By Kieran Maguire

4th Nov, 2022 | 8:51am

Kieran Maguire issues £20m reveal after Everton source's reveal - 'this is a big gap to fill'

Everton are looking to plug a £20million gap in annual sponsorship income left by Alisher Usmanov’s enforced exit – and their new stadium will be a major boost towards this end.

That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about the latest details regarding the Toffees’ move to Bramley-Moore Dock.

The 52,888-seater stadium is due to open ahead of 2024-25, providing precious extra matchday income for a club that has posted losses of £370m over the last three financial years.

A source told Football Insider on Thursday (3 October) that the Merseysiders will be permitted to host up to four major non-football events per year at the arena.

Boxing matches and music concerts are listed by the club as potential sell-out occasions.

Maguire explained why this will be a major boost to Everton in the wake of Usmanov’s departure, with the Russian oligarch forced to cut ties with the club because of UK Government sanctions.

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Everton have had the highest commercial income of the non-Big Six clubs for the past few years,” he told Football Insider’s Adam Williams.

But the main driver of this has been the club’s unusually close relationship with companies controlled by former colleague of Farhad Moshiri, Alisher Usmanov.

They generated £46.5m from commercial activities in 2020-21. Probably around £20m of that was coming from Usmanov-related sponsorship. Clearly, that is a big gap that needs to be filled.

The move to the new stadium will allow Everton to swear the asset and provide a range of facilities that can generate revenue all year round.

Although the club has some impressive facilities, they currently pale into insignificance compared to some of their peer group.

In other news, pundit can’t believe Idrissa Gueye controversy as new footage analysed at Everton.