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Tottenham Hotspur Stadium - Licence To Stand

Re: Northumberland Development Project - CPO Now Granted!!!

Craig_J said:
I dread to think what cowboy Levy's going to hire.

Hopefully it's not Mr O'Reilly from Faulty Towers.
Click to expand...

I realise that you're only joking but, really, there is nothing to dread with regard to which constructors Levy will choose.

It will almost certainly be McLaren, who also built the training centre and the Sainsbury's / UTC building for Spurs. But even so, Spurs will want to get an even bigger company involved. McLaren aren't yet of the size that they can comfortably take on such a big project alone. It would be too big a risk for them and too big a risk for Spurs. Last thing we'd want is for our constructor to find itself in a catastrophic cash flow situation and go under, mid build. That's why there have been suggestions that McLaren will partner up with Spanish construction giant, FCC - one of the biggest construction companies in the world.

Spurs will want the new stadium to have the same, jaw dropping "wow" effect that the new training centre had on everyone - be they Spurs or otherwise - when it was first built. In a city where there is huge competition for the lucrative corporate market, cutting corners and going for the cheap option would be counterproductive. This stadium needs to be the best; world class. That's why Spurs have stressed, more than once, that they plan to build it to the same high specification and finish as the universally acclaimed training centre.
 
Re: Northumberland Development Project - CPO Now Granted!!!

jimmyb said:
I realise that you're only joking but, really, there is nothing to dread with regard to which constructors Levy will choose.

It will almost certainly be McLaren, who also built the training centre and the Sainsbury's / UTC building for Spurs. But even so, Spurs will want to get an even bigger company involved. McLaren aren't yet of the size that they can comfortably take on such a big project alone. It would be too big a risk for them and too big a risk for Spurs. Last thing we'd want is for our constructor to find itself in a catastrophic cash flow situation and go under, mid build. That's why there have been suggestions that McLaren will partner up with Spanish construction giant, FCC - one of the biggest construction companies in the world.

Spurs will want the new stadium to have the same, jaw dropping "wow" effect that the new training centre had on everyone - be they Spurs or otherwise - when it was first built. In a city where there is huge competition for the lucrative corporate market, cutting corners and going for the cheap option would be counterproductive. This stadium needs to be the best; world class. That's why Spurs have stressed, more than once, that they plan to build it to the same high specification and finish as the universally acclaimed training centre.
Click to expand...

Kudos to you jimmyb for pointing that out. =D>
 
Re: Northumberland Development Project - CPO Now Granted!!!

jimmyb said:
I realise that you're only joking but, really, there is nothing to dread with regard to which constructors Levy will choose.

It will almost certainly be McLaren, who also built the training centre and the Sainsbury's / UTC building for Spurs. But even so, Spurs will want to get an even bigger company involved. McLaren aren't yet of the size that they can comfortably take on such a big project alone. It would be too big a risk for them and too big a risk for Spurs. Last thing we'd want is for our constructor to find itself in a catastrophic cash flow situation and go under, mid build. That's why there have been suggestions that McLaren will partner up with Spanish construction giant, FCC - one of the biggest construction companies in the world.

Spurs will want the new stadium to have the same, jaw dropping "wow" effect that the new training centre had on everyone - be they Spurs or otherwise - when it was first built. In a city where there is huge competition for the lucrative corporate market, cutting corners and going for the cheap option would be counterproductive. This stadium needs to be the best; world class. That's why Spurs have stressed, more than once, that they plan to build it to the same high specification and finish as the universally acclaimed training centre.
Click to expand...

I very much enjoyed reading from jaded sports journalists about how much they were stunned by what had been accomplished there.
 
Re: Northumberland Development Project - CPO Now Granted!!!

jimmyb said:
I realise that you're only joking but, really, there is nothing to dread with regard to which constructors Levy will choose.

It will almost certainly be McLaren, who also built the training centre and the Sainsbury's / UTC building for Spurs. But even so, Spurs will want to get an even bigger company involved. McLaren aren't yet of the size that they can comfortably take on such a big project alone. It would be too big a risk for them and too big a risk for Spurs. Last thing we'd want is for our constructor to find itself in a catastrophic cash flow situation and go under, mid build. That's why there have been suggestions that McLaren will partner up with Spanish construction giant, FCC - one of the biggest construction companies in the world.

