Everton

Everton news: £60m-a-year stadium development could now ‘save the club’

Wyness claims new Everton stadium could raise “£60million-a-year”

Former Everton chief Keith Wyness has claimed the club’s “spectacular” new stadium could be a “saviour” for the Toffees.

Speaking on the new edition of Football Insider’s Inside Track podcast, the 66-year-old – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – suggested 777 Partners will struggle to complete their takeover, meaning the stadium will be key to attracting other investment groups.

Everton’s new 52,888-seater stadium, which could cost more than £750million, is expected to be completed in late 2024.

The Merseysiders are expected to move into the new ground for the start of the 2025-26 season.
777 Partners reportedly agreed a deal worth more than £500million to buy Farhad Moshiri’s 94.1% stake in Everton back in September – but are still waiting for approval from the Premier League, Financial Conduct Authority and Football Association.

Wyness claimed another group could find the potential revenue from the new stadium attractive.

He told Football Insider‘s Inside Track podcast: “I’m still hopeful there is another group out there, waiting for the right moment.

“The Premier League would be in real trouble if they approve 777 Partners and there’s an issue – possibly even as soon as six months down the road.

“I think passing the smell test for 777 is going to be incredibly difficult right now, because the Premier League seem to be doing their diligence.

“There’s a great new stadium on the way – and it will be spectacular – and the chance to improve their revenue by £50-60million-a-year.
“Those are the kind of things we have to look forward to, but there needs to be more stability in the meantime.

“It’s funny how the stadium has been the cause of these problems, but could well be the saviour of the club in the end.”

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button