New Everton Stadium

[evo1878]

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.

The problem with Anderson's funding plan (define it as PFI or however you want) is that it almost certainly contravenes EU rules on providing State Aid to private businesses. In no way do i intend to open up another f*in Brexit debate but sadly it is exactly that. EFC borrows LCC who borrow from Central Government who are signed up to EU rules preventing State Aid to directly benefit private businesses. The loan is specifically for the stadium as opposed to new roads, train station etc most of which in any case is being funded by Network Rail, Peel etc. LCC make money on the interest paid by EFC but that's besides the point which is the stadium specifically belongs to a private company, EFC.

 

[deipnosophist]

I know we are not hitting the heights that we would like but surely not that bad!! lol

let's put it this way; when Everton is doing its best to make my eyes bleed (which is often), a pozzie, just a little to the right of the bloke with the graying hair, is where I want to be sat.

Hopefully, any new stadium can provide us supporters/sufferers with similar 'relief' seating

 

[Dr Baxter]

The problem with Anderson's funding plan (define it as PFI or however you want) is that it almost certainly contravenes EU rules on providing State Aid to private businesses. In no way do i intend to open up another f*in Brexit debate but sadly it is exactly that. EFC borrows LCC who borrow from Central Government who are signed up to EU rules preventing State Aid to directly benefit private businesses. The loan is specifically for the stadium as opposed to new roads, train station etc most of which in any case is being funded by Network Rail, Peel etc. LCC make money on the interest paid by EFC but that's besides the point which is the stadium specifically belongs to a private company, EFC.

Apparently, it is totally legal. I wouldn't like to pretend to know much about these things but I believe JA when he says as much and that legal advisers have looked into this. That said, getting it approved and over the line might prove difficult for reasons other than legality. We shall see.

 

[nsno-chris]

Apparently, it is totally legal. I wouldn't like to pretend to know much about these things but I believe JA when he says as much and that legal advisers have looked into this. That said, getting it approved and over the line might prove difficult for reasons other than legality. We shall see.

Lol

Yeah it’s not like Fat Joe has said something that totally goes against legalities just to improve his own political footing

 

[Deleted member 41045]

It's all turning into something of a rum do.

Everton that

I'd say it's more of a right old how d'you do it may even be a palaver though that could be a bit strong.

 

[deipnosophist]

I'd say it's more of a right old how d'you do it may even be a palaver though that could be a bit strong.

...suffice to say, vernacular and colloquialism lend cadence to these new stadium discussions...

 

[Pabbers]

Do we really want a ground that we can fit more idiots into??

We need it smaller to keep as many cry arse babies out!!

 

[Bluerover]

Apparently, it is totally legal. I wouldn't like to pretend to know much about these things but I believe JA when he says as much and that legal advisers have looked into this. That said, getting it approved and over the line might prove difficult for reasons other than legality. We shall see.

This is not entirely on all fours with the LCC BMD but I would be reasonably comfortable that this type of loan would not breach State Aid rules. NAMA is a State Agency and the decision here was that it did not give undue advantage to property developers by granting loans at very favourable rates.

https://ec.europa.eu/ireland/news/s...-management-agency-did-not-breach-eu-rules_en

 

[degsy]

...suffice to say, vernacular and colloquialism lend cadence to these new stadium discussions...

#dogsbreakfast.

 

[deipnosophist]

#dogsbreakfast.

#pussieselevenses

 

[BlueStevie35]

Do we really want a ground that we can fit more idiots into??

We need it smaller to keep as many cry arse babies out!!

They'll still find a way in

 

[TheFinnFan]

Think it will be ready tomorrow. Always optimistic.

 

[everton fan number one]

The problem with Anderson's funding plan (define it as PFI or however you want) is that it almost certainly contravenes EU rules on providing State Aid to private businesses. In no way do i intend to open up another f*in Brexit debate but sadly it is exactly that. EFC borrows LCC who borrow from Central Government who are signed up to EU rules preventing State Aid to directly benefit private businesses. The loan is specifically for the stadium as opposed to new roads, train station etc most of which in any case is being funded by Network Rail, Peel etc. LCC make money on the interest paid by EFC but that's besides the point which is the stadium specifically belongs to a private company, EFC.

Pretty sure things like market share and degree of competition between nations are factors. Doubt there's an absolute prohibition between government partnering with the private sector especially if the city gets profits off it.

 

[WA Toffee]

Let's all stop pretending that any of us has a clue regarding the finances.

If it wasnt for people pretending to be experts, this thread wouldn’t exist

 

[larbert toffee]

...suffice to say, vernacular and colloquialism lend cadence to these new stadium discussions...

Hello Stanley Unwin