New Everton Stadium - Hill Dickinson Stadium

VentureBrosEFC · March 23, 2017

Efcjake said:
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.

I will say the way you seem to be stating it, you seem to be suggesting he has around 500m in liquid. He is a "billionaire" in his assets, not cash in his pocket.

TheFinnFan · March 23, 2017

Nymzee said:
Why is everyone fixated on the capacity?

Larger capacity doesn't always correlate to bigger and mores successful club.

Let's compare Monaco's achievements in the last 20 years vs say a West Ham.

And notice that Juves stadion is only 41,000 and it is absolutely fantastic

Im not even a bit arsed if it would be 50,000. The final capacity will be carefully decided and it will be right one for our club.

chewee · March 23, 2017

Librarian said:
Naming rights are probably worth 4-5m per season

We get more than that for Finch Farm. £10 million minimum.

Moomin · March 23, 2017

Jags..class said:
Should do

It won't, they are concerned about global brand, TV appearances etc etc

A stadium on the docks would not matter to them.

EFCccc · March 23, 2017

MrGrumpy said:
Taken off NSNO

In bullet points

- We've agreed to buy the land and peel have given it over to Everton. We will pay for it and it will become ours legally upon completion of the stadium.

- The council and Everton have jointly agreed to enter into an SPV (a company created for a single purpose). This company will go to the market to raise the £300 million with the council as the "guarantor" for the loan.

- The loan money will build our nice new stadium.

- The SPV will own the stadium but Everton will receive all revenues from running it.

- Everton will pay interest to the SPV to service the loan and also give a payment to the council for being guarantor. This will be £14 million a year in total.

- At the end of the term (is it 30 years?) the loan will be paid off and the SPV will be dissolved.

- Full ownership of the stadium will pass to Everton.

All in all rubbish.

Nymzee · March 23, 2017

TheFinnFan said:
And notice that Juves stadion is only 41,000 and it is absolutely fantastic

Im not even a bit arsed if it would be 50,000. The final capacity will be carefully decided and it will be right one for our club.

It's brand new, it'll be state of the art, it'll be on the Mersey river...

Maybe people think because it might have a smaller capacity than Anfield it's not worth it.

Jamiednm · March 23, 2017

Moomin said:
Really don't think a stadium on the docks will cause a sponsor to pay more money.

I do. It'll be a prominent position, not in the sticks like the newly isolated Castle Greyskull.

Nymzee · March 23, 2017

MrGrumpy said:
Taken off NSNO

In bullet points

- We've agreed to buy the land and peel have given it over to Everton. We will pay for it and it will become ours legally upon completion of the stadium.

- The council and Everton have jointly agreed to enter into an SPV (a company created for a single purpose). This company will go to the market to raise the £300 million with the council as the "guarantor" for the loan.

- The loan money will build our nice new stadium.

- The SPV will own the stadium but Everton will receive all revenues from running it.

- Everton will pay interest to the SPV to service the loan and also give a payment to the council for being guarantor. This will be £14 million a year in total.

- At the end of the term (is it 30 years?) the loan will be paid off and the SPV will be dissolved.

- Full ownership of the stadium will pass to Everton.

Close but not quite right.

http://www.liverpoolecho.co.uk/news/liverpool-news/new-everton-stadium-money-from-12788250

allen · March 23, 2017

Moomin said:
It won't, they are concerned about global brand, TV appearances etc etc

A stadium on the docks would not matter to them.

Even if they only care about TV, a stadium on the waterfront looks more glamourous.

ALANSTUBBS · March 23, 2017

Is this right

Lets say for sake of argument EFC decide to lend the money from Prudential.

Peel lease the land to Prudential for 200 years who then in turn lease the land to the LCC SPV who the sub lease to EFC.

EFC pay back roughly 10 million a year plus 4 to LCC for securing the loan.

After 40 years we have the option to buy the lease from Prudential.

Do Prudential (the funder) own the stadium then?

So its not like a mortage in that respect?

Moomin · March 23, 2017

Jamiednm said:
I do. It'll be a prominent position, not in the sticks like the newly isolated Castle Greyskull.

Seriously, it won't.

Fedlingen · March 23, 2017

Could the LCC owning the stadium, come from Usmanov getting involved?

Thinking this wouldn't be allowed, due to his ownership of Arsenal, if we owned i outright?

Nymzee · March 23, 2017

Despite being the Echo this summarises it well for dumbasses like myself:

http://www.liverpoolecho.co.uk/news/liverpool-news/new-everton-stadium-money-from-12788250

Moomin · March 23, 2017

allen said:
Even if they only care about TV, a stadium on the waterfront looks more glamourous.

Won't matter, only concerned about data regarding web hits, TV figures etc.

Stadium in a city centre, suburbs or waterfront is not a factor.

Lee Smith · March 23, 2017

Taff said:
So this £14m figure....is this just the interest/whatever or does that include repayment also?

That has confused me a bit. If we borrow £300m over 30 years, the capital repayment on that is £10m per year, then add the "sevice fee" to LCC which is £4m per year (there's your £14m per year), but this still hasn't take into account the actual interest repayment to the lender (which I'm assuming would be around the £8m per year mark based on it being a "preferential" rate??).