The price of Everton’s new stadium at Bramley-Moore Dock is set to rise by up to £150million due to increased construction costs directly attributable to the war in Ukraine.
Mail Sport revealed earlier this year that the so-called fixed-price contract Everton had agreed with builders Laing O’Rourke contained variable rates with a floor and ceiling price for completing the project, a significant variable which has already cost the club £100m.
The final price will not be known until the build is completed in a year’s time, but Everton are budgeting for a worst-case scenario of another £50m hit, taking the cost of the stadium beyond £700m and 20 per cent above the floor price agreed with Laing.