New Everton Stadium - Hill Dickinson Stadium

[Neiziro]

Interesting note in that report that we're raising funding from an unnamed "third party investor".

I wonder who that would be.

 

[hibbo'sclass]

Echo article on where the money is coming from: http://www.liverpoolecho.co.uk/news/liverpool-news/new-everton-stadium-money-from-12788250

So the new SPV is the equivalent of EIL - I get it now!

 

[Efcjake]

@davek @hibbo'sclass

So on top of paying the interest for the loan which the Council is helping to secure for us as guarantor we will be paying annual lease payments to the council as a way of rewarding them for acting as our guarantor.

Is the cost of lending 300 million + quid to Everton vs lending it to the Council worth an extra 160 million (4 million x 40 years) quid to us?


Is the interest they'd charge if we secured the loan ourselves vs with the council more than 160 million quid???

That seems steep.

 

[Mozza1987]

Will be disappointed if the capacity is 50,000. Has to be 60,000 surely. Great news otherwise!

 

[mightymoyes]

Where is the 50 000 seater info coming from?

voices in peoples heads it appears

 

[bluestevon]

This isn't a pipe dream like the others. We've actually done something tangible here other than draw up fancy sketches of stadiums. This is more progress than we've ever made before, it's a huge step, the biggest one we'll probably have to take.

I agree mate, i was more laying out why some will not believe until it's effectively being played by the team in.

We aren't as a group of supporters used to nice things happening, we also arent used to being ran by someone who has a clear idea about what he's doing and is exceptional at it.

Frankly anyone bandying around 'quick profit' etc about the new owner or similar can be effectively discounted IMO

 

[Efcjake]

Interesting note in that report that we're raising funding from an unnamed "third party investor".

I wonder who that would be.

Who/where is that said?

This will be coming from investment groups, not out of Usmanov's pocket. If that were the case there would be no need for this SPV process.

 

[LouReedwalkonthewildside]

I think that it means the club funds/procures finance but outside of the group, builds it, leases it to the council, who get a fee to lease it back to the club.
Potentially a similar structure to EIL/GPSL but not group companies
Bit confused to be honest - given the paucity of detail it almost looks like a sweetener is being paid to LCC by way of the annual licence fee.
May be miles wide of the mark though as some of it makes no sense in terms of increasing FFP profits.
Let's see what comes out a week tomorrow.

* this is a non-vaultable post and any pee-taking will see me dissolve in a pool of tears.

Bloody hell, if you're confused there is no hope for all us.

 

[GwladysBlue]

So the new SPV is the equivalent of EIL - I get it now!

I don't!

Explain please

 

[hibbo'sclass]

Yeah that is what is outlined in the Echo article I've just read.

Did my reply before reading it mate, but amended since reading it mate.

I'm either savvy or a liar - you decide. (I never lie)

 

[chewee]

So the council is actually lending Everton the money to fund the stadium and the "lease" is the repayment of that loan?

No the council haven't got that sort of money. They do however have significant assets on their balance sheet (Mainly property - Council Houses etc) and can act as a guarantor for Everton. For their troubles we'll make an annual payment to them and the rest towards the loan (£14 million in total).

 

[toffee-boy]

So USM build it and have no contact with Everton on paper. Nice!

Hmm fair idea, then the fair play thing won't matter and there's no conflict of interest as we're getting it thought lcc

 

[jinkyali]

50k mentioned on council report
Dissatisfied with that personally.
Doubt it will be changed as that will likely increase costs and render the finance model pointless currently.

 

[krea]

Fantastic news! The first step has been taken and hopefully it will be a smooth (even though it will be long) process.

 

[mmmmsnouts]

Would have to assume Everton know they can save at least 4.4 million per year by using this arrangement to get a lower interest rate on their loan.