I followed the agenda of last night's AGM as it happened via the Liverpool Echo, who had a reporter there giving a timeline and appropriate updates on what was said by the contributors on stage. For the first time I have began to (ever so slightly) question the viability of the new stadium project.
As well as the completion date being put back 12 months, it seems we are now relying on the persuasive power's of Joe Anderson to convince the full city council that they will provide financial backing for two thirds of the stadium costs. Yet, only three months ago, we were informed that the council was only going to act as 'guarantor'? So what's happened in the interim?
Added to the fact that the cost of the stadium, before a brick is laid, is now escalating, and approaching half a billion pounds? All this without the unknown factor of the 'Brexit' effect happening soon, by the way.
I also thought the comments made by Denise Baxendale were a bit silly. On moving her ever-growing empire to the Liver Building, she proclaims (albeit half-heartedly) 'the City will soon be all ours'. That's sure to endear us to the red half of the City, just when we're asking the rest of the City Council to support us.
However, the majority shareholder then fans the flame further, by claiming the Lukaku transfer situation was decided by a telephone call in which Lukaku's mother was guided/advised by a 'voodoo' priest that her son should sign for Chelsea. What on earth was gained by that statement? We didn't really need to know about the private conversation between the player and owner. The player wanted away, couldn't he have just left it at that?
Sorry, but the public statements just made the club look rather silly in the current climate.
Reader Comments (26)
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1 Posted 10/01/2018 at 17:10:26
The unfortunate thing these days with Twitter and embedded reporting is that none of this stuff can stay between four walls. None of it was meant as a public communiqué but everything has to be analysed, dissected and picked apart.
With regard to funding the stadium, LCC have merely shifted from being the guarantor of Everton's loan to the facilitator of it. LCC will borrow a maximum of £280m, with EFC on the hook for everything over and above, including any surplus should the costs rise further (as they surely they will but, hopefully, not prohibitively so), and will make £7m per year as Everton pay them back.
The deal will be securitised against EFC's assets so the council can't lose out should it all go tits up.
We would surely be able to take out a similar loan with anyone else (albeit, perhaps, at higher interest rates) but have chosen to do it through LCC. If anything it's Everton who are playing favourites by going with the council for its loans not the other way around.
2 Posted 10/01/2018 at 17:28:01
3 Posted 10/01/2018 at 17:46:41
4 Posted 10/01/2018 at 17:54:18
Do they honestly think these statements will endear us to them? No! It's the complete opposite.
The whole lot of them are a joke. No wonder that crowd across the park laugh at us. How much wine had the fuckers had before they took to the stage? Copious amounts, judging by the Ill-informed shite they spewed out.
Oh and I forgot the all-time classic Lukaku's mother got a voodoo message... What the actual fuck?!??! No wonder we're shite.
5 Posted 10/01/2018 at 17:55:51
I actually feel much better about the stadium. Moshiri's equity input is a clear indication of clearing the decks for the LCC loan and other funding.
LCC are if is to be believed they are the protagonists (hearsay) here and approached Everton. It's a very common model. Venture capitalism from the council in an era were all entities have to become diverse and develop other income streams. In Liverpool, no less!
Their is a very strong socioeconomic arguement around the regeneration. Rather than the grants etc garnered from government and the European Union, this is been generated from within Liverpool itself. Far more likely to get buy-in from the people of the city.
As for footballing matters, Steve, I agree completely, telling anecdotes and whipping up the crowd is nothing more than shownanship.
Walsh's and Allardyce's remarks were utterly without merit, and when asked about why no replacement had been secured for Lukaku, Walsh gave a list of unwanted he was offered. What a load of bollocks.
Allardyce offered up ‘victim of our own success'. Sam, seventh is the minimum, lad; the fact you believe that or were scripted to says enough. Lowering those expectations daily folks.
Where I do worry is as the stadium looms large; if we don't recruit well and soon, then surely our competitive abilities in the market will wane as cash is ultimately drained towards the dock.
