Everton confident on stadium despite rising costs

Sunday 31 December 2017  62 Comments  [Jump to last]

Everton's plans to relocate from Goodison Park to a brand new stadium at Bramley-Moore Dock continue to develop but the cost estimate and the timescale for its opening have changed.

The club have been working on a development that would finally end a 20-year search for a solution to the problems posed by their existing ground for the past year and had hoped to kick off the 2021-22 season by the Mersey.

That time frame has shifted to 2022-23 now and development costs are now projected to be higher than the original £300m estimate due to what CEO Robert Elstone describes as a 20% premium for building on what is a far from routine location.

The dock location chosen for the Blues' new stadium will need to be filled in to provide the footprint for the construction. An “ambitious capacity” will also bump up the price tag of the Bramley-Moore Dock project but the club remain confident they will recoup the outlay though a naming rights deal, further sponsorship, non-matchday revenue and higher attendances than are possible at Goodison Park.

"You will know we recently secured the Bramley Moore Dock site," Elstone wrote in a post to supporters on evertonfc.com where he outlined the progress made on the new stadium. "Meis has presented the Club with outline concept designs. Cost consultants have prepared estimates. Planners are ready to kick off the planning application. And, we are moving ever nearer to securing a significant proportion of the funding we will need to build the stadium.

"Your informal feedback has ... informed the concept designs prepared by Meis needed to secure a reliable estimate of the project's total cost and, ultimately, our funding target.

"That funding target has escalated significantly and has occupied much of our efforts of the past 12 months. The premium for the waterfront site, an ambitious capacity that we will test with more rigour, a design we can all be proud of and the simple but painful impact of inflation, have all contributed to an increased overall cost and a funding target which continues to grow."

Elstone continued to explain that the club "has always had the full support of Liverpool City Council and throughout 2017, we have been totally committed to finding a funding arrangement that works for the Club and the City.

"Once these funding arrangements are secure, we will be able to move forward with more conviction and optimism."

Mayor Joe Anderson sounded that optimism on Twitter later in the day, hinting that he has seen Meis's concept designs and coined a related hashtag to indicate his approval of what he has seen: "I can also confirm that [Liverpool] City Council and Everton are close to reaching an agreement that suits the City financially and EFC," he wrote. "I have also seen the concept stadium designs and as fan #Meisveryhappy indeed."  


Reader Comments (62)

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Jason Wilkinson
1 Posted 31/12/2017 at 18:31:38
I said three and a half years on another thread. Knock the capacity down to around 48k. It would take a year off.

Most on here want a bigger ground than the RS. What for? 48k with a petition to raise to 53k with safe standing and a design to accommodate another tier to get to 60k would make greater financial sense.

Colin Glassar
2 Posted 31/12/2017 at 18:34:43
Knowing us, it will probably end up like Valencia's stadium, never finished and trillions over the original budget.
Phil Greenough
3 Posted 31/12/2017 at 18:41:17
Surprise, surprise. Everton put out a news item about the stadium, right after yesterday's dismal performance.
John Otway
4 Posted 31/12/2017 at 18:49:15
Happy New Year, Colin!
Les Martin
5 Posted 31/12/2017 at 18:49:32
I await the naysayers again who will spill oil on the perfect blend, you should be losing control of your bladder in excitement!

As for the capacity, of course go for a "ambitious capacity". It will be filled by the faithful and a new generation of fans. Additionally there could be many tourists wanting to watch on the day and possible package deals, concert revenue etc, there is no ceiling here.

Incontinence pads are going to get very popular soon.

Dave Abrahams
6 Posted 31/12/2017 at 18:56:40
Colin, you are over ruled by Les.

Altogether now: three cheers for Les, hip hip... ?????

Brent Stephens
7 Posted 31/12/2017 at 18:57:35
Hooray!
Denny Kerr
8 Posted 31/12/2017 at 19:00:13
As an Evertonian for 63 years, I try to stay positive, but when I hear that the time table for the new stadium has shifted an extra year, and the estimate is already 20% over, I start getting nervous.

To hear these kind of announcements when we haven't even seen a preliminary sketch of the stadium, along with anyone with half a brain knowing that to build on an old dock site would cost considerably more than a conventional piece of land, is very worrying.

