GOOD NEWS:THE RENOVETION OF EVERTON’S STADIUM WHICH WAS EVERPORATED IN…………

 

Everton's new stadium

New York-based GDA Lama 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.

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 has 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 Goodson Park to be made by the start of the 2025–26 campaign.

777 Partners agreed to buy current owner Farhad Moshiri’s 94% stake in September, but there is increasing question marks over the takeover following concerning developments around the Miami-based firm.

On Tuesday, Moshiri extended the sales and purchase agreement until the end of this month, giving 777 more time to try to complete the deal.

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 spiraled 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.

GDA Lama describes itself as providing “capital solutions” to companies facing “complex financial and operational challenges.”.

Earlier this month, 777 held discussions with the firm to see whether debt financing could be offered

Ivanishvili, who founded the ruling Georgian Dream political party and became prime minister of the country in 2012, said the win against Portugal was a “historic and dream victory”.

The 68-year-old said he would donate a further £8.4 million (30 million Georgian Lari) to the squad and coaching staff should they also beat Spain.

Ivanishvili was born in Georgia and established his fortune in Russia in the 1990s with investments in banking, computers and metals.

His wealth is estimated by Forbes at around £3.87bn and the Georgian Dream party says the donations will come from Ivanishvili’s charitable foundation.

Although he stepped down as prime minister after just 12 months in the job, Ivanishvili still has an influence within the country’s ruling party as its honorary chairman.

In April, many players from Georgia’s Euro 2024 squad spoke out against the Georgian Dream party after the announcement of a law on “foreign agents”.

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