Former Everton chief Keith Wyness has claimed the club are set to benefit from a £450million saving on their state-of-the-art new stadium.
The 66-year-old, who ran a football consultancy advising elite clubs after serving as CEO at Goodison Park from 2004 to 2009, stated it would be a “completely different picture” for the Toffees if they were “stuck” at their old ground in future years in an interview with Football Insider’s Inside Track podcast.
The 52,888-seat stadium that Everton will build, which is estimated to cost approximately £750 million, is anticipated to be finished in late 2024, in time for the Merseysiders to move in for the 2025–2026 season.
Wyness has already stated, in an exclusive interview with Football Insider, that the new stadium will be “spectacular” and boost the team’s earnings by £50-£60 million annually.
£450m stadium saving is ‘one big positive’ for Everton, says Wyness
Everton, who has been fined points for their first infraction and accused with two violations of the Premier League’s Profitability and Sustainability Rules, is facing financial instability as they begin building.
“The good news is that the fixed price contracts that were put in place mean the price of construction for the stadium will be fairly reasonable, compared to what it is today,” Wyness said on Football Insider‘s Insider Track podcast.
“You’re looking at an expenditure of £1.2 billion to look at a project like this now.
According to what I gather, the price will be less than £800 million, most likely closer to £750 million.
“There is already a more valuable asset. That’s a significant plus.
“It would be a whole different story if we were stuck at Goodison Park with our debts.”
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