Lauren Meldrum’s Post

Today’s sports stadiums face new challenges, and many require redevelopment to make them fit for modern events and audiences in a diverse, sustainable way. Will Goring of Turner & Townsend alinea and Philip Johnson of Populous outline the issues and present a cost model of a typical stadium redevelopment https://lnkd.in/eCmeCYyS

We maybe on a different level but we are often asked why we are investing in what we can do at the stadium - the latest being the addition of a hotel which will open next month - as opposed to more on players. The answer is simple, we need to use the stadium to make money to allow us to be more succesful on the pitch. This article shows that the big boys uderstand this very well and it is important that we also sweat the asset as much as we possibly can.

Will Goring, UK Head of Sports at Turner & Townsend alinea, recently talked to Building Magazine about the current challenges sports stadiums face with sustainable redevelopment. Owners of sports venues often face immense pressure to redevelop venues to continue attracting top sporting events. However, this can often be a complex task and refurbishment is seen as more desirable as it enables the venue to function normally throughout the work. In this article, Will and Philip Johnson , Senior Principal at Populous discuss how to successfully achieve redevelopment by outlining several factors project teams must address regarding design considerations, and how stadium owners can enhance their venues. They also spotlight the recent procurement trends and provide an example of a cost model for stadium redevelopment. Read the article: https://bit.ly/3I5uP1D #stadiums #CostManagement #construction

Interesting deep dive about sports venues development strategy in the big 5 european football leagues. A multifunctional and comfortable venue play a game-changing role in every Club’s business model. Italy has the big opportunity to plan the renewal of obsolete venues and build new ones. For me, 4 pillars must drive the next-gen stadium product strategy: - modularity - technology for mantaining optimal pitch conditions in every venue configuration - high-level experience offers for each users target - sustainability & strong link with community Time of “waiting and see” is gone.

✍🏻 This week, for Serie All, I looked at the impact of owning a stadium for professional football clubs. Here's what I found: 📍 Strategic Asset: stadiums have become a pivotal strategic asset in boosting balance sheets and increasing long-term club value through tangible and intangible benefits. 💰 Revenue and Branding: stadiums have increasingly dual roles in generating revenue through matchday and non-matchday activities while also enhancing the club's brand and fan engagement. 🇮🇹 Challenges in Italy: significant socio-political and financial challenges stand in the way of clubs owning stadiums in Italy — where only 7 clubs own stadiums at the time of writing. Read more at: https://lnkd.in/d7sVQTVP

Newcastle United Football Club gearing up for stadium expansion decision Newcastle United will make a decision on expansion of the club’s St James’ Park home in early 2025, members of the Fan Advisory Board (FAB) have been told. The FAB is a nine-person supporter board that was officially unveiled in November 2023 as part of the club’s wider Fan Engagement Plan. During last Monday’s online meeting, a number of representatives from FAB were joined by Chief Operating Officer, Brad Miller, Chief Commercial Officer, Peter Silverstone and senior representatives from the club’s supporter services, communications and commercial venue teams. Miller delivered an in-depth update on The Premier League club’s stadium feasibility work to FAB members. As part of a comprehensive presentation, the club outlined that the study has now entered a crucial second phase, with more detailed analysis currently taking place to investigate project-related risks and opportunities before a decision stage in early 2025. Miller said: "This is an exciting but extremely complex project, and I’d like to thank supporters for their patience as we conduct this key phase of the feasibility process. We aren’t quite at a decision-making stage yet, but we are targeting the early part of 2025 to complete the next essential tasks. "We know what a transformed St. James’ Park would give us and we now have a significant amount of data and feedback on our stadium footprint and surrounding area, so we are several steps forward. "But it is also clear that this option has several risks associated with it, so we need to fully analyse those risks against the opportunities to reach truly informed and intelligent outcomes." Newcastle United has taken on CAA ICON to conduct a feasibility study of future options for St. James’ Park. For the full story, go to: https://lnkd.in/e-BwPuRn #NUFC Commercial Venue Director, Yvette Thompson, sits on the SVB LIVE Expert Council. #sportsbiz #sportsindustry #stadia #StadiumDesign #fanengagement #footballbusiness #PremierLeague #PremiumExperience #SportsVenueBusiness Sports Venue Business #SVBLIVE John Sheehan Cassandra Calleja The Sports Networker David Hall

Transforming Football Stadiums into Multi-Purpose Venues: A Game-Changer for Revenue Growth The evolution of football stadiums into multi-purpose venues is a strategic move that has revolutionized the business model of sports clubs. Two prominent examples of this transformation are Tottenham Hotspur and Real Madrid, whose innovative stadium designs have significantly boosted their revenues. Tottenham Hotspur's Stadium: A Model of Innovation Tottenham Hotspur's state-of-the-art stadium is not just the home of thrilling football matches but also a hub for NFL games, concerts, and other major events. Recently, Spurs even opend an F1 Karting track in the stadium. The unique sliding pitch design allows for a seamless transition between sports, ensuring an optimal experience for all. This versatility has led to a remarkable increase in revenue, with total revenue up by 23% to £444m in 2022 and a further increase to £549.6m in 2023. The club's ability to host diverse events has been a critical factor in securing the stadium's financial future. Real Madrid's Santiago Bernabéu Stadium: A Cultural Icon Reimagined Real Madrid's iconic Santiago Bernabéu Stadium has undergone a significant transformation, now featuring a retractable roof and a pitch removal system to accommodate large-scale events. This modernization has elevated the stadium to a multi-purpose event temple, which is expected to contribute €150 million per annum of additional revenue to the club who has managed to book a revenue of €843m in the 2022-23 season and set at the Top of Deliotte's Money League Table. The club's forward-thinking approach to stadium utilization is setting a new standard for sports venues worldwide. The shift towards multi-purpose stadiums is a testament to the clubs' commitment to innovation and financial sustainability. By diversifying their offerings, Tottenham Hotspur and Real Madrid have not only enhanced the fan experience but also created new revenue streams that bolster their financial prowess in the competitive world of sports. #SportsBusiness #StadiumDesign #Innovation #TottenhamHotspur #RealMadrid #RevenueGrowth