New Everton Stadium


Hang on, so reading between the lines, are people now claiming that the funding will be coming from LCC / government departments, in the form of a secured loan?? If so where the hell are LCC going to find that sort of money?! Not saying it can't happen (it could work in LCC's favour if the repayment terms are generous in their favour over the term), but surely we're talking hundreds of millions for the whole development. Kopite. Heads. Floor.
Easy enough concept, LCC issue a long term bond at market rates, while making a loan to EFC matching the duration of the bond, with a few basis points premium for their efforts. We borrow their credit rating and get the loan/funding at a much lower rate than we would otherwise, LCC can write down an immediate profit assuming both forms of debt are valued using the same accounting method.
 

You'd think that Moshiri and his ilk would have access to better financing than LCC especially with how economically strapped they have been lately..*



*denotes I don't have the slightest how any of that works.
 

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