Season › 2018-19 › News
Kenwright confident on stadium funding
The Blues have purchased land in the north docks area of Liverpool with a view to building a new ground on the banks of the Mersey and hope to kick off the 2022-23 season there.
How the project will be funded has yet to be fully determined, however, and that remains the chief obstacle to the club making concrete decisions over the capacity of the stadium and the timing of construction.
A proposal from Liverpool Mayor, Joe Anderson, whereby the Council would take out a £280m loan from public funds at a low interest rate but secured against Everton's assets which would net the city around £7m a year has yet to be agreed.
Assuming the hurdles of political opposition are cleared for that loan scheme to be secured, Everton would still need to find an additional £200m from private investment and sponsorship to fund the stadium's development.
"The architect is working hard, the council are with us, the funding is going ahead but we're not there yet. But it's very exciting, the prospect," Kenwright told talkSPORT today.
"Any new stadium at this moment has to be carefully planned and thought out. Look at the problems poor Daniel (Levy) is having at Tottenham. It's step by step."
The prospect of Everton leaving Goodison Park after two decades of stop-start planning has been enhanced by the arrival on the scene two years of Farhad Moshiri.
The Iranian-born billionaire purchased an initial 49.9% stake in the club in February 2016 and it was announced this week that he recently increased his holdings to 68.6% of outstanding shares to become the majority shareholder.
Moshiri has also consolidated Everton's debts with a personal loan of his own and secured additional lines of credit from Commercial Bank of China that has paved the way to the kind of financial footing that would enable the club to make concrete plans to relocate to the docks.
"I don't have to tell you the commitment he's given to Everton in terms of time and finance and he's put hundreds of millions in the club," Kenwright said of Moshiri, "and I think there was a part of him now wanted that extra shareholding with the new stadium coming up.
"I think it will help with the further finance of the club but I don't think he did it with any massive ulterior motives."
Reader Comments (107)
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2 Posted 12/09/2018 at 17:17:29
Moshiri's buying of more shares is definitely stadium-related.
4 Posted 12/09/2018 at 17:20:42
5 Posted 12/09/2018 at 17:22:51
Roll up, roll up.
Steve's "He's such a luvvie" comment doesn't count by the way coz he said that about the Krays too!
6 Posted 12/09/2018 at 17:22:54
Also, Bill's comments comparing us with Spurs are meaningless. Spurs never had a money issue, it is a safety inspection issue that is causing the delays. Or is that what Dan Meis is working on? Making sure we have no loose wires for the unfunded stadium with no budget.
Finally, based on Bill's history – "money is ring-fenced," "the check will be in the bank in the morning," it doesn't fill me with confidence when he says "we're not there yet." If we extrapolate from the true meaning of his previous quotes, then "we're not there yet," means "there will never be a new stadium and in fact next week we are knocking down Goodison Park to make way for a giant Bill Shankly memorial, oh and Mike Walker will be replacing Marco Silva."
7 Posted 12/09/2018 at 17:24:11
8 Posted 12/09/2018 at 17:29:53
Best to stick to the facts. He never invested 1p into EFC in all the years he was there.
He sold his shares and received a kings ransom for them.
9 Posted 12/09/2018 at 17:31:58
10 Posted 12/09/2018 at 17:32:46
Actually, according to the New York Times and various other outlets, a lot of money smuggled out of Third World countries by thieving dictators is laundered through theaters and move production companies. So yeah, Bill Kenwright is to blame for Third World famine too.
11 Posted 12/09/2018 at 17:44:06
Just as well that Moshiri does or at least knows someone who does.
12 Posted 12/09/2018 at 17:52:11
13 Posted 12/09/2018 at 18:06:14
I'm generally supportive of Kenwright but I won't believe this is happening until there's a spade in the ground.
14 Posted 12/09/2018 at 18:17:26
15 Posted 12/09/2018 at 18:18:37
16 Posted 12/09/2018 at 18:19:13
17 Posted 12/09/2018 at 18:20:53
Most employers would be jealous of that.
18 Posted 12/09/2018 at 18:21:30
I know two actors (one very famous) who worked for him and said the same thing.
19 Posted 12/09/2018 at 18:35:52
I wish he would just be gone.
20 Posted 12/09/2018 at 18:39:13
Bill Kenwright at 70 – a profile of the very private Everton FC Chairman
21 Posted 12/09/2018 at 18:45:06
It will be interesting to hear what legacy, if any, he is leaving HIS Club with the millions he's made with a zero investment.
22 Posted 12/09/2018 at 19:23:42
23 Posted 12/09/2018 at 19:29:54
Err?
