Everton land sensational £450m boost – ‘good news’, says Wyness
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.
Speaking on the new edition of Football Insider’s Inside Track podcast, the 66-year-old – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – claimed it would be a “completely different picture” for the Toffees if they were “stuck” at their old ground in future years.
Everton’s new 52,888-seater stadium, which could cost around £750million, is expected to be completed in late 2024 ahead of the Merseysiders moving in for the 2025-26 campaign.
Speaking exclusively to Football Insider, Wyness has already claimed the new stadium will be “spectacular” and will increase the club’s revenue by £50-£60million per season.
£450m stadium saving is ‘one big positive’ for Everton, says Wyness
The construction is set against a backdrop of financial uncertainty at Everton – who have been charged with two breaches of the Premier League’s Profitability and Sustainability Rules and handed a points deduction for their first transgression.
Wyness told Football Insider‘s Insider Track podcast: “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.
“To look at a project like this today, you’re looking at an outlay of £1.2billion.
“As I understand it, it’s going to cost under £800million and probably closer to £750million.
“Already there is an asset with greater value. That is one big positive.
“If we were stuck at Goodison Park with the debts we have, then it would be a completely different picture.”
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