Check the last year's accounts and you'll see there is not much of exceptional (one off items there), it's about 3m.
A quick simple calculation on your 500m investment in the stadium over 30 years: Yearly Capital repayment 17m, first year interest 4% - 20m, let's average capital and interest repayment over 30 years (first year + last year divide by 2, (17+20+17)/2, ie 27m yearly. Yes, inflation will increase our revenues but also our costs including interest too, so in present value let's assume the same. In your plan additional revenues (compared to a refurbished stadium) could come up only as from year 11 and additional investment will be required for additional seats (above the 60k) and nobody knows if there will be enough of match going fans then. Simple maths for me unless you can come up with other figures.
Yes United's bigger stadium contributes to much higher revenues but they never spent in a brand new stadium and have been adding seats at minimal marginal costs. So you just have a vision without anything to back it.
As an accountant Vish reading the clubs accounts I would not even bother refurbishing the stadium. But football clubs accounts are a mystery probably no premership club at all or any club for that matter is solvent. Whereas the 2013 exceptional costs are not high there are significant losses on disposal of players. What I do know about football clubs accounts is you cannot take a single years trading and extrapolate it the accounts are extremely variable. Based on B/E payback to year 11 that to me seems very reasonable given a stadium lasts for 100 years or more. Nor do the numbers allow for business growth (none matchday) surely this is ultra coinservative especially as we are back in the chamopions league. You could argue we can't guarantee being in the champions league ansolutely not but we have to assume we will be (Arsenals model did) otherwise we plan ahead on the lowest denominator and we know where that will end up. No business I know plans like that otherwise you would never achieve anything planning to fail you plan for success and growth. Liverpool's debt is tiny relative to other clubs whereas thats good we are under levered and we have capacity to borrow to achieve growth. Based on those assumptions and numbers a new build is easily acheivable in the long term (30 years) which is what I have consistently said.
So your response is don't trust the accounts and Arsenal did it so we can. I maintain you don't know what you are talking about out of passion and I mainatin our cash flows cannot allow a new stadium or we become uncompetitive if we do not go bust (even over 30 years). Arsenal acheived it through CL (but won nothing) and selling players when City was nowhere near top half of the table, now we have 5 or even 6 clubs competing. We need an additional 25m gross profit which we do not have. I am done because you just talk talk and nothing to back it up.
