Moshiri lands a loan for stadium
By Alex Miller and Nick Harris
EVERTON have secured a ‘substantial’ loan to help cover the cost of building Bramley Moore Dock Stadium.
Sportsmail can reveal Everton owner Farhad Moshiri completed a deal this week through Ormskirkbased venture capital company Blythe Capital after a year of work to secure funding.
It comes just days after MSP Sports Capital secured a ‘period of exclusivity’ to explore options on a deal to fund the stadium build.
Blythe Capital is owned by Andrew Bell, founder of investment platform AJ Bell. He is believed to be an Everton season-ticket holder.
It is understood Blythe are acting as the broker and are not putting in cash themselves.
Sources close to the club believe Moshiri has committed £450million to the new stadium, leaving a £300million funding shortfall.
Sources close to Everton maintain that Moshiri is not looking to sell the club, but is exploring the possibility of selling a minority stake.
Moshiri said earlier this year that he was close to a deal, explaining: ‘The club is not for sale, but I have been talking to top investors of real quality to bridge a gap on the stadium. I can do it myself; the reason I want to do it is to bring top sport investors into Everton for some of the reasons the fans want: improvement; more talent.
‘We are close to having a deal done. It is not selling the club at all, it is just bringing more expertise in terms of global sponsorship, commercial development and a lot of specialist sport investors have this pool of knowledge.’
Everton were approached for comment.
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2023-05-28T07:00:00.0000000Z
2023-05-28T07:00:00.0000000Z
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