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'Dangerous' Bramley-Moore Dock twist on cards at Everton - Finance Expert
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 selling Bramley-Moore Dock stadium would be “dangerous” for Everton and their future after new suggestions.
It comes after The Athletic reported on 3 November that selling all or part of the new stadium could be a good way to fund the remaining costs of the build, which are rising.
The finance expert admitted that you always want to own your stadium as a club, so you can also own the future revenue generation to come down the line, with multiple examples of this going wrong.
“I think dangerous in the long run is the way I would term that,” he exclusively told Goodison News.
“As a club, you want to own your own stadium, and we’ve seen countless examples of where that has gone wrong for other clubs in the past, linked to the football regulations as much as anything.
“As a general principle, you want to own your own stadium to be able to own all of the revenue generation and future potential that you can benefit from that stadium.
“Whilst it may be the case as a short-term measure it could be a way to secure some funds that would get it over the line or would boost the cash position in the short term, longer term, I think that’s a risky strategy to employ. If you’ve gone to the length of building that stadium, then as a club, you want to own it in the future.”
In other Everton news, new Bramley Moore Dock concerns could lead to added costs for the Toffees