£200m loan facility update emerges on Everton-777 agreement after MSP Capital collapse
Rights and Media Funding Limited, who have a £200million loan facility with Everton, are satisfied with the agreement for 777 Partners to take over control, according to I.
The media outlet reported on its website on Friday (15 September) that the Cheshire-based firm blocked MSP Sports Capital from taking a 25 per cent stake in the club last month because they were unhappy with the terms of the deal.
No such concerns are understood to emerge about 777 and the deal is expected to go through without any hindrances.
New era
Farhad Moshiri has flirted with the sale of the Toffees for a number of months and things have finally been confirmed.
It won’t happen for another few months as there is a lot of bureaucracy before the 777 Partners officially call the shots and make sweeping decisions.
It remains to be seen what their plan is for taking the club in the right direction but they cannot operate like how Moshiri did.
Bill Kenwright, who’s extremely unpopular among the fans, may be on borrowed time at Goodison Park.
It’s understood that the chairman, who’s been in this role for the last 19 years, is likely to leave the club with the new owners in charge.
Everton fans deserve serious owners that can help realise the potential of the club and it remains to be seen if 777 can do that for them.
In other Everton news, a senior Toffees player has been ripped to shreds by a TNT Sports pundit after what he did against Sheffield United.