Everton have agreed a long-term financing deal for their new stadium on Liverpool's waterfront, securing a long-term funding deal to refinance the borrowing already in place on the venue.

Everton have agreed a long-term financing deal for the Premier League club's new stadium on Liverpool's waterfront, securing a long-term, 350 million pounds ($450.49 million) funding deal to refinance the borrowing already in place on the venue.

The funding replaces borrowing that supported the construction of the new 52,888-capacity venue, which is set to open early next season.