Finance Guru: Everton storm continues with new loans close for Bramley-Moore Dock
We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive columnist. Each week he’ll be giving his views on the biggest talking points at Everton...
Dan Plumley has insisted that Everton are simply adding to the storm that has been brewing at Goodison Park with loans close to being secured for Bramley-Moore Dock.
It was reported on 21 January by the Daily Mail that loan deals are being finalised over the next couple of weeks for much-needed investment for the new site.
The Finance Expert believes that these loans were the only thing that could help Everton get the stadium done in time with the price now over £700million.
“I think it’s indicative with where the club is at with that stadium,” he exclusively told Goodison News.
“It’s obvious there have been many sticking points along the way that has meant that now we’re in a position where it needs to happen, and if it needs to happen, then you can’t often do things how you wanted to do them in the first place, so looking at that, it seems to me that it’s because of the time-sensitive side of it and having to get loans in from a private lender rather than doing it how you wanted to do.
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“Of course, there have been wider rumblings around the club of the deterioration on the pitch and some of the board issues, so it’s part of the storm at Everton over the past few years that has meant that this appears to be the only thing to get it done due to the time of it.”
Farhad Moshiri will be delighted with the added backing that has finally been received for the new stadium, but it only papers over the cracks that are huge now.
Frank Lampard has been sacked this week with Sean Dyche set to come in, and with news about the new stadium, it begs the question, will he still be in charge when that move happens?
Time will tell, the storm is heavier than ever.