New Everton Stadium

[blulouie]

I suspect Moshiri will continue to "own" the Stadium and Everton will pay for it, in time.

Aye
That's not the way he wrote it tho.

 

[Goat]

Aye
That's not the way he wrote it tho.

Details dont make headlines.

 

[blulouie]

Complicated innit? Like does the debt that Moshiri swallowed sit in a different place?

Wasn't Moshiri spouting the stadium costs had risen to over £650 mil earlier this year.

 

[blulouie]

Details dont make headlines.

True

 

[blulouie]

Wasn't Moshiri spouting the stadium costs had risen to over £650 mil earlier this year.

Even more , and that was back in January.
Think Mr Maguire is way off.

 

[jinkyali]

Looks fantastic doesn't it

 

[everton1953]

Spare a thought for the devastating blow to Walton L4 after the ground has gone.

 

[Debunkology]

No, no official dates. I'd say 25/26 from the start as well.

I was speaking to a guy working on the stadium a couple months ago and he said they're scheduled to finish in June 2024, and he also said he's worked for the company on many projects and they always complete their work weeks ahead of schedule.

 

[Nymzee]

I was speaking to a guy working on the stadium a couple months ago and he said they're scheduled to finish in June 2024, and he also said he's worked for the company on many projects and they always complete their work weeks ahead of schedule.

That might be true but they need to do a number of test events etc. after it's built.

 

[toffee66]

The Stadium Development Company is a 100% owned by the football club. Moshiri ‘owns’ it for as long as he owns the majority stake in Everton but not if he sells up, unless a restructure is part of the deal but no new buyer would logically want that.

Very good contacts at Citibank in NYC who work with MSP on various stuff suggest the deal is rather more complicated than the article above suggests but how much of what they believe to be involved will be made public day one I do not know.

Knowing what we do about even best case costs it is almost certainly wrong to suggest that this first tranche of funding is enough to complete the stadium (there will have to be more at some point) so that bit of the article should be treated as club spin IMO.

 

[BNJ1878]

Whoa...Between £500 to 600 mil for the club AND the stadium.

Summit not right at all there.

It's possible that the 150m MSP 'debt' is covered by a new issue of shares, rather than Moshiri giving them 20-25% of his shareholding.

After all, rather than him take the money out of the club as cash that's what he did just over a year ago. Issued himself additional shares.

He's made some absolutely horrendous decisions but he's a million times the Evertonian than Bill Kenwright who'd undoubtedly sell his own mother to cling onto some kind of power.

 

[davek]

Everton investment update: 'Spectacular' stadium verdict as MSP Sports Capital pay up to £150million - Finance expert​

Everton have got some more “good news” as they now have the resources to complete their “spectacular” new stadium development, according to Kieran Maguire.

The football finance expert from the University of Liverpool believes MSP Sports Capital will have paid up to £150million to boost cash-flow, on the way to eventually ending up with as much as a quarter of the club.

Absolute 'kin rat that feller.

 

[Amw79]

That might be true but they need to do a number of test events etc. after it's built.

I’ll go and have a test kickaround ahead of the official opening if it helps.

 

[Debunkology]

That might be true but they need to do a number of test events etc. after it's built.

Surely it wouldn't take that long though?

 

[Nymzee]

Surely it wouldn't take that long though?

Who knows but I don't think it'll be ready to go first game 24/25 season myself.