24 Posted 12/09/2018 at 19:36:03
Anyway, whatever he says has no significance as far as I'm concerned, he's a part of the past, fortunately.
25 Posted 12/09/2018 at 19:42:05
26 Posted 12/09/2018 at 19:45:05
27 Posted 12/09/2018 at 19:45:35
Dislike the man you have never met, by all means, but to question his ill-health is going a bit far!
28 Posted 12/09/2018 at 19:54:26
29 Posted 12/09/2018 at 19:55:00
30 Posted 12/09/2018 at 20:10:18
Guessing, he has several versions of the pictures we saw and is waiting for the choice Moshiri decides on once the money is in place.
31 Posted 12/09/2018 at 20:23:31
32 Posted 12/09/2018 at 20:27:24
Moshiri and Usmanov, if he is involved, will be fighting for acceptable terms for the loan. The council's bean counters will be after more cash. An agreement will be reached soon, I think, that is good for both parties.
Once that's done, Usmanov will show his hand and it will be all systems go.
33 Posted 12/09/2018 at 20:29:11
I think it will happen... because of Moshiri.
34 Posted 12/09/2018 at 20:29:49
35 Posted 12/09/2018 at 20:30:58
Has anyone heard him make these statements or are they second-hand quotes?
36 Posted 12/09/2018 at 20:35:46
Several were reported in the press, so second-hand, but no reason to not believe them as they weren't controversial until they turned out not to be true.
37 Posted 12/09/2018 at 20:37:20
At the conference, Landis presented Trades Union Congress general secretary Brendan Barber with a football shirt branded with "Play Fair on West End Pay", to be given to Kenwright.
38 Posted 12/09/2018 at 20:41:15
The only thing I believe in the press is the date.
39 Posted 12/09/2018 at 20:54:18
I don't want to sound disrespectful, but have you been around for the past 20 years?
If so, you wouldn't have asked that question.
40 Posted 12/09/2018 at 21:06:56
41 Posted 12/09/2018 at 21:12:28
Everton fans – actual non-press ordinary fans – had the infamous meeting with him a few years ago. I was just reading through a transcript and it just encapsulates Bill in a heartbeat. Contradictions, talking in circles.
"Robert Elstone never said we weren't selling the club." — Oh wait, he did at the public AGM.
"Keith Harris is doing a great job trying to sell the club, he set up a meeting with ICI and I was about to sign off on it when I discovered they were charlatans from a bedsit in Manchester."
"Keith is trying to sell the club every day – oh I am not sure why Ian Ross and Elstone say he has nothing to do with the club."
"I would be honest with fans – but David Moyes told me not to."
"I can explain where all our money goes – oh except the 㿄 million in"other operating expenses" because I am not an accountant."
"Keith Wyness is a liar, Trevor Birch is a liar, the city of Liverpool were to blame for King's Dock..."
"We will not sell Fellaini," "I will be gone by aged 70", etc etc etc.
44 Posted 12/09/2018 at 21:55:21
What the fuck? He might as well have said "but I don't think he's a massive cunt". Bill Kenwright might think that he has Everton's best interests at heart but history shows otherwise. And here he is blabbing shite again.
And anyone who thinks that he has been good for the club are, quite frankly, gobshites. Wallowing in the glory of all the Not Relegated This Year Trophies, the Finished Above Liverpool Cups, and the Didn't Get Beaten Twice By Liverpool Cups.
45 Posted 12/09/2018 at 22:24:31
Thank you for believing in our amazing football club, the best football club in the world, and thank you for investing your well earned wealth.
We pray you will elevate us to our rightful position, to the summit of the Premier League, a founder member of the English Football League.
Please can you retire Mr Luvvie himself for good, give him a Life Presidency and / or a lifetime Directors Box ticket, whatever you see fit. but please get rid!!!
Please do not think that the majority of us fans see him as a role model fan, a saviour of the club, Mr Everton, Blue Bill, blah blah blah blah blah.
Our Club Motto includes ‘Nothing but the Best' and yet the only similarity I can relate to his stewardship is the word 'nothing' which is exactly what this magnificent football club has won whilst he has been at the helm – yes, absolutely nothing.
I personally can't forgive him over the failed Kings Dock, selling the world's best player on the cheap, the Arteta money, and allowing David Moyes to manage our football club for circa 6 months knowing he was off to Old Trafford – a laughing stock... oh, and becoming a selling club for the past decade or so. I wish him good health but please remove him from the Board.
Bill is no more of a fan than thousands and thousands of us. Pass on our thanks for little but ask him to close the door on his way out and to leave the future of this wonderful football club in your hands, hopefully bringing a world class dockside arena which will be envied around the world.
