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- funding arrangement is a bit of shock. We will technically own the stadium but the full amount will be loaned to us via a somewhat complex and quite surprising arrangement over 30 years
We better had,it's the very least the old girl deserves.We still have memories to make in Goodison, too.
Now convinced we're going to sign off from there with a trophy.
If i'm understanding what has been said correctly the council will have more money not less.
Say i need a loan of £10,000 but the bank won't give it to me or only at high interest rates, I ask my dad to take out the loan for me and I pay him back whatever it costs plus £50 on top, then he is getting something for nothing.
We still have memories to make in Goodison, too.
Now convinced we're going to sign off from there with a trophy.
I'm a little underwhelmed at us needing the council to help us fund it.
You'd have to question the terms of the deal if default is even a remote possibility.From what I've heard today, that's pretty much bang on the money. Headlines will be that the council are forking out £350m for Everton's new ground. But the deal will generate significant money on a yearly basis for LCC (well done to those who cracked that bit)
I'm not sure if the figures will be made public, but if what I've been told is correct, LCC would make comfortably in excess of £100m over the life of the loan.
The thing that is a bit scary is what happens if Everton defaulted on repayments. I won't divulge publically what I've been told, but suffice to say LCC have very significant mechanisms built into the deal to ensure that they'll get what they need from Everton to satisfy the lender and make their profit.
If your mate had a 10% off voucher for your favourite shop, and he didnt need it so he was giving it to you, would you turn it down ?I'm a little underwhelmed at us needing the council to help us fund it.
How rich do you think Moshiri is like