Everton have secured a building permit for a £ 500million ($ 705million) capacity stadium in the Liverpool docks as they seek to compete with the Premier League’s ‘Big Six’. The club, which currently play at Goodison Park, have been England champions nine times in their illustrious history but have not won any money since 1995.
President Bill Kenwright hailed “the very important step” in the Toffees’ ambition to be a constant challenger to Merseyside rivals Liverpool, Manchester United, Manchester City, Chelsea, Tottenham and Arsenal.
Goodison has been the club’s home since 1892, but it has a capacity of less than 40,000 people and outdated facilities.
Everton are hoping their new stadium on the River Mersey will boost their income in the long run.
The plans adopted by Liverpool City Council have yet to obtain national government approval.
However, if there are no objections, the club would look to start working in the coming months, with a view to bringing the 2024/25 season forward.
Everton are fighting for a Champions League berth next season. They are seventh in the Premier League, five points behind the top four with one game underway.
On Saturday they beat Liverpool away for the first time in 22 years.
“While today is just one more stop on our long journey, it is a very important stop,” said Kenwright. “It has been a good week for Everton and Evertonians.”
The club have said the stadium and a multi-purpose redevelopment at Goodison could generate a £ 1.3bn boost to the local economy and create 15,000 jobs.
The new site would be licensed to host music concerts and provide conference facilities.
General manager Denise Barrett-Baxendale wrote in an email to supporters that the new stadium would provide state-of-the-art facilities for the “ambitious” club and boost the local economy.
Everton’s 2020 turnover of £ 186million took them to 17th place in Deloitte’s Football Money League, but they have suffered heavy losses in the past two seasons due to player spending and the impact of the coronavirus pandemic.
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