New Everton Stadium

[RobSpurs]

Worth bearing in mind that everton turned down really competitive terms from the Council in the past few months on a loan to fund part of the stadium build...

Was that decision made before or after your Russian dude was sanctioned?

 

[Piijt]

I’m sick of reading about funding. If we need it, we’ll get it, there’s loads of money out there. It’s just a matter of getting the best possible deal.

 

[Moderatelywarmwater]

I’m sick of reading about funding. If we need it, we’ll get it, there’s loads of money out there. It’s just a matter of getting the best possible deal.

Well that’s the issue. Someone will fund it. But at what cost?

what I don’t know about are the furnaces during the build. I am assuming they will be very difficult as you have to pay for the new stadium whilst getting no money from it.


can anyone shed some light on this?

 

[arch stanton]

Well that’s the issue. Someone will fund it. But at what cost?

what I don’t know about are the furnaces during the build. I am assuming they will be very difficult as you have to pay for the new stadium whilst getting no money from it.


can anyone shed some light on this?

yes, it will be fine, the nature of any build is that it doesn't provide a revenue until after it has been finished,

 

[Moderatelywarmwater]

yes, it will be fine, the nature of any build is that it doesn't provide a revenue until after it has been finished,

So you mean it’s like a bridging loan where no payment is due until you’ve moved in?

 

[Firhillfill]

Ive not followed the funding situation closesly, so might be over simplifying but I'd have thought the reason lenders would want to hold off to see league position is to do with credit worthiness. I don't think there's any danger that they will say they won't lend, but If they hold off and we end up in the championship I'm sure they can increase interest/any other terms and increase their ROI based on the increased risk.

 

[tommye]

Ive not followed the funding situation closesly, so might be over simplifying but I'd have thought the reason lenders would want to hold off to see league position is to do with credit worthiness. I don't think there's any danger that they will say they won't lend, but If they hold off and we end up in the championship I'm sure they can increase interest/any other terms and increase their ROI based on the increased risk.

Surely any lender worth their salt would just write a relegation clause into any such loan agreement.
Basic arse covering

 

[arch stanton]

So you mean it’s like a bridging loan where no payment is due until you’ve moved in?

that will be a good analogy but as it is quite a bespoke building for a big cost, it will be a bespoke structured loan.

 

[Mademan]

Lot of nonsense on here about unknowns. When Mister Drone’s videos show no hard hats or moving machinery all week, then’s the time to worry. People talking about rising structural steel prices as if Denise is gonna hand over a jiffy bag of cash to the delivery driver on Regent Road and he’s gonna frown like Tony Soprano.

 

[R.Reddington]

They’ve really landscaped around the strand and pier head It looks fantastic now

You seen the drone footage? Looks great.

 

[Tom Hughes]

Surely any lender worth their salt would just write a relegation clause into any such loan agreement.
Basic arse covering

Perhaps, but whatever the terms of that clause, it would still have repercussions as regards the stadium's financial model, as those interest rate changes or "get-out clauses" may be enacted. Of course, the owner's wealth alone (if not completely/partially frozen by association with USM) may be sufficient to get the stadium built, but with increased material costs and without the backing of a lucrative sponsorship deal.... how do the sums now look? It isn't just about getting it built, but how it's paid for and how much of that debt ultimately falls onto the club and/or future owners.

 

[charlie atkins]

Why would it?
if we don’t get relegated this season, we could next. No one can see into the future. It will stand or fall on the fans it attract

Well that’s the issue. Someone will fund it. But at what cost?

what I don’t know about are the furnaces during the build. I am assuming they will be very difficult as you have to pay for the new stadium whilst getting no money from it.


can anyone shed some light on this?

who cares, we wont pay it. its getting built and the pitch will fit, i promise

 

[Moderatelywarmwater]

who cares, we wont pay it. its getting built and the pitch will fit, i promise

This pitch fitting stuff never fails to blow my mind!
However, I do care about the finances, because in a very real way, we will pay for it!

 

[allen]

Ive not followed the funding situation closesly, so might be over simplifying but I'd have thought the reason lenders would want to hold off to see league position is to do with credit worthiness. I don't think there's any danger that they will say they won't lend, but If they hold off and we end up in the championship I'm sure they can increase interest/any other terms and increase their ROI based on the increased risk.

Surely any lender worth their salt would just write a relegation clause into any such loan agreement.
Basic arse covering

The thing is, even if we don’t get relegated this season, that risk doesn’t evaporate.

Possible relegation will be priced in anyway.

 

[charlie atkins]

This pitch fitting stuff never fails to blow my mind!
However, I do care about the finances, because in a very real way, we will pay for it!

after some of the comments on here, i just cant believe there is a problem with finance, work is ongoing, if they thought differently they would stop, im sure they dont carry on hoping they get paid