£100m Bramley-Moore Dock update emerges amid Everton takeover development

A £100million more is likely to be needed to finish the construction of the new Everton stadium at Bramley-Moore Dock, according to the Athletic.

The media outlet reported on 10 May that along with that, the new owners will also have to fund the period between the club moving out of Goodison Park to their new home ground.

This comes amidst the backdrop of 777 Partners’ financial woes with them now given a one-in-a-thousand chance to complete the takeover.

The report reads: “We could also call this the “waiting in the wings” scenario: who would buy Everton if 777 got out of the way?

“The rationale for this theory is that nobody is making clubs like Everton any more, with their proud history, large fanbase, Premier League status and almost finished new home, which does look amazing. As some have put it: “What’s not to like?”

“There are a few problems with this pitch, though. “For starters, construction at Bramley-Moore Dock is ongoing, so perhaps £100million is needed to finish the stadium and then fund the period between Everton moving out of one home and into the other.”

Finding the ideal owner will be a major challenge for Everton

Acquiring the right owner for the club is poised to be a significant challenge, particularly due to the financial and operational hurdles the club faces.

The club’s need for approximately £100million to complete the construction of their new stadium at Bramley-Moore Dock and to fund the transition period from their current home to the new location adds an immense financial burden.

The situation is further complicated by the current owners’ financial woes.

With 777 Partners facing financial difficulties and being given a slim chance to complete the takeover, the search for an alternative buyer becomes more urgent.

However, potential buyers may be deterred by the club’s significant debt, which has been used to finance the new stadium construction.

Moreover, finding an owner who can not only provide the necessary financial support but also has the vision to steer the club back to success on the field will be crucial.

The new owner must navigate the club’s financial constraints while also ensuring the Toffees can compete in the Premier League and potentially return to European competitions.

This will require a delicate balance of investment in both infrastructure and the playing squad, without breaching financial fair play regulations.