Building a stadium for £60 million a year might now save the club.
According to former Everton manager Keith Wyness, the team’s “spectacular” new stadium may be the Toffees’ “savior.”
The 66-year-old, who ran a football consultancy advising elite clubs after serving as CEO of Goodison Park from 2004 to 2009, stated on the latest episode of Football Insider’s Inside Track podcast that 777 Partners will find it difficult to complete their takeover and that the stadium will be crucial in luring in additional investment groups.
It is anticipated that Everton’s new 52,888-seat stadium, which could cost over £750 million, will be finished by late 2024.
It is anticipated that the Merseysiders would relocate to the new stadium in time for the 2025–2026 campaign. According to reports, 777 Partners and Farhad Moshiri reached an agreement in September to purchase 94.1% of Everton for more than £500 million. However, the Premier League, Financial Conduct Authority, and Football Association all need to give their approval.
Wyness claimed that the potential earnings from the new stadium might be appealing to another organization.
If 777 Partners is approved and there’s a problem, which may arise as soon as six months from now, the Premier League will be in serious difficulty.
Since the Premier League appears to be exercising due diligence, I believe it will be extremely difficult to pass the 777 smell test at this time.
“They have the opportunity to increase their earnings by £50–60 million annually, and a fantastic new stadium is on the way. It will be beautiful.
