Football clubs large and small often believe that a new stadium is the answer to all their problems. A properly thought through project like the Emirates can contribute to a club’s standing and revenue stream. But all too often stadium projects are driven by considerations of prestige with the financial calculations based on hope rather than reality.
Football clubs large and small often believe that a new stadium is the answer to all their problems. A properly thought through project like the Emirates can contribute to a club’s standing and revenue stream. But all too often stadium projects are driven by considerations of prestige with the financial calculations based on hope rather than reality.
Valencia CF are €420m in debt and work on their Nou Mestalla stadium was suspended in February 2009. In the meantime, parts of the abandoned structure have been damaged beyond repair and the prospects of work starting again look bleak.
Where I disagree with this interesting review of the stadium issue is in relation to Liverpool. The club needs the Stanley Park stadium to generate gate revenue comparable to that of Manchester United. It’s not a question of choosing between the stadium and top players. What is needed is an owner who can fund the stadium.