New Everton Stadium - Hill Dickinson Stadium

[nsno-chris]

Multi billionaire businessman or some random from GoT

Wonder who has the best business acumen

 

[brettangellnightporter]

FIFA fair play knackered any chance of us spending what we would like to on a stadium.

Stopped reading right there - Fair play excludes infrastructure spend

 

[TheFinnFan]

http://www.redandwhitekop.com/forum/index.php?topic=315580.37480

Heads are rolling here.

basically,,,HOW CAN LCC HELP EVERTON THIS WAY!!!!??? Anderson is a blue!!!

 

[roydo]

Firstly if we couldn't find 30m in 2003 to fund kings dock. How do we plan on finding 300m this time? Sale of Rom part of this? Or can they guarantee any sale funds will be kept for new players!

Secondly how many years do we pay the council 4.4m in security fees for as our guarantor for any loan? Is it just until we find financial backing and if so how much?

Thirdly long long way to go we have been in similar situations before.

Cos WE arnt. Others will finance it down to the LCC guarantee thing. Which I still dont really get.

 

[Darth Toffeeman]

Does FFP cover infrastructure spend? I thought you could spend what you liked on infrastructure, just not player spending?

Well if so then the links to our owners company partners could be the reason.

Whatever the implications we need to move and the regeneration of the dock area will benefit everyone.

 

[ashwuk76]

Just a couple of questions for those brighter than me on this.

1) We pay the council 4.4 million over 40 years. So around 170 million? Presumably this is the interest in order to guarantee the loan (and have preferential rates etc).

2) At around a 4% rate, 300 million paid back over 40 years would cost us about 15 million a year. Will the capital repayment e around 10 million a year if the interest is 4.4 (in line with how a mortgage from a bank might be?)

3) Who will we be repaying the capital too? Who is the loan too? Private funders? Moshiri? Usmanov? Usmanov company?

4) Will we have to pay an annual fee to reduce the capital owed? Is it more flexible than that and we can pay more or less over time? If we just repay the interest, after 40 years we will surely still owe the 300 million on the ground?

5) How will we fund our side of it? I saw Spurs were looking to attract 400 million pounds in naming rights. That seems very high, probably a bit out of our reach currently. But could we raise 200 million for a long term ground name sponsor? Player trading to help fund paying off the capital?

I'm not sure we'll have any concrete answers to the above. I appreciate some of the points are a bit difficult to answer immediately. If people can answer what they can I'd really appreciate that.

I don't see any reason why an usmanov/moshiri owned company couldn't provide the finance...as technically they would be providing funding to the new vehicle set up by the council... and we sub let from them. So I guess that would get around the rules...

If I have interpreted that right than that is outstanding...and would mean no real fears about owning it after 40 years...

 

[bazzer25]

Don't think it's people making a fuss mate, more just trying to understand it all. It's like at the end of the 40 year lease we have the option to take it, do we have to pay a lump some of cash to take it?

I understand that and it's all fine but the talk by some that Morshiri doesn't have a clue is quite amusing. If some on here are the business men they are quite obviously making themselves out to be then why aren't they the billionaire?

 

[davek]

Away from the finances: what comes across pretty strongly in the council document is the obstacle that Historic England could provide. They will be looking very closely at any design that would degrade the waterfront from World Heritage Site.

 

[d4kyxx]

Cos WE arnt. Others will finance it down to the LCC guarantee thing. Which I still dont really get.

To which surely any funding we receive we will be paying back over a period of time anyway?

 

[hibbo'sclass]

Typical - computer in for repair so can't look at the backgroud info, but am I right in thinking that EFC go to the markets using LCC as a flag of convenience, EFC develop the ground then lease it to LCC, LCC administer the repayments by way of two accounts with a lien on them in favour of LCC, certain income streams are given as security to LCC.
So effectively the "novel" funding scheme is identical to EFC/PruTrustees/EIL/GPSL that was in place, just different participants?

*for LCC read their SPV.

 

[catcherintherye]

Well if so then the links to our owners company partners could be the reason.

Whatever the implications we need to move and the regeneration of the dock area will benefit everyone.

Yes when you read of an unnamed funder, I do suspect if it's someone close to Usmanov.

 

[brettangellnightporter]

Firstly if we couldn't find 30m in 2003 to fund kings dock. How do we plan on finding 300m this time? Sale of Rom part of this? Or can they guarantee any sale funds will be kept for new players!

Secondly how many years do we pay the council 4.4m in security fees for as our guarantor for any loan? Is it just until we find financial backing and if so how much?

Thirdly long long way to go we have been in similar situations before.

1. new owners - council guarantors to the loan too.
2. for 40 years - it saves us 4m from commercial routes
3. is that a question?

 

[royalbalou]

Am I right in thinking that as we are sub letting the stadium from the council, that allows a certain shareholder in another club to potentially build the stadium and have naming rights without breaching any rules???

Whatever do you mean Comrade?

Sips vodka

 

[jinkyali]

He's never done anything like this before.

His priorities here on the stadium put simply appear to be: keep his hands out of his pocket, let others step forward and stand behind the financial package required on whatever terms necessary for them to do that, get it built, then get out of the club with a massive profit upon sale of shares.

That's why he is a billionaire

 

[catcherintherye]

I don't see any reason why an usmanov/moshiri owned company couldn't provide the finance...as technically they would be providing funding to the new vehicle set up by the council... and we sub let from them. So I guess that would get around the rules...

If I have interpreted that right than that is outstanding...and would mean no real fears about owning it after 40 years...

Yes would that mean when it was paid off they would own the stadium though, or Everton would own the stadium?