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 byThe 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.
One of the conditions imposed by the Premier League for 777 to be given the green light is to fund about £100m for the completion of the club's new stadium. Costs for the project have spiralled from an initial £500m to more than £800m, which was disclosed in Premier League documents relating to the club's appeal over their 10-point deduction for breaching financial rules.Go behind the scenes...
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