Everton snubs £30m combined authority stadium loan
Metro mayor Steve Rotheram confirmed that the club has secured private sector funding for its 53,000-capacity ground at Bramley-Moore Dock and no longer requires the loan.
Everton FC will still use a £15m grant from the Liverpool City Region Combined Authority, aimed at restoring heritage assets on the site.
Last September, the combined authority approved the £15m grant and £30m loan for the stadium project, believing it would be “the catalyst for the transformational regeneration of communities across North Liverpool and South Sefton”, Rotheram said.
Everton would not disclose where the alternative funding was coming from or how much it was worth when contacted by Place North West.
Construction of the £500m stadium is underway but a potential £30m naming rights deal with Russian company USM has been suspended amid the ongoing conflict in Ukraine.
The club said the stadium’s construction programme is unaffected.
Everton also suspended commercial ties with two other Russian firms, Yota and Megafon, both part of the USM Group in which Russian billionaire Alisher Usmanov owns a 49% stake.
Everton is not the ony football club to cut ties with Russian companies due to the Ukraine conflict. Manchester United terminated a £40m sponsorship deal with airline Aeroflot while German side Schalke cut ties with shirt sponsor Gazprom.