New Everton Stadium

[toffee-boy]

"Innovative" "clever"...these words dont sound right.

Strip away all the spin and what we're left with is a £500M debt to pay off with absolutely nothing so far to suggest we can become a success on the pitch or that such a project will be funded.

Sorry, it;s madness., I stopped falling for that BS at this club a long time ago. I suggest others do too because imo if it gets off the ground we will be in major trouble at some point in years to come.

just out of interest, what would you your idea be / vision on everton progressing be? would you just stay at goodison? and hope to get europa every few years? (its not a dig, just intrigued)

 

[billytoffee]

You can see 40 years into the future to assure us all that a ball park £500M debt (because that's what any stadium down there at the docks WILL be) can be serviced can you? You can predict the vagaries of trade and consumption patterns will remain non-problematic and allow for the club to take on half a billion in debt over that period and also spend out to become a force again in football?

Could be using the same crystal ball that you use to keep telling us we are all doooooomed !

 

[EFC78]

just out of interest, what would you your idea be / vision on everton progressing be? would you just stay at goodison? and hope to get europa every few years? (its not a dig, just intrigued)

You won't get a response from him because that would require him to open himself up for criticism. What he prefers to do is take up a position where he can criticise the club knowing full well that people can't disprove his opinion because it hasn't happened yet. That's why he is now boring everybody with the notion that Moshiri has entered us in to a huge risk as we don't know what will happen in the next 40 years.

He plays this game very well. Quite why he can be arsed 'playing this game' in 99 posts out of the 100 he makes is beyond me though.

 

[Jeff Jones]

It's all about potential, feasibility and achieving the clients brief. I'd love to know what Everton's brief is. There is so much work ahead and I personally would be surprised if a planning application was made before September.

I hope you're right. A few pages ago it was stated that it wouldn't be submitted until 2018.

 

[The binman chronicles]

If we can't afford to pay out 14mill a year then it won't just be us in trouble every club in the land will be because it either means football has fallen off a cliff.. or we are all dead...

If the TV deal ends it would be even more important to have a bigger stadium with more corporate seating to help fund the team. Or in a real doomsday scenario you can have cheaper tickets because you have more to sell.

There is also the fact that say we did struggle to pay the monthly repayments in 20 years time, we would owe a whopping approx. £250 million on it! Just as 20 years ago what costed £150m would now cost over £500m, so you can safely assume that would then be over £1 billion come 2040. So we have a 1 billion pound asset in the heart of the city, I think a £250 million mortgage would still be quite attractive to would be investors.

The stadium is likely to bring in more than 14 million pounds extra a year, so if we can't afford the repayments then one would assume we would have the same problem at Goodison that isn't even worth 20 million and by that stage would have 2 stands that are over a hundred years old.

Dave economics are just contrary to what the club is doing. If we said we would stay at Goodison he would bemoan a lack of vision.

 

[QLDBlue]

How much did we used to have to pay year on year in just interest payments!?! We're now free of that and with increases in other revenue streams the 14m per year should be more than serviceable. That's even before you start including extra revenue the ground and surround will bring in!

 

[everton2004]

Unless you have access to a time machine, then "certainty" is a buzz word nothing more (unless you're talking about either death or taxes). Business works by making predictions, or projections. In other words - guesses.

Moshiri and his team will have crunched the numbers on this project so I have full faith that the innovative funding structure for the new stadium is a fully viable one.

 

[Brisan123]

i wish all you lads would stop being so positive
After 50 yrs I find it quite disconcerting
It's not Everton all that positivity.
It's true and well founded just a bit surreal lol

 

[Brisan123]

Unless you have access to a time machine, then "certainty" is a buzz word nothing more (unless you're talking about either death or taxes). Business works by making predictions, or projections. In other words - guesses.

Moshiri and his team will have crunched the numbers on this project so I have full faith that the innovative funding structure for the new stadium is a fully viable one.

A world class accountant with billionaires for clients crunching numbers and acting on results is not how @davek sees it
It's all a scam , a glorified pyramid scheme
We will fail to pay for the stadium , it'll be repossessed and sold to Tranmere Rovers for 50 grand in a fire sale.

 

[willo30]

You can see 40 years into the future to assure us all that a ball park £500M debt (because that's what any stadium down there at the docks WILL be) can be serviced can you? You can predict the vagaries of trade and consumption patterns will remain non-problematic and allow for the club to take on half a billion in debt over that period and also spend out to become a force again in football?

I didn't think any debt was on the club. I may be wrong (I am usually) but I thought there was going to be a new company set up that will service the debt. Yes this company will take the required monies owed each year from the stadium revenue but as the predicted revenue is due to rise then I don't see how it's an issue. Non football revenue could be easily raised due to it being on the docks and easily accessible. I believe music events raise a couple of million a show. Then there's crappy little 4 team tournaments which probably raise the same over 2 days. Then there's naming rights. I just don't see how paying for it is going to impact on us generating more money for players. No matter what way we look at it we will need to be badly mis-managed to not make money out of it.

 

[davek]

Do you have a mortgage on your house? If so did you predict the future to see if you could still afford it? What if you lost your job? What if you became too ill to pay for it? What if lots of things... as I've said before life is about risks... this is a risk worth taking with minimal outlay for us..

If we can't afford to pay out 14mill a year then it won't just be us in trouble every club in the land will be because it either means football has fallen off a cliff.. or we are all dead...

It's the club's officer's job to do the what ifs and try and minimize them.

Look, there's no getting away from this fundamental fact: this would be a half billion pound debt that will hang over a company which is part of the entertainments industry for 40 years. If I put it in those basic terms does it get through any better? Changing conditions WILL occur throughout that period, both for the club (good or bad) and the industry itself (good and bad).

Is it a sensible risk to place an institution that's got by for 139 years by acting in a largely logical and conservative manner?

 

[davek]

Business plans and repayment structures are always based on future projections. Nobody can see into the future, but it doesn't stop the business world from functioning.

Would you prefer Everton to stagnate at Goodison Park and never borrow money?

No, I'd prefer the club wasn't exposed for four decades to a half billion pound debt.

I cant believe how cavalier so many apparently are about this scheme. I get the fascination with the dockland stadium, I really do. But it shouldn't mean that all sense is thrown out the window to make it happen.

 

[davek]

It's amazing how all these multi billionaires make money, it's almost like they have business plans in place with a solid structure and critical risk and failure points built in to minimise any unforeseen problems.

Don't worry Dave, you've cracked it all whilst sitting on a forum. I'll have to get rid of my house now, I can't predict what will happen so I'm better safe the sorry. So what if it appreciates in value, I'll take that as a win

Stop genuflecting to people with money. Most of them steal it anyway. They dont know anymore than you or I.

 

[davek]

just out of interest, what would you your idea be / vision on everton progressing be? would you just stay at goodison? and hope to get europa every few years? (its not a dig, just intrigued)

Everton should have redeveloped Goodison. It's been done to death why we should stay there, so i wont elaborate. Suffice to say if the will was there it could be done. I suspect it wont be contemplated because owners cant increase the value of their shares via a redevelopment as much as they could by building a new one.

 

[pablo 1878]

What is there to dislike? We need a new stadium. The stadium will be funded via a financing arrangement to be paid off by the club using revenues. Did you really think that Moshiri would just come in and pay for a new stadium out of his own pocket??

I suppose we could just say at Goodison and do nothing while the place crumbles around us...