However, three things for Moshiri to do:
1. Sack Walsh; get a competent well known Director of Footbal in responsible for results. He sacks and hires the coach;
2. Following that, remove Allardyce, promptly with a clear replacement ready;
3. Employ a communications officer to manage our business. Let's not air our laundry in public. Or at least get someone who can spin it.
Crack on, laa!!!
6 Posted 10/01/2018 at 18:00:38
Certainly for LCC, going from being guarantor of £350m with a £4m p/a return to the loanee of a £280m securitised loan with £7m p/a profit is a better deal for the council and the city.
Likewise, the costs were also bound to rise; they always do. Tottenham's almost doubled and while I don't expect ours to go up that much, the £300m figure always felt a little ambitious for what we aim to do at the site.
7 Posted 10/01/2018 at 18:09:37
8 Posted 10/01/2018 at 18:11:07
No-one wants a new stadium more than me. After more than 50 years of watching the Blues at Goodison Park, I would like to depart this mortal coil in the knowledge that the next 100 years of the football club is secure.
Failure to deliver this project would signal even more dark uncertain times ahead. It just pisses me off that senior personnel within the club, make daft soundbites to an audience without seemingly realising virtually 'everything' will be picked up by the local and national media and blown up out of all proportion.
Just get on with the business in hand and leave the silly remarks to someone else.
9 Posted 10/01/2018 at 18:18:36
Barrett-Baxendale made a joke to Blues at the Kopites' expense which is fine by me. People can't say anything anymore without it being scrutinised to the nth degree or someone taking offence. The reds don't like it because they're scared she'll eventually be proved right.
10 Posted 10/01/2018 at 18:29:41
As for Voodoo Raygate, how do we know it's not true? Rom was gonna stay but, after consulting with his mum and her faith, he changed his mind... and?
Some on here have called his remarks racist that's their own stuff and another reason to distrust.
11 Posted 10/01/2018 at 18:38:27
I'm glad you and John P, amongst others, are so cool about these changes, but no one gangs up like our horrible fucking neighbors, just imagine if they really hated us?
The best case scenario for me would be the reds kick up a massive fuss, derail these plans, and Usmanov then decides to get rid of his cloak. I might sound like a dreamer, but I couldn't beat Kenwright so I've decided to join him!
12 Posted 10/01/2018 at 19:25:52
Wasn't it last year that we didn't buy a midfield player because we “Didn't want to upset our family member, James McCarthy“?
Then in summer we have the “I expect the squad we have to be good enough to finish 6th”.
What, with no proven quality Premier League striker? Well we all know how that panned out between that Farhad statement August and now.
Now we've had him going on about Tosun being the final piece of the jigsaw and the “Fab Four” which includes 32 year old Rooney , a player that's only just returned after a year out Bolasie and a unproven lad at this level from Turkey...
Give me strength!!
Now he's going on about voodoo and Lukaku , why? Why even agree to speak about Lukaku?? Just leave it in the past.
As for final pieces of jigsaws, what about a new left back? And no 33-year-old Leighton Baines will not be like a new signing when he returns from injury .
Is this a jigsaw that see's one player (Tosun) come into a team that currently sits lower in the table than the mighty big spending Burnley!???
A complete jigsaw that will probably see us cross the halfway line maybe two or three times on Saturday against another mental block opponent of ours, Tottenham?
Sorry but I can't buy into this talk of everything is rosy and fitting into place quite like Moshiri believes.
14 Posted 10/01/2018 at 21:42:58
Remember they even got UEFA to change the rules regarding the European Champions League. They said that though they didnt qualify for the following years Champions League they should be allowed to enter as holders and the change was made.
15 Posted 10/01/2018 at 21:54:12
You only have to look at the exchange rate to see how Brexit has had an impact. It will cost far more to use imported steel now, for instance, while using British steel would be far more expensive than Chinese steel, for example. The landscape has changed massively for any companies involved in any big projects now it's Sod's law that we are getting round to doing this at a time when the country faces an uncertain immediate future.
I am also concerned by the change of funding for the new stadium. There's been far too much talk and not enough action going on for my liking. The costs are going up all the time when you take inflation into account.
