LONDON (Reuters) - Everton's move to a new stadium edged a little closer when the Premier League club formally signed an agreement to lease land at the proposed Bramley Moore Dock site on Thursday. The 200-year lease, for a 'peppercorn' rent, is still conditional upon the club gaining consent and securing a funding package but it means the club now effectively owns the land on which the stadium is to be built. "We're excited to move to the next phase of the project." Everton have played at their distinctive Goodison Park stadium, complete with St Luke's church wedged into one corner, since 1892 but with a capacity of only 40,000 the club struggles to compete with the match-day income of rivals. (Reporting by Martyn Herman; Editing by Keith Weir)

Source: The Star November 23, 2017 15:45 UTC