By Phil McNulty BBC Sport Online chief football writer

Everton are poised to be given extra time to raise the £30m they need to set up a move to a new 55,000-seater stadium on the River Mersey waterfront.

It had been suggested that Everton's bid to leave Goodison Park for the new King's Dock development would end on Friday, after they had failed to convince city regeneration company Liverpool Vision they had the finance in place.

We are 100% behind the Kings Dock project Everton deputy chairman Bill Kenwright

Liverpool Vision wanted Everton owner Bill Kenwright and his board to prove they could finance their share of the project before the weekend.

But BBC Sport Online understands Everton could now be given another four weeks to put together a package - and Kenwright is still privately convinced he can pull off the move.

He is not expected to have the deal in place by Friday, but the fact that the campaign to quit Goodison Park is going into extra time suggests Everton may still pull off a deal.

Everton director Paul Gregg has already put a £30m 'reverse mortgage' package before the club's board.

This would mean they would buy the stadium back from private investors over a number of years.

But it is understood the Everton board's preferred option is now a move away from the "reverse mortgage", with Kenwright moving to secure funding.

A meeting of Everton's board before the Worthington Cup tie at Chelsea confirmed significant progress had been made by Kenwright in his attempt to broker a new financial deal.

He is believed to be putting together a package that would not involve Everton giving up its 50% equity share in the stadium.

Moyes is leading Everton into new era

He is publicly committed to the move and boss David Moyes has insisted the ground switch is essential to the club's future success.

And the extra time which is expected to be given to Everton by Liverpool Vision is a clear indication that Kenwright's dream is still alive.

Kenwright is determined to explore all options to secure the move after leading Everton's campaign to leave Goodison Park and move to a new state-of-the-art stadium.

Only last week he confirmed that the club were determined to build the new stadium.

Kenwright told the club's official website: "We continue to be very positive and we are 100% behind the King's Dock project."