New Everton Stadium

[blulouie]

The Council has billions in land, a fairly predictable income stream and is in some respects guaranteed by central government.

Ok

 

[peteblue]

Announcement tomorrow, cheap, foreign labour bussed in first thing Friday morning

Happy days

God bless those Polish bricklayers........

 

[blulouie]

To the lender?
They may well be being guarantored by Moshiri/ Usmanov. Who knows.
Maybe the Government too?
Fairly sure it will have been covered.

Hope you are right.

 

[Jamiednm]

Hopefully we will also find a gigantic diamond mine just underneath Goodison, it's all coming good at last.....

Definitely tapping oil when the engineers are sorting the foundations at BMD. Black gold, Texas tea. $$$$

 

[peteblue]

We've already got a diamond on the Goodison pitch mate, we don't need a mine.

You can never have too many diamonds.......

 

[davek]

Not following. If the council borrows money it can do on the basis of all the money that comes in. (council tax etc.) As its income is safe as houses, the banks will loan LCC at a lower interest rate as it's low risk.

LCC will have contract with Everton naming the people that are responsible should EFC fold, Moshiri will be high up on the list i would imagine. That enables the council to facilitate this knowing there is no (or little) risk to them.

I can't see Moshiri exposing himself to that.

 

[peteblue]

Funniest thing I've seen......

 

[The binman chronicles]

We'll see mate....you are talking about a council that cant even get money to fix the abysmal potholes in the city's roads.
Should be quite a day tomorow.

Hopefully get more details. I understand about the services but it should help mate, it's not like they would borrow the money in normal circumstances to give to services. If i said i was gonna borrow around 1200 pounds from you and it was gonna cost you to borrow say £120 month, but i'm going to pay you £145 a month, then your getting £25 every month for nothing but helping to arrange a loan.

That £25 can be spent on services. Now upscale that into the millions...

 

[blulouie]

I don't think LCC are taking out a loan.
They are acting as guarantors by sounds of things

Ahh...that wasnt said earlier tho.

Anderson is on record as saying the club will be funding it themselves & the council will be helping out with infrastructure as they did with Anfield.

Could care less where the finance comes from but i think the councils involvement is a little wide of the mark here.
I just want to see the best stadium i've ever seen shimmering on the waterfront.

 

[pablo 1878]

We going to have to demolish Goodison when we leave. The last time we left an empty stadium, a b'stard offspring popped up. Can't have lightening striking twice can we?

 

[MrGrumpy]

This is more exciting then Christmas just can't wait. It's a giant step forward for us as a club.

 

[The binman chronicles]

I can't see Moshiri exposing himself to that.

Someone is going to have to otherwise why would the council take the risk? Say the football bubble bursts in 10 years time and we still owe 200 odd million, the council could repossess, sell the land but it may not cover the loan they are paying or guaranteeing. I'd imagine when/if we are sold then perhaps we will have to pay up the full amount.

 

[Debaser]

Hopefully we don't contract Norwegians to build it. Chances are half of them or more would be RS blurts.

 

[Librarian]

thud.....thud.....thud

 

[Debaser]

I live in Alaska, its still only 3:45PM. Im not going to bed tonight, Im just going to stay up all night and watch this thread lol