New Everton Stadium - Hill Dickinson Stadium

[Lee Smith]

How do you work that out? He gains the value as soon as soon as the stadium is built.

No he won't, because the club won't be an EFC asset until the loan is fully repaid in 40 years time

 

[4737carlin]

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.

Peel - Everton - Council, were all helping each other for the all around benefit, but us being the main player, they all need this, this is why ive always believed this would happen for sure unlike the others.

 

[Jamiednm]

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?

After 40 years, we will own it. The lease is just paperwork, and it says we have the option to take it - which we would. Perfectly standard.

 

[ianefc]

Is it £4.4m per year we are paying LCC just for being guarantor.

 

[LouReedwalkonthewildside]

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

All that matters though mate is that Moshiri will be okay.

 

[Jamiednm]

No he won't, because the club won't be an EFC asset until the loan is fully repaid in 40 years time

Yeah, it'd be the club value + whatever effective equity we've built up in the stadium.

 

[royalbalou]

Everton do

With a huge chunk paid to the lender and £4.4 Million paid to the council

It's a huge chunk now...But in a few years with the way turnover rises it'll be peanuts

 

[Deco]

Club have confirmed that they'll be taking the fan view on capacity etc. Seems like the 50k is far from set in stone which is good, as we should be aiming higher.

http://www.liverpoolecho.co.uk/spor...ws/everton-stadium-blues-vow-consult-12787491

 

[bazzer25]

I've just looked at that Mayoral recommendation pdf laying out the terms of EFC involvement.

On first reading that looks horrendous on finances we have to put forward and the lack of control and ownership we have over the site. I;d have to be persuaded a hell of a lot to support this. It'll be sold as a good move to free up cash for squad investment etc, but if w're to be tenants paying inflation linked payments for 40 years it looks and sounds terrible.

Well Morshiri knows what he's doing that's why he's the successful business man.

 

[ultra]

Is it £4.4m per year we are paying LCC just for being guarantor.

Yes - £4m a year to LCC, £10m a year to the lenders. Total only £14m a year!

 

[roydo]

As the boss said, so many questions.

Great Stadium. Sound.
We MIGHT own it in 40 years.
Not much EFC/Moshiri being committed = more for the team. Sound.
ASSUME naming rights, matchday income etc etc is ours.

Why on earth did some hound Esk off here!

 

[bazzer25]

After 40 years, we will own it. The lease is just paperwork, and it says we have the option to take it - which we would. Perfectly standard.

Yes precisely, not sure the fuss people are making on this is justified in any way.

 

[Azza]

Is it £4.4m per year we are paying LCC just for being guarantor.

And no doubt for other developments to be given a higher priority on the council's list.


Otherwise Sasha and his friend will be round Big Joe's for a little 'chat'.

 

[Efcjake]

It appears in reading Efcjake's post that the entity that provides the financing will be the owner, then that entity will lease it to the SPV who will then sublease it to Everton, and a portion of the 4M annual payment will payback the amount borrowed over the 40 years.

I don't think the 4 million is for anything other than paying the LCC for acting as guarantor.

 

[Deco]

Yes - £4m a year to LCC, £10m a year to the lenders. Total only £14m a year!

In terms of cash flow it's a brilliant deal. You'd expect our matchday income to increase much more than the £14m a year, and on top of that we'll have huge sponsorship opportunities.