Everton FC has agreed long term financing for its new stadium on Liverpool’s waterfront.
The funding, totalling £350m, is from a consortium of blue-chip institutional lenders, refinancing borrowing that supported the completion of the 52,888-capacity Everton Stadium at Bramley-Moore Dock.
The offering was oversubscribed multiple times, ensuring competitive terms beneficial to Everton, the club said.
The financing is part of new owner The Friedkin Group’s commitment to strengthen and stabilise the club to provide the foundations for on-pitch success.
As well as providing a new footballing home for Everton, the stadium will be a multi-purpose venue and cultural asset for the city of Liverpool, which is estimated to generate an additional £1.3bn of value for the local economy.
The stadium, which has cost around £760m to build, has already been selected as a host venue for the UEFA European Championship in 2028, with a strong pipeline of additional revenue-generating non-football events in the works.
Everton received the keys for its new home last December, just days after the completion of a takeover by The Friedkin Group, following the departure of former majority shareholder, Farhad Moshiri.
The first of three test events was held successfully at the stadium on February 17, with Everton’s Under-18s hosting Wigan Under-18s in front of 10,000 fans, in line with planning requirements.
A second is planned later this month, with a 25,000-capacity crowd, before a third, welcoming a full capacity, before the end of the current football season. The events are required to achieve a safety certificate for the ground.
The fit-out of premium lounges and bars is now taking place, in advance of a formal opening for the start of the 2025/26 season.
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