Everton set for huge boost with mega-rich duo set to write off MILLIONS owed to them and buy the new stadium
SUPERFANS Andy Bell and George Downing are ready to save Everton with an audacious plan.
The mega-rich duo want to ‘buy’ the club’s new Bramley-Moore Dock ground by waiving the millions owed to them by the crisis club.
Premier League chiefs have asked potential new owners, US firm 777 Partners, to help put the club’s finances in order by settling bills and repaying creditors.
Bell and Downing’s deal would remove another obstacle in 777 Parnters‘ bid for ownership — although the club would effectively become tenants when they eventually leave Goodison.
Bell is big in the finance world, while Swiss-based Scouser Downing has massive property interests.
The pair have been business allies for years and are believed to be owed about £200million by Everton after ploughing in cash to help the club in what has been a torrid period.
But they would write off the debt in return for the keys to the new stadium, which is due for completion this summer.
Incredibly, current Toffees owner Farhad Moshiri could even stay on as a partner in the ground’s new ownership.
Everton have big plans for events at the new stadium, which will not be restricted to just football.
The deal would leave the club’s next owners as guests but the move could prove the best way out of their predicament.
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Bell and Downing are not keen on owning and funding the club itself, although they would step in if 777 ran into trouble down the line.
Everton secured a huge three points in their 1-0 win over Burnley today.
It moved Sean Dyche‘s men four points clear of safety with seven matches remaining.
