Everton fans can expect “incredible” owner Farhad Moshiri to fund three more years of mega-money signings before the club move to an expensive new home.
That is according to finance guru and new Football Insider columnist Kieran Maguire, speaking exclusively after the £500m Bramley Moore Dock Stadium was recommended for approval on Monday.
Liverpool city council is expected to give Everton the go-ahead to begin construction, with the 52,000-seater arena potentially opening as early as the 2024-25 campaign.
🏟 | A stadium update to all fans from our CEO.#EFC 🔵
— Everton (@Everton) February 15, 2021
Majority shareholder Farhad Moshiri’s ambitions are well-documented and have been fleshed out by the recent Hollywood acquisitions of James Rodriguez and Carlo Ancelotti.
And Maguire predicts that will Moshiri keep the money flowing until Everton are able to move in a more self-sufficient direction.
He told Football Insider correspondent Adam Williams: “I still think Farhad Moshiri is going to continue to keep dipping his hand into his pocket, for the next three seasons, assuming the stadium opens in 2024-25.”
“This is a step in the right direction. The gap between Everton and other clubs in the Premier League in terms of matchday income was acting like an anchor in terms of the club’s ambition.”
“Moshiri has been incredibly generous in terms of his investment in the club. But Everton’s matchday income is £12million. You compare that to Manchester United and you’re looking at £110m, Spurs £120m, Arsenal close to £100m, it’s a big gap to make up each season.
“You add on top of that those clubs are already in Europe, which is worth up to another £100-150m. This will not reduce that gap to zero because Everton are not yet playing in the Champions League or Europe on a regular basis.
“But it will help to narrow the gap and more importantly it will create a gap between them and their present peer group, the likes of Leicester, possibly West Ham, Newcastle, those clubs that are capable of getting decent crowds in.
“The way that the stadium is designed will be very attractive to commercial partners, the hospitality packages and things of that nature which are high ticket value.”
Everton have played at Goodison Park since the club’s formation in 1892.
The iconic ground has hosted more top-flight matches than any other stadium in England.