New Everton Stadium

[KUEFC09U2]

he also said mirallas was signing a new contract 2 days ago. oh and goodison wouldnt get a safety certificate

Koeman also said mirralas has agreed terms? And?

 

[ToffeeTim]

Every time either Bill or Elstone open their mouth, the stadium becomes a less likely proposition. They are born losers.

 

[mightymoyes]

Koeman also said mirralas has agreed terms? And?

theres a difference, you having difficulty?

 

[Saint Domingo]

If it's smaller than Liverpools that tells you everything you need to know about this board.

 

[RobSpurs]

But its not going to be a 50,000 seater.

Kenright said that he has been convinced by the advantages of a standing section. If we can get just one side
a standing terrace then the capacity should exceed Anfield - and that is crucial - without much difficulty.

Not sure how simple it'll be to get Parliament to back the change which will bring in safe-standing in England. Wouldn't put all your eggs into that basket. Obviously future-proof the design to allow for it but I would think the capacity needs to be of a decent size without safe-standing.

 

[Bullet]

"Everton... agreed to acquire a site at Bramley Moore Dock... from Peel Holdings, subject to planning consent."
From the official Everton site. Seems to confirm that the site will be paid for only after the granting of planning consent. It's the first time I've seen that.

 

[bazzer25]

We will be paying for the stadium in full, which we already knew, this deal is good for the club and city. If Everton can't afford to pay for it all within the 40-yrs we might as well give up now and cease to exist. Time to move forward.

 

[bazzer25]

Not sure how simple it'll be to get Parliament to back the change which will bring in safe-standing in England. Wouldn't put all your eggs into that basket. Obviously future-proof the design to allow for it but I would think the capacity needs to be of a decent size without safe-standing.

I believe there is a standing system that does meet the safety requirements in England already.

 

[CrustySack]

In a way, yes.

But we have a world heritage site here and the pressure is surely on to make this stadium state of the art and a big aesthetic statement to the world?

I just hope the club dont think that the location is the big deal and then place a perfunctory stadium in it.

I've also been pondering this scenario since March. It wouldn't surprise if the club were using the brownie points and goodwill gained by obtaining the Bramley Moore location to compensate for a cheap stadium. £300 million is not going to be enough to build an iconic stadium.

 

[eddy]

How do you know the interest rate will be far more? You don't know anything more than anyone else

Arsenal capital assets would be greater than ours, turnover, land value overall assets plc a lot higher than ours
Loan to value less risk as assets outweigh debts ...... then again I may be wrong and its only my opinion

I am assuming a more favourable rate for us as the Council are standing as guarantor. The figures that we are giving them for doing so over 40 year are to me `astronomical`, hence why I would suspect any prudent business would want to pay this debt down sooner rather than later. I struggle to see any benefit of this funding model based upon the limited information available so far.

If we have a billionaire owner bought in at 49% I do not understand the funding model. Common sense dictates with no debt we are worth more
why straddle us with a huge debt for 40 years ?

 

[orly]

How do you know the interest rate will be far more? You don't know anything more than anyone else

Hahahahhahahahaha

 

[colin t]

I've also been pondering this scenario since March. It wouldn't surprise if the club were using the brownie points and goodwill gained by obtaining the Bramley Moore location to compensate for a cheap stadium. £300 million is not going to be enough to build an iconic stadium.

How much will it take to give us an icon though Crusty?

 

[IllinoisBlue]

I've also been pondering this scenario since March. It wouldn't surprise if the club were using the brownie points and goodwill gained by obtaining the Bramley Moore location to compensate for a cheap stadium. £300 million is not going to be enough to build an iconic stadium.

I thought $300M was just the loan, not the cost of the stadium. Won't there be additional funding through naming rights, etc?

 

[roydo]

I thought $300M was just the loan, not the cost of the stadium. Won't there be additional funding through naming rights, etc?

Thats my take as well. It showed the wider property investment market that LCC, Peel, et al, are kick starting the whole North Docks development, via key support for the Stadium.

If the name I heard is interested, it worked.

 

[Eggsyblueskin]

Arsenal capital assets would be greater than ours, turnover, land value overall assets plc a lot higher than ours
Loan to value less risk as assets outweigh debts ...... then again I may be wrong and its only my opinion

I am assuming a more favourable rate for us as the Council are standing as guarantor. The figures that we are giving them for doing so over 40 year are to me `astronomical`, hence why I would suspect any prudent business would want to pay this debt down sooner rather than later. I struggle to see any benefit of this funding model based upon the limited information available so far.
If we have a billionaire owner bought in at 49% I do not understand the funding model. Common sense dictates with no debt we are worth more
why straddle us with a huge debt for 40 years ?

As far as I know successful businessmen do not generally use their own personal wealth to fund their companies they use their wealth underwrite loans . I believe this was effectively themethod John Moores used to great effect.
It should also be remembered that Moshiris estimated wealth is given as two billion this doesn't mean he has a bank vault full of unused tenners, much if not most may be in the form of shares, property etc. and not easily accessible. In order for him to fund the stadium he would have to realise the value of this 'on paper money' or , ironically , raise a loan against it.
As I understand it Moshiri is ensuring that during the building of the stadium that the football side maintains adequate funding which is imperative.
Finally the fact that the model being used benefits the city financially is something I'm very happy and proud off. That in building our stadium we are able to help our city maintain services in the face of a political party that is hostile to the north in general and who seem to be determined to erase Liverpool from the map entirely, by starving the city and the region of resources.