Why are people getting hot and bothered about the finances of this. Moshiri was never going to just drop 400 mill upfront on this, it was always going to be a complex system of borrowing from someone to pay for it. I bet a bank owns most people's houses on here but it doesn't mean you don't live in them. Only Evertonians could look to rip this announcement to shreds with negativity. We've effectively announced that the club, Peel, and the council are all united behind a waterfront stadium project, and all agreed on the funding mechanism. That's huge. We know the architects have been engaged already just to get this far so I imagine we are further down towards s design than the doom merchants would have you believe.
Given that Moshiri has been here a year this is unbelievable progress and something the previous board failed to do in 20. Indeed Levy and Abramovich have had far longer to look at this and are only just now starting build or confirming designs after working on it best part of a decade. Liverpool's owners shied away from this, West Ham's and City's just waited for an opportunity. Imagine the fume on here if Moshiri just hung his hat on a future commonwealth games bid.
Instead he's gone for probably the hardest new stadium build in English football, with notoriously difficult partners involved in Peel, the council, and WHO, yet within a year of being st the club he's got them all singing from his hym sheet and an agreement over the land and funding vehicle.
What is wrong with people?! For once pipe the negativity down. The club has never been in such a good place since the prem started. We've cleared our debt, spruced up Goodison, have one of the best academies in the country, have a top class managerial team, an owner prepared to spend on the first team window after window, we'll be returning to European football and now we've gone and got the waterfront. These are halcyon days.
