New Everton Stadium

[brettangellnightporter]

It's just a figure, nothing set in stone. Wouldn't worry about it

At least let him dream of booooing lad

 

[jal123]

Actually it's £300m over 40 years isn't it, not 30. Therefore £7.5m pa capital

Not a chance this ends as a £300m investment.

 

[madkiwi]

Obviously a Blue....think He died before they were spawned...

I bow down to your impeccable logic.

All my concerns about the stadium name are assuaged.

 

[PeregrineT]

Dont get caught up in the "Have to purchase it after the lease ends". Its a mortgage in spirit, but for the benefit of the parties involved, its technically a lease. That means you have have to write it like a lease. You cant just slap the word "lease" on it and then write it like a mortgage, because if it ever came to court, the court would say its obviously a mortgage. So, part of that is a lease cant end with the person now owning the property outright, unless it has an option to buy at the end of it. That option to buy, MUST, by law have "consideration". That consideration can be $100,000,000.00, or it can be $1. It doesnt matter how much it is, but it MUST be there.

I can almost guarantee you, the option to buy at the end of the 40 years is $1. I work in real estate, albeit in a different country, but most countries real estate laws are based on the same general principles.

 

[TheFinnFan]

You're wrong, of course.

Im never wrong. X

 

[peteblue]

The only point which I don't understand is after the 40 year lease period we have the option to buy the stadium from the lender but I don't see any detail on this price? If it's massive, and we don't do it, I presume we enter another 40 year lease arrangement?

£1.......

 

[GwladysBlue]

The Club have already said they'll consult the fans regarding capacity etc, read that up before you start spouting shabite.

50,000 was just in the plans as a cost estimate, it doesnt mean its the ACTUAL capacity.

Why waste time and money on studies only to not listen to them and go off a higher capacity?

They know that the bigger the better for the ransacked, the know that nobody would want a 50k stadium, yet still base their studies off a 50k capacity.

 

[Efcjake]

How do you know he could? He has 300m in free capital?

I'd be willing to say he could get it. Doesn't even need it all up front.

His net worth went up by $500 million US over the course of last year.

Either way, any penny he could take out of his own pocket instead of out of a loan is a penny that doesn't cost us interest or council fees.

I'm sure him and Usmanov could work something out to free up the capital like they did last year with the sale of the Red and White Holdings.

 

[Efcjake]

The local kopites will benefit. They're just in the minority

They're the ones who will hate the most.

 

[Lee Smith]

Erm, we'll have paid it off after 40 years, so there is no 'price'. I think.

It will be an arbitrary nominal figure of £1 or something minimal like that, contractually agreed at the start of the 40 year term

 

[ToffeeTim]

So get your coat on
And get moooving
Cause we don't know the meaning of losing
So come on come on
GET DOWN TO BRAMLEY MOORE DOCK

OOOOOOOOOOOOOOOOOOOOHHH

EVVVVVVERTOONNNN

 

[jal123]

Im never wrong. X

Not in my eyes baby xx

 

[n01efc]

£1.......

You making that up?

 

[Connor]

So get your coat on
And get moooving
Cause we don't know the meaning of losing
So come on come on
GET DOWN TO BRAMLEY MOORE DOCK

OOOOOOOOOOOOOOOOOOOOHHH

EVVVVVVERTOONNNN

TT, if you're going to do the songs you can't moan, ok?

 

[TheFinnFan]

Not in my eyes baby xx

Thats what me mar ses