Dan Friedkin, Bramley-Moore Dock stadium
(Credit: Imago)
Dakir Thanveer
Thu 6 March 2025 10:46, UK
The Esk has been singing praises of The Friedkin Group as Everton continue preparations to move to their Bramley-Moore Dock stadium.
Everton conducted their first test event at the Bramley-Moore Dock stadium on 17 February, with 10,000 fans in attendance as the Under-18s lost 2-1 against Wigan Athletic.
With a similar event with more spectators planned in late March or early April, the Premier League club are on course to move to their new home in time for the start of next season.
In the latest development (Thursday, 6 March), the Toffees have announced that they have secured a £350million funding package for the new stadium from a consortium of blue-chip institutional lenders.
Everton buyer Dan Friedkin
Dan Friedkin and Co are bringing about positive changes.
Paul Quinn moots JP Morgan Chase involvement
While Everton did not provide further details about the lenders or the term of the debt, The Esk has suggested that the agreement was facilitated by JP Morgan Chase, who he described as the “market leader” in devising such packages.
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The Everton insider also hinted that the maturity of the debt could be 15 years or upwards, with a fixed interest in place.
Paul Quinn, who goes by The Esk, also pointed out how Arsenal and Tottenham have resorted to such funding to oversee the development of their own stadiums, although the Toffees face having to pay higher interest.
Nevertheless, he is pleased with the announcement as he believes it would bring security and stability to the Merseyside-based club, which is a departure from the “chaos” they experienced under Farhad Moshiri.
“The club have not provided any detail as to the lenders, the terms of the debt, nor the structure of it”, The Esk wrote on his personal website (6 March).
“It is widely believed that the transaction has been put together under the guidance of JP Morgan Chase, a US bank which arguably is the market leader in these forms of financing packages.
“Typically these packages include fixed interest debt with a range of maturities from 15 years upwards.
“Tottenham Hotspur and Arsenal have both funded their stadium developments in a similar manner.
“The current interest rate environment is complex, and whilst not at the levels enjoyed pre-Covid, should represent good long-term value.
“Above all else, this represents security and stability for the club as we seek to move on from the chaos of the past.”
Everton announce £350 million senior debt funding package for Bramley-Moorehttps://t.co/OYFAIaHfYX
— the esk (@theesk) March 6, 2025
Friedkin Group making strides at Everton
After months of discussions, The Friedkin Group completed the takeover of Everton in December, putting an end to Moshiri’s terror reign at Goodison Park.
Competition Team Date
Premier League West Ham 15 March 2025
Premier League Arsenal 5 April 2025
Premier League Manchester City 19 April 2025
Premier League Ipswich 3 May 2025
Premier League Southampton 18 May 2025
Everton’s last five games at Goodison Park.
The new owners have made a positive impact on Merseyside, with the effects there to be seen on and off the pitch.
Friedkins’ managerial hire David Moyes has steered the side away from the relegation zone and taken them as high as 16th in the table.
Meanwhile, plans to move to the Bramley-Moore Dock stadium going ahead, with the new £350m funding another feather in their cap.
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