Everton still advanced talks with MSP Sports Capital as banks react to accounts
Everton are still in advanced talks with MSP Sports Capital over fresh investment despite suggestions that it was now unlikely, according to the Daily Mail.
The newspaper has reported in its print edition [27 March, pg 61] that the banking firms MUFG and JP Morgan Chase had led the search for the funding.
All three of the financial institutions were said to be comfortable with the accounts at Goodison Park, but potential points deductions have raised alarms throughout.
MSP Sports Capital, MUFG and JP Morgan Chase have completed their due diligence on the club, and are still on board, with that bringing some relief.
If things were as critical as imagined after the Premier League referral, surely these three institutions would still not be on board at Goodison Park.
Alarm.
When you hear points deduction, it brings forward alarms for everyone.
Especially when you consider that Everton are only two points above the drop having played one or two more games than the clubs around them in the Premier League.
Sean Dyche has done a stellar job so far, keeping the Toffees out of the relegation with some huge wins against the likes of Arsenal, Leeds and Brentford.
If something like a points deduction was the reason for relegation, it would cause mayhem.
Thankfully, nothing like that appears likely to happen before the end of this season, meaning the investment can be pumped into the club and Everton can concentrate on staying up.
Farhad Moshiri will be praying that the MSP Sports Capital investment gets signed off sooner rather than later, with suggestions he could reluctantly fund the stadium himself.
The sooner all of this doom and gloom is over, the better, but for now, that huge question mark looks as though it will remain for many more months to come at Everton football club.