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Daniel Levy - Chairman

Baleforce said:
again, you make it sound really simple, there are loads of clubs who would benefit from a new stadium, why are they not doing this?
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1. Because they don’t have the demand (West Ham’s ultra low ticket prices are testament to what happens when a club without the fanbase build (or in their case inherit) a big stadium. Most PL clubs don’t really actually need a much bigger stadium, nor do they have the corporate demand that helps pay for it.

2. Finding a site/planning permission. Stadiums sit on big pieces of land, it is difficult to find and acquire those close to good transport links. Such projects tend to need CPOs which are often difficult and time consuming to get.

3. Cost. If we look at our project in its entirety it is thought to have cost £1.2 billion. If you looked to finance that and capitalize that whole amount over 25 years then even at the incredibly low average interest rate of 2.66% then that is £66m a year of repayments. THFC met around 40% of the stadium costs through profit made by the football club’s operations. Most clubs do not operate at profit levels that would allow this and for many clubs diverting transfer funds to pay for their new stadium as we did would likely lead to relegation and then vastly reduced funds. For us it instead led to reduced trophies and going from a CL club back to a Europa League club for a period of a (currently) unknown length of time.
 
Finney Is Back said:
1. Because they don’t have the demand (West Ham’s ultra low ticket prices are testament to what happens when a club without the fanbase build (or in their case inherit) a big stadium. Most PL clubs don’t really actually need a much bigger stadium, nor do they have the corporate demand that helps pay for it.

2. Finding a site/planning permission. Stadiums sit on big pieces of land, it is difficult to find and acquire those close to good transport links. Such projects tend to need CPOs which are often difficult and time consuming to get.

3. Cost. If we look at our project in its entirety it is thought to have cost £1.2 billion. If you looked to finance that and capitalize that whole amount over 25 years then even at the incredibly low average interest rate of 2.66% then that is £66m a year of repayments. THFC met around 40% of the stadium costs through profit made by the football club’s operations. Most clubs do not operate at profit levels that would allow this and for many clubs diverting transfer funds to pay for their new stadium as we did would likely lead to relegation and then vastly reduced funds. For us it instead led to reduced trophies and going from a CL club back to a Europa League club for a period of a (currently) unknown length of time.
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Yet Chelsea, Pool, Everton and United (I believe) have all applied and/or in some stage of major rebuild/remodel/move. It's not about the extra "regular" seats, it's all about corporate/hospitality facilities, and United/Pool/Chelsea will all have plenty of demand for that.

We are the only ones to really successfully execute it, super easy to dismiss what an achievement it was, regardless of any momentary setbacks inflicted as result.
 
United and Liverpool are both desperate for new stadiums, both are old and falling apart, United have seats they can't sell as holes in the roof drainage have created waterfalls above them, they already have the site to do what we did and knock them down and rebuild, neither would have trouble finding an alternate stadium to play at.

Everton are going through the process now, why have they not announced the stadium sponsors in advance?

I don't think its a simple thing at all, that we pulled it off so quickly and so impressively suggests it was a well managed project to me.

Surely it's worth forgoing a few years of potential short term on the pitch success for a long term financial boon?
 
Baleforce said:
United and Liverpool are both desperate for new stadiums, both are old and falling apart, United have seats they can't sell as holes in the roof drainage have created waterfalls above them, they already have the site to do what we did and knock them down and rebuild, neither would have trouble finding an alternate stadium to play at.

Everton are going through the process now, why have they not announced the stadium sponsors in advance?

I don't think its a simple thing at all, that we pulled it off so quickly and so impressively suggests it was a well managed project to me.
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Everton have a training ground sponsor
Who also happens to be the pseudo owner of the club
He has said he will sponsor then he will sponsor the ground too
 
billyiddo said:
I know he said something about it that everyone refers back to as an iron clad agreement that transfer spending wasn't to suffer - but it'd be nice to see what was said, when it was said and who it was said to after all this time
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I think it was said in a meeting with the Trust as I have a vague recollection of reading it in the meeting minutes (which are signed off by the club before being published).

