Everton insists claims will not affect funding or completion of new stadium

Everton It claims the club’s charges against alleged violations of profit and sustainability rules will have no effect on the financing or completion of their new Bramley Moore Dock stadium.

on Friday, Premier League Refer the club to an independent committee to determine whether the loss of £371.8 million over the three year permissible £105 million is in breach of financial rules.

The club said it would “resolutely defend its position” after working closely with the Premier League over the past few seasons.

Everton are set to release last season’s accounts this week, with the PA news agency reporting a significantly lower loss than the £121m for its 2020-21 campaign, a season heavily impacted by the Covid-19 pandemic. I understand what you are showing.

Despite this, however, sources stress that there will be no ramifications for the club’s major infrastructure projects.

Around £200 million has already been spent on new ground on the banks of the Mersey, with the major concrete structures for all four stands completed last week.

It is understood that around £350m more will be needed to complete construction for the club to move in during the 2024-25 season, but the club is confident there will be no delays at the stadium.

owner Farhad Mosiri US bank JPMorgan Chase and Mitsubishi UFJ The search was led to offset some or all of the remaining costs, and negotiations were held with New York-based investment firm MSP Sports Capital, but the billionaire will fund the project himself. There are also options.

It is understood that the Club has no concerns about funding or the implications for potential investors as a result of being indicted for allegedly violating the Profit and Sustainability Rules.