New Everton Stadium

[TheFinnFan]

.....the stadium will be a strategic development. If the manager continues to win 4 home games per season he won't be the manager by the time it's built.

Exactly.

 

[bizzaro]

Just to remind everyone:

Since it is important for people to see. Plus in the context of Elstone's ridiculous assertion that Everton cannot be compared to other football clubs (which he's insulting people's intelligence with if he can't see that people with intelligence can see through that type of argument):

Spades are in the ground. Literally.



Lesser clubs haven't just been proactive they're actually ahead of us now:

Spurs:

West Ham:

@davek

More lesser clubs:

Liverpool

Manchester City expanding now to 60000+

@davek @The Esk @GrandOldTeam

The irony of people worrying about West Ham's and Manchester City's season ticket sales

almost 1 YEAR after the topic and urgency was raised in regard to Everton's competitiveness - is not lost on me.

Yet again people wake up to a threat far too late.


The good news:

- We have a billionaire businessman who owns 49.9% (and increasing of the club) who has gone on public record when invested in another club; about his views on funding stadium developments in such a way that does not damage fans or the club in general.

- If anyone will get Everton a 65,000 seater stadium developed in the near term it is - Mr Moshiri.

To my mind the panic of July 2015 is lessened in that genuine plans for a stadium major capacity increase are afoot.

We can survive now another 18 months without being directly competitive with Spurs and West Ham and Man City and Liverpool (added to United and Arsenal) in gates terms.

Mainly since the end is now 'in site' for resolving the stadium question.

- Had there been no Moshiri. It would just get worse for us from here on in. However. Our glorious leader isn't doing stupid things spending stupid money on stupid things (re: Randy Lerner)

So we are all good.

I would only say this to the forum @davek @The Esk @MoutsGoat ... if someone raises a percieved and emerging financial threat to the club. Certain forum posters shouldn't just dismiss it. As no doubt you'll end up talking about it months later!

See the last few pages in this thread!

 

[Moomin]

@davek @The Esk @GrandOldTeam

The irony of people worrying about West Ham's and Manchester City's season ticket sales

almost 1 YEAR after the topic and urgency was raised in regard to Everton's competitiveness - is not lost on me.

Yet again people wake up to a threat far too late.


The good news:

- We have a billionaire businessman who owns 49.9% (and increasing of the club) who has gone on public record when invested in another club; about his views on funding stadium developments in such a way that does not damage fans or the club in general.

- If anyone will get Everton a 65,000 seater stadium developed in the near term it is - Mr Moshiri.

To my mind the panic of July 2015 is lessened in that genuine plans for a stadium major capacity increase are afoot.

We can survive now another 18 months without being directly competitive with Spurs and West Ham and Man City and Liverpool (added to United and Arsenal) in gates terms.

Mainly since the end is now 'in site' for resolving the stadium question.

- Had there been no Moshiri. It would just get worse for us from here on in. However. Our glorious leader isn't doing stupid things spending stupid money on stupid things (re: Randy Lerner)

So we are all good.

I would only say this to the forum @davek @The Esk @MoutsGoat ... if someone raises a percieved and emerging financial threat to the club. Certain forum posters shouldn't just dismiss it. As no doubt you'll end up talking about it months later!

See the last few pages in this thread!

 

[bizzaro]

A re-vamped Goodison Park needs new investment or owners to make any sense. (The assumption being that redevelopment is possible from an engineering/architectural perspective.)

Without new owners, or significant capital investment from the existing owners a re-vamped Goodison does not make any commercial sense

Let’s say a redeveloped Goodison costs £150 million – I know £100 million has been mentioned but there are not many examples of stadia coming in at budget.

Firstly let’s look at the potential additional revenues a 55,000 seat Goodison would raise.

I’m assuming an average attendance of 50,000, so an increase of 11,000 on current attendances @ £40 per head

I’m also going to assume that we have 30 extra boxes, that these are filled every game and generate £3,300 in revenue per box per game.

Total additional revenue raised = £10.26 million

If new owners or the existing owners were to invest £150 million into the club then there’s a case for redeveloping.

However if that was not to happen then there’s no case for redevelopment.

Let’s run two scenarios – one where by some element of good fortune £50 million is contributed by naming rights, public subsidy, or partial investment from the Board/shareholders, and secondly where the costs have to be met by debt alone.

Scenario 1

Subsidy or capital raise of £50 million

£100 million of debt

Interest rate 8.25%

Term 30 years

Annual repayment: £9,000,000

Net increase in revenues £1.26 million

Scenario 2

£150 million of debt

Interest rate 8.25%

Term 30 years

Annual repayment: £11,250,000

Net decrease in revenues: £ 1 million

@The Esk

Please make the case for forgetting about 50,000 - 55,000 capacity increases.

Rather please make the economic case for 65,000 with a ticket price reduction and major hospitality improvements.

Given that if the club is investing over £100million - its no point just making piecemeal capacity increases when we need to go 1:1 with the likes of Spurs. Arsenal, Liverpool and Manchester City

My view is stadia-omics is about getting as many people in as possible. 50k or 55k is simply not enough.


As you're one of the best posters on this forum. I'd like your view @The Esk on the matter. So that public viewers to the forum get to see it.


PS. @davek = 'the man'

 

[Eric Djemba-Djemba]

@The Esk

Please make the case for forgetting about 50,000 - 55,000 capacity increases.

