By Paddy Boyland

Everton have reached an historic agreement with Liverpool City Council (LCC) and Peel Holdings that should see the Blues build a new stadium on the banks of the River Mersey.

Earlier today, Mayor Joe Anderson confirmed to David Downie that Heads of Terms had been signed by the Premier League outfit for the Bramley Moore Dock site on the city’s iconic waterfront.

The agreement will mean LCC effectively acts as a guarantor for the groundbreaking project, with Everton expected to pay around £14 million to various partners over the next 40 years.

An estimated £4m of that sum will be payable to the local Council each year, while a figure of around £10m will go to the scheme’s other financiers on an annual basis.

At present, it is understood that no deal is in place regarding the financing of the loan.

In a statement Mayor Anderson said: “I’m delighted that we have got to the stage where the city and Everton can publicly share the vision for the club’s potential new home at the Bramley Moore Dock.

“The proposed new stadium will be a landmark for the city’s spectacular north Liverpool waterfront and a powerful statement of intent for the club and the city that will resonate globally.”

Everton chief executive Robert Elstone praised LCC for helping make the Blues’ vision a reality.

He said: “Over the past year, the club has worked with the support of the Council and we are grateful for their ‘can-do’ approach that has got us to this important milestone.

“We are delighted to agree Heads of Terms with Peel, giving us control of the Bramley Moore site.”

You can listen to David Downie’s interview with Mayor Anderson below:

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