New Stadium Details And Discussions

[Spursidol]

EXCLUSIVE: Why The New Stadium Has Stalled

Posted by: Harry Hotspur March 26, 2014 in Tottenham Hotspur 4 Comments

My thanks to a relative of family that own Archway Sheet Metal for getting in touch.

My take on this whole business is that nobody from Archway can recall the time that they placed a note on the gates of this business, saying “We’d like to relocate – tenders welcome.’

Of course, nobody can remember that happening, because I just made that scenario up.

Where we are at with this is that Archway have lost their appeal against the CPO and it has cost them a packet. The grim reality of the protracted litigation that Archway has been forced to undertake, simply in order to protect itself from ENIC, has left the business with legal costs in excess of £500,000.

My understanding is that the family are now exploring other routes in order to safeguard all that they have achieved.

Another option are the European Courts, but again, this will incur phenomenal expense.

What was offered by ENIC was manifestly inadequate. The family voted, and the vote was in favour of standing against the assault upon their business.

The head of the family is a 70 year old gentleman who, quite frankly is utterly disinterested in applying for a loan in order to relocate his business.

Wha? A loan? I here you say… but surely these Archway mob are on a Lottery Win here? Surely the only worry this lot have is what colour Ferrari to order?

Heh.

Please.

Stop.

The deal that Archway have on the table at the moment from ENIC is the relocation of the business to a block of land that ENIC own further down near the North Circular, with all costs covered plus planning expenses paid to build a new factory.

BUT.

Archway would then have to fund the cost of building a new factory and all other associated building works costs, from scratch. This is a huge amount of money.

Yes, the land being offered is significantly bigger than where Archway are, but how does that benefit them when they’re faced with a well of debt in order to just reproduce what they have currently? The offer isn’t bad, but Jesus wept, it isn’t good.

A Ferrari? With ENIC writing the cheques, this lot will go from owning a modest, happy going family concern, to scanning the local paper for deals on previously enjoyed Micras.

The family that own Archway are in actual fact, quite possibly, precisely the type of people that ENIC and THFC and Boris have all referenced in their new world order for Haringey. Hard working types who will play their part in the regeneration of the community.

So what do ENIC have planned for Archway Sheet Metal works?

Yup, you got it. A Levyesque deal that leaves them worse off than they were, before they met them.

What a load of BS.

The CPO regime means that Archway will be paid 'market value' as Levy (as any businessan would do to try to get the thjng done quickly) will know and he will have made a sensible offer (probably a bit above market value) before the CPO process started - I've seen ITK here of £3.5m but the preciose quanyum - who knows.

Spurs have also obtained planning permission for a new site at 500 White Hart Lane - so a stones throw away for the precise purpose that Archway could not claim that their business was being destroyed by relocation.

Archway Stell has (as I understand it) launched legal objections and campaigned against Tottenham's regeneration - to be clear its NOT against the amount they would receive - and I wonder if they have spent ridiculous amounts on kegal fees etc ?

Its not been reported that Eric Pckles has signed the CPO but I imagine its simply a question of time, and TBH I cannot see the basis hat Archway could appeal - although they migh try. But unless they do 'win' the leal appeal then they will probably not get back the legal fees. But they will get 'market value' for the property. Archway's problem may well be that that they have over played their hand - by rejecting Levy's offer they will be awrded the market value for their property, which might well be lower than Levy's offer, and have no way to recover their legal fees. But that is the same as anyone else taking on a legal case - if you don't have a good case you will lose and you have to pay your legal fees.

Butr coming back to HH - its contrary to all the bits of information we think we know :
1. Spurs obtained planning permission to 500 WHL (Source Harringay Planning), so HH's 'near the North Circular' is a load of bull
2. It has not been reported that Pickles has signed the CPO - so Archway cannot be appealing it
3. By LAW when the CPO is enacted Archway will receive the market value for their property (and any surveyor will be able to tell them that within a narrow value range) - its not a casino win, its the market value. More fool them if its lower than the amount previously offered by Levy.

So ignore HH whether for ITK or stadium info

 

[Spursidol]

If what Harry Hotspur claims about Spurs' offer to Archway was true, then I find it impossible to believe that Archway wouldn't have won their appeal against the CPO.

So, at best, I would say that this story contains half truths and that this Archway family member has conveniently omitted a number of facts about the offer (and about Archway's own actions since first being made an offer for their property) which would paint the whole affair in a rather different light.

Archway's complaints about the CPO are NOT to do with the value they would receive, it can only be whether the reasons why the CPO was issued arre valid.

Assuming the CPO is signed and there are no further appeals it will be Archway;'s surveyor talking to Harringay's surveyor about the market value of Archway's property (and withinn a relatively narrow range of values that's pretty straightfoward) . But as I've said elsewhere, most businessmen (so almost certainly including Levy) will have pitched Archewayt an offer in excess of the market value in order to avoid the time delay and cost of a CPO.

HH is (at best) Half truths,

 

[spursfan77]

I don't see why the Council would want to freeze us out.

Well, they haven't really been that much help so far.

 

[absolute bobbins]

Well, they haven't really been that much help so far.

David Lammy and Boris Johnson are the only politicians who've been trying to move this forward, seems like they're the only political stake holders without shit for brains.

 

[Harry Barber]

Archway's complaints about the CPO are NOT to do with the value they would receive, it can only be whether the reasons why the CPO was issued arre valid.
HH is (at best) Half truths,

Agree. A lot of what HH says will become truth - in the future. The Archway know this. So it wouldn't surprise me if his info came from one of them.

 

[Spursidol]

Agree. A lot of what HH says will become truth - in the future. The Archway know this. So it wouldn't surprise me if his info came from one of them.

