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New Everton Stadium

bizzaro said:
The first step then is negotiation of additional corporate "partners". With a state of the art large stadium and hospitality this will come.

There are lots of large employers in the north west and else where that can use our stadium for conference events and so on.

24/7 revenue.

I think we can boost revenue by 30m a season all told. Assuming any more might be too risky.

That gives us plenty of scope to fund a stadium and boost our general budget after I'd say 5 years.

Remember 5 years + in, we will have to pay less back per season as net interest due declines.

So the hill is virtually climbed within 5 years after we are in walton hall park.
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Agree
 

bizzaro said:
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.
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Yeah I remember Kenwright coming out about nearly 10 years ago I bet, and saying the debt repayment was secure and planned and budgeted for so it was nothing for the fans to worry about. Top man is Bill really.

The increase in TV money was only agreed last year, so any extra we get from that will not be in the budgets/accounts upon which all our current loans and mortgages were agreed.

So does that mean the TV money is basically ours to do as we want? I mean like new bogs and batman lights, renewed contracts and new signings, like we've been doing?



Also - I wish my bank would give me a loan for "other items" ;)
 

bizzaro said:
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
Click to expand...

I don't think he has been saying that we are in financial dire straights, to be fair. He's just commenting that our credit rating is far from AAA+, and that obtaining credit from banks may be easier said than done for Everton.

I will happily admit that I am no accountant (lol), but to use an analogy, you could say Everton are a bit like a bloke who receives a very good income through people visiting a grand stately home that has already been mortgaged, but the bloke spends all his money on the upkeep of the stately home and the debts that he has secured on it, so he doesn't actually have a lot of money available.

If the bloke takes on an extra liability, then the money for the upkeep of the stately home (playing squad) is reduced, and this can result in lower revenues due to a reduced amount of visitors (reduced prize money). The next thing you know, the bloke is selling some of his most prized and expensive furnishings in order to cover the extra payments he is struggling to pay, this makes the stately home less attractive and visiting numbers drop further. The stately home then gets repossessed, and he now makes his money through renting out bedrooms to DSS tenants (League 1).

Sorry for the bollox analogy, and I am aware that it paints the worst possible scenario, and that a lot more positive scenarios are also possible. But it is a doomsday scenario that has actually been experienced by a few clubs in recent years. Look at Wolves implosion following the sacking of Mick McCarthy. They thought they were being all smart and clever because they were building new stands and had next to no debt, but they neglected the playing squad and they were in League 1 before they knew it.

The banks probably will lend us money because we have enough assets (players) to make sure that they get their money back one way or another. It is a bigger risk for the club than it is for the banks, but I don't think they will be fighting with each other over who gets to lend 100 million pound to Everton. I am in support of Everton taking risks, but I'd say this venture is a high risk one, definitely for Everton, and possibly for the banks as well.
 
Dymak said:
I don't think he has been saying that we are in financial dire straights, to be fair. He's just commenting that our credit rating is far from AAA+, and that obtaining credit from banks may be easier said than done for Everton.

I will happily admit that I am no accountant (lol), but to use an analogy, you could say Everton are a bit like a bloke who receives a very good income through people visiting a grand stately home that has already been mortgaged, but the bloke spends all his money on the upkeep of the stately home and the debts that he has secured on it, so he doesn't actually have a lot of money available.

If the bloke takes on an extra liability, then the money for the upkeep of the stately home (playing squad) is reduced, and this can result in lower revenues due to a reduced amount of visitors (reduced prize money). The next thing you know, the bloke is selling some of his most prized and expensive furnishings in order to cover the extra payments he is struggling to pay, this makes the stately home less attractive and visiting numbers drop further. The stately home then gets repossessed, and he now makes his money through renting out bedrooms to DSS tenants (League 1).

Sorry for the bollox analogy, and I am aware that it paints the worst possible scenario, and that a lot more positive scenarios are also possible. But it is a doomsday scenario that has actually been experienced by a few clubs in recent years. Look at Wolves implosion following the sacking of Mick McCarthy. They thought they were being all smart and clever because they were building new stands and had next to no debt, but they neglected the playing squad and they were in League 1 before they knew it.

The banks probably will lend us money because we have enough assets (players) to make sure that they get their money back one way or another. It is a bigger risk for the club than it is for the banks, but I don't think they will be fighting with each other over who gets to lend 100 million pound to Everton. I am in support of Everton taking risks, but I'd say this venture is a high risk one, definitely for Everton, and possibly for the banks as well.
Click to expand...


That's some good stuff there I reckon mate. I agree it's a risk, but then I think we are at the point where a risk is the only way.

We stay at Goodison waiting for the perfect site and financial deal - something that ticks every box - and we'll never get it.
In fact it did come along and we missed it for the sake of £30m funds. If the King's Dock proposal came along now we'd be playing matches in it by 2018 I bet. [sad pause]

Every year we stay at Goodison is another year the same. And another year for Kenwright to find money he hasn't really got. He's gonna run out of people to ask very soon.

I think the risk depends on how invovled the council are, and how much will be paid by that housing trust. On our side is the fact that they are talking about regeneration, and "North Liverpool", not just Walton or wherever.
I want our stadium to be the least important factor in this project, by which I mean they build it, but they build it as a part of everything else they are building. i.e. not building a stadium then shoving some shops and hotels around it for good measure.
This way we become integral to the plan but the other parties are committed because of all the other things being built, so they need our money for the whole project to go through, and that means they have to build the stadium too.

I dunno if a lot of that was waffle, hope it made sense.

In Leeds a few years ago they regenerated a huge area that's just over the canal from the city centre. It was about 7 new apartment blocks, then gyms, hotels, restaurants, bars, you-name-it. But there was no other reason to go to that area of the city. So noone really bothered going.
Now the flats are full but very cheap to rent. The restaurants etc all closed down and left, and now it's a giant concrete wasteland for skateboarding basically.
Last year they built a little shopping centre with a small outdoor space and put a new bus route on to get to it. This was about a quarter-mile from Elland Road stadium. That area now is buzzing, with flats being built, shops, all sorts.
Difference was that people saw it when they went to the football. Hopefully they'll know about things like that and realise the stadium is important to the whole area.
 

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