Is the stadium expansion now only a dream

[Always Next Year]

Will the expansion still go ahead if we go down, or will it be put on ice or scrapped altogether.

[Sol thewall Bamba]

It was all secured against TV money wasn't it? If that's the case then it's on ice at best unless Top wants to pay for it himself which he won't/can't. 

[Tuna]

Pointless unless in the Premier League.

[sacreblueits442]

...I would think that all eventualities would have been factored in, whilst drawing up the plans!!!

  The loan has been taken out and any further delay would be costing more money, with infrastructure the only project that it can be used for.

[Wymsey]

According to documents posted on here a few weeks' ago, it's reality.

[shailen]

It will happen and we'll throw money at getting back into the PL should we grt relegated. 

[phoneticerror]

It’s very much unwarranted at the moment. Makes total sense to pause it. So our club will probably double the size of the extension.

[Aus Fox]

It’s part of the bigger picture, if our football club is going to move forwards it needs to happen regardless of any steps back this weekend.

It’s not just about our games, it’s regularly hosting internationals, games like the Community Shield and potentially any tournaments that England host.

The owners have the money and infrastructure costs are not part of FFP - the club will have provisions in place for setbacks, and the money has already been secured- so it’s still a goer regardless of what happens at the weekend

[Stevosevic]

30 minutes ago, Tuna said:

Pointless unless in the Premier League.

That’s not really true.

 

You build your stadium up for the next 50 years

[ClaphamFox]

10 minutes ago, phoneticerror said:

It’s very much unwarranted at the moment. Makes total sense to pause it. So our club will probably double the size of the extension.

The club is not going to pause it if we get relegated. The aim will be to return to the PL as soon as possible and take advantage of the extra revenues that a larger ground will bring. Abandoning the expansion now because we've been relegated would be a tacit admission that we've lowered our expectations and no longer have any ambition. That's not going to happen.

[StanSP]

https://www.foxestalk.co.uk/topic/127193-stadium-expansion-approved-sept-‘22-details-images-released-on-planning-site/?do=getLastComment

 

[Sampson]

Should've happened before the training ground tbh. The ground expansion actually brings in more money, the training facilites are just a lavish expense of little value.

[Spudulike]

2 hours ago, Tuna said:

Pointless unless in the Premier League.

When we return then it will be absolutely required and needs to go ahead in readiness,just like Fulham did and now reaping the rewards. 

 

Susan Whelan was asked this question at the webinar before planning approval was given and basically said that league status had no bearing on the plans. 

[shailen]

We may delay it and throw money to get back into the PL should we go down. 

[Gazza3]

If relegated then it’s the best time to do it so it’s ready for the premier league return 

[davieG]

King Power own the stadium and I presume the rest of the site not Leicester City Football Club so it's down to if KP still see the whole project as good financial investment. Bearing in mind the stadium expansion wasn't going to happen unless they had agreement for the rest of the build.

 

They've also already spent big on buying up the land and all the up to date development costs.

[OntarioFox]

It's not even really the ground capacity I'm most bothered about. Leicester is a ghost town when it comes to leisure and venues, so the creation of the adjacent complex is massively needed for the city as a whole.

 

If we lose that, we're only going to fall further behind regional alternatives as a place to come and spend time.

[The whole world smiles]

This is part of a bigger question which is probably the most important one for city fans irregardless of what happens Sunday which is "how ambitious are king power still when it comes to Leicester City. 

[gw_leics772]

2 hours ago, sacreblueits442 said:

...I would think that all eventualities would have been factored in, whilst drawing up the plans!!!

  The loan has been taken out and any further delay would be costing more money, with infrastructure the only project that it can be used for.

With the utmost respect, will it ****! 🤣 Maybe financially there will be a clause that the lender has in but our lot will likely have skimmed right over it. They clearly spent most of the season either thinking it was all fine or the strategy of crossing their fingers was found to be insufficient. 

 

Personally speaking, they can shive their shiny new east stand facade and extra seats to sit empty, right up their wazoo if we go down. 

 

I know there is ffp to think about but if they don't go balls deep on squad spending and coaching staff, but spend a fortune on this, I will be livid. And they wouldn't like me when I'm a tad miffed. Harrumph! 

[gw_leics772]

2 hours ago, ClaphamFox said:

The club is not going to pause it if we get relegated. The aim will be to return to the PL as soon as possible and take advantage of the extra revenues that a larger ground will bring. Abandoning the expansion now because we've been relegated would be a tacit admission that we've lowered our expectations and no longer have any ambition. That's not going to happen.

I don't need any more proof about the lowering of expectations after this season. 

[Fox92]

2 hours ago, Stevosevic said:

That’s not really true.

 

You build your stadium up for the next 50 years

But what? What if we don't go up again in those years?

 

Some of the biggest grounds in the Country are in the football league and don't get filled. Sheffield Wednesday, Port Vale, Cardiff. Don't want us to end up with a half filled big ground like this. Even Leeds never used to open parts of Elland Road up when they were in the Championship.

[wardyfox86]

2 hours ago, Sampson said:

Should've happened before the training ground tbh. The ground expansion actually brings in more money, the training facilites are just a lavish expense of little value.

Developing/attracting young players to sell for higher value would bring in potentially more money. Admittedly that hasn't happened yet.

[Pliskin]

27 minutes ago, OntarioFox said:

It's not even really the ground capacity I'm most bothered about. Leicester is a ghost town when it comes to leisure and venues, so the creation of the adjacent complex is massively needed for the city as a whole.

 

If we lose that, we're only going to fall further behind regional alternatives as a place to come and spend time.

That’s the big thing for me. That complex changes the entertainment scene. The city can finally host gigs, concerts and a whole manner of other events. It’s a huge plus. If I were them, **** the stadium off for now, and build this arena. Even in the championship that should be a good investment. 

[MattFox]

33 minutes ago, Fox92 said:

But what? What if we don't go up again in those years?

 

Some of the biggest grounds in the Country are in the football league and don't get filled. Sheffield Wednesday, Port Vale, Cardiff. Don't want us to end up with a half filled big ground like this. Even Leeds never used to open parts of Elland Road up when they were in the Championship.

Leeds were only averaging 21k 5-6 years ago

All came back out the woodwork though 

[Paninistickers]

Tempting fate here, but any spell out of the PL is likely to between 1 and 10 years. So investment in infrastructure is exactly the right thing to do. 

 

However, it's all very well having funding in place...but how do we pay it back? I was guessing from the get go the whole complex was to be funded by bonds - presumably from Chinese investors and/or overseas trust funds of 'unknown origin' .....hence why the development is retail/residential/leisure mix