The club have one offer on the table from Liverpool Council to provide £280m of the estimated £480m project via a loan secured against the club's assets that would have the added benefit of netting the city £7m a year for the next quarter of a century.
However, new Stadium Development Director, Colin Chong, says that other avenues are being explored for what he describes as "complex" funding requirements for the new stadium.
"We have a number of options available to us," Chong is quoted as saying by the Liverpool Echo. "Liverpool City Council is one of those options and there are other opportunities we are exploring too.
"Any deal we do will be the best deal for Everton Football Club."
Meanwhile, Chong says that feasibility studies are being carried out to determine the final capacity of the Bramley-Moore Dock stadium, an issue that is among the more emotive for supporters.
"It is important we get this right," he said, "and there are a multitude of factors we need to take into consideration, such as planning, size, mass, the look and feel of a stadium set in Bramley-Moore Dock.
"It is a lot more complex than just picking a number that feels right."
Chong promised further consultation of fans on the process but did not provide a concrete timescale for when a planning application for the new construction will be submitted, except to say "as soon as possible".
He explained: "It will be a full planning application and, therefore, we need to make sure that everything in it is absolutely correct.
"This too is a complex process. We're reliant on third-parties and a lot of the work simply can't be rushed."
Reader Comments (35)
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1 Posted 14/09/2018 at 07:23:45
2 Posted 14/09/2018 at 07:47:57
3 Posted 14/09/2018 at 07:54:41
4 Posted 14/09/2018 at 08:17:44
Sounds like things are right on track.
5 Posted 14/09/2018 at 08:26:57
6 Posted 14/09/2018 at 08:26:59
7 Posted 14/09/2018 at 08:39:43
8 Posted 14/09/2018 at 08:44:38
9 Posted 14/09/2018 at 08:44:46
I'm not worried, it will happen and worst case we have the potential to experience some glory whilst still playing at Goodison Park — what better way to say goodbye to the most magnificent stadium ever built, with League, FA Cup, League Cup and Champions League trophies in the cabinets!!!
10 Posted 14/09/2018 at 08:57:23
11 Posted 14/09/2018 at 09:13:01
12 Posted 14/09/2018 at 10:13:24
Understandably, a lot has also been said about funding. Like all developments of this size and nature, the funding is complex. We have a number of options available to us. Liverpool City Council is one of those options and there are other opportunities we are exploring too. Any deal we do will be the best deal for Everton Football Club.
Well worth a read.
13 Posted 14/09/2018 at 10:15:30
It seemed like a win-win for the club and the council but maybe they are squeezing us too much. The fact we are looking elsewhere maybe designed to sharpen their minds and relent on their demands.
14 Posted 14/09/2018 at 10:21:16
Chong cheeches the council a lesson, says the deal has gone “up in smoke”...
15 Posted 14/09/2018 at 10:34:10
16 Posted 14/09/2018 at 12:11:07
17 Posted 14/09/2018 at 12:41:50
We are now at Phase Two and it will be a while, for the reasons quoted, before we reach "shovel ready" stage.
But it is no longer a mythical nor mystical dream. It is a reality, at Phase Two in its development and execution.
18 Posted 14/09/2018 at 12:56:48
Seriously though, acquiring the site doesn't necessarily mean that a stadium will be built on it. Mind you, that could be me hoping somebody will realise how much cheaper redeveloping Goodison Park would be!
19 Posted 14/09/2018 at 13:28:04
1. Fortress Sports Fund
2. Arteta Money
3. Tescos at Kikby
4. Sylvester Stallone
Right – I'm out of ideas.
20 Posted 14/09/2018 at 14:34:21
Moshiri will sell Everton with added value (new stadium). But, in 20 or 30 years, Everton and the next owner will still be paying off the debt for the stadium funding.
21 Posted 14/09/2018 at 17:14:09
Now we appear to be going cap in hand to possible investors to fund what is fast becoming a white elephant with cost overruns probably running into the millions eventually, making the feasability of a new stadium null and void. Just saying.
22 Posted 14/09/2018 at 17:17:56
Returning to the stadium issue, I am with Hugh (#17) on this one: the site is in the bag, the City Council appear to want it to happen, and the fans are clearly enthralled by the prospect of being down by the river.
This particular part of Liverpool, although encompassing a World Heritage site, had been in many decades of neglect, and with complimentary infrastructural improvements, this will be a great asset to the club, the city, and the region.
23 Posted 14/09/2018 at 17:18:43
The mystery to me is why the financing wasn't in place beforehand. It's like if I wanted to build a mansion, and I bought a patch of land for it to be built, and bought office space next door so I could look at it, then, having done both, I said "I wonder if a bank will lend me money to build the actual house?"
24 Posted 14/09/2018 at 17:24:33
25 Posted 14/09/2018 at 17:42:35
26 Posted 14/09/2018 at 19:00:55
I wouldn't worry too much about the water. Over a century ago the (so called) three graces were built on a dock that needed filling in and they seemed to manage Ok.
27 Posted 14/09/2018 at 19:16:07
28 Posted 14/09/2018 at 22:13:36
I would drain the dock off, tank it, sink the stadium into it, and create an underground car park with what was left over.
Back to the funding – Usmanov once said his Arsenal shares were a "long-term investment for his family". He now has 5 or 6 hundred million pounds available which was earmarked for his family. Surely he must at least have looked at funding the stadium as a long-term investment option?
29 Posted 14/09/2018 at 22:56:29
You're not alone in thinking that the “Three Graces” are a fairly recent marketing ploy. When I first heard it mentioned in regard to the Pier Head, I didn't have a clue what they were on about. Bullshit.
30 Posted 14/09/2018 at 23:21:55
31 Posted 15/09/2018 at 09:44:41
They were given that moniker after the Canova statue of the real Three Graces from Greek mythology, and here my memory fails me, which enjoyed a blast of publicity for some reason, maybe it was loaned to the Walker Art Gallery, whatever, but soon after the Royal Liver Building, Cunard Building, and the Port of Liverpool Building became the Three Graces. That's how I recall things.
32 Posted 15/09/2018 at 13:46:19
The planning application needs to be right first time; refusals and referrals will add years and millions on to the project, massively important to get this right.
Most projects of this size will be funded through borrowing; it's a rare event for one person regardless of billionaire status to completely fund this type of development.
Funding is a guesstimate until the application is approved, so although the feelers are out, it probably will be the last piece of the jigsaw.
33 Posted 15/09/2018 at 14:04:20
34 Posted 16/09/2018 at 10:53:58
35 Posted 16/09/2018 at 21:16:43
Wanted: lobotomised financial backers who will let us keep all the TV cash and build a Stadium for a share of what's left.
Signed: Moshri & Kenwright.
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