Everton have agreed a long-term finance package totalling £350million for their new stadium at Bramley-Moore Dock.
A consortium of blue-chip institutional lenders have refinanced borrowing which supported the completion of the 52,888-capacity ground as new owners The Friedkin Group look to stabilise the club’s finances after several years of overspending and profitability and sustainability problems.
It means lending has been moved to a more advantageous rate, potentially saving millions of pounds, after a series of short-term solutions were employed by previous owner Farhad Moshiri in order to complete the final phase of the build.
Bramley-Moore Dock hosted its first test event for 10,000 fans last month and will hold a second for at least 25,000 supporters in a fortnight’s time.
The whole project, including work to the surrounding area, is estimated to cost in the region of £850m.
Everton will move into the new stadium, which has been selected as a venue for Euro 2028, for the start of next season.
