Liverpool council buy Everton training ground

[Strontium]

Assuming that the deal is "risk-free" as Joe Anderson claims, I don't see an issue with it at all.

[greenoak]

commercial assets are valued based on the rent receivable

 

I can understand LCC buying the land if 50 years rent exceeds the cost of the loan.

 

where it is bent is agreeing to reduce the rent that efc pay. i wonder how much lcc are effectively giving efc each year on the subsidy

[xerxes]

commercial assets are valued based on the rent receivable

 

I can understand LCC buying the land if 50 years rent exceeds the cost of the loan.

 

where it is bent is agreeing to reduce the rent that efc pay. i wonder how much lcc are effectively giving efc each year on the subsidy

 

I agree that there is no problem with LCC doing a commercial deal.

 

But like you can see no justification for offering EFC an uncommercially low rent.

[SlugTrail]

PUBLIC-PRIVATE FAIR COMPETITION ACT

Summary

This act prohibits government from engaging in any commercial activity of any

goods or services to or for government agencies or for public use which are also offered by private enterprise. It establishes a Private Enterprise Advisory

Committee to act in conjunction with the state auditor to review and make

determinations concerning state agencies engaged in or proposed to be engaged in

activities which unfairly compete with the private sector. It also establishes a

system to resolve complaints from the private sector regarding unlawful

government activity established in this Act. (An example of this bill is Oregon BB

#2778, 1993.)

 

I wonder if they are in breach of this?

[LFC64]

commercial assets are valued based on the rent receivable

 

I can understand LCC buying the land if 50 years rent exceeds the cost of the loan.

 

where it is bent is agreeing to reduce the rent that efc pay. i wonder how much lcc are effectively giving efc each year on the subsidy

 

But as long as the rent covers the 'favourable' loan repayments and anything on top is revenue for the City surely LCC as the new landlords are entitled to set the rent at whatever they want?

Not sure if the 13 million up front would be as easily found if it was LFC. Although Joe claims he would have done the same had it been LFC and not EFC!

[Strontium]

PUBLIC-PRIVATE FAIR COMPETITION ACT

Summary

This act prohibits government from engaging in any commercial activity of any

goods or services to or for government agencies or for public use which are also offered by private enterprise. It establishes a Private Enterprise Advisory

Committee to act in conjunction with the state auditor to review and make

determinations concerning state agencies engaged in or proposed to be engaged in

activities which unfairly compete with the private sector. It also establishes a

system to resolve complaints from the private sector regarding unlawful

government activity established in this Act. (An example of this bill is Oregon BB

#2778, 1993.)

 

I wonder if they are in breach of this?

 

 

Highly unlikely, mainly because Liverpool isn't in America.

[SlugTrail]

Highly unlikely, mainly because Liverpool isn't in America.

 

Haha picked up the wrong one, although i believe there is a similar law over here.

[MajesticSuarez]

Martinez to get £2 million of that to sign 6 players.

[Lycan]

Everton having to pay rent on something.

 

 

Oh this will end well...

[Ranxerox]

Everton having to pay rent on something.

 

 

Oh this will end well...

 

The peoples deadbeat