Did Arsenal build their Stadium just in time....?
Monday, 13 October 08, 10:57 AM · Comments(2)
I read the editorial of When Saturday Comes this morning in which it outlines the reasons why Arsenal did such a good job with the process and timing for the building of the Emirates Stadium. Although there must be some doubts over the ability to sell the expensive new flats at Highbury in the current environment the feeling is that the long term, low-interest loan may not inhibit the club a great deal. Of course, we also need to keep 60,000 people coming in every week and will corporations be willing to keep a £150k box in difficult times.
Having said that there are a lot of clubs who are struggling to either find the investment or make the plunge and spend on a news stadium in the current times. Both merseyside clubs, Everton (with a public enquiry planned) & Liverpool seem to be pushing back and pushing back any plans to build as have Portsmouth. Liverpool announced yesterday on their website that they have no firm date for starting the project.
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2 Comments · Add yours
I think we got in there just in time with the stadium & luckily the board kept Usmanov out as he seems short of money now and who knows what he would have done in that situation if he owned the club.
With my job in the building industry I was lucky enough to get into the stadium three years ago and see it being built. There were 400 carpenters on there at one stage. The only negative to the timing is that it was in the middle of the construction boom, companies could charge what they liked. Now there is little work in that sector the prices have dropped, so we may have paid over the odds. But balance that with the low interest loan, which we certainly wouldn't get now.