 5 mill on a porch
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