I thought I'd look up who is paying for it. Seems like there's a magic money tree involved. Possibly could cost up to £150 million. These major construction costs never go over budget of course, so who knows?
https://www.oxfordmail.co.uk/sport/24171260.oxford-united-stadium-triangle-cost-150m/
This quote from the article would worry me.
"Then we create what we call a funding stack, and it will all eventually add up to whatever the budget turns out to be.
“In terms of the legal structure that it sits in, again it’s a process. We need to come up with what that funding stack looks like, and depending on that, there may be requirements of shareholders and lenders, as to what that legal structure looks like.
“Whether the stadium is in one company and the club operations are in another company, it may be a subsidiary company, it may be a sister company. That will depend on a bunch of bankers and lawyers figuring out what is the most optimum structure."
On the funding of the proposed stadium, he said: “Funders do not lend unsustainable debt. We would not get debt to cover the entire cost of the stadium because that would be deemed absolutely unsustainable.
“What that percentage is, I can’t tell you, but what I can say is that under no circumstances is there a situation where the club would be borrowing unsustainably because lenders simply do not allow"
https://www.oxfordmail.co.uk/sport/24171260.oxford-united-stadium-triangle-cost-150m/
This quote from the article would worry me.
"Then we create what we call a funding stack, and it will all eventually add up to whatever the budget turns out to be.
“In terms of the legal structure that it sits in, again it’s a process. We need to come up with what that funding stack looks like, and depending on that, there may be requirements of shareholders and lenders, as to what that legal structure looks like.
“Whether the stadium is in one company and the club operations are in another company, it may be a subsidiary company, it may be a sister company. That will depend on a bunch of bankers and lawyers figuring out what is the most optimum structure."
On the funding of the proposed stadium, he said: “Funders do not lend unsustainable debt. We would not get debt to cover the entire cost of the stadium because that would be deemed absolutely unsustainable.
“What that percentage is, I can’t tell you, but what I can say is that under no circumstances is there a situation where the club would be borrowing unsustainably because lenders simply do not allow"
Last edited:
