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That suddenly sounds not quite so good. That could mean he has got to raise the extra cash and not that it's directly coming out of his bank account interest free.
You just know that Long John Silver’s treasure is going to be found when they drain the Dock, putting to bed the stadium.
Yeah, feeling a lot more confident about this going ahead now.Random objections will be par the course. IMO, all the planning has been soft soaped ages ago.
If the cash is secured, its done. End of.
USM Dave???
75% ownership is pretty secure. What would be the point in registering a 2nd charge when he has options to buy the rest out?
How do you deduce that?That suddenly sounds not quite so good. That could mean he has got to raise the extra cash and not that it's directly coming out of his bank account interest free.
I dont know. I'm just posing the question. What could make a man forward without any sort of security or gain £220M?
Joe Anderson today saying that Moshiri is going to be putting the difference between the council's £280M and (what he describes as) the near £500M required for the stadium build. That's quite a statement to make.
He also said that EFC would be charged the £7M in interest rate and LCC would get another £1.4M in business rates off the club per annum.
Oh, and Everton have been trying to buy back FF from the council but it's earning £240k per annum for LCC so he wont budge on selling it back.
I wouldn't by the way. It's a risky project for a club that doesn't make much of a profit. So my money, no much of it, would stay in my account. So why would Moshiri take the risk?
I still think that difference is EASY for Mosh to come up with. Naming rights are coming right from USM. You better believe that. Usmanov's lack of ownership has allowed him to be a proxy owner and just send us cashola to get his brand out there.
Beyond that, PSLs, other future revenue streams could cover that difference I think pretty darn easily. Cost overruns to me are the biggest concern. The good part is that once they break down, Moshiri is all in. If we made 41M outside of broadcasting, don't you think a new stadium along with new deals (killing kitbag), that we've double that once we are in the new stadium? Might even triple it since we don't really get ANY income from naming rights as is. It wouldn't seem to be too hard to get financial for 5 years or so once it's completed, similar to what Tottenham got.
The council funding is the issue to me. It would GREATLY simplify everything.