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New Everton Stadium

Moomin said:
Lol, we actually had bridging loans against the sky money 2 years in advance.

I understand we are high risk to lenders, all you need to do is look at the accounts. As for Vibrac, in the region of 10% interest, if we were not high risk why do we accept that rate.
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Yeah this is true. But some clubs have done far worse, I'm sure some have borrowed against 5 or even 8 years of season tickets, then relegation means they implode. Thinking Portsmouth mainly, with the FA Cup winning team/wages.

Higher numbers for season tickets and corporate lounges has given us a bit of a surplus this year, hence the Lukaku money and hopefully some in the bank too.

I just can't believe this board - yes even this board with all its shoddy record - would come out with a third proposal unless they were sure it was a goer.
Nobody is that stupid surely? They know this will be their last chance with the fans.
 
JimEFC said:
Yeah this is true. But some clubs have done far worse, I'm sure some have borrowed against 5 or even 8 years of season tickets, then relegation means they implode. Thinking Portsmouth mainly, with the FA Cup winning team/wages.

Higher numbers for season tickets and corporate lounges has given us a bit of a surplus this year, hence the Lukaku money and hopefully some in the bank too.

I just can't believe this board - yes even this board with all its shoddy record - would come out with a third proposal unless they were sure it was a goer.
Nobody is that stupid surely? They know this will be their last chance with the fans.
Click to expand...

We have borrowed 25 year mortgage on the season tickets.
 

Moomin said:
We have borrowed 25 year mortgage on the season tickets.
Click to expand...


What bank is that then? Can't believe anyone would give Everton/Kenwright/Everton+Kenwright a 25-year credit term. It's not like a mortgage where the bank can be pretty certain that the house will still be there in 25 years' time.
 
Idea just occured to me, not related to anything said recently.

That land they bought, the Walton Motors site behind the Bullens away fans entrance...

Possibly to just own the land so when they sell the Goodison footprint it is bigger, for a bigger housing development or whatever the plan is. Makes sense I guess, few cheap acres now and then include them in a mega-money sale once the new ground is built.


Pie in the sky as of now I know, but what do you think?
 
bizzaro said:
Someone quoting a 6 year old article

That don't know the difference between MORTGAGE (long term securitised loans) and BRIDGING LOANS (short term securities of 3 to 12 months or less!)

Honestly you couldn't make it up.

You have no idea about financing arrangements or tax efficiency.

:coffee:
Click to expand...


6 years ago is a long time in this economy.
 

bizzaro said:
Someone quoting a 6 year old article

That don't know the difference between MORTGAGE (long term securitised loans) and BRIDGING LOANS (short term securities of 3 to 12 months or less!)

Honestly you couldn't make it up.

You have no idea about financing arrangements or tax efficiency.

:coffee:
Click to expand...

I said we took a 25 year mortgage against season tickets sales. You said lies.

i link the details, 30 million we got. Pay 68 million back. All you need to do is look at companies house for the data.

We are high risk to banks. You can pretend were not all you want.
 
JimEFC said:
6 years ago is a long time in this economy.
Click to expand...

Short term loans can be made for things like

Renewing contracts.
Securing a signing.
Other items

Prior to the tv money being paid in August and January.

This means the clubs cash flow remains ok in the short term.

Everton have ONE long term debt deal. Mortgage secured on Goodison. Plus an overdraft facility plus some short term (annual loans).

Nothing of major concern. Compared to other clubs.
 
Last edited:
Moomin said:
I said we took a 25 year mortgage against season tickets sales. You said lies.

i link the details, 30 million we got. Pay 68 million back. All you need to do is look at companies house for the data.

We are high risk to banks. You can pretend were not all you want.
Click to expand...

You have no idea how to read company accounts or those articles.

That much is very obvious.
 
IF everton were in dire financial staights as @Moomin claims.

1. No club licence would have been granted by UEFA.

2. FFP would mean NO Europa League European football for Everton.


Yes. Moomin.

See you Thursday !!!! lol
 

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