New Stadium Finances

[Tipp blue]

We've already gotten 30 million for the option of naming rights, come on its not that hard to figure it out, the Uzbek will pay for it and will basically be getting a huge chunk the money back because we'll be buying his steel for the job, he's probably got loads of other companies that we'll be using too.

 

[arch stanton]

Maybe we could all sponsor a brick

I've just layed a belter if that helps.

 

[arch stanton]

We've already gotten 30 million for the option of naming rights, come on its not that hard to figure it out, the Uzbek will pay for it and will basically be getting a huge chunk the money back because we'll be buying his steel for the job, he's probably got loads of other companies that we'll be using too.

until we get copies of the contract small print and Purchase Orders it aint happening

 

[Tipp blue]

until we get copies of the contract small print and Purchase Orders it aint happening

By we do you mean the fans? Why do you think we will get to see anything like that?

 

[arch stanton]

By we do you mean the fans? Why do you think we will get to see anything like that?

I don't include myself in that 'we' Tipps, I don't care, Mosh has got this. Even if I did care, even if I had suspicions something untoward was going on, nothing would change. The 'we' was reference to those who keep flobbing on about no news on financing. There was a new industrial complex built near me, I kept on asking for the finance model and questioning where the money was coming from but it never came. It got built though,

 

[Kev50]

I don't include myself in that 'we' Tipps, I don't care, Mosh has got this. Even if I did care, even if I had suspicions something untoward was going on, nothing would change. The 'we' was reference to those who keep flobbing on about no news on financing. There was a new industrial complex built near me, I kept on asking for the finance model and questioning where the money was coming from but it never came. It got built though,

I admire your faith in Farhad. He certainly seems to get an easy ride on these pages, considering he's been here five years and overseen £500m spending and we've actually got worse. I suspect the reason being is, people think 'poor bugger, he's lost so much of his money trying to make us great'. If he had been headhunted as a Chief Exec and had overseen this catastrophe with the club's money, I suspect the verdict would have been less kind.
And I think we are in for a rather unpleasant surprise when he finally does upsticks. I suspect most of the money spent will be left attaching to the club whilst he makes his money with Peel.

 

[arch stanton]

I admire your faith in Farhad. He certainly seems to get an easy ride on these pages, considering he's been here five years and overseen £500m spending and we've actually got worse. I suspect the reason being is, people think 'poor bugger, he's lost so much of his money trying to make us great'. If he had been headhunted as a Chief Exec and had overseen this catastrophe with the club's money, I suspect the verdict would have been less kind.
And I think we are in for a rather unpleasant surprise when he finally does upsticks. I suspect most of the money spent will be left attaching to the club whilst he makes his money with Peel.

and us wetting the bed in here will change what exactly? If Mosh is splaffing hundreds of millions around, he isn't going to be that arsed about a plane flying a sharply worded banner or some scruffs shouting and bawling outside his office.

 

[degsy]

Big Al buys a bank and they lend us the funds. Stadium naming rights from USM/ Megafone etc for the exact amount we need to pay back each year.
All money from day to day for the stadium will be ours and we will rule the world.

We have a winner

 

[Kev50]

and us wetting the bed in here will change what exactly? If Mosh is splaffing hundreds of millions around, he isn't going to be that arsed about a plane flying a sharply worded banner or some scruffs shouting and bawling outside his office.

look, you've got alot of faith in this chap, and not that much in the ruminations of some concerned Evertonians. Which is fair enough. But nothing has been built yet. And may never be. I'm not sure it's such a good idea to shut down debate on the basis that this is all a fait accompli (and even if it was, I'd still want to sound off about it). A million things could happen between now and kick off at BMD

 

[arch stanton]

look, you've got alot of faith in this chap, and not that much in the ruminations of some concerned Evertonians. Which is fair enough. But nothing has been built yet. And may never be. I'm not sure it's such a good idea to shut down debate on the basis that this is all a fait accompli (and even if it was, I'd still want to sound off about it). A million things could happen between now and kick off at BMD

Yes I do have a bit of faith in what the Mosh is doing, he seems as altruistic about football as any in the modern game. He wrote an open letter when he was involved in arsenal about providing a legacy, it couldn't happen there but what he is doing here is aligned to the content of that letter. I'm sure he'll make a stack of cash of the LW project too. Remember when he spend a few million tarting up Goodison when he came, some said it was because the new stadium was never happening. I personally prefer to look on the positive side. Id not want to shout down concerns of others who are less optimistic, precedent may give them reason to be so. I feel this is a different badger. Rather than shutting it down, I started this thread so it could be aired away from the build thread so people can indulge themselves in their reading material as they desire.

 

[Kev50]

Yes I do have a bit of faith in what the Mosh is doing, he seems as altruistic about football as any in the modern game. He wrote an open letter when he was involved in arsenal about providing a legacy, it couldn't happen there but what he is doing here is aligned to the content of that letter. I'm sure he'll make a stack of cash of the LW project too. Remember when he spend a few million tarting up Goodison when he came, some said it was because the new stadium was never happening. I personally prefer to look on the positive side. Id not want to shout down concerns of others who are less optimistic, precedent may give them reason to be so. I feel this is a different badger. Rather than shutting it down, I started this thread so it could be aired away from the build thread so people can indulge themselves in their reading material as they desire.

I really don't think 'altruism' is a motivating factor here. FM has had one client for 30 years. That client if you google him, well, I'll let google outline his career for me. But these people are the opposite of philanthropists.

 

[larbert toffee]

Here we go lids, lets talk finance models in here

Is Provident still on the go?

 

[arch stanton]

I really don't think 'altruism' is a motivating factor here. FM has had one client for 30 years. That client if you google him, well, I'll let google outline his career for me. But these people are the opposite of philanthropists.

Time will tell, because neither of us have a Scooby how this will turn out and neither of us can affect how it will turn out.

 

[Gordon Lees Sexy Football]

Does anyone have any details though? It's all very murky. The initial proposal as I understood it was an elegant one - the council forming a Special Purpose Vehicle, allocating cash to that SPV to build BMD, with us topping up the rest as needed.
The last news I've seen in the media points in a different direction, with it being reported that Moshiri underwrote Stage 1 himself - to avoid delays - and is now seeking syndicated finance to complete the project. A syndicated debt round is rather more indicative of the club going it alone, or taking the lions share of the responsibility for the project. Recent reports on a 45 million quid top up from the Liverpool council seem to indicate that we're now the senior partner, and they're now topping up.

Really, it's madness that after fifteen years of basically free borrowed money and subdued inflation we then decide to build a stadium after market conditions have started to radically alter direction. The clubs onfield performance, allied to the expected rises in interest rates and inflation at a thirty year high wouldn't be making the job of placing this debt any easier either. It's almost a given that significant cost overruns can be expected in such an environment.

 

[Yarrgh]

I've just layed a belter if that helps.

Paulie Belter? One for the Newcastle thread fans