Everton offered £150m to complete Bramley Moore Dock stadium project
Everton have received a major boost to complete their new stadium at Bramley Moore Dock.
According to a report from Bloomberg, the Toffees have been offered a loan of £150m by GDA Luma Capital, a private equity firm to complete the stadium project.
GDA Luma Capital specializes in distressed debt, and it will be interesting to see whether the Toffees take the help and complete the new 53,000-capacity stadium in Liverpool’s Bramley docks.
In December 2023, the Daily Mail reported that Bramley-Moore Dock’s cost could rise by up to £150m due to increased construction costs.
Josimar reported in March that Everton are looking at new avenues for funding for the stadium project.
The Premier League have set forth a necessary condition for the 777 Partners that they will have to produce funds to complete the stadium project, and doubts have surfaced whether they have the money to carry the club forward.
Everton new stadium is a must for the club’s progress
According to a recent report from The Times, Farhad Moshiri is considering terminating the deal with the 777 Partners.
As we approach the end of the season, the Toffees are still stuck in limbo over the takeover process. Alan Myers have reported this week that the 777 Partners have delivered another £8m to maintain the operational costs as per the agreement with Moshiri.
The prospective new owners have already deposited around £210m in the last eight months since they agreed a deal with Moshiri to take control of the club. The Miami-based group are yet to receive a green signal from the Premier League.
Moshiri has started to doubt their financial backing, while co-founders Josh Wander and Steve Pasko have been removed from the football division board.
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