Everton have received an offer of up to £150m in loan funding from GDA Luma Capital, a New York-based private equity firm specializing in distressed debt, to help complete their new stadium at Bramley-Moore Dock.
GDA Luma Capital has proposed this debt financing to provide stability during the ongoing takeover uncertainty, as initially reported by Bloomberg.
The offer is subject to due diligence, and BBC Sport understands it is a straightforward loan with no conditions for equity in the club or involvement in the takeover process.
Everton have declined to comment.
In December, the club confirmed that the 52,888-capacity stadium remains on track for completion by the end of 2024, with the move from Goodison Park planned for the start of the 2025-26 season.
777 Partners agreed to purchase current owner Farhad Moshiri’s 94% stake in September, but increasing concerns about the Miami-based firm have cast doubt on the takeover.
On Tuesday, Moshiri extended the sale and purchase agreement until the end of this month, providing 777 more time to finalize the deal.
One of the conditions set by the Premier League for approving the takeover is that 777 must fund approximately £100m for the completion of the club’s new stadium.
The project’s costs have escalated from an initial £500m to over £800m, as revealed in Premier League documents related to the club’s appeal against their 10-point deduction for breaching financial rules.
GDA Luma describes itself as providing “capital solutions” to companies facing “complex financial and operational challenges.”
Earlier this month, 777 engaged in discussions with GDA Luma to explore potential debt financing options.