Source: PA
Toffees announce retail plans
Everton have announced plans to build a new retail and office complex adjacent to Goodison Park.
The Merseyside club are still exploring options with regards to relocating but accept none are likely to come to fruition in the near future.
In the meantime they hope the new £9million building can generate vital extra revenue to enable the club to continue competing in the Barclays Premier League.
The project, which is subject to planning permission, will not cost the club as it will be funded through extended deals with commercial partners.
Speaking at a shareholders' forum on Wednesday evening, chief executive Robert Elstone said: "This new scheme is totally self-funded by partners so there is no net cost to the club. In fact, it is cash-positive from the start.
"Even if a new stadium scheme came to light very quickly it would take a number of years to realise. If I'm managing expectations, in the current climate it is hard to foresee a new stadium in the short-term or medium-term but it doesn't mean we will not continue to pursue it vigorously and enthusiastically."