It seems what was said in the AGM this year was exactly the same as what was said in the 2017 AGM. Dan Meis says it's gonna be a one off. Elstone says there are some obstacles to overcome. Kenwright and Moshiri provide a sideshow with some anecdotes and everyone goes home happy.
Let's have some action please!!
16 Posted 10/01/2018 at 23:55:12
Liverpool and the Premier League did us a favour by fighting UEFA for both of us. We can't blame them for that. If they wanted to stick the boot in, they could have petitioned the Premier League to select them as the 4th team and eject us, and UEFA made it clear that was what they fought should happen. Fortunately, the Premier League was too strong and we got in.
Sometimes, we need to give Liverpool some credit, as they aren't always evil.
Champions League Regulation 1.03 (as in 2004):
At the request of the national association concerned, the UEFA Champions League title holders may be entered for this competition, as an additional representative of that association, if they have not qualified for the UEFA Champions League via the top domestic league championship. If, in such a case, the title holders come from an association entitled to enter four teams for the UEFA Champions League, the fourth-placed club in the top domestic league championship has to be entered for the UEFA Cup.
17 Posted 10/01/2018 at 00:02:15
His comments on Lukaku were ridiculous. I can't think of one reason to say that even if it's true. And given Moshiri's record, it's probably not true.
Certainly Lukaku disagrees with his recollection and the quotes in today's news now read...
"Romelu is very Catholic and voodoo is not part of his life or his beliefs. He simply had no faith in Everton and no confidence in Mr Moshiri's project. That is why he did not want to sign on any condition."
That's a great bit of global print for the club, hey?
18 Posted 11/01/2018 at 00:08:46
No, as quoted by yourself the UEFA rules stated that it was up to the FA. The FA's own rules at the time were very clear about who qualified, and it wasn't Liverpool. The FA hadn't given themselves any wiggle room at all.
Liverpool did petition the FA but the FA stuck to their rules. We qualified.
To avoid either upsetting our red cousins or having to make a determination that went against their own rules they begged for UEFA to make an exception and then both updated their rules.
19 Posted 11/01/2018 at 00:25:24
20 Posted 11/01/2018 at 01:51:36
The utter bunglefucks that own and represent us.
21 Posted 11/01/2018 at 12:55:37
As for the the voodoo crap well the reason Moshiri probably said it was that Jim White wouldn't and furthermore if it's true about Lukaku's mum then let's sign her and put her up front in the next derby to turn the spell around onto them.
22 Posted 11/01/2018 at 13:26:38
We all know there is a perfectly sound financial case behind the proposed scheme, but that doesn't mean people will be able to look past the most simple of questions, posed above.
23 Posted 11/01/2018 at 14:58:58
They though are a different fucking breed, and nothing they do would surprise me... Well, nothing good anyway!
25 Posted 11/01/2018 at 15:11:09
They've spent the same as Man Utd since 2008, but Utd have won the league 4 times, averaging over 80 points per season, whereas Liverpool haven't won it at all and have averaged 68 points per season (10 more than us). Plus the other trophies Utd have won. All aided significantly by Rooney, of course, whom they also hate.
It probably won't take a tremendous business effort to surpass Liverpool (and if we had a more robust mental approach to derby games, that 10-point difference between us would be quite a bit less), but to actually win things like the elite clubs (Man Utd, Man City and Chelsea) is a different kettle of fish.
26 Posted 12/01/2018 at 14:21:06
27 Posted 12/01/2018 at 18:53:04
28 Posted 13/01/2018 at 12:23:33
And while I'm at it, the transfer system from what I am seeing is nothing more then sell-to-buy but on a larger scale?
Yes, Moshiri cleared the club's debt; however, if Moshiri walks away, we still owe him £80 million! I've no doubt in my mind he will get the stadium built, strangle the club in debt, and sell the whole thing!!! He will walk away with the £80 million we owe him plus interest, while the new stadium will make our club value near the £1 billion mark in 2022. So, for his £150 million investment, him and Kenwright will walk away with a fortune.
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