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As a person in my 70's, I can tell you that the talk of a new stadium was being talked about in the mid sixties, and my mates dad who took me to games with his son said that it was being talked about ion the 1930's. Add to that there was talk of (dare I say) Milton Keynes, Junction 10, 11A etc. All I can say is that I never believed we would ever get a new ground. However. when 2020 took over I believed straight away. That belief is unwaiverred. I firmly believe that 2020 will deliver the new stadium. Never have I trusted the people in charge of our fantastic club as I do 2020. They WILL deliver. They just want to get the whole thing right.
Clubs PR has been clear always new it had to be moved and with more funds after promotion they have done a re design that they will be rotating the ground and fitting more apartments on the site
GS was on talkSPORT discussing this weeks back and it’s been in several programe notes
But, end of May last year, Sweet said promotion wouldnt change the stadium and they were just about to enter pre-application planning with a decision by the end of last year.
Even last November he said the plans would be in over the 'next few months.' So they must be ready to go in very, very shortly?
Wait until it's done and you'll get the full story. Let's just say 2020 wanted this done asap and have worked very hard but they are not the only parties involved.
How long will that be. Will be some searching questions if we go down, lose players, don’t invest in new players and no progress on ground come start of next season.
You can surely understand why people are getting restless?
Last sentence - of course. Some people have developed PC fatigue over the years and I can't blame them. But this is a massive project that has gone through Brexit, various economic crises, Covid, steel shortages, Labour shortages not least caused by HS2 and so on. Plus, as already stated, other parties involved have not covered themselves in glory.
I am not sure Brexit has much to do with it ( I write that as a remainer). Plenty of other things have been built in the last 8 years …bloody hell nearly 8 years and it still seems as divisive as 2016. The pandemic I would suggest has been the biggest slowdown and weirdly getting promoted to the Prem….so much effort & time getting the ground sorted to be able to participate.
I am not having a go here but think that’s just a bit of a soundbite. 2020 have done an amazing job and if the stadium hasn’t been completed I am pretty certain it’s not for want of trying. I want to move asap to Power Court ….I have no doubt the board (it’s a massive legacy) want it even more. Having written that many on here ( not including you RADSB) get very defensive if any questions are asked. Don’t agree with Cuba but he is not alone in thinking we should have spent money trying to strengthen in the transfer window.I also appreciate he bangs on about it a bit to much but it’s possible he could be right.Equally we could have paid £25m for a pile of crap and been in the same position and a lot less money.Lets not shoot down other opinions…it’s for debate and hopefully we are all fans wanting the same thing. Thanks for the update.
As above Brexit , Covid I get. But start straying into labour shortages delaying a project when you are not close to employing anyone( also see steel shortages) begins to sound like excuses.
But an economic crisis, in part created by Brexit? Only that’s how it reads to me. And as reported by that Remoaning lefty investment bank Goldman Sachs the other week a 5% hit on the economy that as you suggest may have had a bearing on Power Court’s delay. Thus, a pretty fucking stupid idea don’t you think?
I’m sure I read on here that you’d ’review it 5yrs down the track’. We’re now 4yrs down that track and there no tangible benefits anywhere in sight and just about every economist worth their salt is saying it’s effect on the overall economy has been a disaster.
So at what point do you finally admit that it was a ‘pretty fucking stupid idea’?
He mentioned it because Brexit, amongst other things, created a lot of political and economic turmoil which was bound to affect any manner of construction and other projects. That in itself didn't mean Brexit was a bad idea.
There are plenty of other considerations much more significant than it's impact on a relatively small provincial football stadium that have meant that it was a guargantually stupid idea.
But it’s intrinsically linked to budgets and playing decisions.
If we have no chance of building PC for five more years then we should have said that and not used it as justification for not spending more on players.
Only since May has PC been linked to the club budget when 2020 allocated a wodge of PL dosh to PC. Prior to that PC finances were seperate to the FC finances.
We all want/deserve a full explanation, some more than others, and I've no doubt we will get it.
Previously it wasn’t linked but then all of a sudden it was.
Most were delighted with the previous plans.
So what changed and why?
Bearing in mind how awful the bottom two clubs are and the deductions for Everton and Forest we have surely priced ourselves out of staying up when it will never be easier.
Cuba, do you not read what is posted or do you just choose to ignore what doesn't fit into your narrow, negative narrative.
It is pretty clear that a significant proportion of the Prem money was used to fill the funding gap on the new stadium. Surely this was absolutely right rather than overload the club with debt.
I'm really struggling to understand why you keep ignoring something so obvious.
It's becoming very apparent that you either have an agenda against the Board or its simple attention seeking.
You have deliberately misrepresented what Sweet said. I know that for a fact.
The ground would have been built, promotion or no promotion. However,the premier league money has made it easier with no gap in the finance (also talked about) and has enabled them to build in some of the optional design elements that were/are desirable but not actually essential. Also covered in media releases.
Don't try and bullshit a false story: some of us not only read/listen to what GS and 2020 say, but take note of it and also engage directly with them, as do the Trust and LLSC as well as independent interested parties.
You are, in my opinion, not just a troll but a liar - and I very much doubt that you are a Luton fan.
In Gary's interview before the play off final he was asked if we had all the funding for PC in place. His response was along the lines of "no not 100%, but you wouldn't expect it at the stage of the project. We will get it."
He has then said we will put roughly 50m of the promotion money in to the stadium. This will have gone a long way to closing the previously unfunded amount. I'm sure he's right that we would have got the funding anyway, but the bank or investors who could have provided that would want their returns on investment, whereas now the club will be able to self-fund that portion and keep the future benefits.
Do we have any clarity in exactly who will keep the future benefits?
I've no doubt the ground will be built, and that the Prem money means no need for external investors. But what if the board are using the Prem money to increase their own future dividends, and not the club's? Are there any guarantees? Not least as the development clearly a separate entity to the football club. There would be less priority to invest in team to stay up, as reduces future profits from ground.
2020 own the holding company (in varying amounts) which owns the club and the development company. So yes they could choose to take the benefits through dividends or selling all or part of the club to outside investors. Such is always the risk with private ownership.
You have to ask though why they would. It's not like when they put their money in to the club that we were knocking on the door of the premier league at the time. They funded the club when we needed it with no certainty or probably even expectation that they would see their money again.
I was just making the point I suspect now we're in a situation where we can probably self fund the stadium and I don't think we should jeopardise that opportunity by taking a punt of throwing cash from that pot at trying to stay up.
I think without this money, whilst the stadium would have still happened, I suspect we would have had to go around trying to get external finance. And the club will be in a better place in the future not having those repayments to make.
No one directly. But realistically that's what you'd need to spend. Burnley spent about that much in the summer and has essentially been a waste of 💷💰🪙
But does that stop detailed planning going in? And if it's not being moved, and the club only feel comfortable submitting detailed planning when it has been moved (which seems entirely reasonable) why don't they just say as much? Instead we've had two years of the club suggesting the detailed planning is imminent.
I guess ultimately it makes fuck all difference as you can't start building until the thing is removed anyhow. But saying that, I suspect it will take several months or so for the detailed plans to be approved by LBC.
I completely trust the club to have their ducks lined up on this, just think perhaps the PR could have been a tad clearer?
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What you read on here is 100% conjecture, fiction, lies, bullshit and complete bollocks. If you want to be taken seriously, you are in the wrong place.
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