New Everton Stadium - Hill Dickinson Stadium



As was advised: it's the Grand National, and we're hacking across the Melling Road on the way to the first fence.

Anyone who thought we were further along than that were seriously misled.

So, the agenda seems to be:

  • Vote at full committee meeting at LCC
  • If, as expected, successful, head of terms gone over in detail for a few months in conjunction with EFC consulting 'stakeholders' on design and capacity required to determine costs (vote on it, perhaps?)
  • planning application sought from LCC
 
jinkyali said:
No. Council participation is acting as guarantor only. For that they get 4m per year.

This enables the club to access a cheaper pool of finance.
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Ahhh I'm on it now. Thanks jinks!

So the finance that we can secure with the Council acting as guarantor is worth enough to us to save us over 4 million quid in annual interest payments? That's a fair bit isn't it?

Then again, with our credit ratings with the banks after Kenwright's reign I could envision it.
 

davek said:
As was advised: it's the Grand National, and we're hacking across the Melling Road on the way to the first fence.

Anyone who thought we were further along than that were seriously misled.

So, the agenda seems to be:

  • Vote at full committee meeting at LCC
  • If, as expected, successful, head of terms gone over in detail for a few months in conjunction with EFC consulting 'stakeholders' on design and capacity required to determine costs
  • planning application sought from LCC
Click to expand...

So are you old Dave again, or still the new shiny one?

Confused the life out of me this afternoon.
 
ijjysmith said:
Still sounds a fair way off to me.

But Everton.
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at the AGM mate only a month or less ago, we where told we where still looking to how to fund it - now that's been done
Peel just the other week said we where talking about the land - the land has now been agreed to give us head of terms - so in effect when we want it the price is sorted, the deal is done (planning permission then owned)

think how fast it has went from those two statements to the issues being resolved, this is now moving VERY fast, be very surprised if their isnt more announcements in the pipeline imminently
 
Neiler said:
Im confused here:

A report will be presented to the council’s cabinet next Friday (31 March) recommending that the City Council progress Heads of Terms to create a new Special Purpose Vehicle (SPV) company which will take a lease of the stadium from a funder and, in turn, sub-lease it to the Club.
The recommendation being presented to the council’s cabinet follows months of talks between the Club and the local authority and following advice from independent financial and legal experts who have reviewed Everton’s “robust business case”.
Under the proposed finance structure of the SPV the council will not provide any finance for the new stadium, which is anticipated to cost in excess of £300m and will be fully funded by the Club.

What are the council funding? what are we funding? who owns what? and what is the liability?
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This is where esk came into his own on stuff like this.
 
Efcjake said:
Ahhh I'm on it now. Thanks jinks!

So the finance that we can secure with the Council acting as guarantor is worth enough to us to save us over 4 million quid in annual interest payments? That's a fair bit isn't it?

Then again, with our credit ratings with the banks after Kenwright's reign I could envision it.
Click to expand...

I would think it's less than that otherwise club just get finance themselves
 

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