New Everton Stadium

[Gardocki]

Some thoughts having read the last few pages:

The 14 million a year is likely to be a very small amount in 20+ years, so nothing to be stressed about. A very manageable debt.

Is Nelson Dock included. Bradley Moore alone, from what I can make out, is very narrow in terms of a stadium site, and has very few access points in the old wall. Delighted by yesterday's announcement, but was hoping they would confirm it's both docks.

It seems likely that the sale and leaseback of FF to the council, and subsequent sponsorship to USM was a test case for the stadium. USM Bramley Moore or the Megafon anyone?

 

[Kev50]

Why are you trying to figure out all the numbers behind it when we have an accountant as our majority shareholder?

Well, because I'd quite like to know what the deal is, given that the club is footing the bill?

 

[Foot Long Hot Dog]

It would be £24m a year though? And that is assuming no overruns on a base model £300m stadium. If w want the bells and whistles were prob looking st £400m (given that we are also building on a drained dock and there are sure to be overruns), so more like ££30m a year?

Where have you got £24m from?

 

[Kev50]

Some thoughts having read the last few pages:

The 14 million a year is likely to be a very small amount in 20+ years, so nothing to be stressed about. A very manageable debt.

Is Nelson Dock included. Bradley Moore alone, from what I can make out, is very narrow in terms of a stadium site, and has very few access points in the old wall. Delighted by yesterday's announcement, but was hoping they would confirm it's both docks.

It seems likely that the sale and leaseback of FF to the council, and subsequent sponsorship to USM was a test case for the stadium. USM Bramley Moore or the Megafon anyone?

So you're assuming this is an interest only mortgage? I.e. We will have the 300m still to pay off in 30 years?
If you add that To the current debts when the stadium is built the club is going forward with prob half a billion in debt, which is a lot of wonga for a football team in north west England. More pertinently, once the red noses wake up to a huge exposure there will be an avalanche of objections

 

[Kev50]

Where have you got £24m from?

£4.5 to LCC , ten mil interest, ten mil capital

 

[The binman chronicles]

It would be £24m a year though? And that is assuming no overruns on a base model £300m stadium. If w want the bells and whistles were prob looking st £400m (given that we are also building on a drained dock and there are sure to be overruns), so more like ££30m a year?

If you use something like this calculator you should be able to test out a few scenarios:

http://www.moneysavingexpert.com/mortgages/mortgage-overpayment-calculator#

I did a few based on 350m over 40 years using an interest rate between 1.7 and 3% and the monthly repayments are just over 1m to around 1.4m.

Add on the 4 million security payment to that and we get our annual commitment. So 14 million would sound right for a 300m stadium. Lets hope if it is more expensive (400-500m) they put a sizeable down payment so our annual liability does not exceed 25m.

Just did another quick example and 450m at 3% would be around 24m pa including the councils security fee.

 

[Foot Long Hot Dog]

So you're assuming this is an interest only mortgage? I.e. We will have the 300m still to pay off in 30 years?
If you add that To the current debts when the stadium is built the club is going forward with prob half a billion in debt, which is a lot of wonga for a football team in north west England. More pertinently, once the red noses wake up to a huge exposure there will be an avalanche of objections

Your pulling numbers out your hoop that make no sense.

As for the RS the whining beauts can stamp their feet all they like, it'll make no difference

 

[Foot Long Hot Dog]

£4.5 to LCC , ten mil interest, ten mil capital

Capital for what?

 

[Kev50]

Capital for what?

Jesus lad what do you think?
For the £300m, if we have any plans to, you know, pay it back

 

[Moomin]

Is the APR fixed? Or likely to go up if bank of England raises the base rate?? Not sure how government borrowing works??

 

[Eggs]

...and perhaps Goodison won't become a supermarket;

http://www.liverpoolecho.co.uk/spor...on-consider-preserving-goodison-part-12789865

 

[MikeH72]

You really think Farhad and LCC dont know who they can get to be the funder? Farhad is an intelligent man, he's got it all sorted.

I'm sure people still think we've got Bill Kenwright driving this. It's just been drilled into them for so long, they can't change it.

 

[Gardocki]

£4.5 to LCC , ten mil interest, ten mil capital

So you're saying that we pay back 800m for the 300m loan?

The figures quoted are provisional, but they seem to be suggesting that total repayments for the 300m will be 40 x 10m. Seems low, but everyone seems to be talking about how this allows us to secure a special rate.

I might be wrong, but I can't remember seeing that the 10 was just the interest payment.

 

[The binman chronicles]

Is anyone else worried that the launch video is filmed in front of a scale model of the Titanic?

Don't want to be pedantic but it's going to be a cunard liner, probably one of Mauritania/Lusitania or Aquitania.

 

[macdog]

RAWK provides its usual insight with this masterpiece...

"This whole crazy vanity project is one hell of an expensive way to simply try to get one over on the Redshite.

I don't know about heads falling off, but many bitter heads truly exploded and lost the plot once we built the new Main Stand.
Because of their monumental obsession with Liverpool they have been forced to go to extreme lengths just to try to save face and claw back some pride. OK, I'm no business brain, but does all this actually make good business sense at all? I wonder if their club are vastly over-reaching themselves in the service of trying to keep some sort of pace with us. You expect the fans to go overboard with ambitions they don't have to pay for themselves, but have the club also bought into that mentality too, now? Much of this seems to be based on little more than [Poor language removed] waving and trying to win bragging rights than it does common sense. It's a hell of a price to pay for a penis extension."

That's right mate.