JPMorgan Sounds Out Investors for Everton FC Stadium Financing
- Everton set to launch a £300 million private-placement deal
- Tottenham, Barcelona have previously raised this type of debt
The Everton Stadium in Liverpool, England. The stadium, which will be the home of Everton Football Club, is due to be completed in 2024.
Photographer: Alex Livesey/Getty ImagesJPMorgan Chase & Co. is speaking to institutional investors about raising more than £300 million ($376 million) of debt to support a stadium refinancing for Everton FC, the Premier League football team recently acquired by the Friedkin Group, according to people familiar with the situation.
Separately, the bank is also providing a loan of £130 million to the Friedkin Group for the club that it acquired from British-Iranian businessman Farhad Moshiri at the end of last year, the people said, asking not to be identified because the information is private. Considerations are at an early stage and details of the debt financing could change, the people said.