New Everton Stadium

[The binman chronicles]

City talk predicting

Land purchased
Finance details :

£350 million loan, LCC to act as guarentors. 4 million pound a year profit to LCC
Basic designs to be shown today

Over 30 years that is roughly 35% APR. In any world that is a bad number.

Saying that the money is going to the city so it can't be that bad I guess

If it was 35% apr we would be paying 120 million a year in repayments and whatever way you cut that, we won't be...

 

[Bungle]

@Bungle they have took down the designs you posted mate.

Can you send them via PM mate?

Busy morning as you can imagine mate, give me 20 minutes.

 

[The Blue Watch]

What can you get, stadium wise, for £350m? Any comparative examples?

Spurs' new stadium is (was?) meant to be costing 400 million I think.

 

[Robbyfaux]

No, lets make sure its a winnable game...Accrington Stanley!

Sheffield United - Phil Jagielka Testimonial. Nailed on

 

[The_La]

This was posted by someone (NeilW) on The Peoples' Forum - has more detail than I've been told. Obviously I can't vouch for it...


We will see but what I have been told tonight

Posted by neilw

on March 22, 2017, 10:56 pm, in reply to "Is it s P3 as I suggested yesterday ? nt"
82.43.151.120

Is that EFC are utilising LCC's access to cheaper funding with LCC acting as guarantor & picking up a fee from EFC equivalent of 1%,of the capital upfront and 0.25% annually which still means EFC accessing funds at c. 3-3.5% vs7-8% and at a fixed rate.

Having said this I do not know how the person who told me this would know so pinch off salt for now!

 

[Mrk]

Spurs' new stadium is (was?) meant to be costing 400 million I think.

It's now creeping closer to 1 billion - although it's hard to compare the two.

 

[bluestevon]

Spurs' new stadium is (was?) meant to be costing 400 million I think.

Aye the critics of our proposed cost often site the entire cost of the spurs complex build - not the stadium itself, and also conveniently forget Liverpool and London costs for building are different altogetehr

 

[ashwuk76]

Busy morning as you can imagine mate, give me 20 minutes.

If possible may I see too pleaaseeeee (not ashamed!!)

 

[B17BLG]

Welcome The Chang Arena

 

[mon the ev]

What can you get, stadium wise, for £350m? Any comparative examples?

Juventus built their stadium (41,507 capacity) for £130 million.

 

[Eggs]

The clique have called an EGM in the Bramley Moore pub at 12 noon. Did you not get the PM @Eggs ?

..not me, Kev. Better than the Lisbon though.

 

[Lee Smith]

What's the point in trying to figure out the repayment schedule, why not just wait a few hours and see it for real?

Because numbers make me hard

 

[ashwuk76]

Aye the critics of our proposed cost often site the entire cost of the spurs complex build - not the stadium itself, and also conveniently forget Liverpool and London costs for building are different altogetehr

Exactly I live in London and house prices alone are twice or triple the rest of the country... so people need to take that Into account.

 

[Darth Toffeeman]

Think it will be the 'premium' we pay the council mate (the 1.2%), but then factor in the difference in getting the loan through their rates and having to go onto the open market for a loan and the savings will IMO be absolutely massive

Moshiri, with his vast amount of contacts and business brains, will have made sure that we have settled on the very best deal available to the club and the city. Maximise the capability of the club to compete during the construction seasons and give our City a heritage site to be proud of.

Exciting times.

 

[Moomin]

Busy morning as you can imagine mate, give me 20 minutes.

Cheers mate.