Financial Support Extended to Everton for Completion of New Stadium.

Soccer General

Financial Support Extended to Everton for Completion of New Stadium.

A private equity firm focusing on 'distressed debt' has extended a loan offer of up to £150 million to Everton. This financial support aims to aid in completing the club's new stadium project at Bramley-Moore Dock.

New York-based GDA Luma Capital has stepped in with a debt financing proposal to offer stability amidst ongoing takeover discussions, as reported by Bloomberg.

The proposed loan, subject to due diligence, is straightforward and does not involve equity or participation in the takeover process, according to BBC Sport. Everton has chosen not to comment on the matter.

In December, the club reiterated its commitment to completing the 52,888-capacity stadium at Bramley-Moore Dock by the end of 2024, with plans to move from Goodison Park before the start of the 2025-26 campaign.