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New Everton Stadium

Kev50 said:
It means that the uplift we all have spoken about from having a decent stadium has been removed by a speculator. It means all the talk about Moshiris money has been a huge red herring. It means that The club had an 80 m debt when he took over and now has a 600m debt (an astonishing amount for a club based in Walton/the Docks), with a ten thousand increased capacity as the payoff.
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Looks like it will be 18k more and due to the premium seating it's more like 35 more thousand.

Not sure i follow in regard to the uplift of the stadium, someone always pays for the stadium unless you get one free like Man City. Spurs/Arsenal have done the same thing apart from they loaded the payments in the first years to try and clear off large debt, (due to higher interest rates i might add) the whole point of our way is to be able to put the naming rights income back into the team.
 
  • The stadium will cost £300M
  • External parties holding all revenues is not a problem
  • 40 years exposure to a massive debt is no concern
  • "The Mosh" has got this

....it just beggars belief.

It's like Johnson and Kenwright never happened.
 
davek said:
Because there's always someone out there interested in PL football clubs - especially with shiny new stadiums. And those new owners will get out with a profit too.
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Hang on, so now he's sold it on for a massive profit to someone who hasn't realised the funding model for the stadium is a massive pup, and this fella has managed to sell it on again at a profit to some other Billionaire mug who also didn't realise the massive 'problem' with this millstone.

I see....lol
 
The binman chronicles said:
Looks like it will be 18k more and due to the premium seating it's more like 35 more thousand.

Not sure i follow in regard to the uplift of the stadium, someone always pays for the stadium unless you get one free like Man City. Spurs/Arsenal have done the same thing apart from they loaded the payments in the first years to try and clear off large debt, (due to higher interest rates i might add) the whole point of our way is to be able to put the naming rights income back into the team.
Click to expand...
It's just that we've all lived with the fear that Bill would one day sell us to speculators who would rip us off and make a killing. Well it seems to be happening right now, but nobody is even asking questions. If it all goes through without a hitch, that much lauded increase in turnover won't be invested in the team, the new buyer who has had to borrow an extra 200m to buy the club in the first place will no doubt see that increase as part of the income he needs to pay off the now gargantuan overheads he has
 

davek said:
..oh, it looks like you just chose one of the package of financial solutions and isolated it as THE whole solution...hold on....
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No, I've just taken your example as to how clubs fund stadium developments and applied it to ours.

On the figures given, the lease costs could be covered in full by naming rights, given the size of these deals in the PL

We currently earn £0 in naming rights for Goodison, and if the new grounds costs are covered by a naming rights deal, I'd say that was a result personally.

You're tying yourself up in knots here. Carry on though :coffee:
 
Kev50 said:
Increase the club value by £200m? If tHat is true then surely we can all see how we've been played. We can see that, can't we?
Now you may say 'if Moshiri makes £200m having sold on the club three years after he bought it without putting a penny in then good luck to him'. Fair enough, I'll be sick though. It would make Gillett and Hicks look like freedom fighters
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A new stadium build will always result in an increase in the value of the Club. Even Kirkby would have seen an uplift due to the near thieving of taxpayer owned land in Knowsley. I'm truly baffled as to your point here.

davek said:
This stadium if built will be minimum £500M. MINIMUM.

If it's not it'll be a shed.
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Meis has said a quality build is c£6k per seat and £300m works out at 50,000 seats. I'm sure both those figures will increase but saying the ground will be 'a shed' based on what we know is frankly stupid.

Kirkby was a 55k capacity stadium and had a cost build of £78m, which is about £1.4k per seat. That really would have been a shed.
 
davek said:
  • The stadium will cost £300M
  • External parties holding all revenues is not a problem
  • 40 years exposure to a massive debt is no concern
  • "The Mosh" has got this
....it just beggars belief.

It's like Johnson and Kenwright never happened.
Click to expand...

Forgive my ignorance, but external parties holding all revenues.

Where has this been stated? If your referring to the very small possibility that the council will have access to a bank account where certain revenues are paid in I already understand that, but I am yet to see where it states all revenues are given to external parties (I am assuming generated from the stadium).

Genuinely not seen it so would be interested in seeing where you have got this point from..
 

I love the swings in this thread from utter doom to unbridled joy. My take if anyone cares is that at the heart of the doubts/criticisms there is a valid concern around long-term cost, lack of true ownership & no/low risk taken by Moshiri.

It isn't quite the money spunking billionaire of our dreams but nor is it a racket or a con. It is just a businessman doing business to potentially maximise his return at acceptable risk. To some extent everyone wins if it is successful as worst case we will be more attractive to new investors but Moshiri isn't a sugar daddy.

Moshiri has it in his power to dispel many of the doubts by putting just a small proportion of his own wealth at risk by providing £50-100m of the total cost either as interest free loans or new capital. There is no compelling business reason for him to do so but it is a gesture he could make if he wanted to reassure fans or fund a more expensive build. I doubt he will unless mood swings heavily towards the negative amongst the fan base and the media impairing our attractiveness to players/agents.

Most fans will, right or wrong, care more about how much we spend this summer forgetting that PL restrictions limit how much net we can spunk away. My prediction is a £30m net spend and a few more people in the doubters camp not because "Moshiri is a fraud" but because we are restricted by the rules brought in to prevent more Chelsea/City situations.
 
jinkyali said:
Forgive my ignorance, but external parties holding all revenues.

Where has this been stated? If your referring to the very small possibility that the council will have access to a bank account where certain revenues are paid in I already understand that, but I am yet to see where it states all revenues are given to external parties (I am assuming generated from the stadium).

Genuinely not seen it so would be interested in seeing where you have got this point from..
Click to expand...
Small possibility?

Think you need to read that council document again mate.
 

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