New Everton Stadium - Hill Dickinson Stadium

[Kev50]

So you're saying that we pay back 800m for the 300m loan?

The figures quoted are provisional, but they seem to be suggesting that total repayments for the 300m will be 40 x 10m. Seems low, but everyone seems to be talking about how this allows us to secure a special rate.

I might be wrong, but I can't remember seeing that the 10 was just the interest payment.

Well that's what usually happens, over a mortgage term you pay back about three times what you borrowed
If we are lucky we will get an interest rate of between 2-3%. I reckon nearer three. That's about ten m a year, before we even get started on the capital. And that is on A £300m stadium, which thi is sure not To be

 

[The binman chronicles]

Well that's what usually happens, over a mortgage term you pay back about three times what you borrowed
If we are lucky we will get an interest rate of between 2-3%. I reckon nearer three. That's about ten m a year, before we even get started on the capital. And that is on A £300m stadium, which thi is sure not To be

There are mortgage calculators available to take away the guess work.

 

[micknick]

So we pay a lease for 40 years and then have the option to pay the remaining 160 years. How much is that 160 years going to cost?!

 

[Moomin]

Well that's what usually happens, over a mortgage term you pay back about three times what you borrowed
If we are lucky we will get an interest rate of between 2-3%. I reckon nearer three. That's about ten m a year, before we even get started on the capital. And that is on A £300m stadium, which thi is sure not To be

The APR is 1.45% according to the reports, not sure if it's fixed though for the term.

 

[Moomin]

So we pay a lease for 40 years and then have the option to pay the remaining 160 years. How much is that 160 years going to cost?!

No idea, nothing mentioned so far. Maybe know more next Friday when it goes to cabinet.

 

[The binman chronicles]

So we pay a lease for 40 years and then have the option to pay the remaining 160 years. How much is that 160 years going to cost?!

Usually it's a nominal value. The length of lease is just there for cover incase it takes us longer to pay off the debt.

 

[Kev50]

There are mortgage calculators available to take away the guess work.

Thanks, yes I will have a look. Did you say you plugged in the figures for a repayment mortgage for £400m and it came out about £24m a year?

 

[GrandOldTeam]

So we pay a lease for 40 years and then have the option to pay the remaining 160 years. How much is that 160 years going to cost?!

That's when we get turfed out over a rent dispute mate and another club is created. Everpool.

 

[atrottel]

The proposed deal between EFC and LCC then envisages Peel granting a 200 year head-lease of the land to the Funder of the new Stadium. The Funder will have the benefit of a lease to a new Council created Special Purpose Vehicle company, which will then sub lease the Stadium to EFC for 40 years. At the end of the 40 yearterm, EFC will have an option to acquire the leasehold interest in the Stadium.

So...

The 'Funder' (be it Usmanov or the Pru or whoever) gets a 200-year lease on the land from Peel.
The 'Funder' provides capital of, say, 300m for EFC to build the stadium.
In return, EFC pays 4m to the council as guarantor and 10-11m to 'Funder' as 'occupational rent' of the stadium per annum.
At the end of every 40-year-period minus one day, EFC have the option to acquire the remains of the 200-year-lease.

Surely the question is (although I will in all probability not be around) how much the option to acquire the stadium and the leasehold interest is going to cost? A nominal one pound? 300m?

Where do people get the information or assumption that it is all like a mortgage and at the end of 40 years everything will be paid off? On the contrary, I would have thought that 3.3% pa (10m x 40years - 300m loan repayment) paid to the 'Funder' was a realistic 'interest' on the funding (in the form of the 'occupational rent') but what has happened in the meantime to the actual funding loan of 300m (or whatever amount)? Is it untouched or is it still there?

 

[TraffordBlue]

RAWK provides its usual insight with this masterpiece...

"This whole crazy vanity project is one hell of an expensive way to simply try to get one over on the Redshite.

I don't know about heads falling off, but many bitter heads truly exploded and lost the plot once we built the new Main Stand.
Because of their monumental obsession with Liverpool they have been forced to go to extreme lengths just to try to save face and claw back some pride. OK, I'm no business brain, but does all this actually make good business sense at all? I wonder if their club are vastly over-reaching themselves in the service of trying to keep some sort of pace with us. You expect the fans to go overboard with ambitions they don't have to pay for themselves, but have the club also bought into that mentality too, now? Much of this seems to be based on little more than [Poor language removed] waving and trying to win bragging rights than it does common sense. It's a hell of a price to pay for a penis extension."

That's right mate.

This is the great thing about all this. Not only do we get to feel optimistic about the future, but as predicted, they've completely lost control of keeping their bitterness in check. Which always seems to be the case when any club tries to better itself and may outdo them.

On RAWK they've been in stitches at our previous failed ground moves stemming back to 2003. It wouldn't surprise me if the same poster as the one you're quoting has used the Kings Dock move as a stick to beat us with for whatever reason. And then they come out with this ridiculous claim that all of a sudden, Everton sprung in to life and decided, 'that's it we have to look for a new Stadium now that LFC have got their nice big new stand'.

They really are the true bitters aren't they. This is just the beginning with their outrage now that we are showing real ambition for the first time in 30 years.

 

[GrandOldTeam]

So...

The 'Funder' (be it Usmanov or the Pru or whoever) gets a 200-year lease on the land from Peel.
The 'Funder' provides capital of, say, 300m for EFC to build the stadium.
In return, EFC pays 4m to the council as guarantor and 10-11m to 'Funder' as 'occupational rent' of the stadium per annum.
At the end of every 40-year-period minus one day, EFC have the option to acquire the remains of the 200-year-lease.

Surely the question is (although I will in all probability not be around) how much the option to acquire the stadium and the leasehold interest is going to cost? A nominal one pound? 300m?

Where do people get the information or assumption that it is all like a mortgage and at the end of 40 years everything will be paid off? On the contrary, I would have thought that 3.3% pa (10m x 40years - 300m loan repayment) paid to the 'Funder' was a realistic 'interest' on the funding (in the form of the 'occupational rent') but what has happened in the meantime to the actual funding loan of 300m (or whatever amount)? Is it untouched or is it still there?

That bold there is my confusion.

 

[Kev50]

The APR is 1.45% according to the reports, not sure if it's fixed though for the term.

I don't see how we can have the loan agreed yet if LCC have only just said they will guarantee? Unless it's all been done behind the scenes of course. That would be an unbelievable deal if true. Why would anybody lend on that basis, especially such a huge amount

 

[Azza]

So we pay a lease for 40 years and then have the option to pay the remaining 160 years. How much is that 160 years going to cost?!

£1.

 

[ALANSTUBBS]

That bold there is my confusion.

Me too,

In simple terms are we paying rent or paying down on capital mortage payments?

I am still not sure.

 

[Moomin]

I don't see how we can have the loan agreed yet if LCC have only just said they will guarantee? Unless it's all been done behind the scenes of course. That would be an unbelievable deal if true. Why would anybody lend on that basis, especially such a huge amount

Rate given to government for infrastructure spending.