Havent one of their contractors also recently gone into administration?
Sorry red shoite talk, slap on wrist for me!
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Sorry red shoite talk, slap on wrist for me!
Of course there was, the war has been on the cards since 2014.
For the 857th time today, Usmanov’s involvement in Everton was illegal in the first place. We can’t cry hard luck, I won’t hear it.
This.
brieverton
Player Valuation: £50m
At least it's an attempt at giving the club something it badly needs.
Just a huge pity that a lot of the positivity and joy of the development has now been taken away, for me.
It's not wrong to do the right thing.
Just a huge pity that a lot of the positivity and joy of the development has now been taken away, for me.
It's not wrong to do the right thing.
The binman chronicles
Player Valuation: £80m
It's not just for 10 million though. It could be more like 40 depending on stadium naming rights. It would have been upwards of 60 million difference in income had USM still been an option. Those were the figures they were working to when doing feasibility and design. At that point it was totally affordable but since we've lost our main sponsor and interest rates have gone from .25 to 5.25 (that's from the point the stadium broke ground in Dec 21). It just goes to show you there is never a right time as no one knows what is coming and if you play safe and wait we end up cut adrift like we have from the inaction of the previous 30 years.
We may only end up seeing a 10 million uplift, maybe less in actual money in our pockets after the yearly repayment anount of the stadium loan. But loans can be renegotiated and interest rates won't always be this high. Likewise it will cost more to build a stadium like this as the years go on, when it gets north of 1.5 billion we'll be looking at 750m and think we've got a bit of a bargain. Such is life and many people will have experienced that with their own mortgages, what was a struggle gets better over time.
Where the option for redevelop Goodison? (Asking for another member)
Let's assume that the loan is a pretty low 1% interest over, say, 25 years. That would cost us ~ 100 million in interest payments, or £4 million per year, which has eaten up roughly half of the additional match-day income.
Compare that to West Ham, who get to keep all of the ticket revenue from the Olympic stadium while paying a few million in rent a year. That's a good deal. As is Man City getting a stadium essentially for free.
GlosBlue
Player Valuation: £30m
Well, the spending £500m on a load of championship players has also contributed significantly to that...
Should have carried through the plan to move the pitch up and redevelop goodison. But the blame for that goes back several decades.
The binman chronicles
Player Valuation: £80m
Where are you getting the 10 million more in matchday income from? Sources say we will get that kind of uplift just from the premium section alone, before you add in the 13k extra to be sold at GA ticket pricing (about 13 million per season) and then all the extra we should get with people spending more at that stadium.
That's all before you add the yearly naming rights fee and the stadium tours and the events that will be held at the new place.
Our net spend over the last 7 years has been barely anything. So it’s definitely more to do with the stadium.
barneygumble
Player Valuation: £70m
I made the comment that hindsight is a wonderful thing.
When we commenced building of the stadium it was being funded by Usmanov, he was funnelling money in everywhere you looked, “exclusive rights to name rights”, “USM Finch Farm”, USM plastered all over the stadium, Megafon on trainingwear.
Everything in front of you suggested Usmanov was involved.
What we didn’t anticipate was Russia starting their war with Ukraine and a spate of Russians being Indicted and having their assets frozen and the impact it would have on Everton directly.
The stadium NEEDED to happen make no mistake. I guess it’s unfortunate for us for the war on Ukraine to happen whilst we’re approximately 20% through the build, the subsequent cost of living crisis causing every thing to soar in price and the fella who owns a metal company in Russia to not be able to provide any form of goods he’d have been able to. Stadium costs have nearly double since then.
Quite rightly what I said was refuted by another poster, but obviously still comes down to timing.
The war with Ukraine May we’ll have been. Inevitable to some. But our big problem is we got in bed with Russians who knew full well what was to come.
The stadium needed to happen but the whole sequence of events leading to tue current day have been disaster after disaster.
When we commenced building of the stadium it was being funded by Usmanov, he was funnelling money in everywhere you looked, “exclusive rights to name rights”, “USM Finch Farm”, USM plastered all over the stadium, Megafon on trainingwear.
Everything in front of you suggested Usmanov was involved.
What we didn’t anticipate was Russia starting their war with Ukraine and a spate of Russians being Indicted and having their assets frozen and the impact it would have on Everton directly.
The stadium NEEDED to happen make no mistake. I guess it’s unfortunate for us for the war on Ukraine to happen whilst we’re approximately 20% through the build, the subsequent cost of living crisis causing every thing to soar in price and the fella who owns a metal company in Russia to not be able to provide any form of goods he’d have been able to. Stadium costs have nearly double since then.
Quite rightly what I said was refuted by another poster, but obviously still comes down to timing.
The war with Ukraine May we’ll have been. Inevitable to some. But our big problem is we got in bed with Russians who knew full well what was to come.
The stadium needed to happen but the whole sequence of events leading to tue current day have been disaster after disaster.
Current match day revenue is about that and hasn't changed over the last decade. When the project was launched that was the estimated extra revenue the stadium would bring.
bcblue1878
Player Valuation: £50m
Not sure I’d trust this mob with spending £750 wisely - never mind £750 million!
This shower, the owner and board have turned this football club into a laughing stock, and provided an object lesson into how not to run a football club over the last seven years!
People can blame the sanctions on Uzmanov, but even before then virtually every footballing decision just went from bad to worse and then even worse!
It’s an absolute scandal what they have done to Everton Football Club!
We ain't building a new stadium for 10m a season.
I have no idea why you think it's only worth that.
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