New Everton Stadium

[Foot Long Hot Dog]

This stadium if built will be minimum £500M. MINIMUM.

.

Based on what?

 

[zzr45]

They were interested in Everton.

Thanks Bill.

http://en.espn.co.uk/football/sport/story/114687.html

So yeah, they didn't invest as they didn't want an outdated stadium.

Hardly Bills fault.

 

[Chewbacca]

How about "safe' and "sound"?

Winners don't do 'safe and sound'

Some risk needs to be taken

 

[The binman chronicles]

They were interested in Everton.

Thanks Bill.

And there is the paradox. If we were able to do this deal for the kings dock stadium, then we would have been bought by the arabs and then they would have surely paid the loan off afterwards.

What way do you want it?

 

[davek]

Yep... very clever of him to use his financial acumen. If he'd stumped up all his own money and paid for everything out of his back pocket I'd be more worried that our new owner was a bit of a .... well you know what I mean so I'll say idiot.
All very well with grand gestures but it hardly stacks up to a clever operator who knows the world of high finance (and I don't mean gettin a mortgage like we do)
We haven't been 'run well' for donkeys years as our commercial returns prove.
Who's to say the payments will last 40 years. What if our new status enables us to play in Europe or Champions League most years.. who's to say he won't use part of the extra revenue to pay off the ground quicker like we do with our mortgages. Finally... let's not loose sight of the most important thing... we need this... we've all been waiting for this for years and ... let's give the bloke some credit.. he's not doing it for the whole thing to fail miserably like some people seem to be wishing for. He's doing it so WE succeed!!

Do some research mate. Find out how many PL club stadium projects involve the club involved using local councils and tying theoir club up for 40 years in a deal, then see how stadiums are generally paid for much more quickly with a combo of naming rights, debentures, share issues etc etc.

This "clever" way is too clever by half.

 

[Kev50]

If he makes that amount of money from us then he would have deserved it. If someone buys a dilapidated old house taking out a mortgage for it and then restores it, making it desirable to others and sells it for 3 times what was paid for it, how can that be a problem? If someone has the vision and ability to see and execute that opportunity then bully for them.

As long as the team is improving, the business side is generating more money and we have a new home all is fine.

It means that the uplift we all have spoken about from having a decent stadium has been removed by a speculator. It means all the talk about Moshiris money has been a huge red herring. It means that The club had an 80 m debt when he took over and now has a 600m debt (an astonishing amount for a club based in Walton/the Docks), with a ten thousand increased capacity as the payoff.

 

[Foot Long Hot Dog]

Open your eyes mate. Do you think £300M is going to cover that project?

Lol.

I'm not an architect or a quantity surveyor, and there's been no plans published, so how could anyone counter the figure that's been attributed to the funding model explanation with any credibility?

 

[davek]

Oh so not the statement I quoted you on, how convenient

You asked for the part where I said 'stands to'...I provide it...and you're still not accepting.

There's no helping those who wont help themselves.

 

[Foot Long Hot Dog]

Do some research mate. Find out how many PL club stadium projects involve the club involved using local councils and tying theoir club up for 40 years in a deal, then see how stadiums are generally paid for much more quickly with a combo of naming rights, debentures, share issues etc etc.

This "clever" way is too clever by half.

Only naming rights would likely cover the entire cost of the lease.

You're right it is clever isn't it.

 

[paulbefc]

It means that the uplift we all have spoken about from having a decent stadium has been removed by a speculator. It means all the talk about Moshiris money has been a huge red herring. It means that The club had an 80 m debt when he took over and now has a 600m debt (an astonishing amount for a club based in Walton/the Docks), with a ten thousand increased capacity as the payoff.

Cool.

How's that relegation thread going?

 

[davek]

But you've described the funding for the stadium as a millstone that carries a supposed huge risk for the club, so for that to be correct how can he sell the club on for a huge profit with such a risky stadium funding model attached to it? Surely a new buyer would identify this 'millstone' and it'd potentially devalue the club due to the supposed huge risk levels attached to it?

Because there's always someone out there interested in PL football clubs - especially with shiny new stadiums. And those new owners will get out with a profit too.

 

[Jacko93]

Correct, well maintained and managed treatment plants are virtually odourless. There used to be a problem with what I think was a molasses processing unit down that way

As part of the UU expansion they were supposed to use, and had specified a much higher grade of odour elimination from the plant. However, they proved that it wsnt required as the odour was below targets anyway. They did though have to sign an agreement that if complaints were received they would retest and upgrade to the originally specified kit at their own cost. Odour from the plant is not an issue, and if it becomes one, its on them to fix it.

 

[davek]

Winners don't do 'safe and sound'

Some risk needs to be taken

Not when it can be calamitous.

 

[DavyboyBlue]

Do some research mate. Find out how many PL club stadium projects involve the club involved using local councils and tying theoir club up for 40 years in a deal, then see how stadiums are generally paid for much more quickly with a combo of naming rights, debentures, share issues etc etc.

This "clever" way is too clever by half.

Your right... no others have been financed this way.... just shows you how clever he is.
Ok... let's see.... How would YOU do it Dave?... I'm listening. (Gen)

 

[davek]

I'm not an architect or a quantity surveyor, and there's been no plans published, so how could anyone counter the figure that's been attributed to the funding model explanation with any credibility?

...by taking a look around at the cost of state of the art stadiums these days.