Everton hit with major new stadium blow with doubt on club ‘ability to continue’

EVERTON have failed to secure funds for the next phase of their Bramley-Moore Dock stadium.

And that has prompted fears over whether the club can complete its £760million construction.

The Toffees’ ownership situation is in limbo, with 777 Capital Partners waiting to discover whether they will be given the green light to take over.

In the meantime, current owner Farhad Moshiri has not yet managed to get the necessary funding to finish  building.

The club accepted an offer from 777 in September —  but the deal has still not been signed off after seven months.

Everton are due to move into their state of the art ground in time for the 2025-26 season.

Moshiri is in talks with a number of lenders, with fresh accounts for the new project admitting: “The club is continuing negotiations to secure the next stage of funding for the Bramley-Moore Dock development . . .

“Various options are being explored, however, the club has yet to secure legally binding facilities as at the date of approval of the financial statements and this facility is not yet guaranteed.

“The board are confident that funding will be secured or refinanced.

"However the directors acknowledge these uncertainties may cast significant doubt on the entity’s ability to continue as a going concern.”

Everton Stadium Development Limited has debts of £539.1m —  up from £283.1m the previous year.