Purse strings loosen for SCP home revamp



Linkedin
Twitter

Budget for stadium construction raised Image: Preußenstadion, CC BY-SA 3.0

The 65 million euros earmarked for the renovation of the 3. Liga team SC Preußen Münster (SCP) home ground – the Preußenstadion in Münster, Germany – will be increased.

‘100PercentMySCP’ stated that in a meeting held recently the Council decided to increase the amount by 23 million euros to reach circa 88.57 million euros. The Council Members maintained that even after increasing the amount, it will be making a savings of around 1.5 million euros.

The SC Preußen Münster is a German sports club based in Münster, North Rhine-Westphalia, Germany, which is mostly recognized for its football section. The football team currently plays in the 3. Liga – the third tier of German football.

The 15,050-capacity Preußenstadion is a multiuse stadium in Münster, Germany. It serves as the home ground of the SC Preußen Münster. The record attendance for a match of Preußen Münster at the venue is around 40,000.

The 3. Liga is a professional association football league and the third division in Germany. In the German football league system, it is positioned between the 2. Bundesliga and the fourth-tier Regionalliga.

‘100PercentMySCP’ further stated that the increase in the budget is likely related to the offers available from the total takeovers, i.e., those companies that will later renovate the stadium from a single source. Their price proposals during the award process had obviously exceeded the previous limits so that an increase in the budget becomes inevitable.

A statement sent out by the City stated, “The additional 23 million euros include services from the main contractor, downstream expansion services carried out by the 3. Liga team SC Preußen Münster as well as the development measures and building owner costs. By increasing the City’s budget and the funds provided by the Preußen Münster, the economic viability and functionality of the stadium are ensured even after the savings have been made.”
 
Two important factors could go in favor of the SC Preußen if the following steps are initiated:

  • The capacity of the planned North Stand should not be reduced and should remain the same as the present stand so that the number of boxes remains the same; and
  • The East Curve should be accessed as planned through mouth holes that should be built at the bottom, instead of in the middle, otherwise it will prove to be an eyesore and will also make the ambience of the venue less inviting.

 
The statement sent out by the City further read, “The above savings mentioned does not mean it will compromise on the planned renovations of the stadium and the rejig work will proceed as per the requirements of a second division team. The renovation works will also include the venue producing surplus electricity.”

It is reported that the SC Preußen Münster will have to pay a significantly higher rent in return. The City of Münster could provide advance financing for certain redevelopment work such as the expansion of the business area. For the Prussians and the City, this involves costs of up to 10 million euros, which the club would have to cover in the “long term”. The lease payments in the 2. Bundesliga would be significantly higher as the SC Preußen Münster has a chance to be promoted to the 2. Bundesliga for the first time since 1991.

The SC Preußen Münster is named after Prussia. The club was founded in 1906 as FC Preußen and historians believe that the club was named after Prussia for patriotic reasons. The club’s logo includes a Prussian eagle surrounded by a wreath.

Prussia was a German State located on most of the North European Plain, also occupying the Southern and Eastern regions. Prussia was officially abolished in February 1947.

The renovation works of the above facility would also include installing green roofs to switching to solar power to keep the sustainability quotient high.

The statement sent out by the City concluded, “The exercise to pick up firms for the renovation work cannot start immediately as the City of Münster is still in contact with the tax office regarding the so-called input tax deduction entitlement. The tax procedure for this has not yet been completed.”

Sources stated that the tax work should have been completed long back and there has been a lot of “foot-dragging” over the same.

Continue to follow Coliseum for latest updates on venues business news. Coliseum is dedicated towards building the best global community of sports and entertainment venue executives and professionals creating better and more profitable venues.

Become a member of the only Global Sports Venue Alliance and connect with stadiums, arenas and experts from around the world. Apply for membership at coliseum-online.com/alliance and make use of the 365Coliseum Business.

Watch 250 member-exclusive videos with valuable tips for your venue



« Previous News:
» Next News:


Advertisement Coliseum GSVA News Banner - MatSing
Advertisement Coliseum Summit news banner - NEXO