New Everton Stadium

[LouReedwalkonthewildside]

The land at SBC has gone.

Phew......!

 

[Toffeeslam]

They're interconnected. The likely inflation of this stadium way beyond half a billion ramps up the exposure to borrowing by both LCC and EFC.

It's a crazy scheme. If Anderson gets his way and the council stick with the project then it'll be buried under so much objection that it's almost certainly getting kicked into the long grass until it's forgotten about.

What a load of crock

Who is objecting to this and for what reason ?

This type of scheme is neither unique or any more risky then developments of this kind.

Please provide any information to support your claims or site precedent that it will be blocked because of objections when this would create thousands of jobs badly needed in the city.

Go on Dave back up the chat

 

[The binman chronicles]

Because of parachute payments we would be OK for a season or two, you get £90m when you get relegated. The club are banking on a new stadium making £50m a year. That would drop in the championship, but even if it’s cut in half, we would still generate enough on match days to pay the council back. Based on the repayments of £18.3m a year to the council for the stadium, I don’t really see an issue, unless we are in the championship for a long time, then the stadium could be seen as a drain on potential transfer funds

The parachute payments are there simply to allow you to get your house in order to operate at the reduced level of income. This mostly revolves around player wages but can be the number of staff a PL team might employ compared to a FL team etc. Once a team goes down they are supposed to sell the highest earners who do not want to play in the lower division and renegotiate contracts of other players and any new players brought in have contracts that reflect the new situation. Any that don't want to move and want to stay on a fat salary hopefully will change their minds in due course or their contracts run out before the last payment by the PL is made 3 years down the line. (If the club haven't managed to come back up by then) As most contracts are around 3/4 yeats it really shouldn't be an issue unless you go handing massive 6 year deals out.

The whole point being as a club you have staffing costs and other operating costs, the loan fits to into the latter and determines the amount available for player contracts. There is no reason why a well run club (even one that is in a lower division over a long-term period) could not meet this sort of payment if they have budgeted correctly. As you mention the stadium brings in extra on its own which helps reduce the actual cost anyhow. The risk is minute.

 

[davek]

Where is the opposition? Once all is agreed, the finer details will be released to the public.

The ill-informed people who think that money will be coming out of services will need to put their ignorance aside and accept that it isn't.

This is the kickstart for a £5bn regeneration of a derelict area. The city are going to do all they can to start the project, if Moshiri's aim is to make money out of us, it is his biggest priority, too.

Spreading your own ill-informed negativity as fact is doing nobody any good, especially when things are already bleak for us on the pitch.

So as much as you want it to fail, Dave, just wait until we actually see it in black and white.

I think you have a naive belief about how these huge projects *move seamlessly*. We're nearly a year into this and even the finances are still being talked about. Moshiri himself - and with good reason - has talked up the many likely obstructions to this scheme.

 

[EFC78]

Just checked. No dates set for district auditor or cabinet to look at and approve anything yet. But not expected to be a problem. Both approved the original deal, and the new deal is better for the council financially. They are duty bound to approve it if it all stacks up - which it seemingly will.
Got to get through the 80 members who are voting for it on Monday first though.
Then it's full Council on Wednesday where Richard Kemp (Lib Dem) will almost certainly will have something to say about it - but Joe will have everything lined up to shout that down.

What I'm hearing overall is that it's "highly unlikely" that the Council will stop this from happening. Despite the metro mayor blow, Joe still has what he needs to get stuff done in Liverpool, even if his rep took a bit of a battering. He's still the main man in Liverpool at least and if he wants this to happen then it almost certainly will do.

Thanks for the update and that is what I would expect.

People on here make out like Anderson has no sort of influence at LCC and will be overruled instantly by dissenting Cabinet members who have seen through the deal. The reality is that he is very influential, and will be very persuasive in selling the benefits to the Council and the positive impact it will have on the City.

There may be some concerns from members of the Cabinet, but wouldn't guess that it will be significant enough.

 

[The binman chronicles]

They're interconnected. The likely inflation of this stadium way beyond half a billion ramps up the exposure to borrowing by both LCC and EFC.

It's a crazy scheme. If Anderson gets his way and the council stick with the project then it'll be buried under so much objection that it's almost certainly getting kicked into the long grass until it's forgotten about.

That assumes we a) go for the half a billion pound option, b) that we get the remaining difference in funding (if any is required) from other lenders and not 'in house' by raising equity/naming rights and so on, and c) that we don't get a fixed cost build.

Until we know all the parameters it is impossible to gauge the risk. Totally agree there will be a lot of councillors with sweaty bums during the vote as it could lead to a public backlash.

