Funds

Everton Stadium company secures external funding as MSP Sports Capital deal edges closer


The holding company behind Everton’s new stadium on the banks of the River Mersey has secured some external funding, according to public documents made available via Companies House.

Everton Stadium Development Holding Company Limited (ESDHC) incurred a charge on May 19, a development that relates to funding being sourced from a lender.



The charge in this case specifically relates to the stadium’s holding company, with an agreement with an agent, Ormskirk-based Blythe Capital, detailed.

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Blythe Capital, founded by Everton fan Andrew Bell, former chief of the successful AJ Bell investment firm, is detailed as the agent but that does not mean that Blythe Capital are the lender in this particular case.

The Companies House charge states that ‘the lenders have agreed to make a loan to the borrower (ESDHC) relying on, among other security, the security interest created in this deed’.

The charge relates to the securing of external funds by ESDHC, for an unspecified amount of money, potentially as some form of bridging loan to ensure the continued development of the stadium build at Bramley-Moore Dock at a time when the club are in an exclusivity period with US firm MSP Sports Capital, who are set to take a 20 to 25 per cent stake through a preferential share structure. The deal is set to provide the final tranche of funding for the construction of the 52,888-seater stadium.



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