According to Bloomberg, Everton has received an offer from private equity firm GDA Luma Capital for a loan of up to £150 million.
The American company, which specializes in exceptional situations and distressed debt, has donated the money to support the team in finishing construction on their new stadium, Bramley-Moore Dock, which is scheduled to open by the end of the current year.
Everton stadium funding questions remain
A predetermined amount of club cash has been secured, with Sean Dyche’s team certain to play Premier League football in their last season at Goodison Park next year.
To the dismay of Blues supporters, however, the 777 Partners drama seems to be releasing fresh updates every day, so the team is now trying to figure out how to finance the stadium development in a way that will allow work to be finished by the following year.
Given the recent lawsuit and restructuring allegations from the US, supporters of 777 would rightly be questioning the club’s ability to repay outstanding loans had they been the consortium to take over the team.
However, Moshiri has now openly expressed his misgivings about the firm in waiting, and the takeover dispute continues while the stadium is being renovated.
Investors are anticipated to be lining up to leave Merseyside once the stadium is constructed, considering the annual cash it would generate. However, they must first walk a tightrope to get there.
A clarification regarding Dominic Calvert-Lewin’s future with the team is provided in other Everton news.
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