Kaunda Ultra modern Stadium: Yanga Wet Dreams or a Realistic Project?

[Lonestriker]

[h=3][/h]
Young Africans,popularly corrupted as Yanga is arguably the most supported and followed club in Sub-saharan Africa when it comes to match attendances. This season alone Young Africans have averaged an attendance of around 14,000 fans .Forget about the super-rich South African giants of Kaizer Chiefs,Orlando Pirates and Mamelodi or the fanatically followed Gor Mahia,when it comes to match attendances Yanga is way ahead. At times Yanga matches attract more fans to the stadium than the national team as witnessed this season. For example, while the national team attracted 32,000 fans for the Morocco game in Dar, Yanga attracted more than 39,000 fans against Azam Fc played at the same venue.Yanga hosted Simba in the first Dar Derby of the season managing to draw in 55,000 fans.


Though Yanga and Simba have polarized Tanzania into two sets historically Yanga has had more fans than Simba despite both being equally successfully in the domestic football scene. After over 40 years of begging and surviving on hand outs and dubious promoters and sponsors Yanga want to tap into their huge fan base to construct a 40,000-seat stadium . It is a major step forward that was long due.


As it is often, the devil is in the details, the idea is a noble one but the financial details are too unconvincing. Many of us have questioned the wisdom of constructing a stadium of that capacity considering the costs involved. It will be a miracle to attract a sponsor or get a loan to finance the project. Where will they get the collateral needed to secure a loan? Will tycoon Yusuph Manji dig deep into his pocket to finance the project?


They have insisted that they will obtain the needed funds from the huge fan base,but will it be enough? Let it be remembered even in the construction of the new national stadium,the Tanzanian government depended on Chinese ‘aid’. Apparently the Chinese government funded the construction of the national stadium to the tune of over $33 million out of the over $56.4 million spent .


To construct a 40,000-seat stadium would probably cost more than $50 million bearing inflation cost and taking a look at a few similar projects in Africa. The 44,000-seat Levy Mwanawasa Stadium in Zambia cost around $60 million. Even the 19,000-seat TP Mazembe stadium has been reported to cost over $35 million. The TP Mazembe stadium was funded by Moise Chapwe Katumbi who harbors political ambitions as well as having a deeper love for football since childhood than it can be said of Yusuph Manji. Katumbi played football up to his 20s before injury ended his football career coupled with his political ambitions it is easy to see why he is pumping money into grand projects for TP Mazembe. The club is a fulfillment of his childhood dreams as well as a huge political investment.


Yusuph Manji is no fool who will soon part with his money for such an ambitious project. What has he seen that we have failed to see, that has apparently convinced him to fund the project? You do not become a billionaire by making empty statements so we just have to leave it to to him for he is the deal-maker and he seems to know more than we know though many are still skeptical that the project will be funded by the members and the fans to a greater proportion. A two year project that cost more than $50 million can hardly be funded by fans who pay less than $4 per match and members who collectively contribute less than $1000 per month.
Source Tanzanian Soccer: Kaunda's Ultra Modern Stadium:Yanga wet dreams or a realistic project?

 

[Yombayomba]

Gharama za ujenzi zinategemea mambo mengi, uwanja wa Taifa dar es salaam, ambao unachukua watu 60,000 gharama yake tulivyoambiwa ni $35 Milion. Sasa huo uwanja wa TP Mazembe unachukua watu 19,000 una nini cha ajabu mpaka ugharimu $35 Milioni?

 

[Sibonike]

Gharama za ujenzi zinategemea mambo mengi, uwanja wa Taifa dar es salaam, ambao unachukua watu 60,000 gharama yake tulivyoambiwa ni $35 Milion. Sasa huo uwanja wa TP Mazembe unachukua watu 19,000 una nini cha ajabu mpaka ugharimu $35 Milioni?

