27 Mar 2017 08:32:13
Reading all the available info about the bramley Moore project, I can't gather whether Everton will ever actually own the stadium, it all seems so vague, it's mentioning leases, and rents? are we going to be tenants? any light you can shed on this Eds?

{Ed002's Note - I am not aware if the finances have been totally bottomed out at this time but Everton are not in a poistion and cannot raise the funding to build the stadium so there will be loans taken out (two or three as I undertsand it) by the Council. The plan is that Everton shall pay sufficient funds to the Council each year (to service the loans) in the form of rent.}


1.) 27 Mar 2017
27 Mar 2017 19:06:48
I read something similar to Ed. Loans will be taken out to cover the cost but I heard that the council are acting in a guarantor capacity rather than actually taking the loans out. Not sure it makes much difference who actually takes the loan out personally, I think the importance will be in the relationship between Everton and the council and of course the repayment terms of the loan itself. I can't see moshiri putting us in a position where we can't afford our repayments though.

{Ed002's Note - It makes an enormous difference. Everton do not have any credit available to them - or far from enough to obtain the loans necessary to build the new stadium. This is a very significant favour that Everton need from the Council in order if they want a new stadium for the club as the club cannot get the loans themselves.}


2.) 27 Mar 2017
27 Mar 2017 22:41:52
It's very well explained in the Echo. The LCC have a much better credit rating than EFC and therefore have borrowed the money the we couldn't or at least couldn't have gotten as good a deal from the lenders. A business then has been set up to take care of ensuring that we keep up payments with various security measures in place to protect the LCC interest. The LCC have certainly aided EFC and must be recognised for their effort to make the whole project get off the ground. We failed to generate 30millon for the kingsdock project, yet this time we are on course to deliver a stadium that is 10 times more in cost to us. So the LCC have played a major role in helping us to get this one off the ground.

To be fair there are examples in the premier league where clubs have benefited from stadiums built for different purposes e. g. Man City and West Ham. We will need help too and whilst different in circumstances it appears we will be cap in hand too.