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New Everton Stadium

maccavennie said:
Yeah, you'd think by now (with all the prep work done) they'd have confirmed a finance package. Looks to me like they haven't got one and he'll end up paying for it himself. If that was that was case though, he'd need to be selling Everton for a huge amount of money just to recoup his investment
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I assume the prep work will still include raising of the Quaysides by 1metre, while reinstating all blockwork and original surfaces/dock-furniture as stated during consultation period.

The funding mechanism has been a mystery from the start. Any long term debt will have to be paid somehow, by Moshiri/Usmanov, the club or any prospective new owners. There has been no clarity about this throughout.
 
Tom Hughes said:
I assume the prep work will still include raising of the Quaysides by 1metre, while reinstating all blockwork and original surfaces/dock-furniture as stated during consultation period.

The funding mechanism has been a mystery from the start. Any long term debt will have to be paid somehow, by Moshiri/Usmanov, the club or any prospective new owners. There has been no clarity about this throughout.
Click to expand...
Potential finance providers will almost certainly be looking for increased assurances and guarantees of protection for their investment given the clubs slightly precarious league position.
Possible clauses related to increased interest rates in the event of failure to maintain Premier League status or failure to achieve the financial rewards of European football in the period between now and completion of the stadium ?
 
Tom Hughes said:
I assume the prep work will still include raising of the Quaysides by 1metre, while reinstating all blockwork and original surfaces/dock-furniture as stated during consultation period.

The funding mechanism has been a mystery from the start. Any long term debt will have to be paid somehow, by Moshiri/Usmanov, the club or any prospective new owners. There has been no clarity about this throughout.
Click to expand...

If Moshiri funded it himself, he would want about 1bn back in return after the money he's spent.

Who would want to pay that for Everton?
 
maccavennie said:
If Moshiri funded it himself, he would want about 1bn back in return after the money he's spent.

Who would want to pay that for Everton?
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Exactly? There might still be some rich sheikh/Oligarch that could be attracted to a club well-packaged in a shiny new stadium for sale, with all that debt turned into equity. Where that leaves the club's finances is anyone's guess.
 

maccavennie said:
If Moshiri funded it himself, he would want about 1bn back in return after the money he's spent.

Who would want to pay that for Everton?
Click to expand...

Would it work for Moshiri and Usmanov to pay for the stadium themselves, rent it to EFC for 999 years or similar but still sell the club and recoup what's been wasted on garbage footballers and managers? Just asking.
 
Dublin blue 75 said:
Technically nothing stopping him financing it in full no. If it is deemed infrastructural investment it is outside the confines of FFP as I understand it.

Yes, excellently done videos by him, like them too. Looks like 2 corresponding structures to the one already above ground will shortly appear given the pace of the foundation work opposite and same side as the structure already there. On the club video earlier this week, the site manager said they will shortly bring the existing structure up to three floors by installing materials prefabricated off site and which are ready.

Which begs the question, have we or are we about to pass the preparatory works stage that Moshiri was personally financing? The longer the absence of a financing arrangement prevails while costly building works continue, the more it would indicate Moshiri (or USM as stadium naming partners) will pay for the lot.
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@AndyC remember a discussion we had at least a year ago, maybe more.
 
Tom Hughes said:
I assume the prep work will still include raising of the Quaysides by 1metre, while reinstating all blockwork and original surfaces/dock-furniture as stated during consultation period.

The funding mechanism has been a mystery from the start. Any long term debt will have to be paid somehow, by Moshiri/Usmanov, the club or any prospective new owners. There has been no clarity about this throughout.
Click to expand...

I believe the reinstating of the dock furniture will only be done after the stadium is built so I would class that more as 'finishing' than 'prep'.
 

Stephen Gibson said:
The prefab concrete sections showing on site recently would need a solid financial agreement in place to pay for them & the many pieces sitting ready to be delivered i would imagine. I know nothing of the building industry but surely a huge concrete jigsaw puzzle costing many millions to make isn't something you pay for without a commitment.
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There will be some agreed financing package in place, it might not be the one they want to particularly take and they might be still looking but there will be something as a backstop.
 

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