English Premiership

Usmanov steps up Everton ties with naming rights deal

2020-01-14 21:49
Alisher Usmanov (Getty Images)

London - Russian billionaire Alisher Usmanov has increased his association with Everton after paying £30 million to secure an exclusive option on naming rights for the Premier League club's proposed new stadium.

Uzbekistan-born Usmanov, who sold his shares in Arsenal in 2018, is a long-time business partner of Everton's majority shareholder Farhad Moshiri.

The 66-year-old has been linked with buying a stake in the Merseyside team.

Usmanov's holding company USM already sponsors Everton's Finch Farm training ground and he has now ploughed in further money with an agreement in place for the naming rights for the new arena at Bramley-Moore Dock, which is scheduled to be completed by 2023.

A contract has already been agreed on a deal for the rights for the new ground and Usmanov's 30 million buys him first option of pursuing that at current market rates once the build is near completion.

Usmanov's investment was revealed as Everton published accounts for 13 months -- due to a realignment of their accounting period -- showing the club made a loss of 111.9 million despite posting the second-highest revenues in their history of 188 million.

Everton's chief finance and commercial officer Sasha Ryazantsev said Moshiri "continues to invest in the club and is committed to ensuring the new stadium project progresses" and the majority shareholder is "excited by the plans and the progress made".

 

Read News24’s Comments Policy

Fixtures
Saturday, 18 January 2020
Watford v Tottenham Hotspur, Vicarage Road 14:30
Norwich City v AFC Bournemouth, Carrow Road 17:00
Arsenal v Sheffield United, Emirates Stadium 17:00
Manchester City v Crystal Palace, Etihad Stadium 17:00
West Ham United v Everton, London Stadium 17:00
Southampton v Wolverhampton Wanderers, St. Mary's Stadium 17:00
Brighton & Hove Albion v Aston Villa, The American Express Community Stadium 17:00
Newcastle United v Chelsea, St. James' Park 19:30
Sunday, 19 January 2020
Burnley v Leicester City, Turf Moor 16:00
Liverpool v Manchester United, Anfield 18:30
Tuesday, 21 January 2020
Sheffield United v Manchester City, Bramall Lane 21:30
Everton v Newcastle United, Goodison Park 21:30
Crystal Palace v Southampton, Selhurst Park 21:30
Aston Villa v Watford, Villa Park 21:30
AFC Bournemouth v Brighton & Hove Albion, Vitality Stadium 21:30
Chelsea v Arsenal, Stamford Bridge 22:15
Logs
Team P W PTS
Previous Results

Date Home Team Result Away Team
Vote

And the 2019/20 English Premiership champions will be ... ?

 
 
Men
Women
Love 2 Meet
English Premiership flutter

Take Sport24's "expert" tips at your peril...

Sport24 on Twitter

Follow Sport24 news on Twitter

Featured

The 2018/19 Absa Premiership season is in full swing. Will Mamelodi Sundowns retain their title? Or can one of Kaizer Chiefs, Orlando Pirates, Wits, SuperSport United - or another team perhaps - snatch glory from the Brazilians? Be sure to visit Sport24 for all the latest news!

Latest blogs
 

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

 
There are new stories on the homepage. Click here to see them.