Everton need new stadium
Submitted by WG on Tue, 27/09/2011 - 11:43
A new stadium is essential for Everton if they are to be successful according to former chief executive Trevor Birch. He spent just six weeks at the club before leaving.
It is often overlooked that gate money is still important to a club's overall financial model. Manchester United can generate £100m a year from this source and Everton just £20m. To put it another way, United take £3m a game and the Toffees £500k-£700k.
A new stadium would cost £300m - £400m which means significant new investment in the club which has proved difficult to find. Sharing a stadium with Liverpool is never going to be acceptable to fans.
