Everton: Balance Sheet shows a decline in borrowing, Stadium Site Identified, Investment priority
Everton Chief Executive Officer Robert Elstone has announced at the club AGM that the club have identified a new site for the proposed new stadium but says that he can’t name the site at the moment. Speculation is doing the rounds that the site is Walton Hall Park, but Elstone is unable to comment on speculation at the moment.
Mr Elstone also confirmed that the club will face a debt burden if the stadium does go ahead, but confirmed that they will seek an “Exceptionally good” naming rights partner to help ease the financial woes. He went on to say that the fans would be kept right up to date with ongoing news and issues on the stadium.
Mr Elstone also confirmed that the club has the 12th highest wage bill in the Premier League and that balance sheets show that there is a decline in overall borrowing. Mr Elstone says that the current squad is valued at £170m
More to come from the AGM….
What do you make of the clubs AGM news? Comment below or have your say on our AGM thread on our forum here: http://www.theevertonforum.co.uk/forum/threads/everton-agm-underway.19555/#post-504489