Farhad Moshiri has revealed Everton expect to loan £350m from the private market to help build a new stadium at Bramley-Moore Dock. And as part of a passionate speech at the club's General Meeting , Moshiri has also confirmed a naming rights partner and £100m, in the form of equity capital, could also go towards the construction. Earlier in the evening, it was confirmed that Moshiri has committed to putting his own money into the project and has reaffirmed his determination to see the project through the completion. “We want to do well but, like Tottenham and Arsenal, we have to build a new stadium,” Moshiri said. “But we've not been given a stadium like West Ham and Man City. “We need play a style of football that fills a 62,000 stadium, we need to be bold and take some risks.” The majority shareholder continued: “A new stadium is a necessity, we need a stadium. “There must be an understanding that we don't have a choice, we don't have a plan B or a plan C. “We've been given a site but it's extremely expensive and it will cost £100m for land preparation but we evaluated it, it's a good site and we have just got to get on with it. “It's a bit like Mastermind – we've started so we've finished. I'm committed.” And in discussing where the £500m will come from, Moshiri added: “We will complete this stadium and I will throw as much money at is as needed. “The private market will give us £350m, a naming rights partner will give us some more and maybe equity capital of £100m.”
Farhad Moshiri, owner of Premier League side Everton FC, has said the private sector would contribute £350m ($446m) to the £500m cost of the club's proposed new stadium at Bramley-Moore Dock. The club is expected to announce a revised plan for its plans in early September.