Reported 11 months ago
Advantage Capital Holdings LLC has proposed to invest in Everton FC by refinancing all existing debt and then taking a non-controlling equity stake in the club. The unexpected twist in the English Premier League football club's takeover saga comes after the previous bidder 777 Partners LLC failed with its bid. A-Cap's proposal aims to stabilize Everton, advance the club's success, and swiftly fund the stadium, with Everton owner Farhad Moshiri potentially retaining majority control under new terms.
Source: YAHOO