Everton’s charge for breaching Premier League spending rules could delay the completion of their new stadium with potential funding partners reluctant to commit until the matter has been resolved.
The club are halfway through building the 52,888-seat stadium at Bramley-Moore Dock having spent around £350m on construction to date, but require external funding to finish the £550m project that is crucial to their future.
Everton are in advanced negotiations with New-York based investment firm MSP Sports Capital about providing funding following a prolonged search for investment led by American banks MUFG and JP Morgan Chase, but they were unaware of the pending Premier League charge which has left them blind-sided.