Gharama za uwanja zinategemea vitu vingi sana ukiacha idadi ya watu wanaoweza kuingia. Gharama za vifaa vya ujenzi, vinatoka wapi kwa mfano. Je utakuwa na paa la kufunika sehemu tu au uwanja wote na sehemu ya VIP tu. Vifaa gani vya mawasiliano vinawekwa, vya wapi, ni akina Sony au Panasonic original au vingine vya daraja la chini. Ni uwanja wa mpira pekee au kuna sehemu ya riadha. Mpaka aina ya viti vinavyowekwa.
Kwa hiyo mambo yote hayo ndiyo yataamua gharama yake.

 

[Sibonike]

Young Africans,popularly corrupted as Yanga is arguably the most supported and followed club in Sub-saharan Africa when it comes to match attendances. This season alone Young Africans have averaged an attendance of around 14,000 fans .Forget about the super-rich South African giants of Kaizer Chiefs,Orlando Pirates and Mamelodi or the fanatically followed Gor Mahia,when it comes to match attendances Yanga is way ahead. At times Yanga matches attract more fans to the stadium than the national team as witnessed this season. For example, while the national team attracted 32,000 fans for the Morocco game in Dar, Yanga attracted more than 39,000 fans against Azam Fc played at the same venue.Yanga hosted Simba in the first Dar Derby of the season managing to draw in 55,000 fans.


Though Yanga and Simba have polarized Tanzania into two sets historically Yanga has had more fans than Simba despite both being equally successfully in the domestic football scene. After over 40 years of begging and surviving on hand outs and dubious promoters and sponsors Yanga want to tap into their huge fan base to construct a 40,000-seat stadium . It is a major step forward that was long due.


As it is often, the devil is in the details, the idea is a noble one but the financial details are too unconvincing. Many of us have questioned the wisdom of constructing a stadium of that capacity considering the costs involved. It will be a miracle to attract a sponsor or get a loan to finance the project. Where will they get the collateral needed to secure a loan? Will tycoon Yusuph Manji dig deep into his pocket to finance the project?


They have insisted that they will obtain the needed funds from the huge fan base,but will it be enough? Let it be remembered even in the construction of the new national stadium,the Tanzanian government depended on Chinese ‘aid'. Apparently the Chinese government funded the construction of the national stadium to the tune of over $33 million out of the over $56.4 million spent .


To construct a 40,000-seat stadium would probably cost more than $50 million bearing inflation cost and taking a look at a few similar projects in Africa. The 44,000-seat Levy Mwanawasa Stadium in Zambia cost around $60 million. Even the 19,000-seat TP Mazembe stadium has been reported to cost over $35 million. The TP Mazembe stadium was funded by Moise Chapwe Katumbi who harbors political ambitions as well as having a deeper love for football since childhood than it can be said of Yusuph Manji. Katumbi played football up to his 20s before injury ended his football career coupled with his political ambitions it is easy to see why he is pumping money into grand projects for TP Mazembe. The club is a fulfillment of his childhood dreams as well as a huge political investment.


Yusuph Manji is no fool who will soon part with his money for such an ambitious project. What has he seen that we have failed to see, that has apparently convinced him to fund the project? You do not become a billionaire by making empty statements so we just have to leave it to to him for he is the deal-maker and he seems to know more than we know though many are still skeptical that the project will be funded by the members and the fans to a greater proportion. A two year project that cost more than $50 million can hardly be funded by fans who pay less than $4 per match and members who collectively contribute less than $1000 per month.
Source Tanzanian Soccer: Kaunda's Ultra Modern Stadium:Yanga wet dreams or a realistic project?

Contribution from club members is quite insignificant. Manji paid membership fees for whoever wanted for two years! I went to pay my fee for two years plus Manji's offer, that came to four years.

Obviously, that can not be the source towards the stadium construction. being a Yanga fan and indeed a paying club member, I am also wondering where the money will come from.

All in all, we badly need the Stadium, not now but yesterday!

 

[Rogie]

Yanga with strong fans base yet fails to have own Stadium,even if the fans gonna contribute we won't make it. We need tycoons like Manji who will be up to the cost in return for the gate entrance say for 5 to 10 years depending on the running cost of the Club and the needs at the particular time.

