Aston Villa announce exiting new Villa Park development as club's future vision takes a step closer
Aston Villa have revealed exciting new details of their plans for The Warehouse - the planned entertainments hub set to bring a whole new dimension to Villa Park.
The plan is to bring world-class music and live entertainment to the live entertainment venue set to open next to the iconic Villa Park stadium in December 2025.
The club have announced that they are teaming up with Oak View Group (OVG), global leaders in venue development, management, food & beverage, and sponsorship sales.
READ MORE: Inside Villa Park: Watkins fires 'easy' warning, £50m transfer promise and Man City in trouble
READ MORE: Inside St Andrew's: Stansfield position admission as Birmingham City 'really impress' auditors
The plan is to make The Warehouse a key music for touring artists, a move that will bring direct competition to the existing music venues in the city.
The Warehouse will have a 3,500-capacity space designed for music, comedy, and other sporting events and will look to entice fans to stay in and around Villa Park on matchdays.
OVG will provide operational support within The Warehouse, with a primary focus on securing the best musical acts, as well as helping secure a naming rights partner for the venue.
OVG's global expertise in venue development and operations – includes its own 23,500-capacity Co-op Live arena in Manchester and partnerships with other leading venues in the UK.
Chris Heck, President of Business Operations at Aston Villa FC, commented: 'The Warehouse marks another exciting chapter in Aston Villa's proud history.
"This new venue will provide Birmingham with a first-class space for live entertainment and significantly enhance the matchday experience for our fans. We're thrilled to be working with Oak View Group, whose credentials in building and managing world-class venues are second to none.'
Rebecca Kane Burton, Executive Vice President, Venue Management at OVG, added: 'We are thrilled to be partnering with such an historic and forward-thinking football club.
"Aston Villa shares our vision for what a modern entertainment destination should be – fan-first, community-oriented, and commercially ambitious.
"The Warehouse will be a jewel in Birmingham's cultural crown, and a benchmark for future collaborations between sport and live entertainment.'
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
2 hours ago
- Business Insider
Raytech files to sell 30M ordinary shares
R. F. Lafferty & Co. is placement agent. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
8 hours ago
- Yahoo
What's at stake if world's most powerful market finally buckles after decades-long U.S. debt splurge
The bond market has been getting a lot of attention lately, as the U.S. wrestles with its debt ceiling and Congress works on passing a big tax-and-spending bill. The U.S. has the world's deepest and largest bond market, with its roughly $29 trillion of outstanding Treasurys representing an IOU to be paid by the government to its creditors. The interest rate, or yield, on that debt can fluctuate based on how lenders view the country's creditworthiness. My husband and I bought my mother-in-law a condo. Upkeep costs $2,800 a month. She refuses to get a roommate. My new husband gave me a contract and told me to 'sign here' — but I refused. It was the best decision of my life. 'I prepaid our mom's rent for a year': My sister is a millionaire and never helps our mother. How do I cut her out of her will? My daughter's boyfriend, a guest in my home, offered to powerwash part of my house — then demanded money I help my elderly mother every day and drive her to appointments. Can I recoup my costs from her estate? Amid heightened focus over the large U.S. deficit and the borrowing that will help fund it, JPMorgan Chase & Co. JPM Chief Executive Jamie Dimon on Friday warned that the bond market will crack at some uncertain point down the road — and create panic. So-called bond vigilantes are back, and Dimon said he wasn't sure how long it may be before a crisis emerges. The deficit is 'massive' and too much spending will one day lead to a 'day of reckoning,' said Jeffrey Sherman, deputy chief investment officer at DoubleLine, in a phone interview. 'The bond market one day will say, 'You can't borrow money,'' at least not at these levels, he noted. To help fund its deficit, the U.S. government sells Treasurys to domestic and foreign investors. 'We can't just continue to spend, spend, spend and just assume that the markets will take it and the world will buy our bonds,' said Sherman. 'The big crack would be a failed auction,' in which the Treasury Department comes to the market to sell bonds but investors don't show up, he said. Beyond warning shots, 'so far you haven't really seen anything that's anywhere resembling that,' according to Sherman. But the potential for weaker demand for Treasurys risks sending yields higher, raising the cost of borrowing for the government, companies and Americans. Bond investors may push back for more yield in the Treasury market should they view disconcerting fiscal policies becoming a larger, more pressing problem. While worry over the unsustainable trajectory of U.S. spending and debt levels isn't new, 'a sharp visceral reaction' in the bond market might capture the attention of policymakers, according to Sherman. Interest rates in the bond market have been 'whipping around' lately, partly due to tariffs, yet yields have generally kept within trading range since around late 2022, he said. To his thinking, 'you'd be at new highs in yields' if the bond market