What Price a Season Card

[jerseyshrimper]

Who cares mite be dead in 2010

 

[Andyhsufc]

Who cares mite be dead in 2010

always look on the bright side ay!

 

[Ricey]

Who cares mite be dead in 2010

LMFAO!! Thats one way to think about it.

 

[Kris]

Who cares mite be dead in 2010

We might be dead tomorrow if that black hole swallows us up...

 

[WestRoadShrimper]

If we're talking about 2010, shouldn't this be in the Fossets Farm forum?
















;)

 

[jerseyshrimper]

LMFAO!! Thats one way to think about it.

am old so very well could be, live for today and let tomorrow take care of itself:)

 

[Irate Ian]

They are in a completely different situation to us though Ian.

There stadium is owned by the local council and always will be, as well as paying rent on the stadium, they have to pay back the interest on the loan that the council took out to fund the project which i believe from the COLU messageboards has added £2/3 to the ticket fees alone. They also have no alternative income streams that may help to subsidise the club as we understand we will have. I think that we all expect a price increase but I dont see much point on speculating on on amounts until nearer the time, who knows what the inflation rate between now and then will be as well as the popularity of the club and division etc.

Appreciate the heads up, but under certain as yet unknown conditions our situation migh not be quite so different.

We might have no alternative revenue streams also and substitute Colchester B.C. with the finance company or the developers seeking an £80M loan and you have the potential of similar scenario, just variation of the same theme.

Inflation, popularity and division are as you state unknown variables in the equation at this stage.

 

[sufcboy]

im a true fan, so i would pay whatever i would need to too see my team

 

[PrawNZ]

The Echo as always seems to have over exagerated the cost of the stadium. Uncle Ron reckons 44-46m according to http://www.leisureopportunities.co....m?codeID=82843&CFID=37791475&CFTOKEN=58517960
of course this might go up but nowhere near the 80m been banded around recently

 

[Irate Ian]

The Echo as always seems to have over exagerated the cost of the stadium. Uncle Ron reckons 44-46m according to http://www.leisureopportunities.co....m?codeID=82843&CFID=37791475&CFTOKEN=58517960
of course this might go up but nowhere near the 80m been banded around recently

Thanks, an interesting article Mr Farmer and I have copied and pasted below, the quote of RM for SZoners consumpion. Also posted to £80M thread to set the record straighter.


Ron Martin, chair of SUFC, said that the club is budgeting for a total build cost of between £44m and £46m, including the hotel and contingency. Martin also moved to dispel claims that the project cost had risen to £80m from an initial estimate of £25m two years ago.

"The suggestion that the cost of the stadium alone had risen from £25m to £50m and now £80m is very misleading, when nothing fundamental had changed," Martin told the club's website. "My development team and I are going to great lengths to ensure this project succeeds and that the appropriate cost/value ratios apply."

Martin did concede, however, that the delay had meant the current economic downturn would have an effect on funding the new stadium.

"This is a complex funding package, and one that now needs to take account of significant yield shift, softer rents, a collapsed housing market and, most crucially, a lack of liquidity in the banks," he said. "Had this project been 'on the chocks' twelve months ago, we would perhaps not need to be so resourceful in the financial engineering."

Martin also revealed that discussions had taken place with the US bank Morgan Stanley over possible funding initiatives through the bank's Stadium Capital Funding subsidiary, although nothing had been confirmed.

 

[davewebbsbrain]

Thanks, an interesting article Mr Farmer and I have copied and pasted below, the quote of RM for SZoners consumpion. Also posted to £80M thread to set the record straighter.


Ron Martin, chair of SUFC, said that the club is budgeting for a total build cost of between £44m and £46m, including the hotel and contingency. Martin also moved to dispel claims that the project cost had risen to £80m from an initial estimate of £25m two years ago.

"The suggestion that the cost of the stadium alone had risen from £25m to £50m and now £80m is very misleading, when nothing fundamental had changed," Martin told the club's website. "My development team and I are going to great lengths to ensure this project succeeds and that the appropriate cost/value ratios apply."

Martin did concede, however, that the delay had meant the current economic downturn would have an effect on funding the new stadium.

"This is a complex funding package, and one that now needs to take account of significant yield shift, softer rents, a collapsed housing market and, most crucially, a lack of liquidity in the banks," he said. "Had this project been 'on the chocks' twelve months ago, we would perhaps not need to be so resourceful in the financial engineering."

Martin also revealed that discussions had taken place with the US bank Morgan Stanley over possible funding initiatives through the bank's Stadium Capital Funding subsidiary, although nothing had been confirmed.

Thank you Ian for posting something a bit more positive!