Everton hold talks to restructure Bramley-Moore Dock debt already at new stadium

According to The Independent, Everton has discussed restructuring the debt incurred by constructing their new stadium with financial advice firm Teneo.

Due to mounting debt, shareholders are investigating ways to reassess the estimated £760 million cost of completing the Toffees’ new stadium at Bramley-Moore Dock.

Although Teneo and the club have not yet come to an agreement about the restructuring of stadium debt, the club may soon find itself forced into action since takeover negotiations appear to be at a standstill.

According to the Independent article, 777 Partners has also loaned £158 million to fund the construction of the stadium. However, it is unclear what would happen to the money if they are unable to complete their acquisition; otherwise, it would be turned into club equity.

When is the new Everton Stadium going to be finished?

Everton intends to relocate into its new Bramley-Moore Dock location prior to the 2025–2026 season, giving them little over a year to complete the arena’s 52,888 seats.

The club’s survival is going to depend greatly on these next twelve months, though, as 777 Partners’ proposed takeover keeps hitting roadblocks and appears to be no closer to completion than it was eight months ago.

Due to Farhad Moshiri’s inability to find a buyer for his 94.1% stake in the Blues, the club’s debt is only growing. Additionally, selling Goodison Park to reduce part of the debt is not a possibility.

Finding a takeover that benefits the club’s future prospects as well as its present shareholders must be the top priority for the time being. However, the longer it takes for 777 Partners or another party to complete a buyout, the more doubts will surround the Bramley-Moore Dock project.