was signaling 'it's really a big problem.' Long-term rates climbed in May, but the 10-year Treasury yield remains below levels seen in January. The yield on the 30-year Treasury bond BX:TMUBMUSD30Y fell 9.6 basis points Wednesday to 4.887%, while the 10-year Treasury rate BX:TMUBMUSD10Y dropped 9.5 basis points to 4.364%, according to Dow Jones Market Data. Bond yields and prices move in opposite directions. Investors have been tracking the approach of the 'X date' this year — the date when the Treasury Department would run out of cash to pay all its bills on time unless Congress acts to lift the U.S. debt ceiling. Congress, meanwhile, is working on a legislative package on spending and tax measures that includes a provision on increasing the federal government's debt limit. That legislation, known as the One Big Beautiful Bill Act, has been passed by the House of Representatives and now needs Senate approval. In an interview aired Sunday on CBS's 'Face the Nation,' Treasury Secretary Scott Bessent declined to specify a precise X date but said the U.S. is 'never going to default.' Last month, in a May 9 letter to Congress, Bessent had urged lawmakers to lift or suspend the debt ceiling by mid-July to 'protect the full faith and credit of the United States.' Sherman agreed that the U.S. will never default on its debt, but warned that does not mean that bond investors won't push rates on Treasurys meaningfully higher should government policies or behavior in Congress continue to damage the 'brand of America.' The Congressional Budget Office on Wednesday estimated the budget bill would add $2.4 trillion to the deficit over the next decade. Investors in the U.S. exchange-traded-fund industry seemed hungry for bonds in May. Bond-focused ETFs saw their third-largest monthly haul ever in May at $37 billion, with inflows spanning across areas such as government and corporate debt as well as mortgages, according to State Street Global Advisors. That put bond ETFs on path for 'a record-breaking year of more than $360 billion of inflows,' said Matthew Bartolini, head of Americas ETF research at State Street, in a note. 'Total bond ETF assets are now $1.95 trillion,' and could surpass $2 trillion for the first time by mid-July if flows remain 'on trend' without a material weakening of returns, he said. Looking within the category of government debt, Bartolini found that ETFs targeting long-term bonds of more than 10 years pulled in almost $5.7 billion last month, according to his note. Intermediate-term bond ETFs saw $1.8 billion of May inflows, while short-term government bond ETFs had outflows of $3.2 billion last month as 'investors lightened up on their cash-like allocations.' Although May demand for long-term Treasurys seems like 'a bullish signal,' Bartolini cautioned that it could also reflect shorting activity, or traders betting that prices of those bonds may fall. 'Long-term U.S. Treasury bond ETFs have seen a rise in short interest all year, and ETFs can be bought, lent out and then shorted,' he wrote. 'A bearish bet on long-term U.S. Treasurys is not too farfetched,' considering fiscal deficit concerns recently underscored by Moody's decision to downgrade U.S. government debt as well as other worries such as a global trade war sparked by tariffs, according to Bartolini. Investors have been closely watching U.S. trade policy, as they worry tariffs risk slowing the economy and increasing inflation. Sherman said he sees uncertain policy on global trade adding to 'a push and a pull' on Treasury yields — with fears over slower growth pushing them lower, and inflation and potential fiscal issues pulling them upwards. Among the most recent trade developments, President Trump this week signed an order imposing 50% tariffs on steel and aluminum that took effect on Wednesday. The White House has announced a wide-ranging set of tariffs this year — including large levies on countries that were rolled out on April 2, but subsequently paused as the U.S. negotiates trade deals globally. The first 90-day pause is set to expire around July 9. Read: Trump says 'very tough' Xi is 'extremely hard to make a deal with' 'Don't be a risk seeker right now,' said Sherman, who is co-portfolio manager of the DoubleLine Opportunistic Core Bond ETF DBND. For example, investing in corporate credit that has a short duration of a couple years and 'can get through the cycle' is preferable to 'buying something speculative over 10 years,' he said. As for Dimon's recent bond-market warnings, the timing of a potential tipping point that might stir up panic as bond vigilantes keep watch over the U.S. fiscal situation remains uncertain. Asked about U.S. debt and deficits during an interview aired Monday on Fox Business Network's 'Mornings with Maria,' Dimon said it's a 'big deal' and that one day the bond market is going to have 'a tough time.' But, he reiterated: 'I don't know if it's six months or six years.' 'The situation is extreme': I'm 65 and leaving my estate to only one grandchild. Can the others contest my will? Never mind the tariffs and tantrums. The 'dual equity pain trade' means new highs for stocks. S&P 500 changes are imminent. Robinhood and these other stocks could join the index. 10 nuclear stocks expected to rise as much as 94% after Meta-Constellation deal 'I was pushed out of her life when she was 18': My estranged daughter, 29, misuses drugs. Should I leave her my Roth IRA? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
9 hours ago
- Yahoo
Is Doctor Who Reunion Inevitable? Did Cleaning Lady Kiss Leave You Cold? How Would SNL Have Handled Trump/ Musk Break-Up? More TV Qs!
