Talks remain ongoing between Everton and US banks MUFG and JP Morgan over financing for the Bramley-Moore Dock Stadium, according to the Liverpool Echo.
The American banks have previously been in talks with the club back in January 2020 over covering the costs of the new 52,000-seater home of the Toffees.
But the club opted to stick with Alisher Usmanov’s group which later fell through due to Russia’s invasion of Ukraine and his ties with President Vladimir Putin.
The Echo have been told by US financial sources that talks have remained ongoing throughout the process with both banks as they look to secure the rest of the funding required to complete the project.
Maciek Kaminski is still a viable option although he is now looking to only claim a minority stake in Everton from Farhad Moshiri rather than full control as was his initial plan, talks are still ongoing there too.
Backwards
Usually, when a club builds a new stadium they have all of the funding ready to go and secured so Everton are really doing things in reverse order by building the ground first and then trying to find the cash to finance it.
They’ll have to find the cash from somewhere and soon to ensure that Moshiri can empty his pockets into the playing squad in order to keep the club in the Premier League.
If they think finances are tough in the top flight, it will become almost impossible if they go down to the Championship as they very nearly did last season and are on the edge of doing so again.
Whether it is MUFG and JP Morgan, Kaminski or somebody else altogether, Everton simply must secure their funding as soon as possible to ensure that any relegation does not impact the amount of cash they are able to get from outside the club.
