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New Everton Stadium

Brisan123 said:
Well for some
I’ll have 38 yrs years in and roughly 2 years salary in AVC’s
I’ll take the max one and a half times tax free and put the rest into an ARF
Hoping for a redundancy package of 3x yearly earnings as well so if it all falls into place I’ll be set up.
The amount of lads that don’t bother with pensions and AVC till their 30/40 s is staggering
Click to expand...

I had no where near 38 years, but was in sales, so knew the salary at 60 would be no where near the level in my late 30s, so when they closed the DB scheme, I kept an eye on the CETV, and 2 years ago it pretty much tripled. (Gilts and that). Was an utter no brainer. Single, well not married, kids grown up, sat in cash till I sack the mortgage off in 2 years, then will trust my own judgement.

Seen way too many raids and changes to trust MPs not to screw me over.

Sooooo, thats why I have a clue about commercial property et al. Flogged it for years.
 
roydo said:
I had no where near 38 years, but was in sales, so knew the salary at 60 would be no where near the level in my late 30s, so when they closed the DB scheme, I kept an eye on the CETV, and 2 years ago it pretty much tripled. (Gilts and that). Was an utter no brainer. Single, well not married, kids grown up, sat in cash till I sack the mortgage off in 2 years, then will trust my own judgement.

Seen way too many raids and changes to trust MPs not to screw me over.

Sooooo, thats why I have a clue about commercial property et al. Flogged it for years.
Click to expand...
A mixture of good fortune and good skill
Lads on here thinking 5/600 m is an astronomical sum to borrow
As a guaranteed loan at 4% it’s a no brainier for a pension fund or long term property management company.
They all want steady foreseeable returns.
Nothing worse for an accountant than an unknown return
Better off with a low paying long term reliable tenant than a bunch of students who will pay high rent , wreck the house and feck off
It’s all about guaranteed returns
 
Brisan123 said:
A mixture of good fortune and good skill
Lads on here thinking 5/600 m is an astronomical sum to borrow
As a guaranteed loan at 4% it’s a no brainier for a pension fund or long term property management company.
They all want steady foreseeable returns.
Nothing worse for an accountant than an unknown return
Better off with a low paying long term reliable tenant than a bunch of students who will pay high rent , wreck the house and feck off
It’s all about guaranteed returns
Click to expand...

Yep. Tried to explain it to a few, one said, "But a project this big, surely a property fund would want some representation on the board at the club"

Er, no mate. Keep an eye on it, via agents/employees, thats it.
 
roydo said:
Yep. Tried to explain it to a few, one said, "But a project this big, surely a property fund would want some representation on the board at the club"

Er, no mate. Keep an eye on it, via agents/employees, thats it.
Click to expand...

Exactly it’s not a shattering amount for them
If we defaulted they wouldn’t go under but they would keep an eye on the yearly accounts and expenditure etc.
I’m sure they would have first call on TV money or whatever.
It’s a no brainer for them.
It’s not like we are going to run off and not pay the loan back.
If the council guarantee 200 m
Moshiri guarantees 200 m
Naming rights / TV rights signed over then it’s a no brainer for the property company.
Moshiri and these lads don’t use their own money but they know how to get other people’s money at low rates and make it work for them.
They work in a totally different Stratosphere than Bill and Bob.
 
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Brisan123 said:
Exactly it’s not a shattering amount for them
If we defaulted they wouldn’t go under but they would keep an eye on the yearly accounts and expenditure etc.
I’m sure they would have first call on TV money or whatever.
It’s a no brainer for them.
It’s not like we are going to run off and not pay the loan back.
If the council guarantee 200 m
Moshiri guarantees 200 m
Naming rights / TV rights signed over then it’s a no brainer for the property company.
Moshiri and these lads don’t use their own money but they know how to get other people’s money at low rates and make it work for them.
They work in a totally different Stratosphere than Bill and Bob.
Click to expand...

Don't think Dave gets that or message or sees it that way!
 

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