Everton’s project for a new £300m stadium took a step forward today as they agreed a deal to buy the land in which the complex can be built.
The Premier League club announced the Bramley Moore Dock site, near the River Mersey, as the preferred area for the new stadium in January and have revealed today that a deal has been agreed with the landowners Peel Holdings.
The Toffees have been working with Liverpool City Council to try and find a replacement for Goodison Park since Iranian businessman Farhad Moshiri bought a 49.9% stake in the club in 2016.
Everton chief executive Robert Elstone was adamant that the club must have a fool-proof plan to pull off the project correctly.
He said: “Clearly, it is vital we have clarity on cost and we have to recognise that the stadium will be significantly more expensive at Bramley Moore Dock. To get that certainty, and ensure the stadium is affordable, we need to confirm stadium design, capacity and configuration.”
Although planning permission is still to be given for the development, the City Council have agreed to be the guarantor for any deal to help with the funding of the project.
The Mayor of Liverpool, Joe Anderson, was emphasizing that the council will act as security on the deal saying: “It won’t cost Liverpool City Council taxpayers any funding… Indeed, the reverse is true.”
“Out of the deal for that security [Liverpool City Council] would receive a substantial amount of money, in excess of £4.4m every year. We will provide security using our status as an organisation, enabling them to go the market to secure a loan.”
At the moment, no timeframe has been set for the building of a new stadium but this new plan marks the fourth attempt Everton have made to move from Goodison Park.
They had sights at Walton Hall Park, King’s Dock and Kirkby all abandoned in the past.
Written by Kyle Dixon (@kyledixon95)