So in essence, we're of the same opinion as about 5 months ago when first got into this debate on whichever thread - but what fun along the way!!!You are totally correct mate.
It makes no sense for any new owners to have the stadium as a stand alone investment, even if the regulations permitted.
A new stadium has to be owned by the vehicle that owns Everton, the football club - the value lies in a profitable football club (through gate receipts, sponsorship revenue, and commercial revenues) plus the added NAV of a new stadium.
Personally I believe the same could be achieved at less cost with a redeveloped Goodison.
Redevelop Goodison -can't be done because of the chippy/newsagents mentioned by someone months ago - I believe them.