New Everton Stadium

[deipnosophist]

The price of equity is a very small part of it. It would need 500m over and above the cost of the equity just to buy a stadium and get us challenging top 4.

Lowering the cost of the equity wouldn't make much of a difference now but I agree with everything else. We are in this situation because there has been no investment over too long a time.

bullseye. It's been a classic catch 22. Required investment hasn't been made because investors/shareholders want to see a more rosy financial prognosis, but that prognosis wont materialise until investment is made. We are in a non virtuous cycle and the TV money has in effect just allowed this financial 'inertia' to persist...'kicking the can' in idiomatic speech.
I have said many times previously that organic growth of balance sheet (and hence greater investment potential) is unlikely to happen (because of lack of investment to seed that organic growth). Until such time, we have massive overhead resistence courtesy of revenue/turnover that is stalled at 120 million.
One organic growth scenario that might break the impasse is the young group of quality footballers that EFC currently has on its books all turning in stellar performance, we start winning things, our profile is enhanced...commercial revenue increases, investment increases etc ie a virtuous cycle. Such scenario is difficult to entertain in the predatory world of football where the rich pick off the prize assets of those attempting organic growth.
Anyway, just my tuppence worth.
And as for the new stadium...I wouldn't hold my breath.

 

[JordanianEmbassy]

dont him and kenwright have a bad relationship? or some soap opera like that?

I don't know any details but yes apparently there is something "political" which makes it difficult for him to invest in the way he might otherwise like to.

 

[McBain]

I like Stadium.

 

[OneTrueLegend]

I don't know to be honest, I read that he was just not interested in football, but inherited the shares from his Dad

 

[JordanianEmbassy]

I don't know to be honest, I read that he was just not interested in football, but inherited the shares from his Dad

Apparently he is interested. I realise this just sounds like internet hearsay but someone who runs one of the other big Everton forums met him at an event and asked him about investing in Everton he said something to the effect of he would like to but its not as simple as that

 

[Foot Long Hot Dog]

Clueless.

Yeah mate, you are, completely

However, at least you're self aware

 

[Foot Long Hot Dog]

Apparently he is interested. I realise this just sounds like internet hearsay but someone who runs one of the other big Everton forums met him at an event and asked him about investing in Everton he said something to the effect of he would like to but its not as simple as that

Grantchester has zero interest in funding Everton. He had his chance and refused, when asked to back Gregg's plans for the Kings Dock. It's a complete myth that he'd chuck money at it if it wasn't for Kenwright.

 

[Brennan]

Yeah mate, you are, completely

However, at least you're self aware

Bringing up the echo arena to try and refute the value of a new football stadium, how daft can you get.

 

[joey_macmo]

Grantchester has zero interest in funding Everton. He had his chance and refused, when asked to back Gregg's plans for the Kings Dock. It's a complete myth that he'd chuck money at it if it wasn't for Kenwright.

its really not. probably more to do with the fact the estate isn't even his yet.

 

[Foot Long Hot Dog]

Bringing up the echo arena to try and refute the value of a new football stadium, how daft can you get.

Go read it again slowly ginge

 

[Foot Long Hot Dog]

its really not. probably more to do with the fact the estate isn't even his yet.

He's the custodian of the estate, if he'd have wanted to he could have chucked a lump of it at EFC years ago, but he's got no intention of doing so. It suits the narrative to state that the only thing stopping him investing is Kenwright, and it's nonsense.

 

[joey_macmo]

He's the custodian of the estate, if he'd have wanted to he could have chucked a lump of it at EFC years ago, but he's got no intention of doing so. It suits the narrative to state that the only thing stopping him investing is Kenwright, and it's nonsense.

its not though, there is something there.

 

[marty mcfly]

bullseye. It's been a classic catch 22. Required investment hasn't been made because investors/shareholders want to see a more rosy financial prognosis, but that prognosis wont materialise until investment is made. We are in a non virtuous cycle and the TV money has in effect just allowed this financial 'inertia' to persist...'kicking the can' in idiomatic speech.
I have said many times previously that organic growth of balance sheet (and hence greater investment potential) is unlikely to happen (because of lack of investment to seed that organic growth). Until such time, we have massive overhead resistence courtesy of revenue/turnover that is stalled at 120 million.
One organic growth scenario that might break the impasse is the young group of quality footballers that EFC currently has on its books all turning in stellar performance, we start winning things, our profile is enhanced...commercial revenue increases, investment increases etc ie a virtuous cycle. Such scenario is difficult to entertain in the predatory world of football where the rich pick off the prize assets of those attempting organic growth.
Anyway, just my tuppence worth.
And as for the new stadium...I wouldn't hold my breath.

That's definitely another way to go and a valid one.

The only difference is if we aim for a stadium we can practically guarantee were we will be. Investing in the team is fraught with more risk because if it doesn't come off we will be in no better position than we are now.

Either way I just hope we go a direction and the money doesn't disappear into a black hole like it has a tendency of doing.

 

[marty mcfly]

Apparently he is interested. I realise this just sounds like internet hearsay but someone who runs one of the other big Everton forums met him at an event and asked him about investing in Everton he said something to the effect of he would like to but its not as simple as that

He can't invest in the club because it would require Bill diluting his shares and that's something Bill won't agree to. Even giving the club a loan with zero or no interest is a form of investing and would require compensation i.e. shares.

 

[bizzaro]

He's the custodian of the estate, if he'd have wanted to he could have chucked a lump of it at EFC years ago, but he's got no intention of doing so. It suits the narrative to state that the only thing stopping him investing is Kenwright, and it's nonsense.

His money is in property assets and businesses. It's estimated he has £80m in liquid cash.

There is no way that's going anywhere near Everton