46 Posted 12/09/2018 at 22:31:52
47 Posted 12/09/2018 at 23:08:20
He has no rivals.
48 Posted 12/09/2018 at 23:30:37
‘..a ballbag'
Genius haha.
50 Posted 13/09/2018 at 01:38:25
Hon. Life President; Sir William Luvington Boyspen Hickson Kenwright. KBE. CBE.
(Hope I remembered it in the correct order, Eugene.)
And you know what, he'll be laughing all the way to the bank and won't give a fuck.
52 Posted 13/09/2018 at 06:45:19
Every last one of the thousands and thousands of Evertonians you mention have invested more money into Everton Football Club than Bill Kenwright.
We pay for our tickets.
53 Posted 13/09/2018 at 08:17:58
Add fake tears trickling down his yellowed flabby chops and a cheque for 㿊 million sticking out of his pocket and we should have nailed it.
54 Posted 13/09/2018 at 08:56:38
If he also brings Usmanov in, many will applaud it. There are some right dodgy feckers out there and Blue Bill may one day be regarded as the most decent of all of them.
Personally, I wish Kenwright had tried to organise a fan-ownership scheme – after all, we will be around for life, unlike Moshiri, Usmanov and their like. That would have been a truly worthy legacy to be remembered by.
55 Posted 13/09/2018 at 09:18:56
A fan ownership scheme a good idea; however, that ship has long sailed.
I suspect for a fleeting millisecond it is possible The World's Greatest Evertonian thought of that, however, he possibly thought it might cost him 50 quid or something to set up and possibly dilute his shares, thereby reducing his payday when it came.
Bill's legacy will be his final departure.
56 Posted 13/09/2018 at 09:45:01
"Get a taxidermist in, fill him with formaldehyde and prop him up in a corner with a glass of bubbly in hand".
Why not - they did it with Jeremy Bentham at University College London:
Link
57 Posted 13/09/2018 at 09:50:29
58 Posted 13/09/2018 at 10:38:29
What am I getting at? I think that the council funding is probably at very commercially attractive rates but the caveat could be a sticking point for the second financier.
A 𧺘m finance package is a big and potentially lucrative deal for the financiers. My gut feeling is the money is there, it's the split and terms and conditions that are delaying matters.
59 Posted 13/09/2018 at 11:58:26
Personally, I was shocked at an in-law who works for the council at just how horrid her reaction was... as if the council was acting like a charity to us!
Like the stadium, I will believe it when I see it.
60 Posted 13/09/2018 at 12:27:25
The fact of the matter is EFC have yet to secure financing for the Bramley-Moore site as well as having no planning permission or stadium plans to mention. So why not keep quiet on stadium news until there is something tangible to show the supporters???
Message to Bill Kenwright: We the fans would prefer complete silence rather than complete bullshit on stadium-related matters. Especially when it's you giving out the information.
Bill Kenwright's credibility never recovered from Kings Dock, so why does this man feel the need to go to press?? I wouldn't trust Kenwright to open a chippy on Goodison Road, let alone oversee building a new ground.
61 Posted 13/09/2018 at 12:40:55
Personally, I find all that misty-eyed shite tiring, and while I understand it, I've always felt it holds us back and makes us look like 'plucky little Everton' in the eyes of the football world. We can be traditional all we like, but tradition doesn't win football matches.
I've said it time and again on here, I'm sick to death of supporting a club that lives on its history. I want Everton to win things, and be an ultra-modern club that wins some trophies before I scuttle off this mortal coil.
Bill Kenwright makes us look like the dusty old relic that he himself embodies. He's truly the living embodiment of that notion of Everton as a great club. We're not a great club these days, we're a mid-table side that had some success years ago.
Like Nottingham Forest who still sing songs about having 2 stars on their shirts. Nobody gives a shit.
62 Posted 13/09/2018 at 12:46:05
On the anti-Kenwright stuff, a question: Who insisted on Ronald Koeman being Brought in? Answer: it was Moshiri. Who insisted on bringing in Fat Sam? Answer: Moshiri.
Both of these I am led to believe were opposed by Bill Kenwright. And both times he was correct. Koeman was the worst manager we had since Mike Walker and wasted more money.
63 Posted 13/09/2018 at 13:39:44
64 Posted 13/09/2018 at 13:59:09
65 Posted 13/09/2018 at 14:00:56
66 Posted 13/09/2018 at 14:03:32
67 Posted 13/09/2018 at 14:53:09
I've been a match going Evertonian since 1969. As I said, I'm indifferent towards Kenwright but I don't think you can blame him for Lescott getting outjumped by the smallest man on the pitch in the League Cup semi-final at Stamford Bridge, Distin putting Suarez through on goal in the FA Cup semi-final, Lukaku missing a penalty and numerous chances in the FA Cup semi or losing the final in 2009 – all of which could have ended our trophy drought during the last 20 years.