If this was another club, I'd say it's all part of the process, no worries, but this Everton, who's management prowess is less than stellar.

Harry Wallace
9 Posted 31/12/2017 at 19:11:04
Ambitious capacity please. That's my second biggest worry. Let's go for it. 60k.

Dave Abrahams
10 Posted 31/12/2017 at 19:12:58
Brent (#7), knew I could depend on you... what a pal!!!
Gordon White
12 Posted 31/12/2017 at 19:17:42
People are funny things. Only a handful of years ago the hand of anyone promising a waterfront stadium would have had their hands bitten off. Now you're arguing about capacity and a year, here or there!! It's the pyramid of expectations again. 

Personally, I'm thrilled.

Happy new year everyone! 

John Keating
14 Posted 31/12/2017 at 19:23:34
The price has only gone up since we got Allardyce signed up. I have no doubt when we employ Guardiola in 18 months time we will get it for free.

Allardyce out!

Bill Watson
15 Posted 31/12/2017 at 19:36:41
I'm with Les. The capacity has to be ambitious. Not so long ago, Goodison Park's capacity was 78,000. It was rarely filled but, today, there seems to be an unquenchable demand for Premier League football.

The evidence is in the tourists you see wandering around town wearing new Liverpool gear and 50/50 scarves. They'd never fill their ground with locals!

David Barks
16 Posted 31/12/2017 at 19:58:59
String of poor results, stadium news. Wash, rinse, repeat. The “project” carries on full steam ahead!!!
Rob Hooton
17 Posted 31/12/2017 at 20:00:40
Hooray, Les! Happy New Year, fellow Toffees everywhere... and Up The Blues!
Alan McGuffog
18 Posted 31/12/2017 at 20:08:49
Horseshit. Total feckin horseshit!

By 2022 we will be entertaining crowds of 30k at Gillmoss. Why do we continue to be sucked into this shite?

Oh yeah... 'cos it's Everton!

Ray Roche
19 Posted 31/12/2017 at 20:30:57
Happy New Year, Alan. Such a positive outlook. Makes one quite emotional.
Alan McGuffog
20 Posted 31/12/2017 at 20:36:33
Cheers, Ray, ha ha..

Sorry but that was me being optimistic. I'm a kind of "glass half-empty" sort of bloke who finds he's just had half a pint of dodgy ale! All the best!

Ray Roche
21 Posted 31/12/2017 at 20:37:38
No worries Al, Happy New Year to all Blue Boys everywhere.
Dave Abrahams
22 Posted 31/12/2017 at 20:39:39
Alan (#18), very positive post, only 30,000, but at least they were entertained.

I hope I am one of them – I'll be well into my 80s by then.

John Hughes
23 Posted 31/12/2017 at 20:42:39
Won't be happy till I hear what Geoff from West Derby has to say on Merseyside! Happy New Year to you all COYB,
David Israel
24 Posted 31/12/2017 at 20:51:18
Gillmoss is close enough to Kirkby, Alan #18. You may have a point.
David Israel
25 Posted 31/12/2017 at 20:54:16
Dave (#22), and those 30,000 were hosting Southport in the National League North, the new Merseyside Derby.
Timothy Blanshard
26 Posted 31/12/2017 at 21:03:28
It's so nice to be able to post without getting trolled by a gang of morons kicking off about OUR new stadium (in The Echo). It's going to cost this, it's going to cost that out of our taxes.

I cannot wait to see it glowing in blue on the waterfront with one or two massive Everton crests on the side of the stadium that can be seen for miles.

Brent Stephens
27 Posted 31/12/2017 at 21:16:28
Alan (#20) "I'm a kind of "glass half-empty" sort of bloke".

Alan, I never would have guessed you had a glass! Happy New Year! Let's raise a (half-)glass together!

Alan McGuffog
28 Posted 31/12/2017 at 21:27:14
Excellent, Brent, a great New Year to you and all TWs! You probably gather that my negativity is down to really wanting this move to happen.
Gordon White
29 Posted 31/12/2017 at 21:49:34
Happy New Year everyone! Looking forward to the new stadium and challenging for the Premier League title.
COYBs.
Dave Abrahams
30 Posted 31/12/2017 at 22:17:02
David (#25) and we will be still be supporting them if we get relegated that season, and blaming that bastard Kenwright if we do!!!
Jeff Armstrong
31 Posted 31/12/2017 at 22:24:23
Yeah Dave,

Kenwright will have left 4 years previously and will still be getting blamed for the “legacy“ he left behind, meanwhile the players are on £300,000 each, per week; they get a free pass!!

