New Everton Stadium

[The Esk]

Esk please dont,the last thing we need right now is pete and joey in this thread singing Rule Britannia,and how we will be sing 5 times soon because the Eu hate us

Apologies lol

 

[The Esk]

Exactly. Surely a billionaire (he is a billionaire, yeah?) holds a USD account for major trading. Obviously I get that Everton is a GBP company but I'm quite sure Mosh will avail himself of every financial instrument the city has to offer to mitigate against fx movements.

Everton have hedged the Euro exposure in the past for transfer purposes but I doubt very much in June we were holding a dollar hedge just in the unlikely event of Brexit, for a stadium perhaps several years away.

 

[peteblue]

Esk please dont,the last thing we need right now is pete and joey in this thread singing Rule Britannia,and how we will be sing 5 times soon because the Eu hate us

Well hello.......

 

[jaycee]

Well hello.......

Dont do it Pete keep it in the Eu thread

 

[peteblue]

Dont do it Pete keep it in the Eu thread

I will, provided no one else mentions the B word........obv not Bramley Moore......

 

[The Cowboy]

Everton have hedged the Euro exposure in the past for transfer purposes but I doubt very much in June we were holding a dollar hedge just in the unlikely event of Brexit, for a stadium perhaps several years away.

I hear Bill had a tenner on Remain.

 

[tommye]

I will, provided no one else mentions the B word........obv not Bramley Moore......

Beer?

 

[RobSpurs]

This directly from Daniel Levy at a meeting of the THFC supporters trust in September:

AB questioned how the project was tracking against budget. DL responded that Brexit hadn’t helped. Costs have risen as a result of the weakened pound, and the increased 7 day work schedule. But the financial model was in good shape.

I know for a fact we're buying steel from British Steel - I think it's coming down from Yorkshire - and concrete from a Northern Irish firm, and that some of the material for the basement has been produced from washing and processing waste material dug up on site. But even with so much of the material being bought within the UK, Levy has still come out and said the weak pound is affecting things. He's not normally this direct about such questions. Unless Brexit is very well managed and things bounce back quickly (no sign of that so far) it's going to affect projects like this, The Esk is right.

 

[peteblue]

Beer?

I shouldn't have started this.........

 

[Brendan Janus]

I hear Bill had a tenner on Remain.

He had a tenner on a Romanian to !!

 

[AndyGray]

He had a tenner on a Romanian to !!

Great for Cesar salad

 

[Gardocki]

Just buy the building materials from Zimbabwe. Quids in

 

[blueboy1945]

There's no getting round the fact that materials priced in USD are now 15% more expensive than in the summer, for Everton as a result of the Brexit vote.

By the time the contractors are ordering their supplies the pound could well be 30% cheaper than now too. It will change when the fat cat bankers have sated themselves on the pound and move to other targets. it was forever thus.

 

[blueboy1664]

This directly from Daniel Levy at a meeting of the THFC supporters trust in September:

AB questioned how the project was tracking against budget. DL responded that Brexit hadn’t helped. Costs have risen as a result of the weakened pound, and the increased 7 day work schedule. But the financial model was in good shape.

I know for a fact we're buying steel from British Steel - I think it's coming down from Yorkshire - and concrete from a Northern Irish firm, and that some of the material for the basement has been produced from washing and processing waste material dug up on site. But even with so much of the material being bought within the UK, Levy has still come out and said the weak pound is affecting things. He's not normally this direct about such questions. Unless Brexit is very well managed and things bounce back quickly (no sign of that so far) it's going to affect projects like this, The Esk is right.

The brexit effect has increased my companies EBIT by 10% to date

 

[Stan Lee Park]

This directly from Daniel Levy at a meeting of the THFC supporters trust in September:

AB questioned how the project was tracking against budget. DL responded that Brexit hadn’t helped. Costs have risen as a result of the weakened pound, and the increased 7 day work schedule. But the financial model was in good shape.

I know for a fact we're buying steel from British Steel - I think it's coming down from Yorkshire - and concrete from a Northern Irish firm, and that some of the material for the basement has been produced from washing and processing waste material dug up on site. But even with so much of the material being bought within the UK, Levy has still come out and said the weak pound is affecting things. He's not normally this direct about such questions. Unless Brexit is very well managed and things bounce back quickly (no sign of that so far) it's going to affect projects like this, The Esk is right.

They still make steel in Yorkshire?