Stadium Discussion

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Where Do You Want The Stadium?

  • Manhattan

    Votes: 54 18.5%
  • Queens

    Votes: 82 28.1%
  • Brooklyn

    Votes: 14 4.8%
  • Staten Island

    Votes: 6 2.1%
  • Westchester

    Votes: 18 6.2%
  • The Bronx

    Votes: 105 36.0%
  • Long Island

    Votes: 5 1.7%
  • Dual-Boroughs

    Votes: 3 1.0%
  • Etihad Island

    Votes: 5 1.7%

  • Total voters
    292

LionNYC

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CFG are selling a 10% stake for 500mil to Silver Lake, due to be announced this week. According to Financial Times, some of it will be used to fund the construction of a stadium in New York.

China Media owns 13 percent, Silver Lake owns 10 percent, so Abu Dhabi only owns 77 percent of CFG.

I can see them doing one more sale for around 10 percent in the next 3-5 years, if needed.
 
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derek_villa

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Some people don't remember but we had perfectly good tasting apples but threw them away and it wasn't even because CFG hates apples.
 
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LionNYC

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As well as buying a club in India, City fans should expect to hear movement, at last, on NYCFC’s long search for a permanent home in New York. Building in the Big Apple is not easy but the Major League Soccer club’s search for a site has been a tad embarrassing at times.

Sources at CFG say lessons have been learned and in board member Martin Edelman they have the best property lawyer in the Five Boroughs. Throw in Silver Lake’s network — they have a stake in Madison Square Garden — and you can start to see a way out of their very expensive groundshare with the New York Yankees, to a purpose-built, state-of-the-art stadium in America’s best sports market within three to four years.

NYCFC currently make a loss on turnover of £40 million. A new home and a much-improved MLS broadcast deal, which is a racing certainty, will transform that equation.


Wonder what lessons were learned? de Blasio is terrible...
 
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NYCFC_Dan

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As well as buying a club in India, City fans should expect to hear movement, at last, on NYCFC’s long search for a permanent home in New York. Building in the Big Apple is not easy but the Major League Soccer club’s search for a site has been a tad embarrassing at times.

Sources at CFG say lessons have been learned and in board member Martin Edelman they have the best property lawyer in the Five Boroughs. Throw in Silver Lake’s network — they have a stake in Madison Square Garden — and you can start to see a way out of their very expensive groundshare with the New York Yankees, to a purpose-built, state-of-the-art stadium in America’s best sports market within three to four years.

NYCFC currently make a loss on turnover of £40 million. A new home and a much-improved MLS broadcast deal, which is a racing certainty, will transform that equation.


Wonder what lessons were learned? de Blasio is terrible...
Seeing as how we are operating at a loss I’m sure CFG want nothing more than a permanent home and success for this club. I honestly thought we were making profit and they didn’t care as long as we are profitable. To find out we are in the negative and in part due to the stadium share changed my thoughts a bit. Still, transparency would solve just about any issues we have with the club.
also, 3-4 years means that just about everything is in place right? It’ll take just about 2-3 years to build the damn thing and about a year for all the lawyer stuff.
 

SoupInNYC

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HOW ARE WE OPERATING AT A LOSS
It can't be that surprising, right?

What was the number that was quoted for how much it cost to rent Yankee Stadium? $1m per game, right?

So that's $17m, plus $10.1m in guaranteed salaries last season. Plus probably around $10m in transfer fees last season. That's already at $37m+. Then factor in other operating activities, academy, coaches and support staff and training facility costs, front and back office support. Then add in either reasonable or "funny" (for FFP purposes) accounting for scouting network and other allocations, I'd be surprised if we were operating in the black.
 
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FredMertz

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No. They are selling like 2-3% of the ownership to hopefully fund a modernization of the rest of their economy. They see the writing on the wall — it may be 25, 50 or 100 years out, but oil will eventually be obsolete. If they want to survive and thrive they need to upskill their younger generations.

They are only selling $25 billion of equity in what they believe is a company worth $1.6 to 1.7 trillion.

Now back to stadium news...
They're going to blanket the Arabian desert in solar panels.
 
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FredMertz

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Syrians is a great work. Yeah, I know all about the fossils running out and needing to diversify (Russia is in the same boat) - hence comment about cashing out. One can’t fund what they need with private company stock transfers to contractors and suppliers and a workforce, hence the need for liquidity.

They’re also funding skirmishes in the region and again, and cash goes farther buying loyalty and proxies than a Schwab account transfer.
I think the latest thinking is that peak oil was bad science. The better technology gets, the cheaper it is to drill for crude that was previously believed to be too expensive to harvest.

Right now, the biggest threat to the middle east is American technology, which could permanently put downward pressure on oil prices by decreasing the cost to produce.
 

Ulrich

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I think the latest thinking is that peak oil was bad science. The better technology gets, the cheaper it is to drill for crude that was previously believed to be too expensive to harvest.

Right now, the biggest threat to the middle east is American technology, which could permanently put downward pressure on oil prices by decreasing the cost to produce.
Yep, except that all the fracking is gonna lead to a lot of polluted water systems and a shit-ton of seismic activity where none formerly was. So we’ll beat them down to manageable prices to drive our cars around a wasteland.
 

Kjbert

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It can't be that surprising, right?

What was the number that was quoted for how much it cost to rent Yankee Stadium? $1m per game, right?

So that's $17m, plus $10.1m in guaranteed salaries last season. Plus probably around $10m in transfer fees last season. That's already at $37m+. Then factor in other operating activities, academy, coaches and support staff and training facility costs, front and back office support. Then add in either reasonable or "funny" (for FFP purposes) accounting for scouting network and other allocations, I'd be surprised if we were operating in the black.
It’s impossible that we spent more than $45 million last year all in. Impossible.

So that article essentially tells us we made no money. £40 million loss is about $55 million in dollars. Give or take the month.
 

SoupInNYC

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It’s impossible that we spent more than $45 million last year all in. Impossible.

So that article essentially tells us we made no money. £40 million loss is about $55 million in dollars. Give or take the month.
Yeah, that's a large figure. But how is it out of the question that the club is operating at a loss? Again, I haven't seen anything to indicate at all that the club is close to breaking even at the moment. The TV dollars just aren't there yet.
 

sbrylski

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I also saw that it is going to go towards a better tv deal for the club? We leaving yes network?
I guess the restriction on signing local TV deals past 2022 applies to us and YES as well, yeah? MLS is bringing production in-house. Yet to be seen how they broadcast those games.
 
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Ulrich

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I guess the restriction on signing local TV deals past 2022 applies to us and YES as well, yeah? MLS is bringing production in-house. Yet to be seen how they broadcast those games.
They’re bringing it in-house and supposedly making camera locations consistent for all broadcasts. When I read that, I wondered if they specifically had a plan for YS to raise the sideline camera up because it’s distance/shallowness is what makes the broadcasts so bad by giving the appearance of a super-6 field. If they could fix that, it’d go a long way towards making our matches watchable from home.
 

Christopher Jee

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They’re bringing it in-house and supposedly making camera locations consistent for all broadcasts. When I read that, I wondered if they specifically had a plan for YS to raise the sideline camera up because it’s distance/shallowness is what makes the broadcasts so bad by giving the appearance of a super-6 field. If they could fix that, it’d go a long way towards making our matches watchable from home.
Tactical cam available on all games please.