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Everton struggling to fund Bramley-Moore Dock stadium project

Everton have failed to secure the next round of funding needed for their stadium project.

There's now concerns over the completion of the £760m Bramley-Moore Dock stadium.

Current owner Farhad Moshiri is yet to secure the necessary funding to finish the project, says The Sun.

Moshiri said: “The club is continuing negotiations to secure the next stage of funding for the Bramley-Moore Dock development . . .

“Various options are being explored, however, the club has yet to secure legally binding facilities as at the date of approval of the financial statements and this facility is not yet guaranteed.

“The board are confident that funding will be secured or refinanced.

"However the directors acknowledge these uncertainties may cast significant doubt on the entity's ability to continue as a going concern."

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