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ENIC

billyiddo said:
There were plans for an extreme sports center in the next phase of development - not sure it's specifically related to the hotel
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Can't remember if it was in the same building or the smaller one next to it. Sure it was on that side though.

They're all getting built at the same time aren't they? We've just put in new planning permission to add a few floors to the hotel.
 
They will cast quite a big shadow, which might be a benefit in some ways i.e. keeping sun off the atrium and the pitch.
I don't particularly like it when the sun is bathing half the pitch, so players are squinting and TV cameras are struggling to adjust brightness.
It does seem like a tight corridor to squeeze so much building in, but I assume it will all go pretty well and not disturb us much on matchdays.
 
Bullet said:
They will cast quite a big shadow, which might be a benefit in some ways i.e. keeping sun off the atrium and the pitch.
I don't particularly like it when the sun is bathing half the pitch, so players are squinting and TV cameras are struggling to adjust brightness.
It does seem like a tight corridor to squeeze so much building in, but I assume it will all go pretty well and not disturb us much on matchdays.
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Agree, it does appear a tight footprint.

If you were to measure from the bottom of the first load of steps ie park lane road level to the furthest south point of the south stand it can't be that far?.

Plus isn't there the underground car par and entrance underneath the Atrium. So how does that work with foundations/piling etc?

I'd expect the Park Lane road to be closed during construction, just to give them some room to work.

I like the panoramic view from the South Stand so we'll lose a lot of that BUT you're right about the sunshine, can be too bright/warm on a sunny one.
 
Should the later phases of the Northumberland development be done by the club or by a different party?

I am not a great business brain but this must be a distraction for the clubs officials and complicates the focus on the core football business.
 
johnola said:
Should the later phases of the Northumberland development be done by the club or by a different party?

I am not a great business brain but this must be a distraction for the clubs officials and complicates the focus on the core football business.
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Would imagine it’s contracted out, so not part of our head count. They then report back on progress, so no great burden on our HC resources.
 
johnola said:
Should the later phases of the Northumberland development be done by the club or by a different party?

I am not a great business brain but this must be a distraction for the clubs officials and complicates the focus on the core football business.
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Thats why Munn has come in, he will take over, effectively as chairman, for all footballing operations, Kline the same with Commercial and Levy will oversee everything and concentrate on Destination Tottenham project as it phases up
 
Lilbaz said:
Munns job is to focus on the football.
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Levy should be good at designing the hotel operations:
I've heard he has this idea about increasing the agreed price just before you check in.

We will also have a special relationship with the Madrid Hilton in case we have any high profile guests or they have any surplus to their needs.

Bathroom gear is all white for European guests, blue flannels for domestics.
 
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Financially though this all goes through the club books as things stand - the additional debt for the build costs then one day the income, hotel bookings and then the residential property rents or whatever.
And when enic sell all this other real estate business goes with the football?

I guess it doesn’t matter - but it does intrigue me as it seems pretty unusual.

Surely it must be hived off as a separate business for tax and reporting etc?
 
johnola said:
Financially though this all goes through the club books as things stand - the additional debt for the build costs then one day the income, hotel bookings and then the residential property rents or whatever.
And when enic sell all this other real estate business goes with the football?

I guess it doesn’t matter - but it does intrigue me as it seems pretty unusual.

Surely it must be hived off as a separate business for tax and reporting etc?
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Construction debt is nearly always secured on developed spend
E.g. you borrow £100
You do £40 of the work, they will then pay you the £40…
So the money is secured against the build and the fixed asset
 
Bedfordspurs said:
It’s borrowing
Not owner financing
They are Borrowing more and more
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Not sure that is true @Bedfordspurs . Chelsea are not taking on debt. The owners are financing Chelsea, they may be taking on debt (personal or company debt) to inject that finance into Chelsea but it is still owner financing. Would be the same as ENIC taking on debt secured against any other assets they own to inject money into THFC.
 
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Lilbaz said:
He also said they were in the 2nd division when they spent the money which equalled 50% of turnover. Going by that metric the average championship clubs turnover is £20m. So by that inflation liverpool would have spent £10m on players.

Enic put in £100m last summer.
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That fails to consider the fact that prior to the premiership being formed there was not the same income difference between clubs in the top division and division below.
 
Finney Is Back said:
Not sure that is true @Bedfordspurs . Chelsea are not taking on debt. The owners are financing Chelsea, they may be taking on debt (personal or company debt) to inject that finance into Chelsea but it is still owner financing. Would be the same as ENIC taking on debt secured against other assets to inject money into THFC.
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Yeah
I have said that before
It’s the holding company taking on the debt
Not the club
 
johnola said:
Should the later phases of the Northumberland development be done by the club or by a different party?

I am not a great business brain but this must be a distraction for the clubs officials and complicates the focus on the core football business.
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I suspect the club will take on a development partner and share profits, that way the club can avoid taking on more debt (especially as I'm not sure that the club can afford to carry too much more debt anyway)
 
Finney Is Back said:
Not sure that is true @Bedfordspurs . Chelsea are not taking on debt. The owners are financing Chelsea, they may be taking on debt (personal or company debt) to inject that finance into Chelsea but it is still owner financing. Would be the same as ENIC taking on debt secured against other assets to inject money into THFC.
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So how would that work in practice to stop the holding company going bust and Chelsea ending up with a billion quids worth of players? Is there an obligation on the football club as recipients of the assets to pay the transfer fees even if the holding company went bust?
 
Finney Is Back said:
I suspect the club will take on a development partner and share profits, that way the club can avoid taking on more debt (especially as I'm not sure that the club can afford to carry too much more debt anyway)
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Yeh, it go to a franchise partner who will share in the costs and then pay rent or operate a profit share. My guess is it will be one of the lifestyle brands of one of the major players.
 
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