A remarkably dumb argument and frankly, an incredible thread. And utter bollocks talked about money. £25m a year to pay back a billion pound debt? interest AND capital? Or just do interest only, until it falls down and you have to start again with now double the debt (plus inflation). Think about it for more than two seconds. It's absolutely laughable. How old are you? Six?
Peter, Peter, Peter.
I think if you are going to call someone remarkably dumb and accuse them of being 6 you should at least get your facts straight. Spurs do not have a £1bn Stadium debt. We are not talking about you getting it slightly wrong either. You are talking absolute garbage. Their Stadium debt is £637m, £525m of that is in bonds with a repayment range between 15 and 30 years and the remaining £112m is in a fixed loan with Merrill Lynch. The average rate of interest is 2.66%. So if that is interest only then the annual cost to service the debt is £17m if it is an amortised loan then the repayments are around £45m.
We waited 14 years from 2002 for redevelopment. Not 30. And why did we wait? Because fools like yourself, couldn't contemplate the benefits for the community or the club of redeveloping Anfield. Are you Councillor Kemp? No. You preferred a new stadium.
Of course it was 30 years ago, redevelopment didn't start until Joan and Nora Mason left 26 Kemlyn Rd in November 1990. Even that is a conservative figure considering we had to buy all the houses around theirs in the preceding years, demolished the whole street and then left one either side to prop up their home.
As for houses in Anfield. If I'd had a house in Anfield tinned up or otherwise and got 10% over market rate plus expenses - minimum - I'd bite your hand off.
You really are a nasty piece of work.
The reality is that hard working people who had done everything right and had bought their own house ended up in massive amounts of negative equity because the value of their houses plummeted when their neighbourhood was destroyed. Who the hell is going to buy a house in a street in which 90% of the houses are tinned up, when vandals are breaking in to those properties and setting fire to them.
People ended up trapped in the remaining properties because they couldn't sell up and move on. 10% plus expenses means absolutely nothing when property values go through the floor.
We have now ended up in situation in which the only way to expand the stadium is destroy another generation of peoples lives. We should of moved 30 years ago but the Club lacked ambition. This is not a slight on FSG for me they made the best of a bad situation. The blame lies with Coco and Parry.