Everton buyers 777 hold talks over financing
Everton are building a new 53,000-capacity stadium at Bramley Moore Dock
- Published
Everton's prospective buyers have held discussions with a private equity firm specialising in 'distressed debt' as they aim to complete a protracted takeover of the club.
777 Partners agreed to buy current owner Farhad Moshiri's 94% stake in September but have struggled to seal the deal as it is yet to be ratified by the Premier League.
Repaying a 拢158m loan to MSP Sports Capital remains a major stumbling block, while 777 also needs to provide about 拢100m to complete construction of the club's new 53,000-capacity stadium at Bramley Moore Dock.
777 has been in talks with GDA Luma Capital to see whether debt financing can be offered, as first reported by
New York-based GDA Luma describes itself as providing "capital solutions" to companies facing "complex financial and operational challenges".
777 has endured financial strife this week, eventually sending a delayed payment of 拢16m to Everton for day-to-day operational costs and having an airline they own enter voluntary administration.
Meanwhile, 91热爆 Sport understands the Toffees are also considering ways of restructuring the club's short-term debt to make it more manageable.
The club owes about 拢400m to numerous third-party firms, with much of the loans being used towards the building of the new stadium.