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Revealed: Everton secure £130m windfall as documents filed
Everton are set to receive £130million in investment from US group MSP Sports Capital, Football Insider can reveal.
The Toffees have been searching for minority investment this season and struck an exclusivity deal with MSP in May.
Another American investment group, 777 Holdings, also presented a bid to Everton, but the Merseyside club opted to partner with MSP.
It was widely reported that MSP would inject cash into the club to help finance the construction of the Bramley Moore Dock Stadium, and they have since filed documents confirming their investment plans.
A Securities and Exchange Commission Form D was filed on 20 June (Tuesday) that revealed that MSP are preparing to invest $165million (£130m) into the club.
The documents were signed off by MSP CEO Jeffrey Moorad under the partnership title ‘MSP EFC Investors’.
It also confirmed that a total of 13 different investors contributed to the £130million offering.
It is understood that MSP’s investment will be used to finance stadium construction, with the American investors in return getting seats on the Everton board.
The Toffees recently released a club statement confirming a number of changes to their board and management roles – Bill Kenwright has been kept in his chairman role by owner Farhad Moshiri, while Colin Chong was appointed as interim Chief Executive Officer and Director.
Everton also confirmed that a new interim Chief Finance Officer had been hired alongside two Non-Executive Directors.
Further changes to the board can be expected in the coming weeks, with MSP set to be granted more voting power within the club.
In other news, Everton plot Jack Harrison raid – and could now sign two Leeds United big names