Edit : This what I remembered : "The impact of the stadium project on future transfer budgets was raised. A certain percentage would be ring fenced and impact would be minimised as far as possible"
https://www.thstofficial.com/thst-news/thstthfc-board-to-board-meeting-minutes-30-march-2015

And
"KS asked if the stadium build was expected to impact on transfer funds. DL said that transfer funds were still ring-fenced and there would remain a focus on strong performances on the pitch. We would, however, need to be pragmatic and realistic. That said, on pitch performance underpinned everything and would be a priority"
https://www.thstofficial.com/thst-news/thst-thfc-board-to-board-meeting-minutes-29-september-2015

Maybe there was something more definitive elsewhere?
 
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Raziel said:
Yet Chelsea, Pool, Everton and United (I believe) have all applied and/or in some stage of major rebuild/remodel/move. It's not about the extra "regular" seats, it's all about corporate/hospitality facilities, and United/Pool/Chelsea will all have plenty of demand for that.

We are the only ones to really successfully execute it, super easy to dismiss what an achievement it was, regardless of any momentary setbacks inflicted as result.
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Everton are doing it (via owner investment).
Abramovich shelved his plans after the UK refused to give him residency (after allowing him to go along on his merry way for years).
Both Liverpool and Man Utd concluded that remodeling their existing grounds is far more cost efficient than a new stadium (as Barcelona and Real Madrid have also done).

I think what we and Arsenal did was monumental (especially us as our stadium site overlapped our old one). It was just a shame that the costs of the stadium spiraled and forced the club to divert money from football operations.

Time will tell whether we missed out on an opportunity to become one of the truly big clubs or that opportunity will present itself again. I hope it is the latter.
 
Finney Is Back said:
Everton are doing it (via owner investment).
Abramovich shelved his plans after the UK refused to give him residency (after allowing him to go along on his merry way for years).
Both Liverpool and Man Utd concluded that remodeling their existing grounds is far more cost efficient than a new stadium (as Barcelona and Real Madrid have also done).

I think what we and Arsenal did was monumental (especially us as our stadium site overlapped our old one). It was just a shame that the costs of the stadium spiraled and forced the club to divert money from football operations.

Time will tell whether we missed out on an opportunity to become one of the truly big clubs or that opportunity will present itself again. I hope it is the latter.
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To become one of the truly big clubs the only thing that matters is money and that is where the stadium comes in.
 
Finney Is Back said:
Everton are doing it (via owner investment).
Abramovich shelved his plans after the UK refused to give him residency (after allowing him to go along on his merry way for years).
Both Liverpool and Man Utd concluded that remodeling their existing grounds is far more cost efficient than a new stadium (as Barcelona and Real Madrid have also done).

I think what we and Arsenal did was monumental (especially us as our stadium site overlapped our old one). It was just a shame that the costs of the stadium spiraled and forced the club to divert money from football operations.

Time will tell whether we missed out on an opportunity to become one of the truly big clubs or that opportunity will present itself again. I hope it is the latter.
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Everton were borrowing money from the local council who then we caught up in a fraud case
So don’t have funding currently (according my friends at Laings who are their construction partner)
But it’s expected that Usmanov will bank roll it
 
Bedfordspurs said:
Everton were borrowing money from the local council who then we caught up in a fraud case
So don’t have funding currently (according my friends at Laings who are their construction partner)
But it’s expected that Usmanov will bank roll it
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It is Farhad Moshiri who is injecting funds into Everton. He sold his Arsenal stake to Usmanov to bankroll his Everton purchase.
 
Finney Is Back said:
It is Farhad Moshiri who is injecting funds into Everton. He sold his Arsenal stake to Usmanov to bankroll his Everton purchase.
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I thought that it was Usmanov who sold shares and trasnferred money to Moshiri to invest in Everton not being able to invest in two clubs ...shady.
 
Gazza said:
I thought that it was Usmanov who sold shares and trasnferred money to Moshiri to invest in Everton not being able to invest in two clubs ...shady.
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No, Moshiri sold to Usmanov, who sold to Kroenke.

Though Usmanov does own 48% of USM (in which Moshiri is a junior shareholder) and USM have sponsored Everton’s training ground to the tune of £6m a year (basically getting around FFP).
 
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