TheFinnFan
Finners
Fantastic thatas long as it looks nothing like Chelsea's remodelled Stamford Bridge
Absolutely hideous.
Only just got in from town but already thinking abar going back out
There are a few things about this deal that seem a bit odd.
Is LCC really going to guarantee a £300m loan by a football club? What happens if we get another Bobby over the next 30 yrs and this time he finishes the job? Lcc are left with a diminishing leasehold interest in a championship club, and will have to pay back the Arsend of £300m??? If that is the case the kopites will be sniffing the air
Also, the club will be paying for the lot, so each yr we pay £4.5 to Lcc, let's say interest at 3% (being generous) that's another ten, and I assume we will also want to actually pay back the loan over whatever the loan period is (say 30 yrs) that's another ten million a year. Are we really going to have to buy Lukaku every year just to keep afloat? And that assumes it'll come in at 300m, you might have to double that....
Is LCC really going to guarantee a £300m loan by a football club? What happens if we get another Bobby over the next 30 yrs and this time he finishes the job? Lcc are left with a diminishing leasehold interest in a championship club, and will have to pay back the Arsend of £300m??? If that is the case the kopites will be sniffing the air
Also, the club will be paying for the lot, so each yr we pay £4.5 to Lcc, let's say interest at 3% (being generous) that's another ten, and I assume we will also want to actually pay back the loan over whatever the loan period is (say 30 yrs) that's another ten million a year. Are we really going to have to buy Lukaku every year just to keep afloat? And that assumes it'll come in at 300m, you might have to double that....
kithnou
Player Valuation: £70m
kithnou
Player Valuation: £70m
http://www.liverpoolecho.co.uk/spor...s/evertons-new-bramley-moore-stadium-12789845
Everton's new Bramley Moore stadium: Why Moshiri hasn't just signed a cheque
Phil Kirkbride hails the influence of Everton's majority shareholder
Farhad Moshiri will have been an interested observer from afar as Everton’s hopes of moving to Walton Hall Park dissolved amid acrimony.
It was November 2015 and the Blues’ Annual General Meeting descended into a public spat between chief executive Robert Elstone, on stage, and Mayor Joe Anderson, at home, responding on Twitter.
Already in talks with Bill Kenwright about potentially investing in Everton, Moshiri would have been forgiven for wondering what he could be getting himself into.
But that 16 months on, the Blues have reached what they call a “milestone” in their search for a new home is testament to his drive, ambition and financial clout.
It has been confirmed that Everton have struck a deal to buy a plot of land on the banks of the Royal Blue Mersey from Peel, and that Liverpool City Council are set to agree a funding model to help them finance the construction of a new stadium.
Bramley Moore dock and Goodison Park
Hurdles, significant ones the Blues are stressing, are yet to be overcome but there is no denying, or ignoring, the significance of what was revealed on Thursday, March 23, 2016.
Moshiri, of course, won’t rest until Everton are playing Champions League football and challenging for titles in their brand-spanking new 50,000-plus seater, iconic stadium on the waterfront, so for him today may not have held the same resonance as it did for a long-suffering supporter base.
But the billionaire investor has to take major satisfaction for overseeing a pace of change they’ve not been accustomed to.
In just under 13 months at the helm of this new-look, new-feel, new-breed Everton, Moshiri has sifted through the wreckage of another failed ground move and breathed life into a different, but markedly more exciting one.
But it is the mundane stuff, by comparison, which has made this possible.
Read More
Everton's Bramley Moore stadium to go ahead
Moshiri has brought financial stability to the club; injecting an interest free £80m loan to help with clubs debts, and it is this financial solidarity which has helped convince the Council to act as the Blues’ guarantors with whichever lender they borrow the “in excess of” £300m from.
It is also Moshiri’s wealth which means the local authority are forecast to receive over £4m annually as a security payment for this, and why a deal with Peel is on the brink of completion.
His huge contacts book will also open doors to banks, hedge funds, pensions or big insurers, that would otherwise have been closed to Everton.
But why hasn’t he just signed a cheque and handed the money over?
Because Moshiri has the long-term interests of Everton at heart and at the General Meeting in January he used the words “sustainable” and “sustainability”.
Certainly not phrases to send shivers of excitement down your spine, but important ones, because he is not interested in becoming Everton’s Sugar Daddy.
Farhad Moshiri (L) and Bill Kenwright (C) all addressed fans at the Philharmonic
Moshiri wants the club to, one day, be able to stand on its own two feet and so is mindful that however much more of his personal wealth he is prepared to use, it must also be invested into the squad - this way, he can influence matters on the field, but still do so off them as well.
Everton is not an investment opportunity for Moshiri, where he expects to see a financial return. It's a project of passion to help Everton start mixing with the elite again.
And so within reason, amid sensible financial planning but also with the injection of not insignificant amounts of his own money, he can give the club the leg-up it needs.
Ploughing over £300m of his own fortune into a new stadium is not how this one works, but his financial clout is certainly helping to make this happen.
bluestevon
Player Valuation: £80m
Just going off what waacsais when USM sponsored the training ground mate and how it wouldn't fall foul of any conflict of interest as we didn't actually own it etc, but sketchy on the reasons given but can remember a few people explaining how it was very clever bending of the rules....
chrismpw
Player Valuation: £70m
So the funder is.....?
Are we not opening ourselves up to a considerable amount of vulnerability here? Peel holdings ultimately still own the land. They set a price 40 years in the future, for the remaining lease - what if that price is extortionate?
The binman chronicles
Player Valuation: £80m
If the figures are right 14 million a year for a new stadium should be still affordable even for a championship club. (not that is going to happen to us anyhow-touch wood)
Also like a normal lending agreement, if there were problems 20 years down the road it should be possible to refinance the now smaller debt into lower payments over a longer term.
The binman chronicles
Player Valuation: £80m
I'd imagine the figure would be set before we sign the contracts so we will know and have agreed the price for a final transfer of ownership.
TheFinnFan
Finners
MartSlinger
Player Valuation: £40m
You really think Farhad and LCC dont know who they can get to be the funder? Farhad is an intelligent man, he's got it all sorted.
when i score we riot
Player Valuation: £40m
Is anyone else worried that the launch video is filmed in front of a scale model of the Titanic?
It would be £24m a year though? And that is assuming no overruns on a base model £300m stadium. If w want the bells and whistles were prob looking st £400m (given that we are also building on a drained dock and there are sure to be overruns), so more like ££30m a year?
MartSlinger
Player Valuation: £40m
Why are you trying to figure out all the numbers behind it when we have an accountant as our majority shareholder?
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