NWHL stadium Costs

slartibartfast

Grunge baby forever
Joined
Oct 21, 2012
Messages
8,320
They'll do what they always do when reporting development costs. They'll quote an initial figure which is based on the build cost. Then in a few years, they'll come back and compare the initial build cost to an updated total development cost, so they can make it appear that there has been a huge, uncontrolled cost increase.
Am I right in saying you called this ages ago pre Brexit, our ground I mean. Sure I remember you saying it's gonna cost way more than figure being used.
 

sausage

Elongated Member
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May 17, 2018
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It has made a huge penny, more than 75% of the corporate areas sold, could be sold out by now and a huge increase in number of season tickets at vastly increased prices, all paid for upfront and in the case of the corporate areas with minimum commitments of 3 years.
Were you not the accountant? Granted I'm not one myself, but I know that you shouldn't count unfulfilled orders as "profit".
 

am_yisrael_chai

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Feb 18, 2006
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6,409
Were you not the accountant? Granted I'm not one myself, but I know that you shouldn't count unfulfilled orders as "profit".
Yes I’m a qualified accountant and news flash all Spurs need to do to earn the revenue is open the stadium. I’d say that was a certainty.
 

sausage

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May 17, 2018
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Yes I’m a qualified accountant and news flash all Spurs need to do to earn the revenue is open the stadium. I’d say that was a certainty.
and yet the stadium isn't open yet, so it's not "profit" on anything but the most reckless of balance sheets.


As I'll still maintain, the Stadium is yet to earn a penny - all the club have so far is orders.
 

chaching

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Joined
Aug 31, 2012
Messages
213
In pure accounting terms the profit will be released gradually after each game played in the new stadium or over time.
The balance sheet will show a huge amount of liability for the unfulfilled orders, and a huge current asset of the cash received. Cash is king.
 
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