Rather please make the economic case for 65,000 with a ticket price reduction and major hospitality improvements.

Given that if the club is investing over £100million - its no point just making piecemeal capacity increases when we need to go 1:1 with the likes of Spurs. Arsenal, Liverpool and Manchester City

My view is stadia-omics is about getting as many people in as possible. 50k or 55k is simply not enough.


As you're one of the best posters on this forum. I'd like your view @The Esk on the matter. So that public viewers to the forum get to see it.


PS. @davek = 'the man'

Can you put the important bits in bold to make your post easier to read? Thanks.

 

[The Esk]

@The Esk

Please make the case for forgetting about 50,000 - 55,000 capacity increases.

Rather please make the economic case for 65,000 with a ticket price reduction and major hospitality improvements.

Given that if the club is investing over £100million - its no point just making piecemeal capacity increases when we need to go 1:1 with the likes of Spurs. Arsenal, Liverpool and Manchester City

My view is stadia-omics is about getting as many people in as possible. 50k or 55k is simply not enough.


As you're one of the best posters on this forum. I'd like your view @The Esk on the matter. So that public viewers to the forum get to see it.


PS. @davek = 'the man'

Will run some figures over the weekend.

 

[kithnou]

Will run some figures over the weekend.

Get onto that mate. Don't be slack. Easter is overrated.

 

[TheFinnFan]

I will figure some runs too...Cheers x

 

[Pilks]

I'd love to know what the OTHER fixture each year would be that we'd atrract 65,000 to...

 

[chicoazul]

@The Esk

Please make the case for forgetting about 50,000 - 55,000 capacity increases.

Rather please make the economic case for 65,000 with a ticket price reduction and major hospitality improvements.

Given that if the club is investing over £100million - its no point just making piecemeal capacity increases when we need to go 1:1 with the likes of Spurs. Arsenal, Liverpool and Manchester City

My view is stadia-omics is about getting as many people in as possible. 50k or 55k is simply not enough.


As you're one of the best posters on this forum. I'd like your view @The Esk on the matter. So that public viewers to the forum get to see it.


PS. @davek = 'the man'

Lad I'm still reeling over what @mikewex done to you.

Good to see you back.

 

[Goat]

@The Esk

Please make the case for forgetting about 50,000 - 55,000 capacity increases.

Rather please make the economic case for 65,000 with a ticket price reduction and major hospitality improvements.

Given that if the club is investing over £100million - its no point just making piecemeal capacity increases when we need to go 1:1 with the likes of Spurs. Arsenal, Liverpool and Manchester City

My view is stadia-omics is about getting as many people in as possible. 50k or 55k is simply not enough.


As you're one of the best posters on this forum. I'd like your view @The Esk on the matter. So that public viewers to the forum get to see it.


PS. @davek = 'the man'

LOL

 

[Moomin]

Lad I'm still reeling over what @mikewex done to you.

Good to see you back.

I reckon @bizzaro has been listening to the Rocky soundtrack while staying up late reading Wikipedia and Google in training for a rematch.

Think 65K would be too big for us at this moment in time.

 

[chicoazul]

LOL

That's the first time I've ever seen @The Esk like a "LOL" response and I'm a little bit envious you achieved it.

 

[JAYTALITY]

I reckon @bizzaro has been listening to the Rocky soundtrack while staying up late reading Wikipedia and Google in training for a rematch.

Think 65K would be too big for us at this moment in time.

What's this all about!? He loose a bet or something?

 

[hibbo'sclass]

£30M equity and £270M in debt at 7% over 30 years pencils out to £15M annually, but can you really get 30-year amortization on a stadium build?

Just calculated it using Excel loan calculator and the monthly payment comes out at £1,796,316.74 per month so roughly 21.6mil per year using the above parameters.
Get a repayment of £1,330,604.99 per month on a loan of 200mil which is about 15mil per year.
As you say, would anybody be prepared to do this over 30years, especially at a fixed rate.
Bear in mind that this is predicated on EFC getting no grants so essentially going it alone.

There's the repayment figures for 270 and 200 mil borrowings.
Bums on seats turnover, take 13/14 figure of 15.26mil om GPSL, reduce by about 1.26 mil to cover 85k attendance in cup receipts so 14 mil. Reduce by about 5% to reflect this years reduction, so 13.3 mil. For 65k stadium, multiply by 1.625 assuming same occupancy, so bums on seats is 21.6 mil
Hospitality Premium in 13/14 was about 4.08 mil.but this includes programmes Say 10kx22matchesx2.50 =550k, so 3.453mil Less popular and cheaper for cup, so assume about 3000 over the three matches at 80 premium gives reduction of 240k giving 3.213 mil - 5 % reduction brings it to 3.04 mil say.
Assuming same levels of pricing and occupancy and 4× the number of places, say 12 mil from hospitality.
So bums on seats + hospitality income (excluding Sodexo) would give an income of say 33.6 mil from Premier League matches.
This is ciggy packet accountancy, but done on a reasonable basis with a margin of say 7%.
Reason for 13/14 figures. Easier to work with as less non-PL games and similar pricing structure to 14/15 I think.
So, 270 mil borrowings over 30 years wipes out the Prem league seat sales in terms of cash flow. 200 mil would leave similar cash flow to the current situation.
Other income streams such as other uses, naming rights, increased advertising have been ignored.
If you've bothered to read this far, I doff my cap to you.