Everton has successfully negotiated a new £350 million financial package for their Bramley-Moor Docks stadium project.
The Toffees have reached an agreement on a £350m funding deal that will restructure the loans used for the construction of their state-of-the-art stadium.
Everton, who are preparing to move to the new stadium at the beginning of next season, have finalized these changes as part of a long-term agreement.
Sources indicate that this agreement is expected to save Everton a significant amount of money in the future. The debt associated with the 52,888-seat stadium has been simplified from previously complex and costly arrangements.
In a statement announcing the changes, Everton mentioned “competitive terms beneficial to Everton.” These changes are being driven by the new owners, The Friedkin Group.
TFG has managed to secure lower interest rates on the loans compared to the terms previously agreed upon by the former owner Farhad Moshiri.
The club took possession of their new stadium in December and has already conducted the first of three test events in preparation for the move next season.
Approximately 10,000 fans attended the ground to witness a match between Everton’s U18s and Wigan’s U18s by the waterfront.
Work is ongoing on the £760m project, with premium lounges and bars being fitted as the finishing touches are applied to what will become the Premier League’s sixth-largest stadium next season.
Everton will bid farewell to Goodison Park, their home for over 130 years, at the end of this season.
David Moyes, returning as boss, is doing an excellent job in giving Goodison Park a fitting send-off.
Since Moyes’ return to the dugout, Everton has only lost one of their eight Premier League matches.
He has successfully steered the team away from the relegation zone, moving them from just two points above the drop to 15 points clear of 18th placed Ipswich Town.
