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New Everton Stadium

davek said:
I think the reverse point could be made about a council exposing itself to the vagaries of the football industry for 40 years and pose the question about civic governance.
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Close to zero risk for LCC Dave. Hence the SPV thing, enabling the funders to pay a lower rate of interest.

If events coincide in a way that LCC lose on this deal, then basically the whole Liverpool Waters development will be, literally, under water. Its a kick start to the whole thing.
 
maccavennie said:
sounds crap that Dave. I used to love Subboteo but not for playing as it was as boring as anything but for the stands you used to be able to buy and accessories. Had a boss book with everything you could purchase.....not that I had enough money to get it all, my stadium ended up looking like Plough Lane.
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Did you have these?

search
 
nsno-chris said:
You mean the illegal activities of the Icelandic banks who provided no insurances to cover any losses. And it wasn't just LA's Dave, charities and private organisations lost on their collapse.

Maybe they just have invested with a financial institution like Lehman brothers or Barings bank......oh wait
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I'm merely pointing out that there are no certainties in business deals and that exposure to football clubs (and exposure of football clubs to lenders over decades) carry risk.
 
davek said:
I'm merely pointing out that there are no certainties in business deals and that exposure to football clubs (and exposure of football clubs to lenders over decades) carry risk.
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Of course they do, that's why the council have dibs on any income and worthwhile asset if it goes belly up.

But it won't, the stadium will be built on the banks of the royal blue mersey, we'll go into orbit and rule the footballing world
 

roydo said:
Close to zero risk for LCC Dave. Hence the SPV thing, enabling the funders to pay a lower rate of interest.

If events coincide in a way that LCC lose on this deal, then basically the whole Liverpool Waters development will be, literally, under water. Its a kick start to the whole thing.
Click to expand...
I'd keep a close on the costs of this stadium. They'll double in the final analysis. There's going to be a half a billion needing paying back over decades and that offers a lot of scope for the situation to change and terms re-written.
 
davek said:
I'm merely pointing out that there are no certainties in business deals and that exposure to football clubs (and exposure of football clubs to lenders over decades) carry risk.
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Of course. Risk in many forms is an omipresent.

The trick is to minimise what you can, which is what this deal has done.

Hasnt eliminated risk. No one ever can.

North Koreas next missile test could go wonky and wipe out the whole docks. Ultra fit ex footballer aged 43 could have a fatal heart attack.
 

davek said:
I'd keep a close on the costs of this stadium. They'll double in the final analysis. There's going to be a half a billion needing paying back over decades and that offers a lot of scope for the situation to change and terms re-written.
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True, probably. And the chances of either of us being alive when EFC "Own" the whole shebang, is unlikely.

In the mean time, given a fair wind, to all extents and purposes, it will be the home of Everton, Everton will get the gate money, and all that corporate stuff, Everton will benefit from naming rights, etc etc.

The FUNDING, well, a large portion of it, has been underwritten.

LCC get a guaranteed income stream for doing not that much. Liverpool Waters/Peel get a kick start, and yeah, tons of rich blokes will get richer. Hey ho. So will we.
 

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