According to Alan Myers, Everton is “in credit” for almost £100 million toward the cost of the new Bramley-Moore Dock stadium.
The Sky Sports journalist tweeted on Wednesday, September 20, that despite Farhad Moshiri’s valiant efforts to raise money, the Blues are now in the black when it comes to paying for the £500 million project.
Moshiri has undertaken discussions with a variety of partners and obtained loans to help pay for the 52,888-seat arena after losing Alisher Usmanov’s backing.
He’s now agreed to sell his majority shareholding at Everton to 777 Partners and despite all of this, Myers claims Everton have so far overpaid for the Bramley-Moore Dock stadium and that there’s no truth in rumours the club has no money.
“I believe we are around £100m in credit on the stadium project,” said Myers on Twitter on Wednesday night (20 September).
After being asked where he got his information from, Myers replied: “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 going on with the new Everton stadium?
According to all the information released by the club and the photographs that are available, Everton’s new stadium should be ready to host games by the start of the 2024–25 season.
However, Everton’s biggest concern with the project has always been its cost.
Moshiri has always had Usmanov to aid him since he hasn’t been able to manage it on his own, along with operating the club.
However, Moshiri lost Usmanov’s support as a result of the UK government’s sanctions against oligarchs with ties to Russia and had to look for funding elsewhere.
Loans have been secured but, most importantly for Moshiri, a deal is now in place for him to sell Everton to 777 Partners.
However, there are major doubts about whether 777 can afford the takeover as well as all of Everton’s debts.
Being £100million in the black is obviously a good thing but we’re not sure as to how much has been paid off already out of that £500million.
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