Everton said in a statement: 'During the course of what has been a protracted and demanding process, Everton Football Club's commitment to King's Waterfront has never, for one second, wavered. We have pursued the vision of a new and spectacular stadium with vigour, determination and absolute professionalism. 'It is totally untrue to suggest that Everton Football Club has in any way attempted to modify the arena's original masterplan to reduce the overall construction costs. We promised our supporters a unique, world-class stadium. It is that or nothing. 'Quite simply, there will be no compromise. Everton still remains confident that it will be able to meet in full the obligations which were originally laid down.'