The luxury waterfront apartments are in the plans. The utilities supply for them will be put in alongside the stadium's. Why is Moshiri looking for external finance for the stadium with interest at Everton's cost rather than a FSG-style interest-free loan (only a small admin fee)? Doesn't want the risk on himself, and probably knows the figures are dodgy - the cost has already doubled. Plus relegation remains a legit possibility.
There’s no apartments in the Everton FC planning application, what are you referring to? The FSG intercompany loan to the RS isn’t interest free, so wrong yet again.
It was interest free, there was just some negligible admin charge for it. Moshiri is going round banks looking for double digit interest rates.
No it wasn’t interest free, get your facts right. As for double digit interest rates, just sit down you clown, you’re utterly clueless on this subject. You’ve probably never funded a car purchase yet alone a huge commercial infrastructure project.
https://www.liverpoolecho.co.uk/sport/football/football-news/loan-new-main-stand-not-12711821 1.24% nominal charge
So you’re admitting your wrong then, well done. The 1.24% is the interest rate love, not an admin charge, so it’s not interest free, it’s interest bearing. They’ve just merely passed on the commercial rate without adding a mark up. Generous
It was far cheaper than external finance, which is what Moshiri is going for Plus it was only for a few years, the stadium debt will be compounding for decades
Wrong yet again. They took out a commercial loan in US and are charging the RS via another of their US based companies. The interest rate has now gone up to 2.4% btw. https://www.liverpoolecho.co.uk/spo...s/liverpool-repay-10million-fsg-main-15799492
#brexit You reckon the total interest Everton end up paying on the stadium will be less than 10 times the total interest that LFC pay? 20 times?
The total cost of the entire loan will be more than covered annually by big Uzzie paying £30m+ per annum for the privilege of naming it the USM arena bruv. So it really doesn’t matter. Hey ho.
The interest free loan that wasn’t interest fee, and was in fact merely a commercial loan. Shocked I tell ya.
remember. The £30m is just to have an option on bidding for the naming rights. So let’s assume the value will be higher per year.
No you didn’t bruv. You paid £10m off the massive debt. Be interesting to see how much profit FSG declare in their next set of accounts. and the dividend they choose to take from that profit.