Everton and zero money - Updated 17/11/23

IINM the fair market value basically capped sponsorships with related parties to similar levels of the biggest sponsorship deals at other clubs. Usmanov doesn't own Everton and with other sides getting considerably more from their agreements, he could have spent much more if he wanted to plough money into Everton.
 
My point was that as an unrelated party and with clubs receiving 10x what this deal is worth, there was nothing stopping him sponsoring Everton £70m per year if the intention was to plough money in.
 
Oh right yeah of course.

I imagine the infrastructure and ground situation is his / their main focus at the moment. When City got bought out they had just got that all in place so they could go straight to improving the squad. The money, time & cost in what in theory should be a world class stadium to get that done as soon as possible would reap more rewards for all involved in the long run that doing the squad then stadium then doing the squad again.
 
Yea, I'm not too convinced that Usmanov is as big a player in Everton as John Merro and his merry men think. Given the size of this deal it seems to me as if this is just Moshri using his connections to get Everton a deal they should have been getting anyway.
 
From who lol ?

Everton stadium likely to be announced today at the dock. Fantastic news for the city and as a Liverpool fan I welcome it to be honest...they wont fill it anyway ;).
 
True, our stadium at the moment is woefully unequipped to bring in revenue, the corporate facilities are pretty much non existant! However, this season especially, we have sold out most games and that is with a lot of restricted view seating.
 
This could easily go in the banter thread but here's just as appropriate. Following on from a few comments at Everton's AGM last night, more details on Everton's new ground and potential deal with the council have come out today.

Previously it was suggested that Everton would borrow the money for the ground themselves and that the council would act as a guarantor, with Everton paying a fee to the council for this service. With the cost of the ground rising from £300-350m to £450-500m, the deal with the council has changed. Instead of guaranteeing Everton's loan, the council will now borrow £280m on Everton's behalf with Everton paying the council a premium on top of whatever interest they're being charged and these repayments will be secured against TV money and season ticket sales. This leaves Everton the small matter of finding funding for the other £200m odd .

A couple of points. Assuming all the above is indeed accurate, how do Everton plan to raise the other £200m? If the Mersey billionaires need the council to borrow the money on their behalf to get a half decent rate and are having to use TV and season ticket money as security on this deal, what hope have they got of finding the rest of the money? Also, around a year or so ago Rick Parry (Liverpool's old CEO) was interviewed by a fan podcast and asked about Liverpool's previous stadium debate and specifically why Liverpool didn't look at the docks - his answer was that it wasn't big enough but went on to talk about Everton's previously failed move there. According to him Everton only needed to come up with £7m (iirc) in order to secure funding for their new stadium at the time. How times have changed.
 
You must log in or register to reply here.
Back
Top Bottom