A lot more than me apparently PJ, as far as I'm aware the club will have to find the rest, can't see Moshiri making himself legally responsible for the remaining loan of money needed to complete the new stadium?
FSG already borrow at a lower rate than LCC can provide Lending the money to EFC isn't a good use of credit when they're so unattractive they can't find anyone willing to lend the other half
The previous majority share holders wouldn’t. Why should he, like FSG he is here to make money. The stadium is a driver from r development and he will be in on that no doubt.
Corporate borrowing is against the business and would only involve the stakeholders if the lender insisted on Directors guarantees.
But, FSG made an interest free loan to LFC, FSG are very frugal but very business like(speculate to accumulate), Moshiri hasn't really spread his wealth to EFC(so far), has he?
Moshiri has put £150m of his own cash into the club so far. He cleared all of the debt and the remainder sits on the balance sheet
The directors loans will be converted into equity when he takes full control at some point. He already has an agreement to take the remainder of the other 3 main stakeholders shares. His ultimate profit will be via an exit strategy- exactly the same as FSG
Not how it works and I can’t be arsed explaining it to you... For him to sell for beyond the cost of his investment he’ll have had to have added value to the club and by definition be leaving it in a much better state than when he arrived.
In terms of football the clubs is in a far worse state, but financially all he has to do is avoid relegation (desperate Fat Sam appointment) and the TV deals take care of that Moshiri's main interest these days is using the club as an excuse to increase the value of his existing and new property that will increase in value due to the associated regeneration They haven't decided on the capacity of the stadium but definitely know how many apartments they want to sell on Bramley Moore Way
when... and compared to what now. and then compared to what rate everton are getting... i don't know what everton are getting but i think its 4% or something. not sure.
LCC are allegedly going to make £7m profit a year on a loan of £280m for 25 years. That's the "cheap" part of their stadium loan. FSG plan to pay off the 1.24% interest loan in 5 years. The total cost of FSG's loan is less than a single year's payment to LCC for part of EFC's loan.
Don’t blame him. The council make money on the deal, development starts and the council make more money from new development. Moshiri makes some cash too.
