It's simple. We would be fighting relegation an awful lot sooner than in 10 years time if we were to neglect the playing squad in order to build a new stadium. What increase in revenue can we expect from this super, duper new stadium? Even if everything went to plan, I believe we would only be looking at an extra 10 million per season, an extra 20 million at the absolute maximum.
People will argue that an extra 10 - 20 million pound a year allows you to buy an extra boss player each year, which is correct, but it would have come at the cost of depriving 60 - 100 million pounds worth of investment (they will borrow the rest) from the player recruitment budget over a 2 or 3 year period. This would happen at a time when the difference in prize money between 5th and 15th is considerable. I don't know exactly how much, but it would be no surprise to find out that the difference in prize money between 5th and 15th is greater than the supposed extra 10 million that might be realised in a new stadium.
At the moment, under the current regime, it does not make sense for Everton to waste their time in failing yet another new stadium pipe dream. Even if the project was realised lol , it would seriously harm Everton in the short-term, and the main beneficiaries would be Kenwright and Co. People expecting a new stadium under the current regime are going to be left disappointed because it is not going to happen. The new stadium will eventually come between 2020 -2030 under a new regime, and/or through a Commonwealth Games bid.
