Everton Football Club is in talks to secure new financing for its £500m stadium project, after cutting ties with sanctioned Russian billionaire Alisher Usmanov.
Options being explored by the Liverpool club are said to include raising equity and raising debt.
The new £500m waterfront stadium has been thrown into jeopardy after the club cut ties with USM Holdings and other companies connected to or owned by Usmanov, an Uzbekistan-born Russian billionaire who has been sanctioned by the EU, UK and US. Farhad Moshiri, Everton’s majority shareholder, is no longer named on USM’s website, having previously been identified as chair and a shareholder.
As well as multi-million-pound sponsorships, USM in 2020 acquired an option for the naming rights to Everton’s planned Bramley-Moore Dock stadium, in a deal worth £30m to the club.
