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A Glimmer of Hope in Uncertain Times
Amidst the uncertainty surrounding Everton’s ownership, the club’s former CEO, Keith Wyness, has shed light on the potential of Everton’s forthcoming stadium to transform the club’s fortunes. Wyness, who led the club from 2004 to 2009, now offers his expertise to elite football clubs through his consultancy. His insights come at a time when Everton’s anticipated takeover by 777 Partners faces regulatory hurdles, leaving the club in a state of flux.
New Stadium Could Attract Fresh Investment
The new 52,888-seater stadium, with an estimated cost exceeding £750 million, is slated for completion in late 2024, with the Toffees set to inaugurate their new home at the onset of the 2025-26 season. Wyness believes that the revenue prospects from the new stadium could lure other investment groups, especially as 777 Partners’ acquisition of Farhad Moshiri’s 94.1% stake in Everton, agreed upon last September, is still pending approval.
Regulatory Scrutiny Intensifies
Wyness expressed concerns over the Premier League’s approval process for 777 Partners, suggesting that any issues post-approval could spell trouble for the league. He emphasized the Premier League’s rigorous due diligence and the challenges that 777 Partners may face in passing the so-called ‘smell test’.
The Stadium: Everton’s Potential Salvation
The new stadium is not just a construction project but a beacon of hope for Everton’s future. Wyness highlighted the significant boost in revenue—potentially £50-60 million per year—that the stadium could secure for the club. While acknowledging the stadium’s role in the current complications, he also underscored its potential to be the club’s saving grace.
Everton’s Financial Challenges Persist
In related developments, an expert has revealed a new setback in Everton’s takeover saga, indicating that the club now owes £200 million. This news adds another layer of complexity to the already intricate narrative of Everton’s transition period.
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