Everton may be hit by additional costs after Bramley-Moore Dock concerns – Finance Expert
We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive columnist. Each week he’ll be giving his views on the biggest talking points at Everton
Dan Plumley has insisted that any delays on the Bramley-Moore Dock stadium build will result in additional costs for Everton and Farhad Moshiri.
The Daily Mail reported on 31 July that there are concerns over the potential move-in date, with pictures showing there is plenty of work to be done – despite Everton insisting work is on schedule.
The finance guru admitted that anything that runs over a time budget, will then lead to it running over the financial budget, with the club not realising the potential benefits of moving in sooner.
“Anything that runs over a time budget inevitably runs over a financial budget as well,” he exclusively told Goodison News.
“We’ve seen this again with Everton and that will be the main issue, you want to get into that new stadium as quickly as possible to start generating the extra revenue you can get, but any time delay from getting into it, just means additional costs all around.
“You are then not realising the benefits as quickly as you will have hoped, so that is always the main factor, any delay on a time aspect is going to run into extra payments and an extra cost.”
This was always going to be a concern for Moshiri as he continues to look to finalise outside investment from MSP Sports Capital, something which is still yet to be confirmed.
Everton have insisted that work remains on schedule, so that has to be believed until an official update saying otherwise emerges as the new stadium starts to take shape.
In other Everton news, Bill Kenwright had written a new resignation letter for the club before a new twist