Liam Reilly
32 Posted 31/12/2017 at 22:46:21
Doesn't make sense; economies of scale would suggest that as costs are expected to rise exponentially, then hedge against it so that the original predictions hold water.

I can't believe what I'm reading here and am (for the first time) beginning to lose belief.

Steavey Buckley
33 Posted 31/12/2017 at 22:59:34
Should ask Boris Johnson to build Everton a new stadium at a cheap price, he helped West Ham get theirs for £2.5 million a year in rent. Bargain!
Len Hawkins
34 Posted 31/12/2017 at 23:04:37
All you "glass half-empty" merchants wise up get a smaller glass to pour it in and it will be overflowing.

Happy New Year!

Paul Kelly
35 Posted 31/12/2017 at 23:10:10
Shit result... fan unrest... stadium announcement. Predictable.
Derek Thomas
36 Posted 01/01/2018 at 00:27:25
Cost plus 20% and a year late eh and not a spade in the ground yet.

'The Stadium is not dependent on the Commonwealth Games'.

If it comes in under £500M, I'll show my arse in Lewis's window.

Jackie Barry
37 Posted 01/01/2018 at 00:53:18
Is it me or is this seeming less and less likely. I honestly don’t see it happening right now.
Paul Smith
38 Posted 01/01/2018 at 01:44:56
In regards to the ground, Mayor Joe usually has his finger on the pulse and he sounds upbeat.

James Flynn
40 Posted 01/01/2018 at 03:42:33
Rising cost means looking at larger capacity? Inevitable, no?
Erik Dols
41 Posted 01/01/2018 at 07:12:35
So Everton wants to have a bigger stadium than originally planned. This will take more time and cost more money.

I am probably very naive but that makes sense actually. I would love to see a spade in the ground and can’t wait for the new stadium to open just like you guys but I don’t read too much negatives in to this message. Good that Everton consider a bigger capacity. It might be petty but I really want us to have a bigger stadium than that other lot... rather take our time on this one than end up with a small 13 in a dozen design stadium with lots of missed chances.

Sam Hoare
42 Posted 01/01/2018 at 07:52:04
Like others I’m often apprehensive that something will go wrong somewhere but this stadium is moving forwards and that is darned exciting.

Can’t wait to see some plans, designs etc from Meis but the location is cracking and if it’s going to take longer to build a bigger shinier stadium then I am totally on board with that.

Happy New Year all!

Dermot Byrne
43 Posted 01/01/2018 at 08:40:43
When we had the big spending going on (before we saw them play), I walked with the swagger of a man who's club would get a brill new ground. I was sharing Meis designs.

Now our football is awful I find I am doubting the scheme and its likelihood.

Conclusion? I still see the world of Everton as I did going to Goodison Park with my Dad 50 years ago. We win well, for a week anything is possible. We lose playing badly, all is doomed.

And in the end, I think that is exactly the simplistic mindset that treats footy for what it is, a game of love, hatred and passion with a round ball watched by few million fans.

The rest tends to be a macabre pantomime with us adopting parts like the architect, the billionaire and the CEO with which we stumble around exchanging arguments built on very shaky foundations. The Sky Premier League era.

So Happy New Year from a sceptical fan who will completely change his mind if we stuff Man Utd!

Dave Abrahams
44 Posted 01/01/2018 at 09:27:30
Jeff (31), fair enough Jeff, that means Kenwright is leaving in the next 18 months, so every cloud really does have a silver lining.

Happy New Year, Jeff and all fellow ToffeeWebbers.

Tony Abrahams
45 Posted 01/01/2018 at 09:54:17
Usmanov's steel, and the cost is still going up? I can't see Kenwright leaving just yet, Dave!
Paul Doyle
47 Posted 01/01/2018 at 10:08:08
Farhad: "Bill – these costs... They don't add up!"

