New Everton Stadium - Hill Dickinson Stadium

Jack1882 said:
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.
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Look at it this way - why act as a guarantor on the loan when LCC doing so ensures cheaper lending terms, and it opens up channels to bring in investment from others that would have been illegal conflicts of interest otherwise.

That's the rationale I have for it.
 

Tubey said:
... and is the reason I am massively underwhelmed.

Sure, it could be Moshiri funding it, but he's doing it in such a hands-off way that it's quite bizarre to me.

It could be a proxy for Usmanov of course, but in that case it's just downright shady.
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I suppose the way I look at it is football both on and off the pitch has been shady for years.

We are often on the receiving end (Collina springs to mind).

If we truly want to compete then we need to find any way possible without obviously breaking rules.
 
Tubey said:
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.
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given Moshiri's business relationship with him and his sponsorship deal , i would take it as he will be on board, along with a couple more suitors.
 
bluestevon said:
Will say one thing Dave, the way this deal has been done, entirely frees up usm to sponsor our new ground and much more.

I know your rightly doubtful given our clubs past, but judge what moshiri has done and not one dodgy shafting he's ever been involved in, for the money he'd make, why start with us after this long in business, stuff can and will look weird, and its because they are manipulating fpp, premier rules to the maximum in order to get us where they want us, May work, it may not, but I love the fact we aren't just settling for a pat on the head and to know our place anymore.
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Whatever the rights and wrongs of the deal being constructed I think we can see already from the released council document that there is plenty of scope for this to be called in. Does it pass the test of getting best use of public money? Will it be subject to protest over congestion? Will it fail on account of design and Historic England raise an objection? Im sure there are more grounds for concern too.
 

I won't be here in 40 years so not bothered about this term
The stadium will be a show piece and will give the exposure we need. Also no posts blocking views, got to be a winner
 
cheers_law_and_order.gif
 
It's says when the r
Paymemts are up and the stadium is paid for we will then own it and the council thing will be disbanded..

Have I read that right??

Why are some saying we won't own it
 
I've just spent an hour going through every word of the council documentation and every word of all three press releases.

The poster who said Moshiri is getting the boost to his investment without risk is not really wrong. The entire risk sits with the club through security over revenues so in that sense Moshiri is carrying the risk but this vehicle is basically a way to get a stadium built cheaply (access to cheaper financing) with no upfront capital risk.

Another worry is the fact it has been costed on 50k capacity. I think 70:30 fans would want bigger. That is something to watch and comment on as we start to see the plans developed.

The elephant is there is no way this can be built for £300m. Think £500m. That £14m pa estimate will then be £23m. A 50k capacity won't carry that...
 

davek said:
Whatever the rights and wrongs of the deal being constructed I think we can see already from the released council document that there is plenty of scope for this to be called in. Does it pass the test of getting best use of public money? Will it be subject to protest over congestion? Will it fail on account of design and Historic England raise an objection? Im sure there are more grounds for concern too.
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What use of public money ?
 
For all the "why isn't Moshiri personally underwriting the loan" shouts: I always thought the mega-rich personally have bad or no credit because they don't need it. They can just pay cash for most anything they would ever need or want.
 

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