Spurs will want the new stadium to have the same, jaw dropping "wow" effect that the new training centre had on everyone - be they Spurs or otherwise - when it was first built. In a city where there is huge competition for the lucrative corporate market, cutting corners and going for the cheap option would be counterproductive. This stadium needs to be the best; world class. That's why Spurs have stressed, more than once, that they plan to build it to the same high specification and finish as the universally acclaimed training centre.
Click to expand...
As long as the search for excellence does not lead to procrastination.
 
Re: Northumberland Development Project - CPO Now Granted!!!

ITK allowed in this thread?

Edmonton over at SC:
Good source.
Archway almost certain to appeal, this will run for ages unless a deal can be done.
Currently £10m apart.
Imho gambling on Spurs being forced to pay way over market.
 
Re: Northumberland Development Project - CPO Now Granted!!!

Hemant said:
As long as the search for excellence does not lead to procrastination.
Click to expand...

It isn't a "search" for excellence so much as an insistence on excellence; a need for excellence.

Without it, the new stadium will not become the metaphorical game changer that Spurs are depending on it to be.
 
Re: Northumberland Development Project - CPO Now Granted!!!

Denmark Spur said:
ITK allowed in this thread?

Edmonton over at SC:
Good source.
Archway almost certain to appeal, this will run for ages unless a deal can be done.
Currently £10m apart.
Imho gambling on Spurs being forced to pay way over market.
Click to expand...

could say a rival club just fund their legal costs for them for the hell of it?
 
Re: Northumberland Development Project - CPO Now Granted!!!

Denmark Spur said:
ITK allowed in this thread?

Edmonton over at SC:
Good source.
Archway almost certain to appeal, this will run for ages unless a deal can be done.
Currently £10m apart.
Imho gambling on Spurs being forced to pay way over market.
Click to expand...

Ridiculous if true.

Their property can't be worth any more than £1m.
 
Re: Northumberland Development Project - CPO Now Granted!!!

jimmyb said:
Ridiculous if true.

Their property can't be worth any more than £1m.
Click to expand...

They probably want Spurs to pay for everything that comes with relocating, new top notch facilities and equipment plus a little extra.
 
Re: Northumberland Development Project - CPO Now Granted!!!

metalgear said:
could say a rival club just fund their legal costs for them for the hell of it?
Click to expand...

I don't blame Archway for fighting like tigers to get what they think they can get out of the club. I am, however, starting to suspect that what you've put forward may well be the case. How else are they going to fund this appeal?

Imo, a case for some private investigators to analyse. Proper ones, not the bunglers Levy hired for the OS fiasco.
 
Re: Northumberland Development Project - CPO Now Granted!!!

Denmark Spur said:
ITK allowed in this thread?

Edmonton over at SC:
Good source.
Archway almost certain to appeal, this will run for ages unless a deal can be done.
Currently £10m apart.
Imho gambling on Spurs being forced to pay way over market.
Click to expand...

But all of that is based around an idea which an appeal will run for ages, that's being ITK about the legal process and I don't think any of our guys on this board who know about how this all works have said an appeal is likely to take a long time.

I think even a fool could see that the time for Archway to throw around absurd figures is gone. Spurs might well settle out of court but surely now it's us holding them to ransom and not the other way round?
 
Re: Northumberland Development Project - CPO Now Granted!!!

Denmark Spur said:
ITK allowed in this thread?

Edmonton over at SC:
Good source.
Archway almost certain to appeal, this will run for ages unless a deal can be done.
Currently £10m apart.
Imho gambling on Spurs being forced to pay way over market.
Click to expand...
Either Archway have had terrible legal advice or Edmonton is making it up.

There's no way the CPO would force a value that high - IIRC a generous valuation was £1M - they won't even get £2M.
 
Re: Northumberland Development Project - CPO Now Granted!!!

I think the silly numbers are for the relocation 'costs', rather than purchase price.

Archway's only legal handle on this is the CPO, but all they really want is wads of dosh.
 
Re: Northumberland Development Project - CPO Now Granted!!!

