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Usmanov

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Sky acknowledging it:

BREAKING NEWS
Russian billionaire Alisher Usmanov has strengthened his ties with Everton after paying £30m up front to secure an exclusive option on naming rights for the club's proposed new stadium.
The 66-year-old, who sold his shares in Arsenal for a reported #550million in the summer of 2018, is a long-time business partner of the Toffees' majority shareholder Farhad Moshiri and has been linked with buying a stake in the club.
Usmanov's holding company USM already sponsors the club's Finch Farm training ground and the Russian tycoon has now ploughed in further money with an agreement in place for the naming rights for Bramley-Moore Dock, which is scheduled to be completed by 2023.
A contract has already been agreed on a deal for the rights for the new ground and Usmanov's £30m buys him first option of pursuing that at current market rates once the build is near completion.
"Within the last week USM has secured an option on the naming rights for the new stadium," chief executive officer Denise Barrett-Baxendale told the club's general meeting. "This clearly demonstrates the commercial impact of our new stadium."
 


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