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New Everton Stadium

blueblood said:
I’m not worried about this now- the project is too far gone. It would make more financial sense to finish it than not at this stage. Regardless of what league we’re in, that stadium is what makes us a sellable asset.
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The worry being that Morshi can’t afford to pay for it. So he’s sells the stadium to a third party and we rent it. You could end up with that third party then selling to someone else and then someone else, all while the fee we pay to use the stadium goes up and up. Think the same happened with Coventry. Caused them major issues which I think resulted in the owners booting them out of the stadium. This due to Coventry not being able to afford the increased rent/fees. They had to go round trying to find somewhere else to play until it was sorted.
 
Del-boy said:
The worry being that Morshi can’t afford to pay for it. So he’s sells the stadium to a third party and we rent it. You could end up with that third party then selling to someone else and then someone else, all while the fee we pay to use the stadium goes up and up. Think the same happened with Coventry. Caused them major issues which I think resulted in the owners booting them out of the stadium. This due to Coventry not being able to afford the increased rent/fees. They had to go round trying to find somewhere else to play until it was sorted.
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Farhad can certainly afford to build it all on its own. The issues will be how willing is he to do it on his own if no investment can be found. Then as you said once the build is completed how will he look to get his money back, either for sale of the club or worse case selling the stadium to a 3rd party.
 
Dougie said:
Farhad can certainly afford to build it all on its own. The issues will be how willing is he to do it on his own if no investment can be found. Then as you said once the build is completed how will he look to get his money back, either for sale of the club or worse case selling the stadium to a 3rd party.
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Everton, including BMD, is a far greater proposition, (current woes aside) than BMD as a stand alone purchase. Thats not to say it (BMD alone) would be a poor investment, but as a commercial property investment company/pension fund, with a spare £750m to spray around, you would get a far better and flexible return lobbing it a shopping centre.

The Coventry situation is proof of that. Sure, Cov as a club are in a mess since they sold, but the VC they sold to would sell their Gran to reverse that they bought it.

Like, Evertons match day income will increase at BMD, but it will still be dwarfed by TV cash. Hopefully anyrate.
 
roydo said:
Everton, including BMD, is a far greater proposition, (current woes aside) than BMD as a stand alone purchase. Thats not to say it (BMD alone) would be a poor investment, but as a commercial property investment company/pension fund, with a spare £750m to spray around, you would get a far better and flexible return lobbing it a shopping centre.

The Coventry situation is proof of that. Sure, Cov as a club are in a mess since they sold, but the VC they sold to would sell their Gran to reverse that they bought it.

Like, Evertons match day income will increase at BMD, but it will still be dwarfed by TV cash. Hopefully anyrate.
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I agree. I do think investment will happen regardless, especially on the stadium front.
 

Folks in here need to give their heads a wobble, of course it will be completed and Morshiri’s said that he can pay for it himself if needed.

If he want to sell Everton then completing it is a pre-requisite so yes it will be completed.

Everton are way to far down the track no to, basically we’re way past the point of no return
 
Toffeeslam said:
Folks in here need to give their heads a wobble, of course it will be completed and Morshiri’s said that he can pay for it himself if needed.

If he want to sell Everton then completing it is a pre-requisite so yes it will be completed.

Everton are way to far down the track no to, basically we’re way past the point of no return
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Does this mean potentially we could be sold but then never be rid of the carpet bagger as he owns the ground we play in and have to pay him rent ?
 
radiostar said:
Does this mean potentially we could be sold but then never be rid of the carpet bagger as he owns the ground we play in and have to pay him rent ?
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He owns the club and the club owns the stadium

If he sells he would sell’s the club it would be with the stadium too.

Who’s going to buy a club without a stadium for the sums his asking for ?
 

Toffeeslam said:
He owns the club and the club owns the stadium

If he sells he would sell’s the club it would be with the stadium too.

Who’s going to buy a club without a stadium for the sums his asking for ?
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Chelsea have just been sold for an astronomical sum but Chelsea Pitch Owners own the freehold, the turnstiles and the pitch.
 

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