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New Everton Stadium

Are there any stadium designs doing the rounds that I can access.... Love it to be like the Lucas Oils stadium but with our waterfront twist on it. Here's hoping....Ta in advance....
 

davek said:
I'm sure the answers will be in place. What we're dealing with here though is a lot of perception. If this project if funded the way we think it is, anyone thinking this just gets announced and rolls out unproblematically are living in cloud cuckoo land.

It is massively controversial, not just for local ratepayers, but for the potential impact it will have on the club.
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It is up to the council to convince joe public they are getting a positive outcome on this. 4.2 million a year (if figures are to be believed including profit on FF) Is quite a lot of relatively free money for the services that people say are being cut.

This is all sketchy figures and conjecture, but just wanted to give a feel for what kind of risk could be shared.

The TV deals are fairly secure for this and probably the next one so you can comfortably say we should be ok to pay for the next 8 to 10 years. So at the end of that time we could have paid off 100 million and we would have given the council 40 million by that point. Say the worst comes to the worst and the sky falls in, the land value would be worth at least 20 to 40 million, leaving the council with a possible liability of around 180 million. Say we get a naming sponsor but we don't use that to pay off the stadium, but we don't spend it on players either, it just sits in a fund to make our income look bigger enabling bigger wages to be paid with the TV money.

That could be worth up to half the remaining debt, leaving a 90 million shortfall that would have to be divided between the owners (current or future) for in effect gap insurance.
Suddenly it doesn't sound such a risk for a man who has already put in 80 million to underwrite. If we get to 15-20 years with all payments up to date and those figures are more like spare change to people who have billions.

The reason why they would be willing to take a personal risk for this? Because overnight once the stadium is built the club will be worth 2/3 times as much as they paid for it.
 
nsno-chris said:
It's been signed off by cabinet Dave, and approved by audit. Like I said the other week there's no money in the pot at LCC but this income for them.

And LA cuts have nothing to do with this, the council are acting has guarantors on a loan for EFC, they get favourable rates for infrastructure programs like this. However they are unable to utilise the same lending facility to support services, it's a win win for the council

With regards to moshiri, I don't get how he's protecting himself from anything. He's secured a very favourable deal for the financing of the stadium, this lack of foresight was the nail in the coffin for kings dock. No owner would fund this themselves.

There'll be contingencies in place if we fail repayments, that's why audit have approved it. Everything must above board and satisfied them
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Not to my knowledge, and in any case, it doesn't rule out political opposition to it or even some ratepayers alliance type group stepping forward.

The cuts LCC have made are important in the sense of the perception of a council cutting back on vital services but now propping up a football club in the top 30 richest in the world or whatever. If you dont think that's going to be difficult to sell, think again.

Moshiri is not a director and therefore not liable for debt. He's a man with £2B and he's the one who stands to make the most out of all this if the stadium is built...but he's not exposed to any of the dangers! Again: non-controversial?

Do me a favour mate. This is going to be very unpopular with most non-Everton supporters and a concern even within our ranks.
 

The binman chronicles said:
It is up to the council to convince joe public they are getting a positive outcome on this. 4.2 million a year (if figures are to be believed including profit on FF) Is quite a lot of relatively free money for the services that people say are being cut.

This is all sketchy figures and conjecture, but just wanted to give a feel for what kind of risk could be shared.

The TV deals are fairly secure for this and probably the next one so you can comfortably say we should be ok to pay for the next 8 to 10 years. So at the end of that time we could have paid off 100 million and we would have given the council 40 million by that point. Say the worst comes to the worst and the sky falls in, the land value would be worth at least 20 to 40 million, leaving the council with a possible liability of around 180 million. Say we get a naming sponsor but we don't use that to pay off the stadium, but we don't spend it on players either, it just sits in a fund to make our income look bigger enabling bigger wages to be paid with the TV money.

That could be worth up to half the remaining debt, leaving a 90 million shortfall that would have to be divided between the owners (current or future) for in effect gap insurance.
Suddenly it doesn't sound such a risk for a man who has already put in 80 million to underwrite. If we get to 15-20 years with all payments up to date and those figures are more like spare change to people who have billions.

The reason why they would be willing to take a personal risk for this? Because overnight once the stadium is built the club will be worth 2/3 times as much as they paid for it.
Click to expand...
As said, I'm sure the rebuttals are all in order and sound convincing to anyone willing to listen. A lot of people wont and they'll see headline facts and figures. It's just what people tend to do. And on that level we need to be aware that the response will be negative.
 

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