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Why couldn Highbury be extended?

April 26, 2017arsenal arsenal fc arsenal football club blog extended gooner gunner highbury thierry henry

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Why couldn Highbury be extended?

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Arsenal Stadium is located in a high density residential area therefore restricting the feasibility of increasing capacity. In the long term will Emirates Stadium be used for any other events? The Club has planning permission for a limited number of other non-footballing events to take place at Emirates Stadium. However, first and foremost the stadium is the home of Arsenal Football Club and the Club has no definitive plans with regards to non-footballing events at the present time. How are you funding the project? To finance this highly complex project, Ashburton Properties, a subsidiary of Arsenal Holdings plc was formed and obtained a £260million senior loan facility from a stadium facilities banking group. This banking group comprises: the Royal Bank of Scotland PLC, Espirito Santo Investment, The Bank of Ireland, Allied Irish Banks PLC, CIT Group Structured Finance (UK) Limited and HSH Nordbank AG. Interest on the senior debt is set at a commercial fixed rate over a 14 year term.