£100m+ takeover news could emerge from 777 & Everton at end of January
777 Partners could have provided Everton with more than £100million worth of loans by the end of January as they continue to finance the running of the club, according to the Liverpool Echo.
The newspaper reported on 4 January that, having already provided around £80million after Farhad Moshiri pulled his investment, that fee could go past £100million by the end of the month.
This comes as the group have been financing the construction of the Bramley-Moore Dock Stadium, as well as helping the club to meet payroll obligations and fund day-to-day running costs.
Concerns have been eased
One report [Daily Mail, 12 December] suggested that 777 could pull their funding if their takeover wasn’t successful by the beginning of January, having initially planned to have the deal completed by the end of 2023, which would have risked administration at Goodison Park.
However, now at the start of January, there has been no such news, and the fact that the Liverpool Echo report the funding will continue and take them north of £100million in loans to the club will ease concerns among the fans.
The investment from the group has been crucial to keeping Everton afloat since the takeover was agreed, keeping the staff and players paid, helping with running costs and the crucial financing of the new stadium build.
There will be some concerns that emerged from the £100million loans, such as what the situation will be if the takeover is unsuccessful and whether the club will be expected to repay the money that they simply do not have, but until such a situation emerges, those worries can be pushed aside.
In other Everton news, a £3million bid has been prepared for a new striker deal.