Скачать презентацию Giants Park Community Stadium Sports Educational Скачать презентацию Giants Park Community Stadium Sports Educational

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Giants Park Community Stadium & Sports / Educational Village Potential for community shares issue? Giants Park Community Stadium & Sports / Educational Village Potential for community shares issue? Proposal; of Crusaders FC and Newington FC

Crusaders FC Background • Established 1898, proud working class institution • Became senior club Crusaders FC Background • Established 1898, proud working class institution • Became senior club 1949, replacing Belfast Celtic • League Winners 4 times, Irish Cup 3 times • Current Manager, 7 trophies in 7 years, • This Year: 3 rd Irish Cup Final in 4 yrs, League Cup Winners, SF Setanta Cup, UEFA qualification • Owned, run by fans, affiliated to Supporters Direct

What’s the problem (1) l l l Meet rising Standards: 2007 -08 League moves What’s the problem (1) l l l Meet rising Standards: 2007 -08 League moves to Licencing. Initial applicants ranked by points; Crusaders in 15 th place (12 team League) Debt: Owed £ 470, 000 – much to HMRC, Bank, Brewery No credit: At limits of borrowing with Bank (Bank a “zombie” bank) Needed an immediate £ 30 k to meet licencing criteria Needed around £ 100, 000 to take advantage of (to ‘match’) available grant aid

What’s the problem (2) Football is popular, but doesn’t pay: Except Linfield, barely a What’s the problem (2) Football is popular, but doesn’t pay: Except Linfield, barely a financially sustainable club in N. Ireland! Not an investable business l Island wide, “ 80% technically insolvent” , Drury 2008 l Standards Rising: IFA, UEFA, (AIPL? ). l Requires new model. MODEL NEEDS TO - Generate (non football) income & be sustainable - Embrace all communities, welcoming leisure venue - Local authority involvement / “buy in” - Community “buy in” - Sports development approach Crues / Newington proposal is that model ! l

What’s been done? Bond Scheme • • Bond scheme Base rate + 2. 5% What’s been done? Bond Scheme • • Bond scheme Base rate + 2. 5% Units of £ 250, no limit Payable within 3 years Bondholders unsecured 46 Bondholders Range £ 250 to £ 23, 000 • • - 28: amounts less than £ 1000 - 9 x £ 1000 or above - 3 x £ 5000 or above - 3 x £ 10, 000 or above • Ring Fenced to Ground Development Ø New 4 g artificial surface – opens stadium 7 days Ø New floodlights Ø New changing rooms Ø 2 new 830 seat stands (modular, moveable) Ø Renovated North Stand Ø New pitchside fencing Means Ø Welcoming, open Ø Better community club Ø Better Youth Academy Ø New Womens section Ø Better income streams

Progress, but Still Problems The Good • Technically Solvent: Debts still @ £ 470 Progress, but Still Problems The Good • Technically Solvent: Debts still @ £ 470 k, Asset net book value of £ 1. 4 m • Profitable for last 3 years • Shifted debt from “hard” creditors to “soft” creditors • Grant £ 400 k with Newington FC for “Mes Que un Club” • Aim at Survival for 3 years, then “New Stadium” The Bad & Ugly • Financially Precarious • Not Solvent, based on ability to meet liabilities as they arise • Cash Flow nightmare • Still over-paying players, based on basic trading • Still “footballers first” in creditor priority • Cash culture prevails • Still some dangerous “lights out” creditors • Still gambling on success

Giants Park Community Stadium & Sports/Educational Village A sustainable, shared sports ‘Hub’ in North Giants Park Community Stadium & Sports/Educational Village A sustainable, shared sports ‘Hub’ in North Belfast Proposal of Crusaders FC and Newington FC with Belfast City Council

North Belfast • • • Most segregated part of N Ireland 22 of 42 North Belfast • • • Most segregated part of N Ireland 22 of 42 NIO “Peace Walls” Highest “Troubles” related deaths Poor access to leisure facilities High levels deprivation

Ø Ø Ø 4000 - 8000 Stadium (UEFA, DDA Eco compliant) 3500 seat Indoor Ø Ø Ø 4000 - 8000 Stadium (UEFA, DDA Eco compliant) 3500 seat Indoor “Pro-Basket” arena & public ice-rink Sports Village: 100, 000 sq ft rental space Tertiary Education Block / “Hub” Belfast Met. Football Academy Signature Youthzone Soccer Dome / MUGAs Hotel & Retail International Centre of Excellence (? ) GAA 3 G pitch Adventure Golf PLUS - Global level media interest, 2000+ jobs Main Features

Sports Educational Village “A business park with a pitch in the middle” • 100, Sports Educational Village “A business park with a pitch in the middle” • 100, 000 – 120, 000 sq ft let space • Anchor Tenant: 3 rd level Educational) • Sports Medical Unit • Sports Retail Unit • Sports Consultancy Unit • College Coaching Unit • Scope for Council play, sport, leisure depts rental

SUSTAINABLE BUSINESS MODEL* Permanent Tenant (s) Stadium Company Balanced Revenue Streams Sports Events (10%) SUSTAINABLE BUSINESS MODEL* Permanent Tenant (s) Stadium Company Balanced Revenue Streams Sports Events (10%) Concerts/ Exhibitions (5%) Community Involvement and Events (5%) Business & Property – Leasing & Rental (80%) * This model stems from a ‘Global Model of Best Practice’ from research by University of Ulster

Overtly Cross Community ESSENCE OF THIS PROPOSAL Social Employment Enhancement Economic Sustainability Overtly Cross Community ESSENCE OF THIS PROPOSAL Social Employment Enhancement Economic Sustainability

Key Club Benefits Sports Development “Hub” : • Great playing/training facilities • Competitive advantage Key Club Benefits Sports Development “Hub” : • Great playing/training facilities • Competitive advantage • A welcoming stadium to be proud of, DDA, UEFA compliant, Eco-friendly • Improve attendances. • Wider usage for school, community, events • Create great media offices & hospitality space. • Commercial income - match day facilities and let rental units secures long term clubs’ future. • Sports Apprenticeships, on site Sports medicine • Governed by “Stadia Co” separate from Clubs !!!!!!

Community Shares ? • Developer to build whole scheme • £ 200 m total Community Shares ? • Developer to build whole scheme • £ 200 m total • Clubs can be “sweetheart” tenants, or • Clubs can “buy equity” • Crusaders can redevelop Seaview to clear debts • Clubs can now fundraise for equity • Community Shares, could lever in significant North Belfast “ownership” • Issued through clubs to maintain communal balance, eg - X shares Crusaders - X shares, Newington - Y shares, independent • Could lever access to stadia grant funding as part of equity

Next Steps Expression of Interest l Development Brief l Currently, due diligence l Council Next Steps Expression of Interest l Development Brief l Currently, due diligence l Council decision by September l Funding, Financing, Planning, Tendering & Build! l Quick decision and momentum important. THEN l Set up Stadia Co. l Community Shares issue l