Revealed: Bramley-Moore Dock twist after Everton takeover update

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Published on:

23 May 2023, 7:30 am

Everton investors MSP Sports Capital are only set to plough funds into the club's new stadium if a deal can be agreed, sources have told Football Insider.

It emerged on Monday via BBC Sport (22 May) that the Merseysiders have reached an exclusivity agreement with the New York-based company MSP Sports Capital for investment in the club.

Negotiations are progressing over a deal but there is not yet a full agreement.

It is believed that MSP's investment would go into the stadium rather than into strengthening the playing squad.

The club require funding for their new stadium, being built on Bramley-Moore Dock, after costs increased from £500million to about £760million.

In their latest financial accounts, Everton posted losses for a fifth successive year, with the total sum over that period amounting to £430million.

As revealed by Football Insider on Monday (22 May), Everton will have no money to play with in this summer's transfer market regardless of whether they avoid Premier League relegation.

Instead, the Toffees will operate a sell-to-buy policy in which they must offload some of their more valuable assets to generate funds for new signings.

The Merseysiders have operated on a similar model over the past two seasons.

As per Transfermarkt, they have spent just over £100million on new arrivals since the summer of 2021 - but have made a net transfer profit of almost £28million after selling the likes of Richarlison and Anthony Gordon.

Everton must beat Bournemouth on the final day of the season (28 May) to ensure Premier League survival and prevent a first relegation since 1951.

The Bramley-Moore Dock stadium is set to open in time for the 2024-25 season and will have a capacity of almost 53,000.

In other news, Everton reach agreement over Rice deal after Newcastle ambush.

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