Everton’s new stadium three months behind schedule, £760m costs to increase

Everton’s new stadium is unlikely to be ready for the start of the 2024-25 season, according to the Guardian.

The Toffees had planned to finish the construction of the 52,888-seater stadium at Bramley Moore Dock in 150 weeks.

Eighty-five weeks have passed since work began, but Everton are three months behind schedule.

Experts in stadium construction believe the latest update the club gave last weekend suggests things have not gone according to plan.

The Bluess’ majority owner Farhad Moshiri believes around £760 million is needed to complete the new stadium.

However, the costs are expected to increase if they do not finish on schedule.

The upper west stand terrace is yet to be completed.

The steelwork, which will allow the upper terrace on the east stand to be constructed, has not been installed.

According to drawings submitted as part of the planning process, the upper terrace of the east and west stands should have been in place by week 75.

The installation of the roof structure should also have commenced.

Everton will likely spend the first half of 2024-25 at Goodison Park at this rate.

The club are currently being investigated for exceeding Financial Fair Play limits.

Investors and funding partners are reportedly reluctant to commit until the matter has been resolved.

It is not likely to be solved soon, and they could end up being behind schedule for over three months.

The Merseyside club are paying for years of woeful financial decisions in the transfer market.

They have struggled on the pitch as a result, and it has extended to other areas.