Everton agree £350m stadium deal and could save millions ahead of move into new home

EVERTON have agreed a new financing package for their Bramley-Moor Docks stadium.

The Toffees have shook hands on a £350m funding deal that restructures the lending used to build their new home.

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Everton have agreed a £350m financing package for their new stadium[/caption]

Everton, who are due to move into the new ground at the start of next season, have agreed the changes in what is thought to be a multi-decade deal.

It’s understood that the agreement could save Everton millions down the line, with the remaining debt on the 52,888-seat stadium simplified from its previous complex and expensive arrangements.

The Merseyside outfit have told of “competitive terms beneficial to Everton”, in statement announcing the changes spearheaded by new owners The Friedkin Group.

TFG have secured lower interest rates on the loans than what had been previously agreed by former owner Farhad Moshiri.

The £350m funding has been agreed with “a consortium of blue-chip institutional lenders”, according to the club.

Everton’s statement said: “The financing is part of The Friedkin Group’s commitment to strengthen and stabilise the Club to provide the foundations for on-pitch success.”

The Toffees got the keys to their new home in December and have since held their first of three test events before their big move next season.

Some 10,000 fans attended the ground to watch Everton’s U18s take on Wigan’s U18s on the waterfront.

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The second test event will take place later this month, with 25,000 fans set to attend an U21s game.

Work still continues on the £760m project as premium lounges and bars continue to be fitted in the finishing touches to what will be the Premier League’s sixth largest stadium next term.

Everton will be waving goodbye to the iconic Goodison Park at the end of the season – home to the club for over 130 years.

Returning boss David Moyes is going a great job at giving the ground a proper send off too.

Everton have lost just one of their eight Premier League games since Moyes returned to the dugout.

While the Scot has lifted them from just two points clear of the drop zone to some 15 points ahead of 18th placed Ipswich Town.

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David Moyes has turned things around for Everton this season[/caption]