 

[Yombayomba]

Gharama za uwanja zinategemea vitu vingi sana ukiacha idadi ya watu wanaoweza kuingia. Gharama za vifaa vya ujenzi, vinatoka wapi kwa mfano. Je utakuwa na paa la kufunika sehemu tu au uwanja wote na sehemu ya VIP tu. Vifaa gani vya mawasiliano vinawekwa, vya wapi, ni akina Sony au Panasonic original au vingine vya daraja la chini. Ni uwanja wa mpira pekee au kuna sehemu ya riadha. Mpaka aina ya viti vinavyowekwa.
Kwa hiyo mambo yote hayo ndiyo yataamua gharama yake.

Sikatai ndo maana nauliza huu uwanja wa TP Mazembe ambao mwandishi anadai gharama yake ni sawa na uwanja wa taifa, je una nini cha ajabu?

 

[dfk-agent]

Sikatai ndo maana nauliza huu uwanja wa TP Mazembe ambao mwandishi anadai gharama yake ni sawa na uwanja wa taifa, je una nini cha ajabu?

Labda wa TP una vyoo vinafanya kazi na havitoi harufu.

 

[Yombayomba]

Labda wa TP una vyoo vinafanya kazi na havitoi harufu.

ha ha ha ha nadhani alikozitoa data wamechakachua , labda una vyoo vya dhahabu ha ha ha ha

 

[Lonestriker]

Labda wa TP una vyoo vinafanya kazi na havitoi harufu.

Ha!Ha!Ha! Wachache watakuelewa hapa...watu wanakimbilia kuangalia capacity tu ya watazamaji bila kuzingatia other features za uwanjani na pia muda, uwanja wetu ulijengwa miaka karibu sita iliyopita, hapa lazima tuzingatie inflation ndio maana uwanja wa Levy Mwanawasa wa Zambia uliojengwa hivi karibuni umetumia gharama kubwa licha ya kuwa unabeba watazamaji wachache kulinganisha na wetu.

 

[Lonestriker]

Sikatai ndo maana nauliza huu uwanja wa TP Mazembe ambao mwandishi anadai gharama yake ni sawa na uwanja wa taifa, je una nini cha ajabu?

Nikikuambia nyumba ya vyumba sita iliyojengwa miaka sita iliyopita inazidiwa gharama na nyumba ya vyumba vinne iliyojengwa mwaka jana utakubaliana na mimi?Jaribu kulinganisha bei ya mfuko wa simenti miaka sita iliyopita na sasa....inflation cost! Uwanja wetu umejengwa takriban miaka 6-7 iliyopita gharama zake si sawa na uwanja uliojengwa mwaka jana au juzi. Usikimbilie kuangalia tu uwezo wa kuchukua watazamaji na kulinganisha na gharama halafu ukaanza kuponda...Uwanja wa Ulaya wa watazamaji 20,000 unaweza kuwa na gharama kubwa hata mara tatu ya uwanja wetu.

 

[Lonestriker]

ha ha ha ha nadhani alikozitoa data wamechakachua , labda una vyoo vya dhahabu ha ha ha ha

Unaelewa maana ya kejeli?Soma alichoandika utamuelewa ana maanisha nini?

 

[waddington2005]

Yanga can raise funds either by tapping at UTT or by loong at a structured loan which can be easily be a consortium of banks as long as yanga is able to get a government guarantee

 

[Lonestriker]

Yanga can raise funds either by tapping at UTT or by loong at a structured loan which can be easily be a consortium of banks as long as yanga is able to get a government guarantee

Why should the government guarantee Yanga and on what basis? It is hard for Yanga to secure a 40 billion loan from any bank.A simple check at their income and expenditure statement would reveal their precarious financial details, massive deficits, lots of revenues are actually in the suspended account which means someone has been pumping money into their account.That won't count as revenue if a bank is to give them a loan.