Alan Myers has claimed that Everton could actually be £100 million ‘in credit’.
Taking to his Twitter, the Sky Sports journalist shut down rumours that the club have no money by suggesting that they have instead overpaid for the new stadium so far.
Everton’s new Bramley-Moore Dock stadium is expected to host football for the start of the 2024/25 season, with the Toffees currently playing their final campaign in Goodison Park.
While there is big excitement around the new stadium after 131 years on Goodison Road, there has also been a lot of concern around the cost.
Farhad Moshiri has struggled to afford the running of the club and the building of the new stadium on his own and has had to take in loans so far, while he will now look to pass over the responsibility to 777 Partners.
However, there are also major doubts over whether the Miami-based investment firm can afford the extra cash included for the stadium to complete the takeover, as well as all of Everton’s debts.
Has the Bramley-Moore Dock stadium got Everton in trouble?
Various reports have recently suggested the Toffees have completely run out of money and could potentially go into administration, however Myers has now reported that they are actually £100m in credit.
Writing on his Twitter account, Myers said: “I believe we are around £100m in credit on the stadium project.
“It’s what I’m told by someone who would know, just really contrary to reports that the club don’t have the money.”
Everton’s financial situation is all a bit up in the air, but it seems very clear that they are struggling given the lack of cash injection during the summer transfer window.
The stadium is playing a huge part in the club’s struggles but it could become a big boost once over 50,000 fans are able to get inside it every week. However, Everton will have to avoid relegation if they are to reap the benefits fully.
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