Everton’s plans for a new 53,000-seat stadium have been approved by the government, the club revealed on Friday, marking a significant move forward in their quest to contend with the Premier League’s “Big Six.” The project is expected to cost £500 million ($690 million).
The Club statement read: “The decision to approve a new 52,888-capacity waterfront arena allows the club to complete its agreed acquisition of the site… and the funding solution for the project, ensuring the club can begin to make the plans a reality.
“It is estimated that the stadium development and plans for a Goodison Legacy will deliver a 1.3 billion pound boost to the economy, create more than 15,000 jobs and attract 1.4 million new visitors to the city.
“On such a momentous day, the football club would like to thank every Evertonian, along with the many organisations, the tens of thousands of people across the city region and the team of dedicated staff who have played a vital role in ensuring the club reached today’s milestone.”
The club’s 2020 turnover of 186 million pounds put them 17th in Deloitte’s Football Money League, but they have lost a lot of money in the last two seasons due to player expenses and the coronavirus pandemic.