New Everton Stadium

[ForeverBlue92]

Stadium costs aren't included for FFP but that is only when they are capitalized in the accounts. For that to happen in the next set of accounts we would need to have gained planning permission before our end of year which is the 30th of June.

The good thing is that because of the Coronavirus pandemic UEFA have rolled the next two FFP periods in to one. So we don't need to meet the three year accumulated loss limit of £105 million next season.

However, we would be taking a massive gamble if we went big in the next window relying on the £40 million+ current Stadium spending offsetting our spend without planning permission being granted.

Hopefully LCC get this sorted by October - its a forgone conclusion that it'll be granted just when they decide to hurry themselves up.

 

[Catfish Blues]

is there an esk thread so we can keep this v interesting thread about the stadium on track buddies??

You could create one ?

Anyway, bit disappointing, but by no means surprising that timescales have slipped a bit on getting planning permission. Thousands of folks have died, so a few months here and there is immaterial really.

 

[Goat]

Hopefully LCC get this sorted by October - its a forgone conclusion that it'll be granted just when they decide to hurry themselves up.

The delay probably suits us.

 

[PhilM]

To save money on pumping the water out we have asked Big Nev to dive bomb the dock.

 

[the sniderman]

You could create one ?

Anyway, bit disappointing, but by no means surprising that timescales have slipped a bit on getting planning permission. Thousands of folks have died, so a few months here and there is immaterial really.

buddy i could also CRUSH all of us but i am showing great restraint to keep things on track here.

 

[orly]

When are we getting planning permission for The Esk statue please?

 

[Catfish Blues]

buddy i could also CRUSH all of us but i am showing great restraint to keep things on track here.

You should probably try to lose some weight Snides.
If nothing else, it'll make getting out of your seat at the new stadium easier.

 

[the sniderman]

You should probably try to lose some weight Snides.
If nothing else, it'll make getting out of your seat at the new stadium easier.

buddy may have u confused me with the goat??

 

[Catfish Blues]

buddy may have u confused me with the goat??

Possibly, but what's that got to do with our shiny new stadium ?

 

[the sniderman]

Possibly, but what's that got to do with our shiny new stadium ?

start an obese thread then buddy and stop derailing us. seats.

 

[ForeverBlue92]

The delay probably suits us.

In what way you reckon?

 

[Goat]

In what way you reckon?

Cashflow is severely restricted currently.

Not many companies lashing money around.

I mean clearly things wont be much better in a few months, but at least maybe then at least we wont be losing ALL our matchday revenue.

 

[tonyhorne]

Still the official song of the proposed new ground.

Apparently the construction firm are making plans to start on site in January ...

 

[Mitch Ward's Minder]

has any type of work actually started yet, ie, bore holes or piling ?

No, won’t start until Jan. Difficult to do any works to get a head start as Peel still own the land. Covid has delayed the start due to the clubs cash flow rather than planning permission.

 

[gwladysnight]

Cashflow is severely restricted currently.

Not many companies lashing money around.

I mean clearly things wont be much better in a few months, but at least maybe then at least we wont be losing ALL our matchday revenue.

Cash flow shouldn't really matter for a capital project though. It looks like we would be funding the project through loans and currently there is a lot of liquidity in the markets.

As for our current match day income at under £20m per season it is largely irrelevant.

Planning usually involves an incredible amount of forwards and backwards on the minutia. I would guess it is planning that is holding things up. My understanding is that the Council have been supportive but this is a really complex project with a whole host of other parties involved.