Bramley-Moore Dock twist emerges as Everton finances could change – Finance Guru
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 sporting jeopardy has the real ability to change the finances at Everton as they look to complete the Bramley-Moore Dock stadium.
The finance expert admitted that the new stadium was right to future-proof the club, but the constant threat of relegation in recent seasons has threatened that progression.
Farhad Moshiri is still looking for investment, with MSP Sports Capital still not being confirmed as a minority stakeholder in the club after months.
“The stadium is the right thing to do for the future-proofing of the club,” he exclusively told Goodison News. “Nobody is questioning that, but it is a big capital investment project.
“There was always going to be bumps along the road, there was always going to be large levels of debt attached to it, Everton has really struggled to get to a position whereby they can manage that situation.
“You then have the other side of it, where relegation has been a real threat, that would have been catastrophic for the finances. You’ve had a fairly poor financial situation due to overspending and there are issues with investors and current owner, and the amount of money people are willing to give to the project.
“That is the real danger, that sporting jeopardy has the real ability to change the finances around while you’re still trying to invest in infrastructure and grow, and the back story with the finances as well.”
In other Everton news, Bill Kenwright had written a new resignation letter for the club before a new twist