With the confirmation of starting the construction of the new Everton stadium at Bramley Moore Dock site later this month, Toffees are optimistic enough to predict a 52,888 capacity stadium by 2024.
The Goodison Park has seen a sharp decline in spectators after the implementation of ''all-seater rules'' in the Football League back in 1990, taking the number from a high of 53,419 to 39,414 over the period of three decades. The aging infrastructure added with huge spending after short-term renovations were barely making the edge for the old stadium.
A new agreement was sealed for the land and finance deal with the Liverpool council for a new stadium at Bramley Moore Dock back in 2017 in the plans of boosting the brand value and supporter accommodation of the club.
Everton fans will surely have some good time mulling over the thoughts of backing up their team on matchdays in the near future, as an exclusive interview from Football Insider columnist Kieran Maguire confirmed that the club is about to begin work on the stadium site on July 26th.
The Toffees will officially get to take possession of the new site and immediately get to start working on its 52,888 capacity stadium.
This landmark project for the club will be more than capable to accommodate its core supporters as well as bring in a new wave of fans and big-money spenders once the stadium opens its curtains in 2024.
The improved corporate facilities and hospitality boxes can result in a boost in their revenue in those sectors as the brand value of the club will see a rise alongside its stadium facilities, and they can sell those packages at a much higher rate when the stadium opens.
Kieran Maguire expects the Liverpool-based club to price their tickets cheaper for the loyal fans as they are renowned for their strong relationship with the local community.
The shift from Goodison Park will set an increase of 13,316 seats which will initially see a good boost in the already impressive season ticket sales from the fans as the club already made a record renewal of 30,500 season tickets last season with a renewal rate of 98%.
It is expected that the new stadium is going to follow a bowl design constructed of steel and glass.
In the case of financing, securing new brand deals and stadium naming rights with USM worth £30 million in January 2020 will help the club to worry less about the massive £500m cost of the stadium as they are already in a sub-leasing deal with the SPV for 40 years.
According to various reports, Farhad Moshiri pumped in around £100m towards the project in addition to the naming rights deal funded agreed with USM holdings last year. A few private sources are also on the cards for the clubs as yet more details are to be issued to the public for additional funding.
As for the current Goodison Park Stadium, Everton has its own plan about the current marker of the club as the Toffees announced ''The Goodison Park Legacy Project'' in April of 2020. This project will allow the club to build on the work of its official charity.
This initiative could include high-quality and affordable housing, a multi-purpose health centre, community-led retail spaces, a youth enterprise zone, and office and business facilities along with green space.
Everton said that the developments would help kick-start the regeneration of the northern docklands, contribute £1bn boosts to the city region's economy, create up to 15,000 jobs, and attract 1.4 million visitors to the city each year and deliver an additional £237m of societal value.
With all those initiatives circulating around the establishment of the new stadium, it can be said that Everton is up for a huge leap in the financial race among the top clubs of the league for the future years to come.
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