DBB will soon stand for “Didn’t Build Bramley”
GwladysBlue
Player Valuation: £70m
She learned well from Elstone of how to say a lot of words, without really saying anything. Poor choice for CEO. At least she ‘gets’ us, though. Haven’t seen one thing she’s said yet without reminding us of her lifelong support for the club.
BunnerJnr
Player Valuation: £500k
She’s learned that from the greatest living Evertonian, William Kenwright CBE!
McBain
Player Valuation: £80m
BunnerJnr
Player Valuation: £500k
The fan consultation is just being used to fill the void while they try to raise the finance. Seems like they can’t otherwise the arld ‘ringfenced’ would’ve been trotted out by now.
RobSpurs
Player Valuation: £2.5m
Consultation is fine if you ask the right questions to the right people. e.g. if you send a survey out to members only you might ask questions like...
How likely out of 10 would you be to upgrade to a season ticket in a new stadium if xyz?
But you DON'T ask...
What do you think the capacity of the new stadium should be? because you'll just get a load of opinions and guesses.
Questions like the first should inform the answer to the second.
BlueAde
Player Valuation: £1m
I work in construction & get a 'Construction News' e-mail newsletter sent through most days. This just landed & i', putting it here for info:
Mayor Joe and the big PFI question
The first question from the presenter caught me off guard.
“What is a PFI contract?” BBC Radio Merseyside’s Tony Snell asked.
I had been booked by the breakfast show to provide a construction perspective on the whole Carillion Royal Liverpool Hospital debacle, but I had now found myself tasked with explaining a complicated economic funding instrument.
“It’s kind of like a mortgage,” I said, “except other financial bodies can buy a stake.”
Mr Snell seemed to accept this pretty superficial explanation, which considering the mainstream audience was probably fair enough.
I wonder if Liverpool mayor Joe Anderson was listening to his local station ahead of appearing at the Labour conference in his hometown.
Because a few hours later the mayor was offering a very different explanation of PFI contracts, telling party delegates they were essentially “Wonga for the public sector”.
Mr Anderson has been a regular critic of PFI deals since he became Liverpool’s first mayor in 2012.
One of the big bugbears among PFI critics is the idea that private firms are lining their pockets with public money and reaping vast profits. A quick glance at the latest CN100 shows that contractor margins are very much at odds with Mr Anderson’s description of a sector led by “rip-off merchants”.
It could be pointed out that three of Carillion’s biggest problem jobs that contributed to its downfall were PFIs. The risks cut both ways.
But for Mr Anderson to cast himself as some sort of anti-PFI warrior is something of a stretch. Indeed, a project close to Mr Anderson’s heart suggests he remains open to complex deals between public bodies and private institutions to fund major schemes. His plans to loan Everton Football Club £280m to build its new ground are an example of exactly that.
The deal will involve the council taking a stake in the stadium project by agreeing an intricate arrangement with the club along with several financial institutions.
Mr Anderson argued that it was a sound investment and would provide the council with an annual dividend of £7m a year, along with business rates of £1.4m.
“When you take the politics out of it, it is the right thing to do,” he told the Liverpool Echo when quizzed about whether the plans were an appropriate use of public funds.
My question for the mayor would be: is the Everton deal really that far removed from a PFI?
He wants to loan £280m of taxpayers’ money to help build a project being driven by a £171m-turnover private business owned by a Monaco-based billionaire.
So maybe the answer to “what is a PFI contract?” is in fact “whatever you want it to be”.
Zak Garner-Purkis, head of content, Construction News
(Mr Zak Garner-Purkis has written many times previously on rs construction/building topics including an ‘exclusive’ ‘Liverpool FC names contractor for £50m training complex’..... prob a kopite havin a dig!.)
Mayor Joe and the big PFI question
The first question from the presenter caught me off guard.
“What is a PFI contract?” BBC Radio Merseyside’s Tony Snell asked.
