Everton insist the club’s charge for an alleged breach of profit and sustainability rules will have no impact on the funding or completion of their new Bramley-Moore Dock stadium. On Friday, the Premier League referred the club to an independent commission which will rule on whether three-year losses of £371.8million, above the £105m permitted, breached financial regulations.
The club have said they will “robustly defend its position”, having worked closely with the Premier League over the last couple of seasons.
This week, Everton are set to publish their accounts for last season and the PA news agency understands they will show significantly lower losses than the £121m for the 2020-21 campaign, a season hugely impacted by the coronavirus pandemic. But, regardless, sources have stressed there will be no knock-on effect on the club’s major infrastructure project.
About £200m has already been spent on the new ground on the banks of the River Mersey, with the primary concrete structure for all four stands completed last week.
Roughly another £350m is required to complete the build in order for the club to move in during the 2024-25 season but it is understood the club are confident there will be no delay to the stadium.
Owner Farhad Moshiri is looking for external investment, having retained American banks JP Morgan Chase and MUFG to lead the search, to offset some or all of the remaining costs and there have been negotiations with New York-based investment firm MSP Sports Capital but the billionaire also has the option of funding the project himself.
It is understood the club have no concerns about the impact on funding or potential investors as a result of the charge for an alleged breach of profit and sustainability rules.
Premier Technical Services Group Ltd (PTSG) has been awarded a contract by Everton FC to deliver access and safety equipment and systems at the club‘s new £500 million stadium at Bramley-Moore Dock.
Under the contract, which started this month and runs until the summer, PTSG Access & Safety will provide safe access to the lower flat roofs by providing almost a kilometre of aluminium free-standing guardrail to the perimeters for general maintenance access, with the added protection of Latchways ManSafe beyond the line of the guardrail to provide safe access to areas beyond the protection of the guardrail.
“The Toffees’ confirmed plans to leave Goodison Park – the club’s base for 130 years – in July 2021. Building began on-site at Liverpool’s Bramley-Moore Dock the following month, and the stadium is due to open for the start of the 2024–25 football season.
Bramley-Moore is a former commercial dock that lies behind locked gates next to a wastewater treatment plant, and the new stadium will become the heart of a new mixed-use development in the area containing shops, housing and other venues.
Post by Everton News. on Apr 11, 2023 10:26:45 GMT
The first low-level raker beams to reach ground level at Everton Stadium have been installed.
The steelwork, which supports the concrete terracing, has been bolted into both corners of the north stand.
The work coincides with the de-jacking of the blue, vertical hydraulic support trestles, which have served their purpose in holding up the roof trusses until fully installed and self-supporting.
The removal of the two, taller trestles will allow for the remaining low-level raker beams to be installed across the length of the north stand, in preparation for the terracing to extend down to ground level.
Terracing will also be infilled in the existing gaps of the lower tier of the north stand, once the two shorter support trestles and platforms are dismantled.
That process will then be replicated in the south stand - once the two, remaining roof-truss lifts for the third and final full-span truss are installed - to complete the terrace installations at both ends of the new stadium.
Meanwhile, on the west stand, steelwork is now visible as the roof barrel begins to take shape. The ‘A frames’ are being assembled at ground level before being bolted into place on the roof, where the curved shape is already becoming evident.
Eventually, cantilevered roofing will sit on top of this and extend out over the west stand, supported by the roof barrel steelwork.
Again, that process will soon be replicated in the east stand, where the upper tier raker beams are already extending across the roof in preparation for the stadium’s final terracing.
Preliminary internal fit-outs are now well underway in three levels of the west stand and two in the east stand.
Soffits are being fixed to the roofs on those levels, along with stud walls and room partitioning, while pitch-facing glazing is currently being installed on the mid-levels of the west stand.
Externally, excavations continue at ground level, in the space between the east stand and Hydraulic Tower, for the installation of two giant underground tanks for the harvesting of rainwater.
This space will eventually house two subterranean tanks, which will sustainably collect rainwater to be used across the stadium, for example in flushing toilets.
Finally, on the western terrace, the foundations are in for the sub-station that will provide utilities to the site, and the outside television broadcast compound.