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New Everton Stadium

John BCN said:
Appreciate that a lot of what they were saying was guesswork but it did clarify a few doubts I have been having.

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.
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Pretty sobering. So despite having the new stadium it will be decades before we realise a significant financial benefit from it because of the interest payments
 

Goat said:
My Wife had a works Xmas do there 1 year, she said it was rough as a dogs anus.
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Yep, just looked at their website photo's, a bit minty.

Down there tomorrow, will chance a pint to check it out.

Loads of potential for new bars and stuff down there.
 
LEONARD said:
Yep, just looked at their website photo's, a bit minty.

Down there tomorrow, will chance a pint to check it out.

Loads of potential for new bars and stuff down there.
Click to expand...
My wife works near there, so I often go for a walk if my car is in for repair and stuff, the whole area stinks some days, its really run down.

But theres nothing like giving an area a kick up the arse than a massive waterfront Stadium.

There will be massive investment in the whole area over the next few years.
 

The binman chronicles said:
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.
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I see that the Esk commented further on this on the Everton Board thread. He doesn't believe that MSP's £100m (for 25% of shares) has been sufficient to convince the banks to lend us the rest of the money to complete the stadium. This is why he previously tweeted that Moshiri will be forced to give MSP 51%.
 
Goat said:
My wife works near there, so I often go for a walk if my car is in for repair and stuff, the whole area stinks some days, its really run down.

But theres nothing like giving an area a kick up the arse than a massive waterfront Stadium.

There will be massive investment in the whole area over the next few years.
Click to expand...

As you know, I grew up in/near Bristol. Back then, the dock area in town was basically rubble. Now? An absolutely fantastic stretch of waterfront apartments, businesses, shops, all sorts. You can literally spend a day down there.
 

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