Chapter 419: Disagreement and Shelving
How much does it cost to build a new modern stadium? Depending on the size, location, design model, and other differences, the total price still fluctuates a lot, but if you look at the data on the new stadiums built by major European countries in the last decade, the estimated cost should be between 300 million and 600 million euros, and even that minimum is not something that the current Torino club can afford.
In the FM system, the latest assessment of the club, which has risen in terms of team results, financial situation and prestige in football in the past two years, is that it ranks 22nd among all football clubs in Europe in terms of overall strength, with an overall value of 412 million euros. The latter figures are not much different from the data released by KPMG, a world-renowned auditing firm, on the European Football Club Value List released by KPMG at the end of May last year, and can be said to be authoritative.
KPMG's research data is mainly based on the team's broadcast share, management ability, popularity, competitive potential and stadium ownership, etc., ranking first on the list of Manchester United 3.095 billion, followed by Real Madrid with 2.976 billion and Barcelona with 2.765 billion. The highest-ranked Italian team is naturally Juventus, ranked ninth, but his total value is only 1.218 billion, almost a little more than a third of the Red Devils, which looks a little pitiful.
The old woman's rivals in the same city have a even lower status on this list, due to the existence of a number of Premier League tycoons, as well as the reason that the current results are mediocre but the giants still exist, the Red Bulls' ranking in the club value list has dropped sharply compared to the power list, ranking only 48th, and almost falling out of the top 50.
So after hearing Urbano Cairo's proposal to build a new stadium, Li Mudi felt that his mind was a little confused, and even wondered if the other party had knocked something unclean and was talking nonsense there. Because this is really a little too unreliable, just like the Torino team said that they would buy Messi Ronaldo, it is too whimsical.
However, after subconsciously glancing at the senior management of the club who participated in the meeting, the Torino coach found that this was probably not a joke, because everyone was seriously thinking about the proposal thrown by the chairman, and no one showed a surprised or absurd expression on their faces, it seemed that they had all received the news in advance, and only Li Mudi himself heard it for the first time. Does this mean something? Even if he thinks he is quite broad-minded, the Torino coach at this time has to have some doubts in his heart.
The chairman of the club didn't know if he saw that the face of the head coach of the team was not very good, and then explained, saying that the topic of the stadium had been initially discussed at a high-level meeting with fewer participants two days ago, and it was not studied in depth, but it also made others have a little psychological preparation, and today is the issue officially put into the club's plan. This explanation seems to be intended to reassure Li Mudi that he may feel isolated, but whether it actually has an effect is unclear to anyone except the person concerned.
No one would raise a strong objection to the question of whether the new stadium should be built, and judging by the information prepared by the staff, the current Stadio Olimpico does seem to be a bit backward for a club that is already showing a revival. Because it is a comprehensive stadium that hosts sports meetings and various business events, the runway occupies a considerable amount of space, which makes the spectators' viewing experience very poor, and also seriously reduces the capacity of the stadium. In addition, the turf will be adjusted when the city ZF holds other events (it needs to be replaced as a whole during track and field competitions; Large-scale concerts have to build various stages on it, which is very harmful to the turf), which makes the club feel very inconvenient, so everyone will naturally not have any resistance to having a stadium that is completely owned by themselves.
Since there is no doubt about the first question, then the question of whether it can be repaired is next. Although the issue of a new stadium has just been brought to the table, Urbano Cairo, who has been prepared for a long time, has clearly drawn up the most preliminary plan, which lists several options for everyone to discuss.
First, the new stadium can be modeled after Juventus, the new Juventus Allianz Stadium is being rebuilt on the site of the original Alp Stadium, and the Torino club can follow the prescription and discuss with the city ZF to directly attack the Olympic Stadium. The advantage of this is that the cost of the land is not high, and it can be converted into shares and transferred to the city ZF, as long as the club has a dominant position, it is completely acceptable, and the investment cost of the new stadium is greatly reduced. But this idea is also the most unreliable, because after the loss of the old Alp, it is almost impossible for ZF Turin to transfer another large stadium to the club, so will it have to grovel and beg the club for favor when it comes to holding some events in the future? So this proposal was simply skipped.
The second alternative is located in a vacant lot between the city of Turin and the town of Moncalieri to the south, which was originally a ranch that has long since gone bankrupt and unmanaged, and it is very cheap to get ownership of the land. However, the disadvantage is also very obvious, that is, it is a little far from the city center, and fans need to spend at least an hour on the road to watch the game, which is very inconvenient. And the fact that the stadium is located outside the city means that it will have less influence on the fans in the city, and considering that Turin has only a little over 1.2 million people and one of the country's strongest competitors around, moving the stadium outside the city will obviously do more harm than good.
The final site in the northwest of the city is the stadium of the Politecnico di Torino, the world's top engineering university, the stadium of the university is not small, but it is too amateurish for the club to negotiate with the other party. However, the cost of this option is also the largest of the three options, and it is impossible to convince universities that are not bad at money to nod and agree without enough interest temptation.
Regardless of the final location, the Finance Department has come up with a total budget of between 320 million euros and 370 million euros, which is still the highest estimated crowd for a home match in Torino if the capacity of the new stadium is only 32,000 people. Even the number at the lower limit is impossible for the Red Bull to afford.
