New Everton Stadium

[Ferguson1878]

That isn't a trick you can use ad infinitum. There is a ceiling. It only really works if he pays for the lot and/or the resultant increase in value of the club then reflects or balances that outlay or at least sets up a position where it can in the future.

If he's not paying for the lot and loans are required, then there will be interest to pay that cannot be paid off by equity, unless he is able to sell at that increased value or be prepared to take that loss or is able pass on that debt to any new owners. Ultimately, the loss or debt has to land somewhere if that value increase is not achieved.

The MSP deal (if it ever completes) may potentially see him hand over 25% of the club's total shares for less than a quarter of the value of the stadium project alone (if his £760m cost is genuine). That may indicate the gap between speculation and reality and/or his desperation to get someone else to finish the job, to help cut his losses and perhaps sweeten any future sale.

The original financial plan never got off the ground. For most clubs that probably would've been the end of the project. However, given his wealth (and that of his backer) he was able to proceed. He was always going to fund the initial phase, so he pressed ahead regardless, in the hope that additional finances could be secured once the project was started and financial institutions would have greater confidence etc.... this never happened. So he then funded the subsequent phases....again, basically because he could. In for a penny, in for a pound (or 1 billion even). The recent events have shown that it isn't a bottomless pit and at some point debts or their consequences have to be met.

USM were always the ones who were going to fill those gaps..... with grossly inflated sponsorship deals if necessary. That safety net no longer exists.

The hope was that the stadium provided the step-change in everything needed to project the club to that next level. The hope now might be that it doesn't land the club with unsustainable debts or at least helps to facilitate a sale to someone who can absorb those debts.

got a feeling there’s going to be a few more twist in this stadium before it’s finished , all the excitement has been sucked out of it for me now anyway it’s just another headache

 

[ForeverBlue92]

That isn't a trick you can use ad infinitum. There is a ceiling. It only really works if he pays for the lot and/or the resultant increase in value of the club then reflects or balances that outlay or at least sets up a position where it can in the future.

If he's not paying for the lot and loans are required, then there will be interest to pay that cannot be paid off by equity, unless he is able to sell at that increased value or be prepared to take that loss or is able pass on that debt to any new owners. Ultimately, the loss or debt has to land somewhere if that value increase is not achieved.

The MSP deal (if it ever completes) may potentially see him hand over 25% of the club's total shares for less than a quarter of the value of the stadium project alone (if his £760m cost is genuine). That may indicate the gap between speculation and reality and/or his desperation to get someone else to finish the job, to help cut his losses and perhaps sweeten any future sale.

The original financial plan never got off the ground. For most clubs that probably would've been the end of the project. However, given his wealth (and that of his backer) he was able to proceed. He was always going to fund the initial phase, so he pressed ahead regardless, in the hope that additional finances could be secured once the project was started and financial institutions would have greater confidence etc.... this never happened. So he then funded the subsequent phases....again, basically because he could. In for a penny, in for a pound (or 1 billion even). The recent events have shown that it isn't a bottomless pit and at some point debts or their consequences have to be met.

USM were always the ones who were going to fill those gaps..... with grossly inflated sponsorship deals if necessary. That safety net no longer exists.

The hope was that the stadium provided the step-change in everything needed to project the club to that next level. The hope now might be that it doesn't land the club with unsustainable debts or at least helps to facilitate a sale to someone who can absorb those debts.

I find it amazing how world events always find a way to shaft us.

WW1
WW2
Heysel
Ukraine War

 

[arch stanton]

I find it amazing how world events always find a way to shaft us.

WW1
WW2
Heysel
Ukraine War

spot the odd one out

 

[from_the_eighties]

I find it amazing how world events always find a way to shaft us.

WW1
WW2
Heysel
Ukraine War

Hopefully WW3 will shaft the RS,s hope of another title bid under Klopp.

 

[mahermi1]

Hopefully WW3 will shaft the RS,s hope of another title bid under Klopp.

So if anyone's going to book any holidays abroad I suggest you do it before 2026, that's when Klopps contract end is at Liverpool.

 

[Dddddd]

got a feeling there’s going to be a few more twist in this stadium before it’s finished , all the excitement has been sucked out of it for me now anyway it’s just another headache

I wouldn’t worry about it

If the club went into administration someone would buy it from the administrators, including the stadium

Slate clean and ready to go again

 

[Rich1878]

So if anyone's going to book any holidays abroad I suggest you do it before 2026, that's when Klopps contract end is at Liverpool.

Oh, can you imagine what it's going to be like? It will be headline news for days, maybe weeks!

The mourning will cause the country into standstill. The red arrows will fly across Mordor, with some old timer playing the trumpet

Can't

Fkn

WAIT !

 

[Sharpies volley]

Hopefully WW3 will shaft the RS,s hope of another title bid under Klopp.

Even a world wide pandemic didn't stop them winning the league

 

[Sadken]

Even a world wide pandemic didn't stop them winning the league

The COVID season doesn't count .

 

[Dr Baxter]

I used to work with Laing's for a number of years, it will be the same info I've been given.

Trust me, most major projects are never delivered on time and with the current supply chain having delays this build will come into some bother.

My source is a bit closer than someone who used to work for LOR, no offence. Trust me. They were adamant on the information I've posted. Neither earlier nor later. Ready to move in Chrimbo 24.

 

[Onwards Evertonians]

 

[Moomin]

My source is a bit closer than someone who used to work for LOR, no offence. Trust me. They were adamant on the information I've posted. Neither earlier nor later. Ready to move in Chrimbo 24.

Never worked for them, worked with them and still speak to senior people from that company.

Dates i was given was last year, I'm confident they will be delayed as every major project I'm working on at the minute is getting delayed due to issues.

 

[kev]

Never worked for them, worked with them and still speak to senior people from that company.

Dates i was given was last year, I'm confident they will be delayed as every major project I'm working on at the minute is getting delayed due to issues.

Are you sure thats just a coincidence?

 

[Cels]

I find it amazing how world events always find a way to shaft us.

WW1
WW2
Heysel
Ukraine War

Our final game of the 2024/25 Season:

Commentator: "Everton are three up and need just a point from this game to win the Premier League; with only a minute left to play, it looks like they are going to do it. What better way to mark their first season in a new stadium"

​

 

[PhilM]

That will be the handover date you've been given.

It is the handover date, not the move in date as I've previously mentioned. After the handover, Everton will have to then acclimatise themselves to the new stadium.

This will include training on all the equipment, passing the safety certificates and doing test events. That's another two months, minimum.