New Everton Stadium - Hill Dickinson Stadium

[Jack1882]

The council get a far better interest rate than Moshiri ever could.

That's not true at all, a billionaire will have access to rates Liverpool council could only dream of.

 

[widnesblue]

Surprised at the 50k after been told by a couple of people it would be 55k. The was talk of adding an extra 10k seats in the future too.

It's definitely been supplied by usmanov's steel company though.

 

[Dom1878]

50k would be an utter joke of a capacity.

King's Dock was going to be 55k. It should have been 60k minimum.

Completely agree.

 

[Toast]

That's 10,000 more seats than we have now and probably 15,000 more unobstructed seats. For all the pee we take when City and Big Stand have empty seats on match day, let's not create the same problem for ourselves right away.

Bang on.
State of the art 50k will be boss, with chance to develop if needed.
Sold out for years with long term family season tickets etc.

 

[Wat Tyler]

* So where will the money for the stadium come from?
It’s up to Everton to find the money it needs following its own negotiations.

But having the council as a guarantor should make this stadium development much more attractive to potential investors.

Nick Kavanagh, the council’s director of regeneration, said: “With the financial position of the club now and the security given by the city council we will be bowled over by the amount of organisations that want to provide that funding.”

 

[mmmmsnouts]

We sell the five k obstructing seats now so irrelevant.

But the rest? Big Stand has the bestest fans in der world and even their shed loads of Norwegians can't fill 54,000 seats every week. Rather the club be conservative on this and design the stadium to be expanded later if the ticket demand is as robust as we all think it will be.

 

[streeky]

That's not true at all, a billionaire will have access to rates Liverpool council could only dream of.

wrong

 

[jinkyali]

Neither is Joe Lewis but the holding company he owns is the guarentor on the loans needed to build our new stadium.

True. I imagine the council have told him he can get cheaper rate via them. Plus the council can use the money earnt to boost services/contribute to the infrastructure.

 

[Harryflashman]

Neither is Joe Lewis but the holding company he owns is the guarentor on the loans needed to build our new stadium.

Made up for you

 

[Jacko93]

50k is just an arbitrary number, don't get too hung up on it.

 

[Kieno]

So the current thinking is,

- Everton secure funding through a borrower 300+mill.
- The Council go guarantor.
- Everton build the stadium.
- The Council take ownership of the stadium on completion.
- The council lease to Everton for 40 years.
- Everton pay back 4 mill a year for 40 years.
- Everton take ownership of the Stadium in 40 years time.

So in essence Everton have to borrow 300+ mill and give the council 160 mill over 40 years.

Total (conservative cost) 460 mill.

No. The £4.4 Million per yer is only the bit that goes to the council. There's a bigger sum per year that goes to the lender.

From Anderson:

"The SPV will get an annual payment from the club, a year in advance. Most of that will go back to the funder to pay off the stadium costs and more than £4m a year will go to the council".

Then he says:
"And at the end of those 40 years, Everton will have the option to buy the lease for Bramley Moore Dock from the funder."

That's the bit I don't get. After 40-years, we have already paid back the loan. How do we not automatically own the stadium at that point? What's left to buy and for how much?

 

[bluestevon]

"No financial outlay by LCC and structuring the proposed deal in this way will enable EFC to raise the necessary funding from a third party investor to build the new Stadium;"

Page 2, under the Background section

Cheers mate, got the wife and kid pestering me atm so will have to put off reading the full report till tomorrow.

 

[Scouse]

Sounds really dodgy to me. Loans with a local council as guarantor and if the worst happens it's Everton's long term future at stake?

Why isn't Moshiri the guarentor on the loans, does he not have the money or he'd rather Everton take the risk?

I agree mate...he can walk away if it all goes titsup

 

[Jack1882]

Made up for you

It's not me having a slight at Everton here mate, it's just a first impression. Moshiri is gaining a new stadiums worth of value to his investment in Everton without any risk at all... that sounds ok to you?

 

[CahillsCornerFlag]

You've really got to hope the 50k was purely research and a round figure to get an estimate cost, because if 50k is the capacity they've got in mind then they've got it wrong I'm afraid. You don't build what's being billed as a state of the art stadium to make all your rivals envious then only make it 50k. 55k minimum with the capacity for more. That would be too small before we even start.