Everton Football Club and Liverpool City Council are pleased to announce a new rental arrangement over the Club's Finch Farm training base.
The City Council has purchased Everton’s training and Academy facilities in a property deal which generates long-term benefits for both the Council and the Club.
Everton retains a long-term lease on the site and the new rental arrangement secures a reduced annual rental cost to the Club and an attractive commercial return for the Council.
Blues CEO Robert Elstone said: "We continue to work with the Council on many fronts and the Club is especially pleased to have delivered an innovative scheme, on our superb Finch Farm facility, that works for both parties."
Mayor of Liverpool Joe Anderson said: “It’s a very good deal for us, and for Everton.
“Over the lifetime of this arrangement we will get much needed revenue, which we can re-invest in essential services for the people of Liverpool.
“Together with the new Exhibition Centre, the Council regard such investments as innovative but vital in enabling it to meet its on-going budget challenges.”
The deal has been independently valued and verified.