Usmanov steps up Everton ties with naming rights deal
5 years, 2 months ago

Usmanov steps up Everton ties with naming rights deal

The Hindu  

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

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