Everton's stadium to be completed by 2037

If he were from the area then could only see the extra money into the council coffers as a good thing.

 

What costs?

 

The costs of 2 decades of wear and tear on a building and its equipment/pitches etc.

 

that'll occur within 6 months due to Rooney waddling round on it

 

Oh I was being too optimistic, even the LCC doesn't expect to break even for 25 years.

What an investment. Put in £17m now and get it back with zero profit in a quarter of a century.

And imagine how far that £1m rent will go in providing additional public services by then.

 

They’ve borrowed the cash that funded the purchase, EFC pay them an annual lease payment that provides a profit. it’s a 40 year deal and the full capital will have been repaid 15 years before the lease expires. You should really swerve talk of business mate.

 

So 25 years from now the council makes £1m/year for 15 years. Brilliant ROI.

In the same time EFC makes £160m on the naming rights. Imagine if LCC had the business sense to ask for even 5% of that.

 

You’ll be spewing when Usmanov sticks his name on the new stadium for £15m a year then

 

What’s the details for this cost, who is contracted to cover wear and tear?

 

How has Moshiri and Bill pulled that masterstroke

 

Don’t think you understand.

The cash isn’t from council funds, it’s borrowed via the council.

First year payment sees LCC make a profit.

@Tobes.....you were right.

 

the LCC themselves say no profit for 25 years

 

By approaching an EFC-supporting mayor who already has a string of business failures on his books and is now under police investigation for #fraud

 

For the ground loan? Prove it

 

I’m sure he will be sacked for increasing LCC revenue after government cuts to funding.

 

Revenue will be down for the first 4.7 years of the deal

 

https://www.theguardian.com/football/2013/jun/11/everton-training-ground-liverpool-council

"It expects the loan for the purchase to be paid off in 25 years"

 

So who did the council take the loan out with?
Or are you saying the council loaned EFC the money to buy the site and are getting paid back interest free, in which case why will EFC still be paying rent for the remaining 15 years?

 

Not sure what this tosh is.

I was talking about the ground.

 

Guessing I've lost the ability to read... could have sworn the title of this thread was "Anfielf Expansion Thread"