Everton Hold Talks About New Club Investment
Everton FC have reportedly held discussions with 777 Partners and MSP Sports Capital over new investment into the club.
The discussions appear to surround the financing of the club’s new stadium in Bramley Moore Dock.
Farhad Moshiri, owner of the club, told the fans' advisory board in February that the club was “not for sale” but he had been talking to “top investors of real quality”.
The Toffees are 19th in the Premier League, with four games remaining.
In their latest accounts, Everton posted financial losses for a fifth successive year, totalling over £430m over that period.
In March, they were refereed to an independent commission over financial fair play accusations.
The Premier League's financial rules only allow maximum losses of £105m over a three-year period. Everton's accounts include £170m in losses attributed to Covid for the 2019-20 and 2020-21 seasons, which can be written off.
Their new 52,888-capacity stadium is scheduled to be completed in time for the 2024-25 season, but costs have increased from an original figure of £500m to about £760m.
Images credit: Everton FC
