GOOD NEWS: The Everton purchasers, 777 Partners, take major steps to reduce labor costs.
Potential financing partners may be unwilling to commit until the Premier League spending regulations are settled, which could cause a delay in the development of Everton’s new stadium.
The 52,888-seat stadium at Bramley-Moore Dock is currently half built; the club has spent approximately £350 million on construction thus far. However, in order to complete this £550 million project—which is vital to their future—they need outside money.
After a protracted search for money spearheaded by American banks MUFG and JP Morgan Chase, Everton is in advanced talks about providing funding with New York-based investment firm MSP Sports Capital. However, they were taken by surprise when they learned of the impending Premier League charge.
Even while all three financial institutions have thoroughly investigated Everton’s accounts and feel confident in them, it is known that the prospect of a future point deduction has raised concerns.
If Everton is found guilty, the Premier League will punish them with a points loss, a transfer ban, and stringent spending limits. 
Even though Sean Dyche’s team won’t be able to use the outcome of the disciplinary procedure to help them fight relegation this season, the possibility of further fines could cause a funding deal to be delayed.
Since infrastructure spending is free from Premier League regulations, Everton owner Farhad Moshiri could afford to pay for the remaining development himself. However, he is hesitant to do so because, since taking over the club seven years ago, he has already spent more than £700 million.
Amid worries that a sale would prompt government scrutiny of his ties to Russian businessman Alisher Usmanov, who was sanctioned following the invasion of Ukraine last year, the Iranian businessman has also considered selling Everton or a portion of his shareholding. However, he has retreated from that ambition in order to secure stadium funding.
Since Usmanov’s company had promised to sponsor the training field and a future naming-rights contract, the sanctions against him have cost Everton tens of millions of pounds and dealt a further damage to the stadium project.
Of Everton’s £64 million in sponsorship revenue in the 2019–20 fiscal year, £42 million came from USM Holdings, Usmanov’s company.
While Everton may decide to play its home games at Goodison Park for the duration of the 2024–25 season, they have not yet revealed the date of the new stadium’s debut.
The club and builders Laing O’Rourke have agreed on a fixed-price construction, but if money is not secured in a timely manner, the completion and opening date may be postponed.