Everton FC chief insists: We can finance new stadium

Sep 10 2009

By Bill Gleeson, Liverpool Daily Post

EVERTON chief executive Robert Elstone has insisted that the economic downturn would not prevent the football club raising the money needed to pay for its new stadium at Kirkby. Speaking during yesterday’s Liverpool Daily Post’s online television programme, The Business of Football, Mr Elstone said the £78m that Everton had to find would come from a variety of sponsorship and naming rights deals, as well as the proceeds from the sale of the club’s current home at Goodison Park and now disused training ground in West Derby. Mr Elstone added that, 12 months ago, he felt it would be “challenging” to build the new ground within the original £130m budget, but current economic conditions had made construction costs cheaper, and that budget was now a realistic prospect. Full story at Liverpool Daily Post website - click here