New Everton Stadium

[davek]

Where's the stadium money, nobhead

Bit harsh.

 

[davek]

Soz I meant Jose..

Ha Ha. Oh yeah, forgot about him. lol

 

[roydo]

It'd be his fault because he'd have locked Everton in to paying debt off across two generations, in which time the fortunes of the football industry will have inevitably fluctuated. Spurs' pay off period is a more manageable decade with a naming rights deal and share expansion doing the heavy lifting.

You cant dismiss every argument as 'agenda'. How on earth are you figuring that debt hanging over the club for 40 years is supportable?

Because that SPV thing is most likely just part of the whole picture. It shows LCC commitment to the kick start the whole Liverpool Waters thing. Until the whole funding scenario is actually signed and sealed, I wouldnt get too aeriated about it.

And even if the whole lot is funnelled through it, if, in 20 years time, we couldnt stump up the £14m or whatever it is, then the fluctuation in football finances would have put the whole game back in the 1970s.

 

[roydo]

There is a far bigger game being played out in all this Dave.

 

[Titus Bramble]

Christ alive

 

[davek]

There is a far bigger game being played out in all this Dave.

No doubt there is. The local state and local notable landowners are coming into contact with a football club. We better make sure that club isn't shackled to a financial nightmare package it'll never recover from.

 

[Jacko93]

You cant dismiss every argument as 'agenda'. How on earth are you figuring that debt hanging over the club for 40 years is supportable?

I think that prior to slating the man for the finance he has arranged, we should see what finance he has arranged first.

 

[toffee-boy]

davek is right, if Moshri isn't going to stump up the £300m+ in a single hit out of his own back pocket, I'm not interested he might as well not even of become a a major share holder, or setup the USM finch farm deal never mind putting in 80m to clear the books. lol

 

[davek]

I think that prior to slating the man for the finance he has arranged, we should see what finance he has arranged first.

The architecture of the deal is in place. There for all to see. No liability for Moshiri.

IMO he or hsi boss will stand to gain from it in three ways:

1/ if they are the/one of the funders into this SPV they will receive interest with the principal safe as houses

2 if Usmanov is involved they can make on infrastructure costs via their steel company (which has been used in stadia development)

3/ the sale of a club with a state of the art, dockside stadium in a world heritage site will make them a massive return on shares bought.

 

[roydo]

No doubt there is. The local state and local notable landowners are coming into contact with a football club. We better make sure that club isn't shackled to a financial nightmare package it'll never recover from.

I am very confident we wont be mate.

That passage in the SPV about LCC having first dibs on players and that is 0.00001% likely to happen, but its in there solely to give the credit rating bods the licence to grade the backing as copper bottomed. Hence low rate finance.

Arse covering exercise basically.

 

[davek]

I am very confident we wont be mate.

That passage in the SPV about LCC having first dibs on players and that is 0.00001% likely to happen, but its in there solely to give the credit rating bods the licence to grade the backing as copper bottomed. Hence low rate finance.

Arse covering exercise basically.

Maybe. But this is 40 years duration. Rewind 30 years and no one would look at a football club...they'd run away from them. The industry was on its knees.

This game runs in cycles.

 

[roydo]

Maybe. But this is 40 years duration. Rewind 30 years and no one would look at a football club...they'd run away from them. The industry was on its knees.

This game runs in cycles.

Doesnt everything?

Low risk funding for a commercial property, (which is what it actually is), is normal fare for the folk involved in this. Its what they crave. Low risk, guaranteed yield. Yeah, everything wobbles at times, but long term, its a dead normal property funding situation.

Next time you drive past a massive shopping centre where ever you live, ask yourself who actually funded it, and why.

 

[davek]

Doesnt everything?

Low risk funding for a commercial property, (which is what it actually is), is normal fare for the folk involved in this. Its what they crave. Low risk, guaranteed yield. Yeah, everything wobbles at times, but long term, its a dead normal property funding situation.

Next time you drive past a massive shopping centre where ever you live, ask yourself who actually funded it, and why.

Difference being that consumer demand for certain stuff ebbs and flows but, whatever, there will be takers for the commercial space a mall provides. In our example we are one of those particular consumer product providers at the mercy of the vicissitudes of taste.

 

[Foot Long Hot Dog]

I look at facts. The facts tell me he's done nothing.

You don't acknowledge the facts of what he's done, as they don't suit your nonsense agenda

 

[roydo]

Difference being that consumer demand for certain stuff ebbs and flows but, whatever, there will be takers for the commercial space a mall provides. In our example we are one of those particular consumer product providers at the mercy of the vicissitudes of taste.

Yep. No problem with that statement.

As is every single football club on the planet.

If the rest of the world tuned out of the PL, or, if the PL split into a proper Euro League, or if Sky and BT both went bust next Tuesday, then there would certainly be "issues" with the funding of any club.

Thing is, in long term property investment, you look at the risks, the probability of default. Do you know who actually own most Govt offices around the country, until such time the ownership passes to the Govt? Folk like The Pru, Standard Life, Aviva.

Reason? Guaranteed rental yield. Plus some Cap App, depending on the deal.

That, essentially, is what Moshiri has done here.Made EFC a AAA rated investment risk for funding vehicles to support our, and it will be our, ground.

BVI 8% to Govt backed AAA Rated.

But yeah, you are right. Done nowt.