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New Everton Stadium

SingBlue said:
A lot of the Arsenal funding also came from the development and sale of flats at the old Highbury. There was a bit of a lull in the property market for a couple of years which had them sweating, but as usual it recovered more quickly than anywhere else and they made bank in the end.

A few years back when we played them at Goodison (lost 1-0, Drenthe had good goal chalked off for offside) I was talking in a lounge after with some of the financial execs from Arsenal. Yes the 10 year deal with Emirates for naming rights was mega when it was signed, but the danger with these things is they get left behind quickly. Man U had a better kit sponsorship deal by the end of it. It was good money (more than we can dream of with our commercial nous) but at the time when I spoke with them, they were counting down the days till it ended.
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Also a lot of TV money floating about these days, of course finishing in the bottom half doesn't help
 
Wasn't there something in the latest accounts that said that we are now breaking even, when previously we had loans of £60m?

Surely with the new TV money we could borrow against that and use the money to pay for a new stadium? It may not be ideal, but it would at least be a way forward.
 
OneTrueLegend said:
Wasn't there something in the latest accounts that said that we are now breaking even, when previously we had loans of £60m?

Surely with the new TV money we could borrow against that and use the money to pay for a new stadium? It may not be ideal, but it would at least be a way forward.
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I'm pretty sure I've heard something similar. This new TV money has basically wiped our debts out.
 

Gross debt increased this year to £49m, of which £22m is tied up in a long term deal from Bear Sterns that doesn't benefit from being paid off early.

If the stadium is going to cost roughly £250m and (best case) there is £50m in naming rights plus about £20m from the council, then overall the club is likely to have gross debt of well over £200m at the end of getting this stadium built. And the returns are likely to be circa £10m per year in increased revenue.

I'm not convinced this is worth it. Even if a club with a shiny new stadium is more attractive to buyers, then this is offset by the debt that comes with it.

If anyone knows better, please tell me
 
Visitor22 said:
Gross debt increased this year to £49m, of which £22m is tied up in a long term deal from Bear Sterns that doesn't benefit from being paid off early.

If the stadium is going to cost roughly £250m and (best case) there is £50m in naming rights plus about £20m from the council, then overall the club is likely to have gross debt of well over £200m at the end of getting this stadium built. And the returns are likely to be circa £10m per year in increased revenue.

I'm not convinced this is worth it. Even if a club with a shiny new stadium is more attractive to buyers, then this is offset by the debt that comes with it.

If anyone knows better, please tell me
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Agree with this. Incremental rebuilding is the best way to go unless we land on our feet sugar-daddy wise.

Cannot believe how many do not understand the bit in bold either
 
Surely that TV money is for PL teams. Considering that we're not far off a relegation battle, it'd be awfully risky to embark down the Stadium path when that TV money is not 100% guaranteed just yet!
 

TheFinnFan said:
Wonder if that tv money helps...maybe but doubt it has crucial effect
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It helps in that the £49m of debt doesn't look nearly as scary when you've got £80-90m of TV cash coming in every year, and my bet is that it will double by 2020. The problem is that every other club also gets it and most of it will end up getting thrown at the players (watch the FFP caps get thrust upwards when the next deal starts)

Thing is though, matchday revenues are currently only 16% of turnover and an extra £10m won't be significant when TV revenues go over £150m a year - so is it worth investing approx £200m for? If you're not in London or have consistent CL to sell corporate seats on, then my guess is that matchday revenues will stop being worth chasing within the next five to ten years
 
OneTrueLegend said:
Wasn't there something in the latest accounts that said that we are now breaking even, when previously we had loans of £60m?

Surely with the new TV money we could borrow against that and use the money to pay for a new stadium? It may not be ideal, but it would at least be a way forward.
Click to expand...

Not sure what you're referring to mate as borrowing actually went up in the last accounts despite the extra TV money
 

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