Everton have suffered a fresh blow in their quest for investment.
MSP Sports Capital struck an exclusivity agreement with the club’s majority shareholder Farhad Moshiri in May over the buy-in of a potential 25% stake.
That proposal was set to generate £150 million in funds for the Blues with a significant amount going on costs for the completion of Bramley-Moore Dock.
But MSP are understood to have walked away from the negotiating table due to complications with one of the club’s lenders Rights and Media Holding Ltd.
The New York-based firm are still expected to press ahead with a £100M loan to the holding company connected to work on Everton’s new waterfront home.
MSP’s shift in stance, however, has plunged Moshiri’s plans to bring aboard new investors with fresh ideas to help drive his beleaguered club forward.
The British-Iranian billionaire joined the Goodison board in June amid a boardroom reshuffle which saw three long-standing directors all depart.
Moshiri and John Spellman were appointed to the board alongside interim CEO Colin Chong while Bill Kenwright retained his role as chairman.
Everton’s supremo claimed he asked Kenwright to stay on during an ‘important period of transition’ as a diversification of ownership loomed.
Prior to their withdrawal, MSP were one of two interested parties vying to invest alongside 777 Partners, who own a portfolio of clubs worldwide.
Such was their interest that figureheads Jahm Najafi, Jeff Moorad and Peter Taylor were guests at Goodison for last season’s defeat to Southampton.