New Everton Stadium - Hill Dickinson Stadium


300mill taken over 40 years without interest is 7.5mill a year.. . Plus 4.5 mill to the council... that's 12 mill a year plus interest...

12 mill a year for a sparkling brand new stadium on the banks of the Mersey.. .. that's a cracking deal for me.

And as I have said earlier we are not using naming rights money or commercial income to finance this. So means we can spend it elsewhere.. . Hopefully on players!!

If we are leasing and we don't own it... does this mean it's like the west ham deal and we don't pay out for policing etc??
 
Neiler said:
So the current thinking is,

- Everton secure funding through a borrower 300+mill.
- The Council go guarantor.
- Everton build the stadium.
- The Council take ownership of the stadium on completion.
- The council lease to Everton for 40 years.
- Everton pay back 4 mill a year for 40 years.
- Everton take ownership of the Stadium in 40 years time.

So in essence Everton have to borrow 300+ mill and give the council 160 mill over 40 years.

Total (conservative cost) 460 mill.
Click to expand...

...i thought the council initiative means we borrow at low interest. We pay the council over 40 years which is still cheaper than loans from a bank.
 

RobSpurs said:
This document from the council, but it doesn't read as if that's the decided capacity. More like a £300m, 50k stadium is the minimum being sought and anything in excess of that will require larger payments from Everton to the council. In other words, this is a working figure, which - I would have thought - will almost certainly rise.

Also, the document contains this, which sounds like good news...

"EFC intend to use the Stadium move to facilit ate a vital Legacy Project at Goodison Park, delivering health, education, affordable housing and public spaces for the local community which is likely to stimulate further investment in the L4 area and will create social, environmental and economic benefits. Details of this will emerge from EFC in due course."

http://councillors.liverpool.gov.uk/documents/s210377/Invest to Earn - Everton FC New Stadium - Deal Terms RTC45.pdf
Click to expand...

Cool thanks
 
As I said earlier this is a series of incremental steps as the project is unveiled step by step.
We all know that Dan Meis is designing the new stadium(he has hardly been secretive about this) and from his tweets it sounds as if it is ready for unveiling and this will happen very quickly.

I would expect that the finance is already in place, rather than some aspirational plan as to how it may be financed.

Now that the "cat is out of the bag " the rest of the pieces will possibly be assembled quite quickly.

I do wonder why there was not a launch with a bigger fanfare involving the club, Council and Peel
 
Neiler said:
So the current thinking is,

- Everton secure funding through a borrower 300+mill.
- The Council go guarantor.
- Everton build the stadium.
- The Council take ownership of the stadium on completion.
- The council lease to Everton for 40 years.
- Everton pay back 4 mill a year for 40 years.
- Everton take ownership of the Stadium in 40 years time.

So in essence Everton have to borrow 300+ mill and give the council 160 mill over 40 years.

Total (conservative cost) 460 mill.
Click to expand...

At the end of those 40 years, Everton will have the option to buy the lease for Bramley Moore Dock from the funder.
 

I see all the financial experts and planning & building experts are out in force on RAWK running down the announcement.

So their owners wouldn't fund a new stadium, and just built the present one up more grotesquely, while we potentially are in a clear process to have a new stadium built.

And they call us bitters...??? :p :D lol :dance: :celebrate:
 

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