We've got questions, and you've (maybe) got answers! With another week of TV gone by, we're lobbing queries left and right about Doctor Who, The Cleaning Lady, Law & Order: Organized Crime and more! 1 | Given that David Tennant is still playing a Doctor in the Whoniverse, what are the odds that — in any potential new season of — Fourteen will cross paths with whomever/whatever Tennant's former on-screen companion, Billie Piper, is now playing? More from TVLine Doctor Who: Varada Sethu Reflects On the End of Her Run, Says 'Mom & Dad Forever' to Ncuti Gatwa The Cleaning Lady Ends Season 4 on an Unresolved Note - Do You Want to See a Fifth Season? Doctor Who: Watch Jodie Whittaker Nerd Out Over New TARDIS During Her 'Emotional' Return to Set 2 | Among the many issues we had with HBO's Mountainhead: When it became clear that his friends were trying to murder him, why couldn't Jeff just call for help? (They all had their phones, and they all have well-paid staffers hovering nearby.) And then the next morning, why did Jeff send his bodyguards away to face his would-be killers without backup? 3 | Given how easily s Dama was dispatched, isn't it kind of ridiculous that Bruegel or Christos or somebody didn't take her out sooner? Also, Animal Kingdom fave Jake Weary had so little to do on Dead City before Christos was killed off that we've gotta ask: What was the point of casting such a good actor in such a nothing role? 4 | What's your best theory as to why 's Kat pretended not to remember Seraphina's name when they'd just talked? And are you surprised that both Conrad and Maeve survived to the end of the season? Also: Harry's going to do something about that kitchen knife sticking out of his pec, right? ▼ And, forgive us, but did anyone else hear 'boobs' when Conrad told Maeve he loved her down to her 'boots' while they were chatting in prison? 5 | Was 's all-time wipeout countdown one of the more entertaining things you've watched on TV this spring? 6 | The Cleaning Lady fans, didn't you wish we'd gotten a little more oomph from that Thony/Jorge kiss in the finale? 7 | Does Zach Braff's description of the in-the-works revival — that JD is now 'beaten down by the system' — make it sound like Bill Lawrence & Co. are hoping to create the comedy version of The Pitt? 8 | Since moneybags Bill cut off Luna, where did the double murderess get the cash to buy that gun? ▼ For that matter, how is she paying for this apartment? 9 | Does really need the whole 'Who is the insider?!' mystery element? (Or without that, is the freshman series a full 100% identical to his half dozen other Fox shows?) 10 | Is it now safe to say that 's Voit has not been faking his amnesia…? And is anyone worried that the road is being paved for him to (gulp) 'join' the BAU next season? 11 | Has forgotten about Elliot's tremors? 12 | When all is said and done, could Jonathan Jackson's much-ballyhooed, nine-month General Hospital encore have been any more underwhelming? 13 | Is this one of those weeks in politics where you really miss what might have done with the big headline? Hit the comments with your answers and any TV Qs of your own! Best of TVLine Young Sheldon Easter Eggs: Every Nod to The Big Bang Theory (and Every Future Reveal) Across 7 Seasons Weirdest TV Crossovers: Always Sunny Meets Abbott, Family Guy vs. Simpsons, Nine-Nine Recruits New Girl and More ER Turns 30: See the Original County General Crew, Then and Now
