New Everton Stadium - Hill Dickinson Stadium

[Neiler]

At the end of those 40 years, Everton will have the option to buy the lease for Bramley Moore Dock from the funder.

Isnt that very similar to the model Coventry went down and were homeless.

 

[toffeejack]

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?

probably because usmanov will own us next year and he'd just like it on his CV as a label as opposed to out of his wallet.

 

[jinkyali]

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?

Who gets the revenue from the stadium too during this period?

 

[Jamiednm]

It says 'high level' estimates of £300m+ for 50k. Wouldn't be at all surprised if when the design is unveiled it is well in excess of that.

 

[mmmmsnouts]

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?

Everton still wouldn't technically own the stadium and the lease until they buy it, but transactions like this are always symbolic. Usually £1 or something like that.

 

[Lee Smith]

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?

I'm assuming this will be a Pre-agreed, nominal / pepper corn fee of something ridiculous like £1.

 

[Neiler]

So essentially after 40 years we wont own the ground, we have an option to lease it again from the stadium owner - the funder.

We wont own our own ground, how is everyone with that its quite a significant headline?

 

[Frank Gallagher]

its exactly what the dildo brothers have done at west ham..

got a brand new stadium for absolute minimal input, yet gain to profit huge amounts from a future sale.

its a little bit bitter / sweet this.

 

[jinkyali]

Report mentions commonwealth games too.

 

[4737carlin]

So essentially after 40 years we wont own the ground, we have an option to lease it again from the stadium owner - the funder.

We wont own our own ground, how is everyone with that its quite a significant headline?

Ill be in my mid 80s and im sure by then it will be the least of my worries!!!

 

[Kieno]

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?

Moshiri would be about 123 years old by the time he'd benefit anything.

A 60+ year old cannot act as guarantor for a 40-year loan

 

[TheFinnFan]

Juves brill stadium has a capacity of 41,000

and stop fuming about that 50,000, it's there abouts. facts later.



aaaaaaahhh iconic stadium at the waterfront.....time for a nice shot of rum

 

[COYBL25]

Correct me if I'm wrong.

So this is going to work like a P.F.I. ?.

 

[chippy1722]

Surely the £4m a year that the council will get will benefit us as well, with the ground being given the go ahead they will be providing better roads and access links and all of the other stuff that will go ahead with such a sizeable project.

 

[LouReedwalkonthewildside]

* 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.”

Has me scratching my head bits like this, so this sounds like we haven't got all the funding/investors in place yet?