New Everton Stadium

[Connor]

How close to the club can he get before it becomes risky?

I did read the other day his personal wealth shot up £3bn last year.

Close enough thanks to FFP Dark Magic, Ian.

 

[TheFinnFan]

How close to the club can he get before it becomes risky?

I did read the other day his personal wealth shot up £3bn last year.

dunno but he is in already

 

[Armaghtoffee]

Before anyone else comes to me with any other nonsense about me "having a problem" with the deal just know that I'm made up that this is happening and I have no anti-Moshiri agenda to push here. I'm just interested in the details of the deal from a financing perspective.


This deal is all about securing cheap financing rates for Everton Football Club, as the business.

I am saying that Moshiri could afford to fund it out of pocket and have EFC forgo these fees to LCC as well as any interest payments for a loan.

That said though, I would never have expected Moshiri to actually pay for a stadium out of pocket when he still only owns 49.9% of the club, that's laughable.

If he owned the whole club it would make sense to fund it personally as he could always make that money back when he wanted by issuing shares at his own discretion and avoid the extra costs of securing financing.

I'm very happy that a very rich man knows how to make even more, and us great, without spending his own wedge.

That's why he's rich and we're going to Bramley Moore.

 

[ianefc]

I'm very happy that a very rich man knows how to make even more, and us great, without spending his own wedge.

That's why he's rich and we're going to Bramley Moore.

Amen.

 

[allen]

It would seem that the projected rent and costings are based on 50k though so any increase on that would increase the rent to LCC (the 4m p/a) and the overall lease repayments.

Or, maybe, we could get a 60,000 for similar money if we strike a deal with, oh I don't know, a fat Russian in the steel business.

 

[MrGrumpy]

Looking forward to that

 

[Librarian]

Naming rights are probably worth 4-5m per season

 

[Efcjake]

TBF mate. You've been criticising him for not just paying for it. Yet you're unwilling to name another time in the history of football an individual has done such a thing.

When did I criticise him? I've gone back and looked at all my posts in this thread so good luck ian.

Again, I'm going to re-state that I'm immensely happy about this.

 

[toffee66]

I just keep coming back to 50k capacity. No upfront capital risk. Still thinking small. Elstone's type of deal and frankly not what I'd really want as a statement from Moshiri.

Progress? Yes. Transformation? No. This is designed to solidify us as a top 10 PL club not to catapult us into CL contenders. Little risk, minimal gains.

The one big positive is the location and that does make it a marginal positive on balance but frankly it is a bit meh. A little disappointing.

 

[Jags..class]

Naming rights are probably worth 4-5m per season

Especially on the docks as well.

 

[mmmmsnouts]

I get a 55-60K seater would cost more than a 50K, but some of the cost increases people are throwing around seem unrealistic. How would 5-10K extra seats add £100M or more to the cost?

 

[ianefc]

When did I criticise him? I've gone back and looked at all my posts in this thread so good luck ian.

Again, I'm going to re-state that I'm immensely happy about this.

My mistake. I took your questioning of him not buying it himself as a criticism of the deal.

 

[SpongeBob brown shoes]

I see it how I've read it with the information that's been presented, this Usmanov nonsense needs to stop.

If he wanted to invest he'd sell his Arsenal shares for whatever price he put on them tomorrow, so why all the cloak and dagger nonsense with no marks like Joe Anderson?

The thing is, the Usmanov nonsense won't stop until we know who this funder is who the club are going to get to build the stadium, things like the USM FF deal and this odd stadium deal also keep those rumours flying round

 

[royalblue66]

I just keep coming back to 50k capacity. No upfront capital risk. Still thinking small. Elstone's type of deal and frankly not what I'd really want as a statement from Moshiri.

Progress? Yes. Transformation? No. This is designed to solidify us as a top 10 PL club not to catapult us into CL contenders. Little risk, minimal gains.

The one big positive is the location and that does make it a marginal positive on balance but frankly it is a bit meh. A little disappointing.

Yes, would have thought the site cabins would be on site by now, and the tea made.

 

[Toffeelover]

Onward and upward. Congrats and thanks to JA for his assistance.