Everton Gets Funding Offer From Firm Behind Previous Bidder

June 13, 2024 by David Hellier and Jill R. Shah

(Bloomberg) — Advantage Capital Holdings LLC has made a proposal to invest in Everton FC, people familiar with the matter said, adding another unexpected twist to the takeover saga surrounding the English Premier League football club.

New York-based A-Cap and a partner firm have submitted a plan that would see them refinance all of Everton’s existing debt and then take a non-controlling equity stake in the club, according to the people, who asked not to be identified discussing confidential information.

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Originally Posted at YAHOO! Finance on June 6, 2024 by David Hellier and Jill R. Shah.