Everton agree deal to purchase Waterfront Site once funding is in place

Thursday, 23 March, 2017 18comments | Jump to most recent

Council to provide sub-lease arrangement

According to the Guardian Everton have cleared the first hurdle in their attempt to build a new stadium on Liverpool's waterfront by agreeing a deal to purchase land at Bramley Moore dock.

The Merseyside club have reached a financial agreement with Peel Holdings, the landowner, for their preferred location for a new home after 125 years at Goodison Park. Peel Holdings initially gave Everton a ball-park figure of £30m for the site, which forms part of a £5.5bn regeneration project the company has planned and called Liverpool Waters. The final price is expected to be lower, with Everton only acquiring the land once funding for the stadium is in place.

Liverpool's mayor, Joe Anderson, confirmed the deal with Peel and the extent of the council's involvement.

A report will be presented to the council's cabinet next Friday recommending that the City Council progress Heads of Terms to create a new Special Purpose Vehicle (SPV) company which will take a lease of the stadium from a funder and, in turn, sub-lease it to the club.

» Read the full article at Guardian

Reader Comments (18)

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Dermot Byrne
1 Posted 23/03/2017 at 12:35:08

Eh ?

Ernie Baywood
2 Posted 23/03/2017 at 12:36:32

The title must be an error?

Ian Jones
3 Posted 23/03/2017 at 12:39:24

Dermot. I am looking forward to this thread. It's going to be interesting...

Ernie... have you read the Guardian article?

It makes it clearer. :)

Iain Latchford
4 Posted 23/03/2017 at 12:46:09

The money is ringfenced. Chill!!

Ernie Baywood
5 Posted 23/03/2017 at 12:46:17

The Guardian says we pay once we have funding... not once it's built!

Ah, title has been changed. The perils of racing to print!

Brian Hennessy
6 Posted 23/03/2017 at 13:00:27

I feared from Elstone's recent interview with Sky Sports that we were back to the same old story that yes, Everton would love a new stadium but still can't afford it.

If what's reported in The Guardian is all that will be announced today, it's very disappointing that this is as far as we have come.

Looks to me that a new stadium may be dependent on the City getting the Commonwealth Games and will only be built if the City part-fund it and will most probably then have a running track.

This has Kings Dock written all over it and we are a million miles away from getting a new stadium.

Robin Bateman
7 Posted 23/03/2017 at 13:14:00

There you go, Rom... Ambitious enough for you? A new stadium for you to play Champions League games in!

Dermot Byrne
8 Posted 23/03/2017 at 13:16:58

Ah..., I thought this was it, Gordon.

Gordon Crawford
9 Posted 23/03/2017 at 13:20:40

No, Dermot, pal, there is more to be revealed. :)

Kieran Kinsella
10 Posted 23/03/2017 at 13:25:13

"If I get the money can I buy your house?" If someone offered you this rhetorical situation would you feel your house sale was imminent? No.

Where's the money coming from? Kitbag?

Kings Dock 2.0

Ed Fitzgerald
11 Posted 23/03/2017 at 13:28:28

Let's just wait for the announcement at 5 pm.

Gordon Crawford
12 Posted 23/03/2017 at 13:30:18

Kieran, relax – the money has been ringfenced with rings and fences. Lol! ðŸ˜

Brian Williams
13 Posted 23/03/2017 at 13:31:04

On the "up" side, to cheer up some of you miserable shower. Saw this on another site. Sing it out loud you'll feel better. Changed it a tiny bit.

We're on the march with Ronnie's army,
We're all off to Bramley-Moore.
You can stick your fucking stand,
With your iPhones in your hand.
Crying, "Why aren't Liverpool famous anymore?"

Xavier Spencer
14 Posted 23/03/2017 at 13:32:30

Jesus Christ, what is wrong with people on here? Brian @8, Kieran@ 13, you just can't wait to put a dampener on things. They haven't even made an announcement and you're already pouring cold water on it. Can we just wait and see before we start slagging it all off?

Daniel Lim
16 Posted 23/03/2017 at 13:48:35

Kieran, I am not sure how it's done in the UK, but in property transaction in Singapore and Malaysia the buyer pay a small deposit of 1-2% and it's written on the "option" or "offer letter" that it's subject to the loan being approved by the bank. I can only imagine it's the same as both are commonwealth countries that follow English law.

So this "buy once financing is in place" sounds exactly the same thing.

Paul Mackie
17 Posted 23/03/2017 at 13:53:02

As Bullshit Bill would say: "Watch this space!"

Dermot Byrne
18 Posted 23/03/2017 at 13:56:19

Thanks Gordon (#12):

And Xavier (#17), I suffer from outrageous optimism. Brian and Kieran are like little devils on my shoulder but the wave of hope soon drowns them out!

Ian Jones
19 Posted 23/03/2017 at 14:02:12

To add to the sing song:

https://www.youtube.com/watch?v=dUYgRz7PCr0

If the link doesn't work just look for "Down by the Docks" on YouTube.

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