Don't look at the total value of the club given by KPMG has reached more than 400 million, but most of it is real and virtual, deducting the necessary expenses reserved for the second half of the season and the salaries payable by employees and players, the club can only use about 60 million euros at one time, half of which is saved by the team in the winter transfer window without major moves. In particular, the club still owes up to 40 million in loans to the bank and is in a far less favorable financial position than outsiders expected.
But building a new stadium doesn't have to be entirely financed, even Juventus, the richest in Italy, will take out a loan from a bank when making a big investment, and use other people's money to do its own thing, which is the mainstream concept in today's world. Obviously, if the Torino club wants to launch a big plan, it will have to rely on the banks to raise funds. This means that they had better repay the 40 million first, and then submit the plan to the bank, and after getting approval, they will get hundreds of millions of euros in loans, and the collateral will naturally be the newly built stadium. After taking out most of the profits of the next ten years and returning them to the bank, the days of tightening the belt expired from then on, and it was very bitter.
The first striking example is Arsenal, the Gunners have sold money and bankrupted their families in order to build the Emirates Stadium, but the team's results have been unsatisfactory in the past decade. If it weren't for the fact that the professor was still old and strong, it was just a luxury to compete for the fourth place every year, and the fans were still dissatisfied with shouting for him to get out of class, I really don't know if my brain was kicked by a donkey. Although it is true that the professor's on-the-spot command ability has declined significantly in recent years, and faint moves are frequent, considering the fact that the team's investment in reinforcements has been far behind by other strong teams in the Premier League, it is really chilling that Arsenal's poor strength should not be pinned on the legendary coach.
Returning to the Red Bulls, after carrying out the set of operations mentioned earlier, it means that the team will not be able to make big moves in the transfer market for the next N seasons. And the salary structure is also difficult to increase year by year according to the previous plan, that is, their attraction to free agents will not only plummet, but also increase the risk of other teams luring their own core players, after all, you can't match the conditions for people to offer high salaries to poach players, and the main squad will be dug up sooner or later, and even those good seedlings in the academy may not be able to be retained.
At that point, the team will completely collapse and still want to restore the glory of the Grand Turin era? If you can maintain a mid-table level in the league, even if you have a strong managerial ability.
So after figuring out Urbano Cairo's next plan, Li Mudi immediately objected, he did not think that the current Torino club had the strength to build a new stadium of its own, and questioned the necessity of it. The average attendance of the team's home games has indeed increased significantly, but there is still a certain gap from full capacity, and considering that the influence of the local team in the eyes of local fans and the number of Asian tourists cannot be maintained for the past two months, the Olympic Stadium will be enough to accommodate the needs of the fans in the stadium for the next five or six years, and the new plan is a pure waste of money.
Because he felt the great harm of this plan to the team, Li Mudi was a little too excited, and he didn't carefully consider the words when he put forward his opinions, and almost said all the negative factors that he could think of directly, and there seemed to be a hint of criticizing some people's blind delusions between the words, which made the atmosphere in the conference room cool down instantly.
However, he also ignored a time setting in the plan, as a well-known and successful businessman in Italy, how could Urbano Cairo be so unaware of the pros and cons. The president of Torino hopes to officially start the plan to build a new stadium in two or three years, although this is impossible for the coach to achieve, but because the two sides have not communicated privately, the two people have formed an irresolvable confrontation in the eyes of others.
Valentino Cairo hurriedly stepped forward to adjust the somewhat awkward atmosphere, although he agreed with his good friend in his heart, but his father was the emperor who could decide all the policies of the club, and even his grandfather could not interfere with his thoughts, let alone his own son. In order not to let the situation worsen, the club's marketing director had to sit in the middle, first saying that a new stadium is indeed necessary in the long run, but it should be treated with extreme caution and a realistic plan based on the club's financial development, which is what should be done now, and it is too early to talk about anything else.
The rest of the meeting did not express a clear opinion, but they all agreed with the club's crown prince's idea, and the meeting, which was supposed to boost everyone's morale in the chairman's mind, ended hastily. The new Grand Turin era stadium plan has been put on hold for the time being, but it is not known when it will enter the official plan, and it is unknown what everyone thinks, but it is certain that some people's mood will not remain calm.
As the head coach of the team, he is not qualified to have a voice on the operation of the club, and when Arsenal built the Emirates Stadium, Wenger did not have the right to veto, even though he has unrivalled influence in the team, but without equity he is limited to the team. Since the commercialisation of football, perhaps only Lord Ferguson has the qualifications and ability to influence major decisions at the club, such as when United sold their ownership to the Glazer family in the United States, who were able to beat rivals by co-opting their managers. However, in 2013, the retirement of Lord Ferguson was revealed to be forced by the Glazer family, and in front of the club owners, I really don't think that the team manager can have a high status.
Therefore, in the eyes of some people in Turin, Li Mudi's approach is somewhat inappropriate, he should not let the chairman not step down in front of the public, let alone make remarks that interfere with the club's major decisions, which can make the originally harmonious relationship with the chairman deteriorate sharply.
However, the two then met for dinner a few hours later, and in the reporter's report the next day, they showed a very good relationship with river crabs, almost dispelling everyone's negative conjecture. But no one has overlooked an important event, that is, the news that Li Mudi would renew a new contract that broke at the end of last year has not been updated until a few months later, and the inside story is actually worth discussing.