Billy Liar: "A bit strange, that, Moshe lad. They're off that fella who was building the hotel round the back, facing the Blue House, on that land we had, that we remortgaged the life out of. We weighed off Phil Green with that one, or was it the 10 Vibrac loans? Anyway, he seems to know his onions about buildy stuff."

Farhad: "Fuck all that, this is the deal: I will get my mate in, owns the biggest steel company on earth, we will get all the steel at rock bottom price, and at the same time, I will flog a load more steel to Peel while we are down there."

Billy Liar: "Yeah, great, but what's the catch?"

Farhad: Catch? You and that other gobshite Woods give my mate your shares and then get the fuck out of it!"

Ian Hollingworth
48 Posted 01/01/2018 at 10:27:09
Hmmmm rising costs announced just as the January transfer window opens.

Usmanov steel etc just might give you an inkling into the role being played by our millionaire. Him and his pal won’t be needing the food banks.

Christ supporting Everton makes you paranoid.

Tony Abrahams
56 Posted 01/01/2018 at 11:28:24
I was in Manchester the other day, a city full of cranes in the sky, and tents on the pavements, and playing on my car radio, was the fairy-tale of New York!
Joe Hurst
58 Posted 01/01/2018 at 12:04:23
Coming back to topic, out of a wish not to continue the trudge I added to of all that's glum politik

As long as the Bramley Moore dock is looked on soon with pride and hope for us blues, because of a lovely stadium that annoys the feck out of the Norwegians and home counties-resident fans, who support 'that lot' - that will be of course what matters to us blues.

Ralph Basnett
63 Posted 01/01/2018 at 12:45:44
Defo good job we didn't get the Commonwealth Games or we would have athletes running around the now defunct heritage market.
Jason Wilkinson
67 Posted 01/01/2018 at 13:16:06
Happy new year to all. We will have a new stadium. It will be on the docks and it will take some time.

I live in North Manchester in my pub these days. The natives up here are seriously worried about us joining there ranks with our new found wealth.

They were quite happy with plucky little Everton. Now that we can spend a few quid and our shiny new ground will make theirs look like a dilapidated pile of shite they're getting twitchy.

If we beat Manure this evening I will be the smuggest blue on the planet with a pub full of miserable mancs.

The other half is a Utd fan. (I'm working on it before you ask)
Those of you who are going. Don't be too hard on Jose. He doesn't look like he's had a nice Xmas. Haha.
COYBB.

Kevin Tully
68 Posted 01/01/2018 at 13:20:07
I don't doubt for one moment that Moshiri wants to build a new stadium. However, you can't help but be sceptical when the people who let us start a season without a number nine in the team are the same people in charge of a huge project such as this.

It always made me laugh whenever we heard talk of previous moves when we couldn't even leave Goodison until the huge mortgage was repaid (with penalties for early repayment.)

I feel this project is still in the balance, all recent agreements involving leases etc. will be subject to planning permission, so until we see the actual foundations being built, there is a chance this could be another failed scheme. Let's pray Moshiri stays healthy and there is no falling out behind the scenes.

Minik Hansen
69 Posted 01/01/2018 at 13:35:25
More time to become and be a regular Champions League club, before we move to the stadium. Can't knock that hustle. Happy New Year.
Colin Glassar
70 Posted 01/01/2018 at 13:37:40
Same thoughts here KT. I’m worried that we might fall between two stools (is that the right expression?). We might start work on the new stadium, run out of money half way through and have to stay at Goodison while paying a cocky watchman to guard the new, unfinished, white elephant. Nightmare scenario.
Don Alexander
72 Posted 01/01/2018 at 13:44:02
Massive and allegedly unforeseen increase in stadium cost = massive reduction in monies for new players = more of the Kenwright-led stupor we've all had to endure for the entire 21st century, and beyond.

Happy New Year folks.

Peter Howard
74 Posted 01/01/2018 at 14:59:08
Colin

Will the cocky watchman have a blazing brazier and a whistle and be able to shout "..sit down on those swings!".

Jerome Shields
75 Posted 01/01/2018 at 15:29:41
Hopefully Moshiri and his Russian friend will get this right. I am more confident they will, than get the team right.
Thomas Lennon
76 Posted 01/01/2018 at 16:10:04
Talk of getting into the Champions League to be ready for our new stadium is a bit wide of the mark, one is linked to the other in business terms, unless you can afford a shortcut.