HH B/S has never come true in the future after being B/S in the present. So I doubt if anything will change with this one either !

 

[jimbo]

Given the CPO is in play and the costs and delay have already been incurred I'd be revising my offer downwards if I was Levy. Perhaps Archway Sheet Metal took the gamble too far, are now set to lose out, and that's how this article comes about.

Pure speculation on my part though.

 

[Harry Barber]

HH B/S has never come true in the future after being B/S in the present. So I doubt if anything will change with this one either !

I guess we'll just have to wait and see...

 

[markiespurs]

Given the CPO is in play and the costs and delay have already been incurred I'd be revising my offer downwards if I was Levy. Perhaps Archway Sheet Metal took the gamble too far, are now set to lose out, and that's how this article comes about.

Pure speculation on my part though.

Knowing Levy, he'd probably lower the offer and pay in instalments

 

[Spursidol]

Given the CPO is in play and the costs and delay have already been incurred I'd be revising my offer downwards if I was Levy. Perhaps Archway Sheet Metal took the gamble too far, are now set to lose out, and that's how this article comes about.

Pure speculation on my part though.

My thoughts too, reasonable speculation imo

 

[Spursidol]

Knowing Levy, he'd probably lower the offer and pay in instalments

Maybe but he's still got to pay 'market value' which stands up to outside independent scrutiny

 

[absolute bobbins]

The identity of Harry Hotspur's source has just been leaked to me

Spoiler

or should that be sauce?

 

[beats1]

I for one am disappointed the stadium isn't being redesigned I had great idea for a great design but don't have the time to make a 3d render using CAD but for me the stadium has to have the following

North Stand 2 tier stand
South Stand huge kop end
East stand 3 tier stand
West stand 2/3 tier stand

The corners would also be smaller and have 4 bigger stands probably similar to the Liverpool Stanley park concept which HKS designed.

I would also have the flagpoles on the west stand just because the history of stadium, since that is where the nazi flag was flying over WHL before being taken down by a guy whose name I forgot.

I would consider having a franchise operate in the stadium, similar to they do in America and at derby and have the stadium open with some Dallas style doors and be open during the week the for the college and apartments to potentially use.

To be honest been really disappointed with our design and I do laugh when we say its a world class design with the aim of being one of the best in Europe.

 

[jambreck]

I for one am disappointed the stadium isn't being redesigned I had great idea for a great design but don't have the time to make a 3d render using CAD but for me the stadium has to have the following

North Stand 2 tier stand
South Stand huge kop end
East stand 3 tier stand
West stand 2/3 tier stand

The corners would also be smaller and have 4 bigger stands probably similar to the Liverpool Stanley park concept which HKS designed.

I would also have the flagpoles on the west stand just because the history of stadium, since that is where the nazi flag was flying over WHL before being taken down by a guy whose name I forgot.

I would consider having a franchise operate in the stadium, similar to they do in America and at derby and have the stadium open with some Dallas style doors and be open during the week the for the college and apartments to potentially use.

To be honest been really disappointed with our design and I do laugh when we say its a world class design with the aim of being one of the best in Europe.

The stadium is being redesigned.

KSS are no longer on the job. And whatever official club sources might be claiming, every other reliable source insists that the redesign is more than a mere tweaking of the stadium interiors.

 

[beats1]

The stadium is being redesigned.

KSS are no longer on the job. And whatever official club sources might be claiming, every other reliable source insists that the redesign is more than a mere tweaking of the stadium interiors.

I know mate but that guy was alluding to an exterior change. Personally I think its lacking in many aspects, though the design did work much better in the Stratford design.

But for me new WHL has to be a proper 4 stadium (that doesn't mean it cant be bowl as look at the Stanley park design)

 

[Matty-spurs]

Finally an update from the club. http://www.tottenhamhotspur.com/news/financial-results-shareholder-and-stadium-update-020414/

 

[LeSoupeKitchen]

Finally an update from the club. http://www.tottenhamhotspur.com/news/financial-results-shareholder-and-stadium-update-020414/

Such a relief to finally hear something. I'm not a Levy fan but I'm not sure I'd want anyone else in charge of the club when going through the process of building a new stadium.

 

[Darragh]

Such a relief to finally hear something. I'm not a Levy fan but I'm not sure I'd want anyone else in charge of the club when going through the process of building a new stadium.

Far from levy fan myself but I'm guessing this statement just a gentle reminder to those who make decisions about CPo etc etc as well as government to give it a push along and get cracking

 

[Grey Fox]

We should all be writing to Eric Pickles and asking why the fat **** hasn't made a decision yet on the CPO, it was due at the end of February when he pulled off to cock up the flood enquiry. In all seriousnes the only way i will be going to the new ground at this rate is if my ashes get scattered there.

His e-mail address is [email protected], go on do it and tell the waste of space if he doesn't get a move on the conservatives won't be getting your vote. I have today and waiting for the **** to respond, perhaps if he got hundreds of e-mails flooding his in box he might act.

 

[Lilbaz]

We should all be writing to Eric Pickles and asking why the fat **** hasn't made a decision yet on the CPO, it was due at the end of February when he pulled off to cock up the flood enquiry. In all seriousnes the only way i will be going to the new ground at this rate is if my ashes get scattered there.

His e-mail address is [email protected], go on do it and tell the waste of space if he doesn't get a move on the conservatives won't be getting your vote. I have today and waiting for the **** to respond, perhaps if he got hundreds of e-mails flooding his in box he might act.

Sent mine. Just said that there were a million spurs fans who would lynch him if he didn't get a move on.