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Everton secure 'substantial' loan to help fund new stadium

| 28/05/2023 22comments  |  Jump to last

With the next tranche of funding to stadium contractors Laing O'Rourke due imminently, the Mail On Sunday report that Farhad Moshiri has landed a loan deal brokered by Blythe Capital.

According to the report, the Ormskirk-based venture capital firm aren't providing the funds themselves but have been the conduit between Everton and the lender(s) as the club seeks to bridge an estimated £300m shortfall in what is required to complete the new ground at Bramley-Moore Dock.

The news comes after New York firm MSP Sports Capital entered into a period of exclusivity ahead of a potential investment into the club that would provide additional working capital that could be converted into shares at a later date.

The Mail's report by Alex Miller and Nick Harris does not mention specific figures but describes the loan as "substantial". If true, it would add to the £200m loan facility that Everton are said to have with Rights and Media Funding but it would greatly enhance the club's prospects of finishing a stadium project that could be vital to its long-term future.

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Having committed a reported £450m of his own money to Bramley-Moore Dock, Moshiri has been seeking investment for more than a year now and has been in conversation with MSP for the past few months.

Miami-based 777 Partners were said to be interested in a full buyout of the Blues but they are no longer in talks and are expected to focus on opportunities elsewhere.

Original Source: Mail On Sunday  

Reader Comments (22)

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Gavin Johnson
1 Posted 28/05/2023 at 01:13:47
Always sounds dodgy when it's an unnamed lender. Could Usmanov still be involved vicariously?
Kieran Kinsella
2 Posted 28/05/2023 at 01:55:04

I guarantee if you leave the lender alone with Scooby Doo and Shaggy they’ll uncover his true identity. Maybe it’s Bill who’s relying in turn on a loan from the Cosa Nostra

Jerome Shields
3 Posted 28/05/2023 at 06:20:03
Moshiri is an international offshore fixer. Finance will always be available through intermediaries. He will always try to maintain control of any investment he is involved in. Valuation and profitability cannot be taken at face value.

Any bodies that deal with an organisation he is involved in will find decisions they make will have the added pressure of consideration of the impact on the wider vested interests of the authorities they represent.

I just hope that Kenwright & Co have outlasted their usefulness.

Derek Knox
8 Posted 28/05/2023 at 06:42:07
Kieran @2,

If it is the Cosa Nostra, let's hope he upsets them and earns a concrete overcoat!

Tony Everan
9 Posted 28/05/2023 at 07:46:48
Sounds a bit Del Boy! New York - Paris - London - Ormskirk.

The terms of the loan are all-important, high interest rates will be a lead weight on the club's finances going forward.

What concerns me is the huge debt burden vs financial benefit of the new stadium. How much of the increased revenues will be immediately diverted away from improving the squad in repayments?

I think the new owners will refinance when conditions are better, remortgage the club, TV rights etc over a very long term. This will bring the yearly debt repayments down and allow the club to expand in line with its increased revenues.

Chris Williams
10 Posted 28/05/2023 at 09:33:05
Blythe Capital is run by Andy Bell, a longtime Everton supporter. It's a venture Capital firm. It's not been said whether he will supply the funds, or attract other investors.

He also owns AJ Bell.

Clive Rogers
11 Posted 28/05/2023 at 10:58:15
Tony, 9, we are not getting new owners as I understand it. MSP are investing about £100M to buy about 25%, leaving Moshiri the largest shareholder.
Phil Gardner
12 Posted 28/05/2023 at 11:27:43
Chris at (10) Wow, I didn’t know that. I’ve been with AJ Bell for years and I rate them very highly. I’m chuffed now that a Blue owns it. Thanks for the info, mate.
David Israel
13 Posted 28/05/2023 at 12:00:58
We currently have two things to sing for: avoiding relegation and finishing the stadium. Anything that can contribute to achieving either is welcome.
Brent Stephens
14 Posted 28/05/2023 at 12:16:10
Hope Andy Bell can sipp at the cup of Everton success.
Mike Lawson
15 Posted 28/05/2023 at 12:41:12
I worked with Andy in the 1990s and he is an incredibly talented guy. He has built up a hugely successful business from scratch and I am heartened by the fact that he is involved.

He is a huge Evertonian with a lot of business acumen. Maybe the future is becoming brighter but we need the help of those 16 players this afternoon.

UTFT - getting very nervous!

Michael Kenrick
16 Posted 28/05/2023 at 13:09:28
According to a table in The Mail, Everton are set to receive £116.5M in various fees/prize money from the Premier League this season, largely made up of TV money – if they finish in 17th place. The total is made up of:

Live TV Games: £20M
Facility Fee: £17.7M
Domestic Share: £31.8M
Domestic Merit: £6.4M
Foreign Share: £48.9M
Foreign Merit: £4.8M
Commercial Share: £6.8M

Why that piece of shit Goodison News website calls this a 'windfall', I have no idea. It's money each club gets automatically for being in the Premier League.

Tony Everan
17 Posted 28/05/2023 at 13:37:06
Clive, yes I am thinking ahead as I think Moshiri will be out within a couple of years, maybe sooner but probably after the stadium is completed.

Michael, ‘piece of shit' is right. Over the last few weeks, I have been keep an eye on their constant headlines. Always a negative connotation weasled into it, the repetitive is too much of a coincidence. I have got suspicions about their allegiance and motives.

Mike Gaynes
18 Posted 28/05/2023 at 15:53:55
Chris #10, sounds like a fine future Board member to me.
Kieran Kinsella
19 Posted 28/05/2023 at 16:12:36
Isn’t Andy Bell the lead singer of Erasure? Maybe he can scrub out Kenwright
Chris Williams
20 Posted 28/05/2023 at 16:12:57

I reckon he’s got his hands full.

Shitting myself here man!

Stu Darlington
21 Posted 29/05/2023 at 09:01:37
I always suspected Ormskirk was the real hub of international finance. Some canny buggers live there!
Paul O'Neill
22 Posted 29/05/2023 at 11:58:55
Andy Bell's loaning Everton some money? That's nice of him. Deserving of a little respect.

Sorry. I'll get me coat.

Andrew Ellams
23 Posted 29/05/2023 at 12:04:56
I reckon Del Boy missed a trick on the side of his van.

Trotter's Independent Traders

New York. Paris. Ormskirk.

Paul Kossoff
24 Posted 29/05/2023 at 19:17:31
This sounds like Moshiri has told Kenwright he's not putting up any more cash into Everton or the stadium. Is this Bell fella Kenwrights mate?

Aren't we in enough debt already, our debt must be near the cost of the stadium by now.

Len Hawkins
25 Posted 29/05/2023 at 21:46:39
Chris #10 AJ Bell stadium is the home of Salford Rugby League Club I know a woman who sits on the Bell End.
Don Alexander
26 Posted 29/05/2023 at 21:56:30
We also have a woman at the club who worships a bell-end Len!

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