New Everton Stadium

[The Cowboy]

Freehold means you own the land outright (unless the Queen takes a fancy to it, or if, as recently changed by our caring, sharing government, the state permits an oil company to frac it from underneath) . Leasehold - I remember being advised never to buy leasehold, means the owner can set and change terms at the end of the lease, plus make you culpable for all kinds of "maintenance" charges. Now, suppose a club had invested hundreds of millions on a stadium on your land, and 40 years later the lease was up to be re negotiated. Is a club in a position to walk away from a deal it doesn't like and build another stadium?

Don't worry, in 40 years, we will own Peel

 

[The binman chronicles]

A question I have about this financial set-up is if we're paying the council a security fee of £4m-£6m, then doesn't that significantly reduce the profit we would be making p/a from moving stadium?

Sort of takes away one of the main reasons for moving.

Sorry if this has already been asked.

Any new stadium has to be financed and will make a dip in the return but unlike Arsenal who had to heavily pay off the Emirates to start with (which is normal when TV deal income is only guaranteed a few years at a time) leaving them with little to spend for a few years, we are getting ours on the drip.

What makes this great though is that as interest rates are low it enables us to make sensible and affordable repayments. If you say we have 15,000 extra seats and we sell them on average for £35 (bear in mind that the premium seats that we add will sell for much more - leaving room to discount others) that should generate £10 million more a season not counting cup games. The likely figure will be higher as i have been conservative with the calculations. The esk believes they will get the same income again from just the Premium seats as what we get now.

If naming rights covers most (if not all or even more) of the yearly repayments, we are getting that income coming in that we can directly use to improve the squad.

It will drive the price of the club up, get us near the top of world football's largest earners. Not to memtion moving will drive increases in other revenue streams, like sponsorship deals, tourism due to the location etc. etc.

 

[Philw]

Was my birthday yesterday, but was hardly on here/bbc etc. This has turned out to be possibly the best late birthday present ever

 

[devo85]

You're all missing the point. Where's the PPI ?

We can claim it back in 10 years time and make a killing....

 

[The binman chronicles]

You're all missing the point. Where's the PPI ?

We can claim it back in 10 years time and make a killing....

That's the council's security fee.

We will say we were forced into it when we could easily afford the loan repayments and claim it all back!!

 

[Jamiednm]

Given the magnitude of the announcement, this thread has turned in to snooze central. How many times does the financial model have to be explained?!

 

[Dom1878]

60,000 seats is a must if we want to show our ambitions. People say 60,000 is alot, but with a modern stadium, 10k seats being corporate, it's perfectly feasible. But in the premier league soon...

United - 76k
West Ham - 60k
Chelsea - 60k
Tottenham - 60k
Arsenal - 60k
Man City - 55k
Liverpool - 55k
Newcastle - 52k

 

[ToffeeDan]

Talk now turning to what to do with Goodison.

Imagine how much good for the community they could do by saving part of the footprint - and perhaps:

Selling the old seats (not for £150 though!!) for Charity. Selling iconic items (that they don't want to keep in a museum at the new location)
Using materials - where possible - for recycling.

Please contribute some ideas - we should process the best of them and forward to the club.

 

[SpongeBob brown shoes]

Really happy about this deal the more I think about it, not only has Moshiri worked out a sustainable deal for the club to pay back which will free up money to invest in the squad, he has also thought about Evertonian's

Moshiri and Usmanov released a statement at Arsenal about how they didn't agree how the Emirates was funded as the club was sadled with big debt for years (they had to qualify for CL every year or the s**t hit the fan) plus the fans got hit with the price of season tickets, something like £1400 for one

They said long term sustainable debt was the better way to go, and that's exactly what's happening here, so hopefully that means we won't be priced out of the game in order to pay for the stadium

 

[when i score we riot]

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

Well, it's not pedantic if it's useful information. Still though, connotations and all that.

Next up: Who wants to start a betting pool to estimate the date they actually start contruction? Meaning, first shovel dig into the ground, like. I'm guessing march 2021.

 

[The Cowboy]

Was my birthday yesterday, but was hardly on here/bbc etc. This has turned out to be possibly the best late birthday present ever

Mine too mate, happy birthday!

 

[Philw]

Mine too mate, happy birthday!

And to you!

 

[tmgc]

Talk now turning to what to do with Goodison.

Imagine how much good for the community they could do by saving part of the footprint - and perhaps:

Selling the old seats (not for £150 though!!) for Charity. Selling iconic items (that they don't want to keep in a museum at the new location)
Using materials - where possible - for recycling.

Please contribute some ideas - we should process the best of them and forward to the club.

Use the street end as a home for juvenile wool delinquents, keeping the tradition going.

 

[The binman chronicles]

Well, it's not pedantic if it's useful information. Still though, connotations and all that.

Next up: Who wants to start a betting pool to estimate the date they actually start contruction? Meaning, first shovel dig into the ground, like. I'm guessing march 2021.

Trick question surely as we are filling to the level we need!

 

[Brendan Janus]

It's a long walk from County Road