Everton takeover: Bramley Moore Dock stadium stake sale on the cards, club confirms
Everton CEO Colin Chong has confirmed that a sale of a stake in the Bramley-Moore Dock stadium is on the cards.
Speaking at the EFC Shareholders’ Association meeting on Friday, 19 April, Chong admitted that the controlling stake and the majority of the stakes will be held with the club.
This comes as he offered an update on the 777 Partners takeover and explained the “minded to approve” status.
Everton takeover could see long-term stadium ramifications
The risks involved in selling a stake in a stadium that is not yet built are multifaceted and can have long-term implications for the Toffees.
Firstly, the immediate financial benefit of selling a stake might be attractive, especially in cases where the club is facing financial challenges, but it could lead to a loss of control over the stadium’s operations and future revenue streams.
This is particularly concerning if the stake is sold to an external investor with different priorities or business interests, which might not align with the club’s long-term vision.
The sale of a stake in a not-yet-built stadium could potentially compromise the club’s financial stability in the future.
Stadiums generate significant revenue through various channels such as ticket sales, concessions and events.
If the Toffees do not retain a significant enough stake, they could miss out on a substantial portion of these revenues, which are crucial for the club’s sustainability and competitiveness.
Moreover, the sale of a stake could also impact the club’s ability to leverage the stadium as collateral for future financial needs and seems like a pretty bad idea altogether.
In other Everton news, a senior player may never start for the club again after the Chelsea loss and is now very likely to leave in June.
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