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Well I personally feel we missed a trick.
There were obvious signs we were turning the truck around when in league one and should have expected progress from our lowest point under Adkins. I felt when Clough was here that we should have taken steps to be positive and make some renovations to the Kop then. Thus being able to manage the attendance within the empty seats and thus avoid our current predicament.
I know some will say that’s ridiculous as the team was shit and needed sorting but Ground funding is a different pot to player funding.
Clubs usually borrow money on a type of Mortgage that is funded as a business plan over a term of years.
For example, I believe we need to flatten the Kop and start again. It’s tired, cramped, poor facilities and not easily developed further. We need better, and something that is future proof as both technology and club demands change in future. Cost of removal and building a new stand with top facilities would be no more than £50m with interest for the loan . But could add 4 thousand seats quite easily.
Now, improved facilities means you can charge more....so say we charge £500 an adult and £250 concession...average of £400 a seat. Those extra seats with the extra matchday revenue the fans bring could generate £2m a season....simple maths says its paid for itself in 25 years!!
Now we could simply build half a new stand at the back and bolt into it, this would be significantly cheaper to do and could have been started while in league one. It would be half the cost of a new stand with the gains I’ve already mentioned. So the 25 year plan to recoup the cost is halved. And this is where we missed the trick...last season should have been the first season it was open and we could have been heading into the premier league in a position to repay the loan early and reap the benefits of the extra 4-6k capacity.
Hindsight I know, but speculate to accumulate in business.
Think your figures are way out Grizzly.
Extensions are much much cheaper then clearing a site, laying foundations and starting afresh.
My guess is the figures are more like,
OPTON A: Bolt-on design
Pay 30 million for an impressive Kop that addresses 90% of supporter issues, gives 3,200 extra seats and ensures capacity is hardly affected so all season ticket holders can continue to watch all home games.
The present bolt-on design costs 30 million and gives 3,200 extra seats = £9,375 per seat.
OPTION B: Totally new stand
Pay 200 million, estimate it’s 150 million for the stand, then almost another 50 million regards 2 years lost revenue and 2 years of stadium hire costs.
for an even better Kop than corrects 100% of supporter issues, more leg room and steeper rake (by definition) means a lower capacity.
A new stand would cost 200 million and give 2500 extra seats = £80,000 per seat.
You mention “accumulate in business” but this is high risk. There are loads of examples where this attitude has been a huge error. Darlington built a 25,000 capacity stadium and have now gone bust. In 1975 we built an impressive new South stand and quickly went down to the 4th division.
Also your suggestion is that Kop prices are increased to match the South stand prices, but I think it’s really really important to have a budget area, with adequate but more basic facilities that people with finance issues are more likely to afford.