4 Corners


Everton initiate Goodison exit

23-March-2017 17:14
in General
by Admin

Everton have taken a significant step towards their goal of building a new stadium on the banks of the River Mersey after securing a deal to acquire land at Bramley Moore Dock.

The club have agreed Heads of Terms to acquire the site, two miles from Goodison Park on the banks of the River Mersey, from Peel Land and Property subject to planning consent.

There are still a number of hurdles to overcome - funding for the £300m-plus scheme for one - but it is the beginning of the process which will see Everton leave their home of 125 years.

Liverpool mayor Joe Anderson helped broker the deal and on March 31 the city council is set to agree the principles of an innovative finance model which will take a lease of the stadium from a funder and, in turn, sub-lease it to the club.

The stadium will be fully funded by Everton and no financing will be provided by the council but the authority will benefit from an annual security fee payable by the club in return for the council's participation.