[BRZ]
68 Posted 13/09/2018 at 15:15:37
And your single contribution to this thread on what you describe as "a debate about Everton's biggest ever project" is... what, exactly?
To add absolutely nothing to the debate, other than to have a pop (yet again...) at a poster who clearly irks you.
I'm guessing you don't do irony, Rob.
69 Posted 13/09/2018 at 15:18:57
Moshiri also dispensed of both pretty sharpish. Credit where it is due, Kenwright should be judged on 2 things only: hard cash invested and success on the pitch.
I will leave it open to the floor but I think I would be safe in saying he was not a resounding success in either of the above
The club now needs to cleanse itself of him and move on. He is no longer in charge and can fuck off as far as I am concerned. No room for soppy sentimentality – which Billdid offer in abundance.
70 Posted 13/09/2018 at 15:33:44
If you do do irony, I've got four shirts and two pair of kecks ready here.
A condescending post aimed at a very fair-minded poster.
71 Posted 13/09/2018 at 15:37:52
72 Posted 13/09/2018 at 16:08:26
"On the anti-Kenwright stuff, a question: Who insisted on Ronald Koeman being Brought in? Answer: it was Moshiri. Who insisted on bringing in Fat Sam? Answer: Moshiri."
Based on those rumors, BK wanted to replace Moyes with O'Neill, and he also wanted Unsworth as the manager. Not sure either would have been a good move.
I will also add in something that you can categorize as a "rumor" since you are only hearing it from me and not firsthand. But, BK was publicly slagging off a recent management team to a person in the media, and distancing himself from all decision making at the club saying that Moshiri's people run everything and he has been frozen out. From my perspective, this isn't a professional way to conduct yourself as he is undermining employees and the owner. Secondly it is typical Bill and very convenient that on one hand he presents himself as the face/chairman of the club and takes credit for all things good, but on the other hand washes his hands of all responsibility and claims innocence of all things bad.
73 Posted 13/09/2018 at 16:23:07
74 Posted 13/09/2018 at 16:34:12
75 Posted 13/09/2018 at 16:42:09
Sorry, in that paragraph, I was referring to the days when Bill Kenwright was in full charge and giving examples of his supposed great ideas. Apparently, he wanted to sack Moyes after two seasons and had approached O'Neill about replacing him. I think that would have been a bad move. Since then, he has had the temerity to criticize the more recent management appointments.
76 Posted 13/09/2018 at 16:56:22
77 Posted 13/09/2018 at 17:03:49
78 Posted 13/09/2018 at 17:06:02
And you deserve every nicker you got.
79 Posted 13/09/2018 at 17:16:32
He will also be remembered for actually getting something right – by making the biggest impacting decision in Everton's history – in finding, and selling the Everton dream by bringing in Farhad Moshiri into the Everton fold, a man who is transforming Everton both on and off the field to levels that 10 years ago would have been seen as fantasy. So think about that and give Bill a bit of slack and credit.
I await the Bill haters...
80 Posted 13/09/2018 at 17:19:28
81 Posted 13/09/2018 at 17:24:59
"... but his heart was and still is true blue – otherwise, why suffer the angst and abuse that his position offers?"
I could give you 45,500,000 reasons...
82 Posted 13/09/2018 at 18:13:23
Whatever we think of what he was able to do with the dream, who amongst us got anywhere near it? Lucky bastard!
83 Posted 13/09/2018 at 18:28:48
"He will also be remembered for actually getting something right – by making the biggest impacting decision in Everton's history – in finding, and selling the Everton dream by bringing in Farhad Moshiri."
I think it is premature to call Moshiri's deal being the "biggest impacting decision in Everton's history". Under his reign, we have moved from 8th to... 8th.
How about the decision to leave Anfield? The decision to sign Dixie Dean? The decision to not fire Howard Kendall at Christmas 1983? The decision to let Gareth Farrelly play versus Bolton in 1998? Or indeed the UEFA decision to ban English clubs in 1985?
84 Posted 13/09/2018 at 18:57:15
85 Posted 13/09/2018 at 19:06:12
John, Would you sell your house at a loss or even at the same price you paid for it?
86 Posted 13/09/2018 at 19:20:05
87 Posted 13/09/2018 at 19:21:51
I believe the future is going to be exciting beyond belief for Everton fans. Given that Farhad Moshiri is just really getting his seat warm, just think of how things are already moving in his short tenure, such as:
USM Finch Farm funding;
Previously unheard of money for transfers;
Move to a new stadium that will have the fans drooling;
Purchasing of the Liver Building; and
The a new backroom team on the day to day running of the club.
