The Results Business Podcast -episode 2
With guest contributor, Matt Slatertheresultsbusiness.substack.com
Taken from the board thread
Did Chairman Bill sign that off ?
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New Everton Stadium
- Thread starter D410
- Start date
Did Chairman Bill sign that off ?
Tylard
Player Valuation: £1.5m
I went for the cheapest one as well. They look nice.
Connor mcloud
Player Valuation: £8m
I believe there's a planned riverside walkway from by the pier head up past Bmd, maybe that road will be part of it
Kids have just got me one for my birthday, there going to make a fortune off them.
The certificate you get is £14.99
davek
Player Valuation: £150m
In 10-15 years time Regent Road will look nothing like it will right now...nor the neighbouring docks. That'll all be down to Everton being there.
Lovely sunny Monday afternoon update
Enjoy guys
Goosebumps!
Awesome, Sun always shines on the righteous, brother! (see what i did there!)
What also strikes me is the level of engineering that went into building those docks in the first place too, the little inlets etc and the weight they had to take then compared to what they deal with now has to be very different but they are still there in all their glory solid, dependable and secure, awamzing really when the equipment they had would have been nothing compared to today, rather like the Pyramids in a way, we dont give our forefathers(and mothers!) enough credit!
Breath taking with the Sun.
Seriously that just sounds like any 3 guy's sitting in a pub talking all things Everton.The Results Business Podcast -episode 2
With guest contributor, Matt Slater
Taken from the board thread
There's an awful lot of conjecture, plenty of what we already know and a hell of a lot of guesswork.
Even Slater says he can't be sure of the facts and is pretty upset that the club won't deal with him.
Why would they , he's a hack from the Athletic , he has no more right than any of us asking questions.
Yet more people trying to push their "relevance " on us.
Why would Moshiri , the Club and any interested parties divulge sensitive business dealings to such people for them to publish or release a pod cast.
There are obviously massive changes going on behind the scenes and we will all find out in due course.
I quite enjoyed listening to it, but as you say there's a lot of filling in the blanks.
They maybe close to what eventually happens, they maybe miles off.
Whatever the final outcome, so long as W. Kenwright esquire and every scrap of his influence is removed it's an improvement.
The binman chronicles
Player Valuation: £80m
I like it how the esk can't understand what is going on or should I say why the deal is structured in the way it is.
The bloke is a more successful business man than I'll ever be but he missed the obvious with Usmanov and he's missing the obvious with this. It might be because he has never stretched himself but it's one word... Necessity!
Moshiri is forced to cede a good portion of the club for half it's true value because of the situation he currently finds himself in. As long as stadium gets finished then MSP double their money and Moshiri will then be able to sell the rest of his shares (If he wants to) at a decent rate.
At the moment if he's in for the best part of 800 million, selling up for 400m isn't great. If we stabilise, find new income from the stadium then that will push up the value towards a billion, so a potential return of around 750m seems a lot more palatable.
Tom Hughes
Player Valuation: £10m
I think the point is that the current situation looks like he will have to cede 25% of the club for far less than 25% of the stadium project alone. That almost sounds like a "necessity" borne out of desperation, and certainly a long way removed from the original plan.
Yes, it may well alleviate some of the hit he will have to take now or very soon.... but what will it all mean for the club's finances going forward?
There are a lots of ifs and buts, but there is still no great clarity of how the finances add up one way or the other. I think the initial wishy washy plan was heavily dependent on USM meeting all shortfalls for the build and interest payments in the medium term. That loss and the hike in construction costs, plus FFP (and failures on the pitch) is going to require some serious heavy-lifting from the stadium in terms of increased income and club-value due to improved perception etc. I think the crux of the whole piece was about trying to access that and the structural changes.
John BCN
Player Valuation: £8m
Appreciate that a lot of what they were saying was guesswork but it did clarify a few doubts I have been having.The Results Business Podcast -episode 2
With guest contributor, Matt Slater
Taken from the board thread
Firstly, the £400m that Moshiri has "lent" the club interest free is never likely to be recovered and so is effectively a gift to the club.
After the MSP investment is paid to Lang O' Rourke, the club will need to take out a commercial loan for £260m to complete the build.
As we already have commercial loans totalling £220m our total debt once the stadium is built will be £480m (£260m + £220m). Annual interest on this would be around £48m so the new stadium will need to generate at least this amount extra to break even. On the podcast they seemed to think this might be just possible. If interest rates fall in 5 years, then we will start to benefit.
As others have pointed out, it's clear that Moshiri has been forced into doing a deal with MSP as he has no other way of paying Lang O' Rourke. Better to dilute the value of his shares than not complete the stadium at all.
The binman chronicles
Player Valuation: £80m
It's easy to see where the plan has gone astray. Brexit, Covid, the Russia situation and now interest rates that are several hundred percent higher than they were when the stadium was being conceived.
Usually any one of those factors would end up with project cancelled 'Everton that', he should be applauded for seeing it through despite the extras in cost and financing. As the post above says, around half of the stadium has effectively been funded by Moshiri and we'll have to pay the costs on the other. Not great, but not terminal either.
I hope there's an affordable option to have a reserved table, with access to a decent bar before and post match.
Bluepablo
Player Valuation: £950k
My take was that the extra income generated by the stadium is only now going to cover the interest costs on the debt to build it given the the increased build costs & the increased interest rates.
So we won’t actually be any better off financially until a further sale to another party who will provide funds to invest in the squad (as Moshri did originally but so badly).
Until then we will continue to be loss making/breakeven & treading water (whilst hopefully continuing to avoid sinking).
So we won’t actually be any better off financially until a further sale to another party who will provide funds to invest in the squad (as Moshri did originally but so badly).
Until then we will continue to be loss making/breakeven & treading water (whilst hopefully continuing to avoid sinking).