Everton Football Club has successfully negotiated a £350 million ($450.49 million) financing deal to refinance existing debt related to the construction of their new stadium at Bramley-Moore Dock. The deal was brokered with a consortium of reputable institutional lenders and was oversubscribed, allowing Everton to secure competitive financing terms. This financial arrangement is crucial as the club's Texas-based owners, The Friedkin Group, aim to solidify the club's financial foundation following their recent acquisition of the club from Farhad Moshiri. The stadium is set to host its first competitive match in August.
Everton's funding deal is crucial for refinancing the debt of their new stadium, ensuring financial stability and competitive terms from a consortium of institutional lenders.
The Friedkin Group's acquisition of Everton has been completed, signaling a new era for the club with a focus on solid financial backing for their future projects.
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