dunno mate, the Mosh knows more about these things than me so my bedwetting and spending hours poring over the fiscal details won't change anything, but I suppose i could win the internet if I am proved to be right.
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New Everton Stadium
- Thread starter D410
- Start date
ryanbeno80
Player Valuation: £750k
The conclusion I gathered is...
- EFC and LCC will form a SPVcompany together. This SPVcompany will receive the funding, pay for the stadium, own the stadium, maybe maintain + operate ect.
- EFC will own SPVcompany, the council are just on-board to give added confidence to potential investors.
- Due the confidence the council bring, the SPVcompany will pay lower interest rates on the loan. EG. We save 8 mil a year interest and we pay the council 4 mil of that saving as a fee for them guaranteeing the loan, so we would still be 4 mil better off (Completely made up figures).
- EFC will lease the stadium off the SPV company for probably the annual loan payment + 4mil to council + maintenance minus any naming rights.
- EFC will still own the stadium as they own the SPVcompany stadium which owns the stadium.
- EFC could end up paying £0 per year if naming rights covers loan payment + council payments + maintenance operation.
- Ticket money plus all other stadium revenue in EFC's back pocket.
- EFC Win the lot.
Is this about right?
- EFC and LCC will form a SPVcompany together. This SPVcompany will receive the funding, pay for the stadium, own the stadium, maybe maintain + operate ect.
- EFC will own SPVcompany, the council are just on-board to give added confidence to potential investors.
- Due the confidence the council bring, the SPVcompany will pay lower interest rates on the loan. EG. We save 8 mil a year interest and we pay the council 4 mil of that saving as a fee for them guaranteeing the loan, so we would still be 4 mil better off (Completely made up figures).
- EFC will lease the stadium off the SPV company for probably the annual loan payment + 4mil to council + maintenance minus any naming rights.
- EFC will still own the stadium as they own the SPVcompany stadium which owns the stadium.
- EFC could end up paying £0 per year if naming rights covers loan payment + council payments + maintenance operation.
- Ticket money plus all other stadium revenue in EFC's back pocket.
- EFC Win the lot.
Is this about right?
It's a long way from the Winslow where I've gone after the match since the 60sIt's a long walk from County Road
toffee-boy
Player Valuation: £15m
So we pay 30m to peel for the lease of the land for 200 years?
So what happens in that 200 years if peel becomes no more, the go bust or sell the lease to another company? Can they say errmm don't really like your stadium being their you need to move or we will up the ground rent?
So what happens in that 200 years if peel becomes no more, the go bust or sell the lease to another company? Can they say errmm don't really like your stadium being their you need to move or we will up the ground rent?
No I don't think so. The SPV will be solely owned by LCC I believe.
- The Funder will grant a 40 year lease to a wholly-owned subsidiary company of LCC, a “Special Purpose Vehicle” (SPV).
Azza
Player Valuation: £80m
The SPV is not owned or formed by the club, it is a council entity.
The SPV has no ownership of the stadium or land, the SPV is getting a 40 year sub-lease from 'The Funder' who will have a 200 year lease.
Roztitute
Player Valuation: £60m
What do we all think will happen to the area surrounding it?
Would love to see new pubs/bars/restaurants open but in fairness, seeing as it's not really a residential area like Walton and there will only be games every 2 weeks, there might not be. I have seen a few bit sent around about the North Docks being regenerated into a new "cultural hub" and the like, would be great if our ground was indeed part of a wider redevelopment of the area. Every time I drive down the Dock Rd, with all the abandoned pubs, you can't help but think of how busy it must have been back in the day!
Would love to see new pubs/bars/restaurants open but in fairness, seeing as it's not really a residential area like Walton and there will only be games every 2 weeks, there might not be. I have seen a few bit sent around about the North Docks being regenerated into a new "cultural hub" and the like, would be great if our ground was indeed part of a wider redevelopment of the area. Every time I drive down the Dock Rd, with all the abandoned pubs, you can't help but think of how busy it must have been back in the day!
ultra
Player Valuation: £15m
The legacy we are going to leave is an extension of our fantastic EITC programme. So much better than forcing people out of their homes and running the whole area into dereliction. What kind of club would do that?
Mikeonlythebestwilldo
Player Valuation: £20m
And making the council pay 24 million of tax payers money like to regenerate the area back up
Alright, what about naming the thing? I'd like to propose the name "Royal supreme King of Thailand Vajiralongkorn and his brilliant elephant not-oddly-tasting beer colosseum of joy"
Seriously though, how is a stadium name not going to make us cringe? Anyone gather we might get away with not getting a naming deal?
Seriously though, how is a stadium name not going to make us cringe? Anyone gather we might get away with not getting a naming deal?
Mikeonlythebestwilldo
Player Valuation: £20m
Megafon arena !
If anyone can upload this to play on demand, or find an on demand style link - a lot of blues will be grateful. Listening now, really insightful.
Definitely going to have a sponsorship deal for it, will go some way to increase funding for players and wages.