By Joe Ellis

13th Apr, 2022 | 7:40pm

Everton investigation ordered over new stadium loan fees

Everton appear set to be placed under investigation over loan fees paid to them for the construction of their new Bramley-Moore Dock Stadium, according to the Liverpool Echo.

The 52,000-seater, which is still under construction, was set to be the start of a new and profitable era for the Toffees but the latest claims from commissioners suggest otherwise.

Liverpool council have been blasted with “failure of governance” over a possible agreement with the Blues over their new home.

“The local authority has been ordered to conduct an investigation into how it incurred “significant expenditure” to investigate the possibility of a loan to Everton FC as the club sought funding options for its new ground over a three year period,” the Liverpool Echo report.

The commissioner’s review, as quoted by the Liverpool Echo, says: “The Council incurred significant expenditure to investigate the possibility of a loan to EFC without any formal council approval and without any budget provision approval. The council failed to adequately manage costs, some of which are now irrecoverable.”

Pile on

The off-field problems seem never-ending at Everton right now and that doesn’t even include the troubles on the pitch either with a Premier League relegation battle to fight.

If these investigations, if carried out, do find the club guilty in any way then the financial loss could be astronomical and put a huge dent in the hopes of the team succeeding.

The Toffees may have spent more than the vast majority of clubs in Europe over the past few years but if they are punished, then Frank Lampard can kiss a lot of his potential transfer budget goodbye.

The new stadium at Bramley-Moore Dock should have been where Everton went from being a mid-table Premier League side to one that challenges for Europe but it has brought about more than its fair share of problems.

And it isn’t even finished yet, it’s nowhere near in fact. Farhad Moshiri is, hopefully, beginning to realise that throwing his money around like a frisbee isn’t going to last forever and a more sustainable club can be built sooner rather than later.

In other Everton news, the club are sending scouts to watch a player with a rather ironic name.

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