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Everton could now reignite £45m off-pitch deal as official statement issued
Everton could potentially reignite a £45m finance deal in light of the latest news from the world of business.
The Toffees have just about kept their heads above water in terms of cash flow issues under present owner Farhad Moshiri.
The imminent arrival of AS Roma owner Dan Friedkin will see them turn a corner given that the multi-billionaire has the capacity to reduce the club’s debts and interest payments.
The media and sports investor is expected to be confirmed as the club’s new owner once exclusive talks with Moshiri over the finer points of a takeover deal are concluded.
One of the biggest issues the 59-year-old faces on Merseyside is the transition to the new 52,888-seater stadium at Bramley Moore Dock.
Despite taking on multiple third-party loans totalling around £390m, Everton have not yet secured full funding for the stadium’s construction.
Friedkin has already taken on one £158m loan from MSP Sports Capital.
But recent political developments may allow Everton to revisit another potential funding source with whom they have previously made a deal.
New government could be catalyst for Everton stadium finance
In 2021, Everton agreed a deal with Liverpool City Council for £45m worth of funds for Bramley Moore Dock, comprised of a £15m grant and £30m loan.
Ultimately, Everton chose to secure funding from other sources. Liverpool spent nearly £1m exploring the possibility of a loan deal using public funds.
And while the bulk of that cost was eventually covered by Everton, the £300,000 the Council lost was still a source of controversy in the city.
However, after the Liverpool region was specifically namechecked in Rachel Reeves’ maiden as the new Labour chancellor, some have speculated that this avenue is not entirely closed.
Football finance expert Paul Quinn, who goes by The Esk on , is among those to have suggested that the public purse could be used to redevelop the area around Bramley Moore Dock.
Quinn theorised that the nearby Liverpool Waters development could even be subject to a compulsory purchase order by the new government.
And while this hypothetical development would not be directly linked to the stadium construction project itself, it would be a boost for Everton and the wider economy.
- READ MORE EVERTON FINANCE NEWS: Dan Friedkin has clear two-year plan at Everton that will cost £390m, says finance expert Kieran Maguire
Bramley Moore Dock: How much will Everton earn from new stadium?
Everton currently earn around £18m per season at Goodison Park.
Once the move to the new stadium is complete for the 2025-26 season, they can expect to earn double that figure through the turnstiles.
And with various other commercial benefits and the arena’s status as potential venue for non-football events like concerts and combat sports, they will likely surpass the £40m mark annually.
That will be an immediate boost to Everton’s PSR position.