Alan Myers shares what he’s been informed about the £100 million new Everton stadium twist at Bramley-Moore Dock. Everton are roughly £100 million “in credit” when it comes to paying for the new stadium at Bramley-Moore Dock, according to Alan Myers.
Despite Farhad Moshiri’s desperate efforts to acquire finances, the Sky Sports writer stated on Twitter on Wednesday (20 September) that the Blues are now in the black when it comes to paying for the £500 million project.
Moshiri has held conversations with a variety of companies and taken out loans to assist pay for the 52,888-seater facility after losing Alisher Usmanov’s finance.
He’s now agreed to sell his controlling stake in Everton to 777 Partners, and despite this, Myers maintains Everton have overpaid for the Bramley-Moore Dock stadium and that rumors that the team is broke are untrue.
“I believe we are around £100m in credit on the stadium project,” Myers tweeted on Wednesday (20 September).
When asked where he received his information, Myers said, “It’s what I’m told by someone who would know, just really contrary to reports that the club don’t have the money.”
What is the status of Everton’s new stadium?
Everton’s new stadium is expected to open for football at the start of the 2024/25 season, and based on all of the club’s updates and photographs, it appears to be on track.
However, Everton’s major concern has always been the project’s cost.
Moshiri has never been able to afford that, let alone operate the club, on his own, and has always relied on Usmanov for assistance.
However, Moshiri lost Usmanov’s support after the UK government sanctioned Russia-linked oligarchs, forcing him to seek funding elsewhere.
Loans have been arranged, but most significantly for Moshiri, an agreement to sell Everton to 777 Partners has been reached.
However, there are serious doubts about 777’s ability to fund the buyout as well as all of Everton’s debts.
Being £100 million in the black is certainly a wonderful thing, but we don’t know how much of that £500 million has already been paid off.
In other Everton news, a journalist released a “disastrous” Farhad Moshiri verdict in the midst of a “saving grace” allegation.
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