[Football] AFC Wimbledon hit financial problems with their new stadium

Lyndhurst 14 · Dec 3, 2019

AFC Wimbledon will need to find another £11 Million pounds to complete their new stadium or abandon some of the other facilities they wanted to have. That seems like quite a hike. The Contractors, Buckingham Group, are the same ones that built the Amex

http://www.constructionmanagermagazine.com/news/wimbledon-afc-struggles-pay-buckingham-group-compl/

Bry Nylon · Dec 3, 2019

Christ, who Project Managed that? Thomas off The Apprentice?

BOSH!

clapham_gull · Dec 3, 2019

I was outside on Friday - there is a small retail estate opposite. It's technically my nearest ground.

Couldn't make out the stadium - but the rest of the development is huge.

Worth nothing that if it wasn't for Bloom, we would have been in a similar situation with the Amex.

nicko31 · Dec 4, 2019

Hope they finf someone honest to plug the gap, they've been through so much...

Cowfold Seagull · Dec 4, 2019

Mustafa said:
Really hope they can do it. They need their own Tony Bloom.

A nice historic club, with a very shitty demise... but since then have rose from the Ashes.

Would like to see them in the Premier League again, one day. Would be a beautiful football story.

Agreed. More chance of them heading south out of the EFL than north into ther Premier League though, the way things stand.

Barham's tash · Dec 4, 2019

Sadly was always going to be the case without a major benefactor like Bloom.

Think from memory they revised the scope and quality twice before to trim costs and perhaps set the bar too high.

I wish them all the luck in either finding a benefactor or creating a business plan that works but hope above all else they do it at the right time when they can afford to in the way they want to rather than focusing on just getting it done at any cost.

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amexer · Dec 4, 2019

Sure there is a reason by why dont MK Dons now call themselves Milton Keynes

ozzygull · Feb 3, 2020

Looks like they are making progress

https://www.afcwimbledon.co.uk/news/2020/january/new-stadium-update-check-out-the-latest-video/

I really hope they complete it. I think this will be up there with the emotion that we experienced at the first game at the Amex. Not a dry eye

Bold Seagull · Feb 3, 2020

clapham_gull said:
I was outside on Friday - there is a small retail estate opposite. It's technically my nearest ground.

Couldn't make out the stadium - but the rest of the development is huge.

Worth nothing that if it wasn't for Bloom, we would have been in a similar situation with the Amex.

I don't know the ins and outs but I thought Martin Perry's great skill was planning these projects, establishing realistic achievable programmes and budgets, and delivering the project to time and budget. It's a lot easier if you can say it's going to cost £100m and the final bill is £100m.

That said, you can't always know you're going to dig up some ancient settlement remains, or unexploded ordinance, although 'planning' issues often seems a blanket term for applicants proposing say stonework or zinc cladding at the planning stage, then being taken aback when the planners don't let them have concrete blocks and profile tin sheeting in the construction phase.

Lenny Rider · Feb 3, 2020

Mustafa said:
Really hope they can do it. They need their own Tony Bloom.

A nice historic club, with a very shitty demise... but since then have rose from the Ashes.

Would like to see them in the Premier League again, one day. Would be a beautiful football story.

Perhaps Sam Hamman could give a donation, given what he eventually walked away with?

Lyndhurst 14 · Feb 3, 2020

Bold Seagull said:
I don't know the ins and outs but I thought Martin Perry's great skill was planning these projects, establishing realistic achievable programmes and budgets, and delivering the project to time and budget. It's a lot easier if you can say it's going to cost £100m and the final bill is £100m.

That said, you can't always know you're going to dig up some ancient settlement remains, or unexploded ordinance, although 'planning' issues often seems a blanket term for applicants proposing say stonework or zinc cladding at the planning stage, then being taken aback when the planners don't let them have concrete blocks and profile tin sheeting in the construction phase.

I think Martin Perry's connections with major construction (think he worked for McAlpine) was one of the main reasons for his appointment. Guessing there was also a good QS on board keeping Martin up to date with costs and giving him early warning of any potential cost increases / risks so they had the chance to look at value engineering and keeping on budget

Barham's tash · Feb 3, 2020

Really doesn’t sound promising. Quite staggered Buckingham took the contract on and started the build when funding is far from secure.

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Easy 10 · Feb 3, 2020

Its incredible just how often construction costs seem to spiral wildly out of control once a project gets the go-ahead. Its like the developers sucker in the clients with an estimate of X amount for the whole thing, then once construction is well under way, the teeth-sucking starts and they say "sorry guv, increased building costs...steel prices...winter weather...new H&S requirements...gonna need an extra £30 mill at least..."

Look at the state of HS2. Original budget - £56bn. Now it stands at £85bn. Give it another year and no doubt it'll surpass £100bn+. Mental.

Ernest · Feb 3, 2020

Should have stayed at their old ground

lost in london · Feb 3, 2020

Easy 10 said:
Its incredible just how often construction costs seem to spiral wildly out of control once a project gets the go-ahead. Its like the developers sucker in the clients with an estimate of X amount for the whole thing, then once construction is well under way, the teeth-sucking starts and they say "sorry guv, increased building costs...steel prices...winter weather...new H&S requirements...gonna need an extra £30 mill at least..."

Look at the state of HS2. Original budget - £56bn. Now it stands at £85bn. Give it another year and no doubt it'll surpass £100bn+. Mental.

HS2 is even worse than that - when they got approval in 2010 the budget was put at £30bn, report leaked a little while ago has it at £106bn, or £307m per mile.

edna krabappel · Feb 3, 2020

Easy 10 said:
Its incredible just how often construction costs seem to spiral wildly out of control once a project gets the go-ahead. Its like the developers sucker in the clients with an estimate of X amount for the whole thing, then once construction is well under way, the teeth-sucking starts and they say "sorry guv, increased building costs...steel prices...winter weather...new H&S requirements...gonna need an extra £30 mill at least..."
.

Where would Kevin McCloud be without a weekly project-threatening financial crisis though?

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Wozza · Feb 3, 2020

edna krabappel said:
Where would Kevin McCloud be without a weekly project-threatening financial crisis though?

Indeed. Assume someone's marriage is on the rocks due to stadium issues? Children suffering? Downgraded plans for gold taps?

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[Football] AFC Wimbledon hit financial problems with their new stadium

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