 

[wainy]

I don't see how any objections will hold providing the councils numbers add up, which, according to a post above, they do and the council will do very well from this deal. I don't see a long list of people waiting to redevelop the North end of the docks, and I think by hook or crook, this deal will get done. Too much money to be made for it not to go ahead now. Weather it's the world class arena we were promised remains to be seen, but ultimately I think Everton will eventually move to BMD.

 

[LouReedwalkonthewildside]

Haven't they said that we hope to be playing in a new stadium by the 2022/23 season, hmmmmmmm.....................

 

[davek]

What a load of crock

Who is objecting to this and for what reason ?

This type of scheme is neither unique or any more risky then developments of this kind.

Please provide any information to support your claims or site precedent that it will be blocked because of objections when this would create thousands of jobs badly needed in the city.

Go on Dave back up the chat

If this ever seriously gets up off the ground you'll see objections concerning transportation, conservation, and nearby authorities - depending on what's to be in the development (not nearly fleshed out thus far). That's besides any political opposition to the use of public funds for private developments / good practice over procurement.

A 5 billion pound scheme with the catalyst being provided by a council and you think that's going to be trundled through with minimum fuss? You're having a laugh.

 

[EFC78]

You won't be happy until Everton is reduced to three people and a dog watching some kids kick a football around a muddy field on a Sunday morning. Then you can be happy in your misery.

We are going to move to a brilliant and massive stadium on the waterfront. It will be glorious.

Dave complains about the club not progressing, and when we try to, he has to try and put his negative spin on it. The club cannot win with fans like him, he seems to have this desire to find fault in almost everything about the club.

What a load of crock

Who is objecting to this and for what reason ?

This type of scheme is neither unique or any more risky then developments of this kind.

Please provide any information to support your claims or site precedent that it will be blocked because of objections when this would create thousands of jobs badly needed in the city.

Go on Dave back up the chat

He loves using the word risk to make the project sound negative, or as if it is about to fail. You could use the word risk in association with any major project including all new Stadium builds. Anyone would think he doesn't actually want to see a top class Stadium built at BMD so he can continue to be negative in pretty much every post and say 'I told you so' to those on here he enjoys winding up.

 

[Toffeeslam]

If this ever seriously gets up off the ground you'll see objections concerning transportation, conservation, and nearby authorities - depending on what's to be in the development (not nearly fleshed out thus far). That's besides any political opposition to the use of public funds for private developments / good practice over procurement.

A 5 billion pound scheme with the catalyst being provided by a council and you think that's going to be trundled through with minimum fuss? You're having a laugh.

So you got nothing then

You said and I quote that this would be buried under the objections so other than you or some kopite’s who has/will object ?

And BTW a scheme this big will always have risks that’s just stating the obvious and does not mean it will all fail.

So yeah I’m having a laugh but at you

 

[Toffeelover]

I think you have a naive belief about how these huge projects *move seamlessly*. We're nearly a year into this and even the finances are still being talked about. Moshiri himself - and with good reason - has talked up the many likely obstructions to this scheme.

Have not answered the question Dave to the post by Toffeeslam and Gwladysblue - where is the opposition? details?

 

[Gardocki]

Every major development will have opposition, this is likely to have more than others.

The funding (council), and challenges that may come with building on the dock will be the two biggest hurdles.

While major developments do usually have some opposition, the council will only consider serious/credible objections. These usually come from residents in the immediate vicinity. There aren't many residents that will be impacted here. The stadium is part of a larger docklands redevelopment that will be a huge boost to the city. Infrastructure is being prepared to cope of the redevelopment of the area. I doubt that there will be many credible objections to the PP.

 

[The_La]

Thanks for the update and that is what I would expect.

People on here make out like Anderson has no sort of influence at LCC and will be overruled instantly by dissenting Cabinet members who have seen through the deal. The reality is that he is very influential, and will be very persuasive in selling the benefits to the Council and the positive impact it will have on the City.

There may be some concerns from members of the Cabinet, but wouldn't guess that it will be significant enough.

Quite. People in the cabinet - any cabinet - will often be there because of the relationship they have with the leader. It is not in their personal best interests to go against the leader on anything. Especially something like this - and against a character like JA.

 

[royalblue66]

Dave complains about the club not progressing, and when we try to, he has to try and put his negative spin on it. The club cannot win with fans like him, he seems to have this desire to find fault in almost everything about the club.


He loves using the word risk to make the project sound negative, or as if it is about to fail. You could use the word risk in association with any major project including all new Stadium builds. Anyone would think he doesn't actually want to see a top class Stadium built at BMD so he can continue to be negative in pretty much every post and say 'I told you so' to those on here he enjoys winding up.

It's always a calculated risk.