Everton have announced that their proposed move to Bramley Moore Dock has taken a giant step forward, with an agreement for the club to lease the land having been formally signed.
Everton Stadium Development Limited and Peel Land and Property have formally signed a deal for the club to lease the land at Liverpool Waters.
The lease, which is currently conditional upon planning permission being granted will run for a period of 200 years at a peppercorn rent, a very low or nominal rent in non legal parlance.
It means Everton now effectively control the land upon the stadium which will be built, pushing the project a step closer to completion.
The search will now go on for funding, with an agreement already in place for Liverpool City Council to act as a Special Purchase Vehicle on the project.
Speaking on the club’s official website, Chief Executive Robert Elstone expressed his thanks to Peel and the council.
“Clearly, this is very positive news,” he said.
“Gaining control of the site was essential for us to be able to move forward with the next stages of the project.
“Finalising the funding agreement with the Council and preparing for the submission of a planning application - both of which we hope to do in the new year.
“I’d like to thank Peel as well as Mayor Anderson and his colleagues at the Council for their support in getting us to this point.”