• Loading stock data...
Monday, February 10, 2025

Everton’s New Stadium May Exceed Projected Cost of $678M

  • The club initially claimed it had fixed-price contracts in place.
  • Everton could delay construction after it was charged by the Premier League with breaching spending rules.
An artistic rendering of the new proposed Everton stadium in Liverpool.
Everton FC

Everton FC may end up over budget in the construction of its new stadium despite its claims that it has fixed-price contracts in place.

The club, which broke ground on the $678.6 million project at Bramley-Moore Dock in August 2021, released a statement last month saying it was moving to fix costs for the stadium’s contracts — but primary contractor, Laing O’Rourke, is reserving the right to pass on increases in costs of materials and supply-chain difficulties, according to the Daily Mail.

Representatives from Everton clarified that the contract with O’Rourke gave the club guarantees on the minimum and maximum costs based on a set of predefined margins — but the final price of construction is not fixed and is subject to change based on the parameters.

Everton FC owner Farhad Moshiri stands on the pitch at Goodison Park Stadium.

Everton Won’t Be Sold Despite Several Reported Offers

U.K. authorities are reportedly keeping an eye on a potential Everton sale.
March 9, 2023

Last week, the Mail reported that Everton could delay the entire construction process after it was charged by the Premier League with breaching spending rules. The new stadium was initially scheduled to open in time for the 2024-25 season.

It’s not the only potential delta related to the project: In December, Everton announced that it would be pausing the process of finding a stadium naming rights deal.

This is all happening amidst rumors that owner Farhad Moshiri would be selling the club — something he denied earlier this month.

Meanwhile, the soccer team itself is stumbling through a season that has it sitting 18th in the Premier League table.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Super Bowl LIX Defies Trends, Sets U.S. TV Viewership Record

The Eagles’ emphatic title win makes U.S. television history.
Jan 26, 2025; Philadelphia, PA, USA; Washington Commanders quarterback Jayden Daniels (5) looks to pass the ball against the Philadelphia Eagles during the second half in the NFC Championship game at Lincoln Financial Field.

NFL’s Aggressive Flex Scheduling Expected to Reshape 2025 Lineup

Next season’s schedule could include more flexible windows.

Eagles Laid Super Bowl Blueprint, but the Bill Is Coming Soon

Zack Baun and Josh Sweat will be free agents this offseason.
Nov 3, 2024; Philadelphia, Pennsylvania, USA; General view of the inside bowl of Lincoln Financial Field before a game between the Philadelphia Eagles and the Jacksonville Jaguars.

Will Eagles’ Super Bowl Win Spark New Stadium Talks in South Philly?

The Super Bowl champions are considering various facility options.

Featured Today

Brady and Mahomes

Chiefs Fatigue Is Real. It’s Nowhere Near Patriots Hate Yet

People who have covered both teams say the difference is stark.
Nov 24, 2024; Inglewood, California, USA; Philadelphia Eagles quarterback Jalen Hurts (1) celebrates with running back Saquon Barkley (26) after the Eagles defeat the Los Angeles Rams during the first half at SoFi Stadium.
February 7, 2025

How the Eagles Reinvented Championship Roster Construction

Philadelphia is one of the most innovative franchises in the NFL.
February 3, 2025

‘Ultimate Throwback’: The Unimpeachable Cool of Hartford Whalers Gear

Nostalgia and street cred have driven a consistent frenzy for merch.
January 20, 2024; Santa Clara, CA, USA; Kristin Juszczyk, wife of San Francisco 49ers fullback Kyle Juszczyk (44), before a 2024 NFC divisional round game against the Green Bay Packers at Levi's Stadium.
February 1, 2025

The New WAGs: Sports Wives Building Business Empires

Athletes’ wives and girlfriends are bucking stereotypes and cashing in.
Jan 31, 2013, New Orleans, LA, USA; General view of the downtown New Orleans skyline and Benson Tower and Mercedes-Benz Superdome in advance of Super Bowl XLVII between the Baltimore Ravens and the San Francisco 49ers.

The Battle for the Super Bowl: Can New Orleans Still Host the..

New Orleans’s Super Bowl future is up against tough competition from newer stadiums.
February 5, 2025

Rays Receive Blunt Message From St. Pete Mayor: We’re Ready to Move..

More doubt creeps into the MLB club’s already fraught stadium deal.
February 5, 2025

Chiefs’ Ambitious Facility Plans Hinge on Stadium Future

Chiefs consider $425 million training facility as stadium future and brand strategy evolve.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
February 4, 2025

From Parking to Parties: Superdome’s Super Bowl Transformation

The Super Bowl’s corporate-driven hospitality boom leaves fewer tickets for average fans.
January 28, 2025

Commanders Don’t Yet Control RFK Stadium Site. An Architect Has Grand Plans..

Architect Kyle Murphy seeks a “truly national stadium.”
January 27, 2025

Rays Stadium Deal in Trouble: Owner Raises Concerns Over Funding Delays

The MLB club still has concerns about an agreed-to stadium deal.
January 16, 2025

Caitlin Clark Effect Fuels Fever’s New $78M Downtown Training Center

The WNBA club is the latest to develop a new practice facility.