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sparrow
15 May 24 15:46
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Date Joined: 20 Jul 02
| Topic/replies: 55,679 | Blogger: sparrow's blog
Everton have been offered a loan of up to £150m by a private equity firm specialising in 'distressed debt' to help finance the completion of the club's new stadium at Bramley-Moore Dock.

New York-based GDA Luma Capital has presented a debt financing proposal to provide stability amid the backdrop of the takeover uncertainty with discussions ongoing, as first reported by Bloomberg., external

The offer is subject to due diligence and BBC Sport understands it is a straightforward loan and there is no trigger for equity in the club or being involved in the takeover process.

Everton have declined to comment.

In December, the club said the 52,888-capacity stadium remains on schedule to be completed by the end of 2024 and for the move from Goodison Park to be made by the start of the 2025-26 campaign.

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Replies: 3
By:
spyker
When: 15 May 24 17:54
No doubt they will have the best ground in the national league for a few years.
By:
rothko
When: 15 May 24 17:56
whats the interest rate on that distresses loan??
By:
themightymac
When: 16 May 24 20:12
They should never have left Anfield. Mind you, if they hadn`t way back in the day, Liverpool FC would probably not exist today. It`s a funny old world.
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