New Everton Stadium

[roydo]

Got the Echo arena for all that and in a much better situation.

Appreciate that. But was making the point that using a football stadium for a far wider range of activities other than 25 games of football a year is worth exploring/might be a more attractive proposition for investors.

 

[Toffeelover]

Concerts, Musicals, Merican Football, Rugby, Exhibitions, Truck Fests, Internationals, (CL/EL/EC/WC), off the top of my head.

On Merseyside??? for those activities it would have to have big foot print and a running track?

 

[roydo]

On Merseyside??? for those activities it would have to have big foot print and a running track?

Why not?

 

[Foot Long Hot Dog]

We don't have £75 million and I don't believe for a second we can build a 55,000 seater stadium for £200 million.

At the end of the day we can all come up with different figures but without a massive improvement in the balance sheet through investment in the club the stadium is not going to happen.

That's the reality, and the Board have to present their solutions.

Not sur I agree with you tbh mate.

I think it'd be more than possible to build a stadium for under £200m. You've also not not factored in the new bumper TV dea that lands next season, we could surely use the incremental unassigned revenue as a deposit on a new facility? That would amply supply our £75m deposit over a 3 year period.

In terms of the funding, I think any lender would prefer to see some equity invested from the key stakeholders or ideally have some form of directors guarantee, but I'm not sure the absence of both would completely preclude the possibility of funding being achievable.

 

[blueboy1945]

We've gone over this before but the Echo arena can only hold 11,000. We're talking about big concerts holding 50K people. Each one brings in close to a million for the owner of the stadium so we wouldn't need to hold that many each year. It's a totally different segment of the market to the Echo.

Good point Adversus, didn't know the capacity of the Echo. Haydock Park do very well with big events like the recent Kylie concert, so you could be right!

 

[Toffeelover]

Why not?

Did say it would require a bigger stadium, more than perhaps the board are envisaging. If there was scope for building some thing like that then perhaps there could be public funding to assist. Problem is making the case for it.

 

[roydo]

Did say it would require a bigger stadium, more than perhaps the board are envisaging. If there was scope for building some thing like that then perhaps there could be public funding to assist. Problem is making the case for it.

Yep. Just an idea we have kicked about from time to time on here.

 

[The Esk]

Not sur I agree with you tbh mate.

I think it'd be more than possible to build a stadium for under £200m. You've also not not factored in the new bumper TV dea that lands next season, we could surely use the incremental unassigned revenue as a deposit on a new facility? That would amply supply our £75m deposit over a 3 year period.

In terms of the funding, I think any lender would prefer to see some equity invested from the key stakeholders or ideally have some form of directors guarantee, but I'm not sure the absence of both would completely preclude the possibility of funding being achievable.

I think we have to ignore the bumper TV deal for the purposes of the stadium. Those funds have to go to the team in order to maintain some form of parity with out peers. as I mentioned in an earlier article, one of the effects of the new TV deal is a widening of the income disparities based on final league table positions.

Without investment in the team we will find ourselves potentially less competitive on the pitch and less competitive financially as a result.

The new TV deals make the environment for Everton more challenging not less.

 

[Foot Long Hot Dog]

I think we have to ignore the bumper TV deal for the purposes of the stadium. Those funds have to go to the team in order to maintain some form of parity with out peers. as I mentioned in an earlier article, one of the effects of the new TV deal is a widening of the income disparities based on final league table positions.

Without investment in the team we will find ourselves potentially less competitive on the pitch and less competitive financially as a result.

The new TV deals make the environment for Everton more challenging not less.

Arsenal had a few years when they spent practically nothing net, and whilst they denied it, it was being driven by their lack of available funds due to the Highbury flats taking longer to complete than originally planned.

Spurs have spent minus £57m in the last 5 years -co-incidence given the project that they're about to embark on?

We spent 11 years under Moyes with a net spend of £11m in total, and yet you think we couldn't sacrifice 3 years of spending the incremental Tv cash in exchange for a new stadium?

Nah not having that mate.

 

[whiteshadow]

This thread was started in April last year and we're still not really any further forward.

I don't mind Kenwright but he has seriously failed us on the stadium issue time and time again. I would have no faith in him being able to get a stadium built even if he had £100 billion in his pocket.

How many decades do we have to wait?

 

[degsy]

Not sur I agree with you tbh mate.

I think it'd be more than possible to build a stadium for under 200m. You've also not not factored in the new bumper TV dea that lands next season, we could surely use the incremental unassigned revenue as a deposit on a new facility? That would amply supply our £75m deposit over a 3 year period.

In terms of the funding, I think any lender would prefer to see some equity invested from the key stakeholders or ideally have some form of directors guarantee, but I'm not sure the absence of both would completely preclude the possibility of funding being achievable.

You could do it for 100m at Goodison and be able to full spec bell and whistle it as well...might take 8 yrs but how long since KD?

 

[marty mcfly]

Not sur I agree with you tbh mate.

I think it'd be more than possible to build a stadium for under £200m. You've also not not factored in the new bumper TV dea that lands next season, we could surely use the incremental unassigned revenue as a deposit on a new facility? That would amply supply our £75m deposit over a 3 year period.

In terms of the funding, I think any lender would prefer to see some equity invested from the key stakeholders or ideally have some form of directors guarantee, but I'm not sure the absence of both would completely preclude the possibility of funding being achievable.

That makes the numbers more postiive and less risky but it requires our club to stand still in terms of squad investment. If a buyer can't be found then I still think that's the best option but at this stage for the board it's less risky to sell now (with planning permission etc secured) and cash in which is what I think they are planning.

 

[The Esk]

Not sure why. Bilbao's new stadium seats 53,000 and cost less than £140m.

Lyon's new stadium is another example. 58,000 seats, stadium construction cost estimated at £200m.

Thanks I've looked at the costs of building stadia in Europe and in my day job often compared the costs of commercial developments in the UK and Europe.

The best source of meaningful data is the published estimates of the proposed Liverpool stadia in Stanley Park. The HKS designed stadium was estimated to cost £400 million and the earlier AFL design was estimated in 2003 to cost £300 million.

Based on the above a claim that a new stadium for Everton could not be built for less than £200 million and in all probability considerably more is not unreasonable.

 

[marty mcfly]

I think we have to ignore the bumper TV deal for the purposes of the stadium. Those funds have to go to the team in order to maintain some form of parity with out peers. as I mentioned in an earlier article, one of the effects of the new TV deal is a widening of the income disparities based on final league table positions.

Without investment in the team we will find ourselves potentially less competitive on the pitch and less competitive financially as a result.

The new TV deals make the environment for Everton more challenging not less.

I don't disagree but what it does is give us is the option. If we assume a buyer can't be found we either chose between two alternatives.

1. Invest in the team. In 3 years we will probably maintain our position around 7th and a squad to match.
2. Invest in the stadium. In 3 years we will drop probably 2 or 3 places to around 10th but the difference is have a new stadium. A stadium that increases our revenue from that point on wards.

We need to build a stadium. With new owners preferably but if that doesn't happen we still need to build one.

 

[Foot Long Hot Dog]

That makes the numbers more postiive and less risky but it requires our club to stand still in terms of squad investment. If a buyer can't be found then I still think that's the best option but at this stage for the board it's less risky to sell now (with planning permission etc secured) and cash in which is what I think they are planning.

I was solely referring to the incremental cash that the next new TV deal will bring, we should be capable of spending £20m plus net per season now, and that wouldn't have to change.

Having said that, if I was Kenwright and co is do exactly what you suggest here. I'd get planning in place and have a costed, deliverable stadium solution in place and then sell up to someone who could inject some capital of their own into the scheme.