The Merseyside club are still exploring options with regards to relocating but accept none are likely to come to fruition in the near future. In the meantime they hope the new £9m building can generate vital extra revenue to enable the club to continue competing in the Barclays Premier League. The project, which is subject to planning permission, will not cost the club as it will be funded through extended deals with commercial partners. Speaking at a shareholders' forum this evening, chief executive Robert Elstone said: "This new scheme is totally self-funded by partners so there is no net cost to the club. In fact, it is cash-positive from the start. "Even if a new stadium scheme came to light very quickly it would take a number of years to realise. "Our discussions with Liverpool City Council have genuinely been more positive but the crux of the matter is we need substantial enabling support and the council see that as being difficult and hard to deliver. "If I'm managing expectations, in the current climate it is hard to foresee a new stadium in the short-term or medium-term but it doesn't mean we will not continue to pursue it vigorously and enthusiastically." Everton saw their plans for a new stadium at Kirkby collapse last year. They are now looking at a number of potential other sites but the process is very much in its infancy. Redevelopment of Goodison Park has again been considered but it is felt it would be impractical to carry out the substantial work required in what is a largely residential area. Chairman Bill Kenwright added: "As long as we are here and has long as it doesn't put in jeopardy the finances for David Moyes we will do whatever we can with Goodison Park."