Denmark Spur said:
ITK allowed in this thread?

Edmonton over at SC:
Good source.
Archway almost certain to appeal, this will run for ages unless a deal can be done.
Currently £10m apart.
Imho gambling on Spurs being forced to pay way over market.
Click to expand...

Few major flaws in this:

1) They can't appeal the decision (this last verdict was the appeal). They can only appeal the process - i.e. that DCLG acted improperly. And they have a maximum 6 weeks to do this (2 down already)

2) There's no bartering with a CPO. There's an independent valuation. Archway have just been told that they will get the price it was originally valued at 2 years ago

3) Haringey are buying the site from them, not us. We have an interest in seeing it happen quickly, but we are a third, not a second party.
 
Re: Northumberland Development Project - CPO Now Granted!!!

Actually, guys, I think I've solved it. We've all been looking at this wrong.

The two parties are indeed £10m apart....

Levy wants Archway to pay Spurs £11m. Archway don't want to pay more than £1m.

The Josifs wear a permanently confused expression on their faces. They aren't quite sure how negotiations got to this point. #levyed
 
Re: Northumberland Development Project - CPO Now Granted!!!

Bearing in my mind, this is Spurs we are talking about. With our luck no doubt this will drag on and on and on
 
Re: Northumberland Development Project - CPO Now Granted!!!

Gutter Boy said:
Few major flaws in this:

1) They can't appeal the decision (this last verdict was the appeal). They can only appeal the process - i.e. that DCLG acted improperly. And they have a maximum 6 weeks to do this (2 down already)

2) There's no bartering with a CPO. There's an independent valuation. Archway have just been told that they will get the price it was originally valued at 2 years ago

3) Haringey are buying the site from them, not us. We have an interest in seeing it happen quickly, but we are a third, not a second party.
Click to expand...

Not quite. The last verdict was not the appeal but the ratification from the Secretary of State. This is the standard 'final' part in any CPO process. As you say however the 'decision' cannot be appealed, only the process used to arrive at the decision. This kind of amounts to the same thing however. Archway's legal team will just try to go after whatever aspects they can find that were questionable in the process (and remember that any two-bob legal team can make an argument that black is white - especially if there are fees to be earned!)

Additionally the independent valuation for the CPO will occur at the point at which the CPO is ratified (i.e. now) and will not be the valuation of 2 years ago. However this valuation will take no account of what Spurs have offered, what Archway have asked for, nor of the value of the land/whatever is built there AFTER the sale has taken place. The CPO valuation will merely focus on "what that land/property is currently worth (including the licenses for industrial use) at the current market rate". My own untrained eye would suggest that you could probably pick up a site like that around that part of the North Circular for no more than £3 million (and probably considerably less than that!) The fact that THFC themselves have recently aquired a similar sized site (I think it actually is bigger) just up the road off of WHL is a very good thing as the aquisition cost of that site could probably be used a barometer by the valuation surveyor.

Archway are currently gambling on Spurs not wanting to delay the project further through the appeals process and paying a premium to ensure this. However if the two sides really are as much as £10 million apart then the premium they want really must be incredibly excessive. THFC will already have armed themselves with independent valuation estimates and one would assume that the offer(s) that THFC have made to Archway would be somewhere slightly North of those estimates.

As this has gone on it really does become more and more apparent that Archway saw this as their golden ticket and have continued to try to grasp at this golden ticket even as the likelyhood of it materialising becomes less and less likely.
 
Re: Northumberland Development Project - CPO Now Granted!!!

Can't Spurs threaten with a countersue for revenue loss from delays?

Sent from my SM-P605 using Fapatalk
 
Re: Northumberland Development Project - CPO Now Granted!!!

metalgear said:
Can't Spurs threaten with a countersue for revenue loss from delays?

Sent from my SM-P605 using Fapatalk
Click to expand...

Absolutely not. Spurs do not and have never owned that piece of land. Archway are perfectly entitled to refuse all offers for their land/business until they get a valuation that they agree with. Clearly this never happened either because THFC would not offer a sensible amount or Archway wanted a ridiculous sum (depending on what side of the fence you sit on). Archway are also perfectly entitled to try to fight the CPO that has now been granted and ratified to the very end.
 
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