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Bramley-Moore Dock stadium speeds up Everton takeover as MSP Sports Capital sign papers
The need for rapid funding at the Bramley-Moore Dock Stadium is speeding up Farhad Moshiri’s plans for an Everton takeover, according to the Daily Mail.
Moshiri needs investment to help fund the club’s new stadium and it has now been reported that MSP Sports Capital have moved ahead of 777 Partners in the race to take a stake of the club.
Sky Sports journalist Alan Myers [22 May] shared that documents have been signed for the two parties to enter an exclusivity period, although a full deal with MSP Sports Capital is still some way off despite “progressing well”.
In the Daily Mail [23 May, page 67], journalist Mike Keegan wrote: “But in a dramatic twist following crunch talks, MSP wrestled back the initiative.
“Everton’s new £505million stadium at Bramley-Moore Dock, for which funds are rapidly needed, is speeding up the process.”
Accelerating
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The need for investment at the Bramley-Moore Dock Stadium has been well reported and it seems like this could now play a major role in the takeover of the club to current favourites MSP Sports Capital.
While things have gone from bad to worse on the Goodison Park pitch this season, the development of the new stadium has been going swimmingly, with regular updates coming from the club on its construction.
However, behind the scenes, funding for the ground is severely lacking.
Hopefully, after the Premier League season draws to a close and Everton’s top-flight status is confirmed, the final terms of a takeover can be explored and completed, and in turn, the Bramley-Moore Dock Stadium can have a much-needed injection of cash.
Things are moving in the right direction for Everton fans who have been calling for Moshiri to resign all season, with it looking more and more likely a change in the hot seat will take place this summer.
It now feels a matter of when, not if, the takeover will be completed.