The timing of the deal collapsing piles more pressure on a club ownership that has faced years of criticism from fans
Farhad Moshiri’s attempts to sell a potential 25 per cent stake of Everton to a United States investment firm have collapsed at the 11th hour amid fresh misery for the crisis-torn club.
Telegraph Sport understands MSP Sports Capital walked away from an exclusivity agreement after being told it would have to pay off an existing lender.
Under the terms of a prior deal by Everton, Rights and Media Funding Limited demanded “high tens of millions” from MSP before a penny went into the club.
A deal had been expected to be sealed this month but the existing lender’s demands could now present a major headache for the club should it seek to find a new partner. Instead of buying a stake in the club, MSP have instead handed over a £100 million loan which will support the construction of Everton’s new ground at Bramley-Moore Dock. However, there will be no club equity purchase which was expected to amount to £150 million when an exclusivity agreement was struck in May.