Once you are paying the salaries of a team capable of getting into the Champions League in England, then surely you have to be in the Champions League most years or risk huge losses?

Wages needed >£200 million (aside from newcomers Spurs)
Capital expenditure ?? £200 on players per season?

Approx £3-400 million to be sure that you are going to compete in Champions League and even then two will miss out every year, three if we can join in.

Finishing in top 6 in the Premier League gets you £140 million of that. Getting as far as the Final of the Champions League is worth around £90 million?

So earning £230 million in prize money costs £350 million –the rest has to be made via marketing & sponsorship streams. Goodison Park is not capable of supporting anything like enough (£20 million in gate money, £15 million in sponsorships).

Spurs are lighting the way with careful control of wages while maximising squad value and performance, but it is a risky business financially as they, just like us have an obsolete stadium (I define obsolete as being incapable of raising enough money to get to where we want to go). It will be of great interest how successful they are over the next five years.

The stadium MUST happen and until it is in place we cannot compete. Our owner cannot put in unlimited cash while waiting if there are delays, it makes no business sense and once it is in place we MUST be in the top 6 to earn enough to pay for the stadium (though of course the business model of broadcasting Premier League is changing fast too, so income may once again surge).

Moshiri is not here to throw money up the wall, he is here to do business. I don't think it is all about Everton and I think his business partner may well join us in the development of the North Docks, if we can demonstrate that there is enough money in it as well as enough success to satisfy vanity. Liverpool faces the world, not the European Union. The North West is becoming 'London North' with life down there becoming ever more intolerable for the younger generations.

I think these are (off the field) exciting times, risky times in Premier League. There are fewer cosy comfort zones left and success is VERY expensive. We are seeing Spurs emerge as a future giant, we will hopefully see us emerge too but earlier this season showed that the trapdoor to the Championship can open very quickly indeed. On that point I remember Kevin Campbell being bought with what little cash we could pull together - we were very lucky to survive. At least this time money isn't the issue it was.

David Johnson
78 Posted 01/01/2018 at 20:24:55
Stadium is more Kenwright bollocks and will never happen.

He's just got a great excuse not to spend the bumper TV money. We deserve him.

Ed Prytherch
79 Posted 02/01/2018 at 01:06:49
Elstone blamed the rising cost on inflation. Fancy that! What did he expect, deflation? The cost will rise as the project is delayed and we pay interest on loans for a longer time. Hopefully Moshiri knows a good project manager.
Les Martin
80 Posted 02/01/2018 at 16:29:15
Thomas (#76), very good and realistic comments there, pal!
Graham Blakeman
81 Posted 02/01/2018 at 19:45:08
Kings Dock and Kirkby, now Bramley-Moore Dock. Will Kenwright complete a memorable hat-trick?

This man took over in 1999 and has completely failed to move the club forward in any way. His legacy is complete failure and mediocrity. The club is utterly embarrassing and shames all our fans.

The game is up. Kenwright out ASAP. COYB
Paul Tran
82 Posted 02/01/2018 at 20:17:25
Large UK construction project has increase in original (optimistic?) projected costs. Are we supposed to be surprised by this? Only a big deal if you're a conspiracy theorist or you've had your eyes shut for the last 20 years. All these UK projects have increased costs!
Ian Hollingworth
83 Posted 03/01/2018 at 12:34:43
I don't think Moshiri's pal Usmanov will be too upset by increased costs as he will probably be getting most of the construction deals anyway through his various companies.

Rumour has it Moshiri is prioritising the stadium deal and little wonder when you consider who his paymaster is.

David McMullen
84 Posted 03/01/2018 at 14:22:28
Just catching up on the article from the other day, first comment made me laugh. No one is arsed about the RS (and their lego ground), we need a 60,000 plus stadium as that is "the going rate" we have to stay with the "big" teams, by stadium if not on the pitch at least. Crying out loud 48,000 where's your ambition man? I want 65,000 simply because it would make it the biggest outside OT. It makes a statement.

As for the club's update well there's nothing really new. The club set the bar incredibly low so if they show any ambition well of course the costs will rise for a bigger stadium. You look at costs of other rival club's new grounds then you see that Everton (of old) were always looking for the cheap and nasty.

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