New Everton Stadium - Hill Dickinson Stadium

[DerbyshireAndHarper]

I think it's clear at this point that Moshiri isn't backing us to the extent people hoped for when he took over, and indeed it's looking pretty likely that we won't be seeing significant investment without guaranteed return from him at Everton.

He's spent over £200m of his own money on Everton Football Club in the last 13 months.

An absolutely ludicrous statement to say that.

 

[jinkyali]

Why would it make it less likely to have an outcry at first mate? And why wold we want to terminate the agreement?

I reckon the council will be using some of the fixed fee to contribute to infrastructures of the area.

 

[ianefc]

Read @toffee_laura post mate, think about the way finch farms bent around certain players involvement in the club, things make more sense when you think outside the box.

Yeah I saw that. It's hard to keep up, just in from work. Listened to Citytalk on way home and that was positive but starting to see a few negative angles. Some valid, what risk is Moshiri taking?

Don't get me wrong, if we are playing in a stadium we are paying off then that's not an asset of the clubs, so the notion we will be instantly ready to be sold once we play in a stadium is nonsense.

I mean, I can't get a 25-year mortgage on a £200k house, move in and then sell it and get the £200k for myself the following week.

Evertons value will include its debt?

 

[jal123]

That's exactly how I see it

We get a funder to build the stadium let's call him, I don't know 'Usmanov'

'Usmanov' has a conflict of interest and can't build a stadium for a competing company 'EFC'

So 'Usmanov' builds a stadium which can be used for entertaining events like concerts, shows, sports, *cough* football*cough* and leases it to Liverpool city council to use 'LCC'

'LCC' lease that property to who they want 'EFC'

'EFC' pay 'LCC' the cost of the rent they have to pay to 'Usmanov' plus an extra 4.4 mil as a annual security fee which 'LCC' keep

EFC get a new stadium

LCC get 4.4 Mil a year for 40 years without having to outlay anything in cost

Probably way off like, what do I know

That is desperate clutching, Jesus Christ.

 

[Tubey]

so in short...

we are getting a brand new stadium built by Usmanov and are paying him £10m a year back in instalments

and were paying LCC £4.4m a year for being the go between to allow it to happen , to get round premier league rules.

thats about as simple as it can get!

In a nutshell, this. Except we don't know yet if it is Usmanov. We may never know.

Which makes the whole thing open to a lot of investigation down the line.

 

[brettangellnightporter]

So This 300m costs us 14.4m a year for 40 years? So will end up costing us 576m

Almost double what we are actually borrowing!?

Are you aware of things like loans/interest rates/mathematics?

Surely it would be cheaper for Moshiri who has 300m easy to loan it us? If we pay him 15m back a year it will be paid back in 20 years

or he invests his own money and gets a higher return and takes advantage of low borrowing rates for everton through the council.

 

[MrGrumpy]

Surely it would be cheaper for Moshiri who has 300m easy to loan it us? If we pay him 15m back a year it will be paid back in 20 years

Then he can't buy players, this way we won't be hamstrung like Arsenal were, should we become a top 4 team then we probably pay it off faster

 

[Jamiednm]

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.

Good, it means it can't be a generic IKEA bowl

 

[Jack1882]

He's wealthy but he's not in the same league as Chelsea's or City's owners. Everton were never going to be gifted a stadium by their owners who are, in the end, businessmen. They'll take whatever loans present the least risk to them to get the thing built. It offers Everton a marginal advantage in that their interest repayments will be smaller because LCC is acting as the guarantor but the club still pays for the stadium in the end. Perhaps they couldn't get funding AT ALL without this?

Of course, it grates a little as I can't imagine Haringey ever offering something similar - LCC really are going the extra mile here, and without their hand being forced. But on the other hand, this arrangement does mean Everton will technically be tenants for a while, and whether that affects them in other ways I don't know. At the end of the day another big English club is getting a new stadium, and that's got to be a good thing. Like us, they deserve it.

BTW, how did you change your avatar? Everytime I try to upload a pic it comes up as broken???

I wasn't suggesting Moshiri should be financing the stadium though, only Roman Abramovich is loose enough with money to straight up finance something like a stadium. I was just saying that it's a worry that he's not willing to act as the guarentor on the loans.

I've never heard of a council doing this for a football club before, it seems a little crazy. Especially with the explanation in one of the earlier documents that if Everton got relegated or something bad happened they would be liable to give Liverpool council gate reciepts for the long term.

Not sure why your avatar isn't working! I just made a quick png of the logo and uploaded with no problems.

 

[joey_macmo]

Fantastic news, great to secure the site we all wanted and brilliant that there's a plan to finance it.

Love all the blerts on RAWK going on about heads 'not falling off'... I suggest they listen to Roger Phillips phone in tomorrow when I guess there will be absolutely no Kopites phoning in to complain about LCC's involvement....

They can't get Merseyside on the radio where they're from mate

 

[d4kyxx]

so in short...

we are getting a brand new stadium built by Usmanov and are paying him £10m a year back in instalments

and were paying LCC £4.4m a year for being the go between to allow it to happen , to get round premier league rules.

thats about as simple as it can get!

When I hear getting around premier league rules I see potential problems from the premier league in the near future!

 

[MartSlinger]

£14m a year for a Stadium that will bring in more than that through matchday income and sponsorships. Nothing wrong with that at all.

 

[Tubey]

He's spent over £200m of his own money on Everton Football Club in the last 13 months.

An absolutely ludicrous statement to say that.

Absolutely none of that has been done with no mind to a return.

Which is fine. As long as he has the money to get us what we need, we'll pay him back in due course with interest - fair enough; it's a businessman making clever use of an asset.

 

[ianefc]

I wasn't suggesting Moshiri should be financing the stadium though, only Roman Abramovich is loose enough with money to straight up finance something like a stadium. I was just saying that it's a worry that he's not willing to act as the guarentor on the loans.

I've never heard of a council doing this for a football club before, it seems a little crazy.

Not sure why your avatar isn't working! I just made a quick png of the logo and uploaded with no problems.

But it is his business that is being saddled with the debt. So I suppose he is taking the loan on.

 

[catcherintherye]

Let's hope so. I dont like the idea of this financial plan right now. Obviously we have to try something to break through to the elite, but this to me has the feel of something that over-exposes us for an awful long time...and it'll have many people wondering what the beauty is of having a billionaire as major owner if we have to open up ourselves to a lot of potential pitfalls like this over snaring some other party to vouch for us as good for credit.

Count me in as sceptical at this stage.

I am pretty sceptical too as well mate. A lot of chat will be that Usmanov is funding this so we can't do it in a transparent way. However I'm not entirely sure who owns the Stadium, us, 3rd party or LCC. That is quite important. Within my lifetime LCC have been close to Bankruptcy. If that were to happen (not wholly unrealistic in post brexit Britain) and a liquidator came in we would be in a challenging position if we were paying them back.

Likewise if it's in Unsmanovs company (or Moshiri's name) what happens when, nicely putting it they die. There's no guarantee their heirs will want to give Everton a stadium for nothing.

That would be the key risk in all this for me. We look ok for 40 years. However the question of how we pay off the 300 million capital is important. Coventry did something similar I think, and once they fell out of the league it all went sour quickly.

That being said, it could be that Usmanov/Moshiri have lent us the money, so we own the assets and owe them 300 million quid. While not ideal that would be a very good outcome and I hope it's the one we have. I'd rather be left with the asset in our name and owing money, than having the asset in someone else's name with the promise of being able to buy in 40 years.