Toffees begin the process of moving away from Goodison
Everton have taken a significant step towards building a new stadium on the banks of the River Mersey after securing a deal to acquire land at Bramley Moore Dock.
The club have agreed Heads of Terms to acquire the site, two miles from Goodison Park on the banks of the River Mersey, from Peel Land and Property subject to planning consent.
There are still hurdles to overcome - funding for the £300million-plus scheme for one - but it is the beginning of the process which will see Everton leave their home of 125 years.
Liverpool mayor Joe Anderson helped broker the deal and the council is set to agree the principles of an innovative finance model which will take a lease of the stadium from a funder and sub-lease it to the club.
The stadium will be fully funded by Everton, and no financing will be provided by the council, but the authority will benefit from an annual security fee payable by the club.
"Over the past year, the club has worked with the support of the council and we are grateful for the 'can-do' approach that has got us to this important milestone," said Everton chief Robert Elstone.