Years before Tottenham Hotspur Stadium started rising like a spaceship in north London, planning on how to finance the structure was underway nearly 3,500 miles away. “Before starting the financing we had discussed project finance with Greg and walked through a number of models and ways to securitise revenues and best approaches,” said Matthew Collecott, Tottenham’s operations and finance director. The stadium is part of a redevelopment project that includes 222 homes designed as affordable housing and a new school. “There are three risks you have: Construction risk, completion risk, and revenue risk,” he said. And if you take a look at the revenue projections of new stadiums or renovated stadiums, you don’t miss by much.”

Source: Irish Examiner April 02, 2019 22:52 UTC