There must be viable concerns about financing in the context of the sanctions, and Usmanov acting as a guarantor of loans, but what makes Evertons position so unique that we cannot/could not secure private financing if it is presumably going to be repaid over a period of decades?
I expect net costs will exceed the £500m quoted, but Moshiri had committed £100m IIRC, and presumably that was locked-in already for the project to get this far. Even if not, and I'm not discounting its a significant sum of money, £500m, is roughly a whole teams worth of our record signing, a certain Icelandic international.
Is this not just a mortgage but for a football club?
For me the problem was always to secure a decent site and get planning permission and those hurdles have been overcome. What makes Everton different to a club like Sunderland for example in a difficulty attracting a funding partner or partners, for a period of 30-40 years? Virtually every club in the top tiers in the UK and Europe has either had a new stadium or stadium overhaul in the last 30 years. Even the Italian clubs are now getting around to upgrades and stadium moves, I accept there is a large degree of municipality support there.
I'd accept things like the potential for relegation and more significantly, the prospect of a European Super League could be likely to detract from funding, but I'd imagine all those scenarios have already been worked through in detail.
If private funding is already in place, then would any lender have been foolhardy enough to completely overlook, the possibility that funding guaranteed through a Kremlin oligarch (if that is indeed the case) might not be the best horse to back, or has the situation in Ukraine come as a total and complete shock to that part of the corporate world whose job it is to be conservative and risk-aware? Perhaps it actually has but if it was that badly thought through, then we really are in trouble and the development is no better than a house of cards then.
And even then, why can't / couldn't we attract funding over a 30-40 year period based on our 144 year existence and record tenure in the top-flight? Even if on terms more onerous than might have been available to say, Spurs? And with local government support? And potentially that of a new owner and board, should Moshiri need to sell? It's not like we have to pay it all back in 12 months.
Just playing devils advocate.