New Everton Stadium - Hill Dickinson Stadium

[jinkyali]

Even the super rich don't just drop amounts like 500 mill. It was always going to be financed by loans, whether that's a loan from a bank or some other body it was never going to be a 500 mill gift to the club.

He could probably in theory invest that 500m somewhere at a better interest rate and fund the stadium that way through the interest payments alone.

 

[davek]

What use of public money ?

LCC leasing to whomever at open market rates to conform with guidelines on State Aid

 

[roydo]

Moshiri/Usmanov taking an interest in the SPV to be set up? Possibly institutional investors like pension funds would be takers I'd imagine. I couldn't see LCC creating that as a front for Usmanov).

I can.

Not saying they have, but I can see the logic.

 

[MrGrumpy]

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.

What public money? The council arnt spending a penny

 

[streeky]

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!?

Now you know why people in the city get 1m plus bonuses

 

[Efcjake]

my case in point right here. This deal is too complex for you to understand. Just don't worry.

Case in point what mate?

Explain it rather than being an insufferable smart arse.

 

[davek]

I can.

Not saying they have, but I can see the logic.

Surely the investigative reporters at the Liverpool Echo would be right onto that....carry on.....

 

[Frank Gallagher]

Everybody talking about Usmanov or USM funding this stadium has completely missed the point of what was announced with the Council today.

The Council are getting involved to act as a guarantor for a loan to build this stadium.

Why would we ever do that if someone like Usmanov, Moshiri, or USM was going to fund the stadium? There wouldn't be any need for a loan, never mind one that would require us to rope in the Council as a guarantor.

is it just a way of Moshiri and co getting a better % rate then ? using the council as guarantor??

why the hell would Moshiri need a guarantor?

im quite certain Moshiri could gather together a syndicate of 4 busineess people, all of whom could provide £100m each and not have to worry about any bank loans or %'s

there MUST be a bigger reason we are using the council ..

 

[roydo]

Surely the investigative reporters at the Liverpool Echo would be right onto that....carry on.....

lollol

 

[Mikeonlythebestwilldo]

Right how much is it to cost to put 10000,15000 extra seats in if 300 million is a 50,000 anyone ?

 

[Jags..class]

The rs have found to mak

People have been misled and had their timelines messed about with. No one surley ever thought this would be bells and whistles and bat lights?

My concern is who could be being left holding the baby here. Who takes most of the risk here and who (ultimately) gets the biggest financial boost from a built stadium. It looks to me like Moshiri is carrying no risk but will get a massive financial reward if/when it's built.

Who cares, we needed someone with the creative brain to pull a deal off

 

[streeky]

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???

Probably our anti cockeral avatar policy rob

 

[ToffeeTim]

I'm very confused. Couple of quick queries.

Will we own the stadium or be tenants?
Why is 50k now being mooted.?
When might we be in the stadium?
Is this a good deal?

 

[Efcjake]

Irrelevant. No one i their right mind would use their own money to finance something when they can leverage debt that can easily service.

Well it depends on how much the interest would cost. Obviously this deal with the council gives us access to a much lower interest rate for financing than we could achieve on our own.

That said though, my point was that if he paid the money out of pocket then he would forgo the added cost of the servicing the interest, as well as the additional fees required to pay the council for their part of this partnership.

 

[Saint Domingo]

He could probably in theory invest that 500m somewhere at a better interest rate and fund the stadium that way through the interest payments alone.

Exactly, there'll be all sorts of complex finance going on that the majority of us forum folk would only be able to guess at. Instead you've got people coming out only hours after the biggest announcement in Everton's modern history with something akin to 'ey lad whys that Moshiri fella not put his hand in his pocket'.