I had been booked by the breakfast show to provide a construction perspective on the whole Carillion Royal Liverpool Hospital debacle, but I had now found myself tasked with explaining a complicated economic funding instrument.
“It’s kind of like a mortgage,” I said, “except other financial bodies can buy a stake.”
Mr Snell seemed to accept this pretty superficial explanation, which considering the mainstream audience was probably fair enough.
I wonder if Liverpool mayor Joe Anderson was listening to his local station ahead of appearing at the Labour conference in his hometown.
Because a few hours later the mayor was offering a very different explanation of PFI contracts, telling party delegates they were essentially “Wonga for the public sector”.
Mr Anderson has been a regular critic of PFI deals since he became Liverpool’s first mayor in 2012.
One of the big bugbears among PFI critics is the idea that private firms are lining their pockets with public money and reaping vast profits. A quick glance at the latest CN100 shows that contractor margins are very much at odds with Mr Anderson’s description of a sector led by “rip-off merchants”.
It could be pointed out that three of Carillion’s biggest problem jobs that contributed to its downfall were PFIs. The risks cut both ways.
But for Mr Anderson to cast himself as some sort of anti-PFI warrior is something of a stretch. Indeed, a project close to Mr Anderson’s heart suggests he remains open to complex deals between public bodies and private institutions to fund major schemes. His plans to loan Everton Football Club £280m to build its new ground are an example of exactly that.
The deal will involve the council taking a stake in the stadium project by agreeing an intricate arrangement with the club along with several financial institutions.
Mr Anderson argued that it was a sound investment and would provide the council with an annual dividend of £7m a year, along with business rates of £1.4m.
“When you take the politics out of it, it is the right thing to do,” he told the Liverpool Echo when quizzed about whether the plans were an appropriate use of public funds.
My question for the mayor would be: is the Everton deal really that far removed from a PFI?
He wants to loan £280m of taxpayers’ money to help build a project being driven by a £171m-turnover private business owned by a Monaco-based billionaire.
So maybe the answer to “what is a PFI contract?” is in fact “whatever you want it to be”.
Zak Garner-Purkis, head of content, Construction News
(Mr Zak Garner-Purkis has written many times previously on rs construction/building topics including an ‘exclusive’ ‘Liverpool FC names contractor for £50m training complex’..... prob a kopite havin a dig!.)
Had a look at him on the old interwebs. From what i found it seems he's a city fan from London. Unknown how long he's been a city fan for, probably 2008
deipnosophist
Player Valuation: £80m
The big problem I foresee is getting a new stadium with as many seats enjoying an obstructed view as GP presently offers. Watching Everton play, you want as much of what you’re watching to be as obstructed as possible...can Dan Meis promise us 1000s of seats that offer this? And if not, aren’t we best just staying put at the Old Lady?
davek
Player Valuation: £150m
Underlines what many of us have been saying / fearing concerning the debt to the club of the funding deal(s) proposed thus far.
It's a very pertinent point to contrast the revenue earning potential of this club to the amount of debt it will have heaped upon it to be paid off at the preferred speed of those loaning the cash.
Question everything that carpetbagger proposes on any stadium deal. He is a businessman looking to make a profit from Everton; he's not an Evertonian with necessarily our best interests to the fore. As for Anderson: words fail me with that 'kin plum. An utter wrong un.
deipnosophist
Player Valuation: £80m
It's all turning into something of a rum do.
Everton that
Everton that
Bluerover
Player Valuation: £60m
I know we are not hitting the heights that we would like but surely not that bad!! lol
Let's all stop pretending that any of us has a clue regarding the finances. Nobody knows what is being looked at apart from a few people at the very top of Everton FC and probably a few other financial institutions. It's all guesswork. For all we know, EFC might have binned off the idea of borrowing off the council completely. Not saying the stadium will go ahead, but until I hear differently I am still cautiously optimistic. Wait and see.
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