Also, expanding Everton's role in the community that makes us the real "People's Club" and I am not just talking about Merseyside.
It's a Grand Old Team and we should take a few deep breathes and remember it's a great time to be an Evertonian!
88 Posted 13/09/2018 at 19:43:27
Or the man who said No to Sheikh Mansour, and let Kings Dock fall through...
And, while we are at it, kept David Moyes for 11 years.
89 Posted 13/09/2018 at 19:49:46
I don't know who Richard Dodd is, before my time on TW.
90 Posted 13/09/2018 at 19:56:24
I'd be interested to know who's paying the architects for all their work? — certainly not Everton Stadium Development Ltd, whose currently sparse trading history gives them a recommended credit limit of just 𧺬.
91 Posted 13/09/2018 at 20:25:18
I can't agree, mate.
It has to be Martin Mason. Forever asking for proof — even though it hit him between the eyes!!
92 Posted 13/09/2018 at 20:39:40
"I don't know who Richard Dodd is, before my time on TW."
You probably wouldn't remember Eugene Ruane then, or Ken Buckley, the late great Harold Matthews, Christine Foster, Paul Ferry, Brian Denton, John Daley, and many many more that we have not heard from for yonks now. I wonder why?
Those were interesting times Eric, nowadays we are bombarded by a certain few who hog these pages, what a fucking boring lot.
What is interesting tho' is the Live Forum – one-liners, should be made mandatory!
93 Posted 13/09/2018 at 20:47:18
94 Posted 13/09/2018 at 20:47:28
95 Posted 13/09/2018 at 20:53:15
What fucking proof, hearsay and rumours????
96 Posted 13/09/2018 at 21:03:05
Not sure if he's on loan to another fan site? But Ken – if you see this – the occasional report (any update from the Room of Nonesense) would be much appreciated. I'm sure I speak for many.
97 Posted 13/09/2018 at 21:08:34
98 Posted 13/09/2018 at 21:20:50
See post 95. Maybe Kenwright has two accounts now.
99 Posted 13/09/2018 at 21:22:12
100 Posted 13/09/2018 at 21:29:18
I absolutely hope you are right and maybe you are but I want to see the results and not celebrate the potential. After all, on these hallowed pages, I have seen people triumphantly proclaiming: JP Kissock, Jose Baxter, George Green and Liam Walsh as "the next great thing". Not to mention the stadium debacles, or agent Johnson.
101 Posted 13/09/2018 at 21:32:52
Might be wrong about Martin Mason. Although he refused to believe what was in front him, I can't seem to remember him swearing.
102 Posted 13/09/2018 at 21:45:13
Eric Paul swearing and dismissing everything as lies and hearsay, totally reminded me of Kenwright at that Blue Kipper meeting. Every tough question got a swear word, every piece of evidence was "lies".
103 Posted 13/09/2018 at 21:50:42
In fact, when Martin wasn't debating some off the field stories and concentrated on football and players, he had some very good points of view and was always worth listening to.
104 Posted 13/09/2018 at 22:23:23
Don't know where Martin went and haven't heard from him for ages.
It was quite funny when he continually asked for "proof" yet never accepted what was in the public domain or came up with any himself!! He could certainly keep a thread going
We may have found a stand-in until he makes a return, probably when his hero finally departs for good, and he makes a spirited defence of The Golden Age of The World's Greatest Evertonian.
105 Posted 13/09/2018 at 22:48:05
106 Posted 13/09/2018 at 22:49:06
Not a very nice way to put it, is it, dear Bill?
107 Posted 13/09/2018 at 23:24:13
108 Posted 13/09/2018 at 00:16:50
109 Posted 14/09/2018 at 05:17:23
“Hearsay and rumours†is what I posted, not lies and hearsay.
So now who's telling lies?
110 Posted 14/09/2018 at 08:20:48
I hope you are not 'losing it' – I sometimes think I am, when I read some of the stuff on TW these days.
'Petard' is a word I particularly like – I shall have to flag that one up! The word also derived from 'peter' (accent on 1st 'e') meaning 'tao brek wind' – now I know the reason for all this fartin' around!
111 Posted 14/09/2018 at 14:55:35
I couldn't agree more. Those were interesting times indeed.
112 Posted 14/09/2018 at 16:14:39
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1 Posted 12/09/2018 at 17:06:31
Anyway, seems like the drip drip of info shows progression, just not at the speed we all want.