SBD Global/January 3, 2018/Facilities

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  • Everton's New Stadium Costs 'Escalated Significantly' From Original Projections

    Everton confirmed the costs of its proposed stadium at Bramley Moore Dock have “escalated significantly” and the club now intends to move for the start of the '22-23 season, according to Andy Hunter of the London GUARDIAN. Everton in November agreed to a 200-year lease on the waterfront site with owner Peel Land & Property Ltd., "conditional on planning consent and securing funding for the construction." Funding and planning permission are "expected to be in place" early this year, along with publication of the stadium designs by Meis Architects, but Everton "will have to borrow significantly more" than the initial £300M projected costs of its new home. Everton CEO Robert Elstone confirmed the funding target "has escalated significantly." Elstone: "The premium for the waterfront site, an ambitious capacity that we will test with more rigor, a design we can all be proud of and the simple but painful impact of inflation have all contributed to an increased overall cost and a funding target which continues to grow" (GUARDIAN, 12/31). The BBC reported Elstone said that he believes a potential naming rights deal, sponsorship and bigger attendances at the new ground "will recoup" the club's investment. He said, "All our efforts during 2018 will be focused on meeting this challenging but achievable target. We are moving ever nearer to securing a significant proportion of the funding we will need to build the stadium." Iranian businessman Farhad Moshiri bought a 49.9% stake in Everton in Feb. '16 and "quickly outlined plans for a move from Goodison Park," which has a capacity of 39,572 (BBC, 12/31).

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  • Queen's Park President Hutchison Warns Scottish FA About Dangers Of Moving

    The SFA's 20-year lease at Hampden Park expires in '20.

    Ditching Hampden Park as its national stadium would leave the Scottish FA "at the mercy of those renting out their grounds," it was warned, according to Clive Lindsay of the BBC. The governing body is "considering its options" as its 20-year lease with Scottish League One club Queen's Park ends in '20. Scottish Premiership side Rangers' Ibrox Stadium, Celtic Park and Murrayfield are "among the alternatives." Queen's Park President Alan Hutchison said, "If they move out of Hampden, the SFA are in danger of leaving themselves hostages to Rangers and Celtic. And that, as well as losing the neutrality, to me means it's a no brainer -- Scotland needs a national stadium." The SFA board is due to meet in late January to consider its findings and "although no final decision is expected at that stage, it will shape Hampden's future." In addition to the Old Firm, Scottish Rugby has given a presentation about what it can offer at its own national stadium in Edinburgh (BBC, 1/1).

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  • Marylebone Cricket Club Could Sell Lord's For £2.5B, Build Multi-Sport Ground

    Victoria State Governor Lina Dessau suggested that the Marylebone Cricket Club sell Lord's and "build a new multi-sport stadium with the proceeds," according to Charles Sale of the London DAILY MAIL. Recent plans showed that Lord's is worth a "conservative" £2.5B ($3.4B) for residential housing "if sold in 25 parcels of land." The listed pavilion and main pitch would remain, "allowing low-key and ceremonial matches to be played there." With the "massive proceeds," the MCC could spend £500M ($680M) purchasing land elsewhere "for what would be the fourth Lord's cricket ground." Around £1B ($1.3B) could then be spent on building an all-purpose, 45,000-seat ground with a retractable roof, with £1B left to distribute among the MCC's 18,000 members, who would each receive around £50,000 ($67,986). Some members of the Lord's establishment have been in favor of "examining such a blueprint," including former Chair Michael Jenkins, who died in '13, and West Indies 1975 World Cup-winning captain Clive Lloyd (DAILY MAIL, 1/1).

    MCG GETS 'POOR' RATING: In Sydney, Peter Lalor reported the Melbourne Cricket Ground "copped a public shaming" over its highly-criticized pitch and has been instructed to fix it after being officially rated as "poor" by the Int'l Cricket Council. It is "very rare for a wicket to receive a poor rating" and it is understood to be the "first time it has happened in Australia." The venue is facing penalties which include a warning and a fine of up to A$20,000 ($15,663) "given together with a directive for appropriate corrective action." A repeat of the poor rating would result in the country's largest stadium being banned from hosting test cricket for 12 months (THE AUSTRALIAN, 1/2).

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