When will Everton's new stadium be ready? Kevin Thelwell reveals financial truth behind one of world's "finest sporting arenas"
Kevin Thelwell insists that Everton's new stadium will help the club continue to compete at the top level.
The Toffees will move to the ground that is located at Bramley-Moore Dock for the start of the 2025-26 season. Work is set to be completed by the end of this year Everton have decided not to make the switch mid-season.
There's plenty of excitement around the move, although costs of £750 million have put 'significant pressure' on the club. The Blues were hit by a 10-point deduction for breaching Premier League profit and sustainability rules in 2021-22 - although an appeal hearing has now finished. Everton are also facing a second charge for an alleged breach in 2022-23.
In a message to supporters via the club's website, director of football Thelwell insists the switch to the new 52,888-seater stadium will benefit significantly in the long term.
Thelwell said: "Later this year, Laing O’Rourke will hand over the keys to the first stadium our club has built in more than 130 years. One of the finest sporting arenas in the world of football, it is a project that has placed significant pressures on the club - not helped by unprecedented and unforeseen circumstances.
"But by pressing on and remaining focused on the vision - and its delivery - despite the hurdles, we know our club will benefit from far greater levels of freedom to develop our squad and footballing operation, whilst complying with the strict financial regulations, in the future.
"That is the boost to our footballing future the stadium will provide, thanks to the commercial sea change it will bring. Indeed, without the stadium, there simply would be no way for us to compete at the level this Club has become synonymous with since it was formed in 1878."