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toffeejack
Player Valuation: £100m
i'd love there to be a neville southall end, which gets very little goals scored at it.
ah crap, we're firing at the nev this half
ah crap, we're firing at the nev this half
Chang Elephant
Forum God
So shave a percent or two off on interest , but still a debt to repay. Are we getting a new commercial team btw, the current clowns can't do the simple stuff never mind the miracle of making a stadium build pay for itself.
What about a Phil neville end, people would just miss out of disgust lol
Could you class Everton as low risk though?? Let's do a credit check.............. Computer says no.
We are mortgaged to the hilt, Vibrac loans against future TV money. Last set of accounts showed net liabilities in the region of 40 million. I don't think we would be classed as low risk for some reason.
bizzaro
LOVE GOT JUST THE WAY IT IS #ALWNV
Its easier to sell when you have the infrastructure to sell.
That first sentence is nonsense. Of course we have a debt to repay.
The idea is to generate more revenue than the debt repayment + interest
On the stadium alone.
We would be failing in our planning touching the tv money. Thats only a reserve - INCASE it were needed in a catastrophic scenario of the stadium having major issues
Like structural or weather damage etc
toffeejack
Player Valuation: £100m
bizzaro
LOVE GOT JUST THE WAY IT IS #ALWNV
You're confusing bridging loans with mortgages and other debt.
The vibrac caymans thing is a tax arrangement and smooths out cashflows
Chang Elephant
Forum God
Which bit of the sentence, that you fully agreed to, was nonsense Damo ?
It's debt. Showing banks and other lenders we are high risk. Why use Vibrac with higher interest rates than our usual lines of credit??? Maybe the same reason why Barclay's reduced our overdraft limit the other year when we had a fire sale to pay it down.
We are high risk, unless one of our board members is personally going to back it up.
There will , I think , be relatively few serious objectors to this project.
The government wants it ,the Council wants, the club wants and a large portion of people in the area will want it too.
It will bring employment and opportunity , it will regenerate the area on a scale that is hard to imagine.
I expect the Everton fanbase will be very supportive. The fanbase were prepared to accept Kirkby brcause they realised the importance of a new ground. A new ground in their general area will probably get huge support.
The plans and the costings of the stadium, the other different suggestions for regeneration will be fed piecemeal to the media and the public building up an appetite for the overall project . I eagerly look forward to seeing the plans for the stadium and the projected costings.
It will probably take about three to four year from now to completion.
It will be very important the the Everton Football Club transferring to the new stadium is a progressive vibrant club. It will be important that the team at that time is challenging for honours to help fill the increased capacity or ass cose to filling it as possible.
Exciting times indeed.
The government wants it ,the Council wants, the club wants and a large portion of people in the area will want it too.
It will bring employment and opportunity , it will regenerate the area on a scale that is hard to imagine.
I expect the Everton fanbase will be very supportive. The fanbase were prepared to accept Kirkby brcause they realised the importance of a new ground. A new ground in their general area will probably get huge support.
The plans and the costings of the stadium, the other different suggestions for regeneration will be fed piecemeal to the media and the public building up an appetite for the overall project . I eagerly look forward to seeing the plans for the stadium and the projected costings.
It will probably take about three to four year from now to completion.
It will be very important the the Everton Football Club transferring to the new stadium is a progressive vibrant club. It will be important that the team at that time is challenging for honours to help fill the increased capacity or ass cose to filling it as possible.
Exciting times indeed.
bizzaro
LOVE GOT JUST THE WAY IT IS #ALWNV
Its not debt if its a short term loan paid off with 6 months.
Debt only becomes debt of its not paid off in the term of the loan. Otherwise its just to mitigate uneven cashflows
People need to learn the difference!
Short term loans have higher interest as they are short term capital.
This cash is probably linked to a certain proxy-ed Director in the caymans. Who is getting his shilling this way than via share divideds which would need the club to make profits and pay taxes! Something deliberately being avoided this way.
This way the club is exposed to less liabilities (losn fees to a proxy shareholder rather than higher % taxes). All legal too.
Chang Elephant
Forum God
LOL
Our net debt is 45 million.
We do bridging loans because we have no cash flow. No matter how you explain it, its high risk to a lender.
bizzaro
LOVE GOT JUST THE WAY IT IS #ALWNV
Virtually every club in the league does this to minimise tax liabilities and mitigate uneven cashflow in the summer before tv payments are made.
Again. You're utterly confused what is going on.
Or that this does not make Everton a risk to lenders for a Stadium project.