Financially what impact will the stadium really have ?
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12000 increase in capacity and we won't have to spend millions every season in modernisation and maintenance as we currently do at Goodison.
The concourses of the new stadium will also be geared with more facilities with the ability to cater for supporters spending more time at the stadium before and after the game which should see a further increase in revenue.
So 12-18m from gate receipts and extra spend. Wonder how much the interest payments will be.
It really needs to support greater performance on the pitch
Hospitality will add significant revenue. Ability to host concerts, conference/corporate facilities that will be used all year, naming rights, increase in season ticket and individual match ticket pricing, increase in season ticket prices. There will be significant debt to pay for the build but revenues will more than offset this. Our massive financial problem at the moment is we’re forking out for a stadium that brings no income until it’s finished.
Mate, that was just off the top of my head, I'm sure there are plenty of other financial benefits of the new stadium including the ability to accommodate world class events there, concerts etc., a big increase in corporate boxes and entertainment which will all bring in more revenue.
The feasibility studies would all have been done, everything will be geared to increasing revenues, it won't be equivalent to chicken feed.
No having a dig. Just trying to understand the impact of the new stadium given our perilous financial position today. Genuinely don’t know whether whether it is 5,10 or 20m a year
We are obviously going to take a hit financially initially just as every other club with a new stadium has, notably Arsenal who for many years under Wenger were unable to spend big before they moved into the emirates.
Frustratingly we are late to the party as this should have happened years ago when we had the Kings Dock opportunity and we would have been well clear of the cost of that build by now.
It is what it is but it's real and it's nearing completion in the great scheme of things but as long as we can keep the place full and the tills ringing we will hopefully be in a good place financially in a few years.
BTW for what it's worth I was an advocate for us having at least a 60,000 capacity but that is a whole other argument.
£30-£40 mill per year the club is projecting mate.
Mostly interest I’d say as the crow flies mate.
Our overall debt is £400 + mill odd at rates touching between 10-20%.
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we’re a mess mate
Yep we’ve been here before though, with the Bear Sterns that became the Prudential deal mate. Be interesting the accounts coming out in a couple weeks, I believe we are posting a minor profit - but that could be strongly based on player sales.
but how do we even operate and be successful? when we’re screwed
Three ways mate.
1. Shareholder loans - new owner comes in and covers the business losses - that’s what Moshiri did.
2. Debt - though we’re fairly maxed out.
3. Sell players - essentially selling Branthwaite and Onana etc for 10s of millions.
First thing any sensible new owner is doing is going to a lender rolling up our debt into one big loan at a lower interest rate, though we’d prob have to borrow at bit more.
Three ways mate.
1. Shareholder loans - new owner comes in and covers the business losses - that’s what Moshiri did.
2. Debt - though we’re fairly maxed out.
3. Sell players - essentially selling Branthwaite and Onana etc for 10s of millions.
First thing any sensible new owner is doing is going to a lender rolling up our debt into one big loan at a lower interest rate, though we’d prob have to borrow at bit more.
so you think 777 can do this and make us
“successful” ?