Keith Wyness, former Everton chief, has announced that the club is poised to save £450 million on their state-of-the-art new stadium. In a recent interview on the Football Insider’s Inside Track podcast, the 66-year-old, who was CEO at Goodison Park from 2004 to 2009 and now advises elite football clubs, stated that the Toffees would be facing a “completely different picture” if they were to remain at their old ground in the coming years.
The new 52,888-seater stadium, expected to cost around £750 million, is scheduled for completion in late 2024, with Everton moving in for the 2025-26 campaign. Speaking exclusively to Football Insider, Wyness confidently asserted that the new stadium would be “spectacular” and would significantly boost the club’s revenue by £50-£60 million per season.
The financial uncertainty surrounding 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, makes the £450 million stadium saving a major positive. Wyness emphasized that the fixed price contracts in place for the stadium construction will result in a reasonable construction cost, estimated to be under £800 million, potentially even closer to £750 million.
He highlighted the fact that the stadium will already be an asset with greater value, providing a significant advantage given the club’s current debts. In light of these developments, it appears that a defender at Everton has no future at the club as new details emerge under the management of Sean Dyche.
