The lease, which is conditional upon gaining planning consent for the proposed new stadium and securing funding for its construction, was signed under Everton Stadium Development Limited with Peel Land and Property (Ports) and will run for a period of 200 years at a peppercorn rent.
Under the terms of the agreement, Everton effectively now control the land upon which a new ground would be built, moving the Blues closer to securing a move away from Goodison Park.
Robert Elstone, Chief Executive at Everton Football Club said: “Clearly this is very positive news. Gaining control of the site was essential for us to be able to move forward with the next stages of the project — finalising the funding agreement with the Council and preparing for the submission of a planning application — both of which we hope to do in the New Year. I'd like to thank Peel as well as Mayor Anderson and his colleagues at the Council for their support in getting us to this point.”
The proposed new stadium at Bramley-Moore Dock will be a catalyst for the £5.5bn regeneration proposals for North Liverpool which is set to be one of the largest and most transformational in the city's history.