Everton Gets Funding Offer From Firm Behind Previous Bidder
- Under new terms Farhad Moshiri would maintain majority control
- Advantage Capital Holdings is a major lender to 777 Partners
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Advantage Capital Holdings LLC has made a proposal to invest in Everton FC, people familiar with the matter said, adding another unexpected twist to the takeover saga surrounding the English Premier League football club.
New York-based A-Cap and a partner firm have submitted a plan that would see them refinance all of Everton’s existing debt and then take a non-controlling equity stake in the club, according to the people, who asked not to be identified discussing confidential information.