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Everton Secures £350m Refinancing Deal for New Stadium

The Friedkin Group's agreement with institutional lenders significantly reduces debt costs and strengthens the club's financial stability.

Everton’s new ground officially opens next season
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Soccer Football - Premier League - Everton v Newcastle United - Goodison Park, Liverpool, Britain - October 5, 2024 General view of a Everton flag inside the stadium before the match REUTERS/Phil Noble/File Photo

Overview

  • Everton's new £350m refinancing package replaces high-interest loans used to fund the construction of the Bramley-Moore Dock stadium.
  • The deal, arranged by The Friedkin Group with blue-chip lenders like JP Morgan, will save the club over £50m annually in debt repayments.
  • The 52,888-capacity stadium, set to open next season, has already hosted its first test event with 10,000 fans attending an under-18s match.
  • The Friedkin Group, which acquired Everton in December, aims to stabilize the club's finances and support future investments in the first-team squad.
  • The stadium is expected to generate £1.3bn in economic value for Liverpool and will host matches during the UEFA European Championship in 2028.