The Esk shares new 777 Partners Everton takeover verdict after £40m loan news emerges
The Esk has shared their verdict on 777 Partners’ takeover of Everton after a new loan update emerged from Goodison Park, suggesting it doesn’t mean that the deal is closer to completion.
Reports emerged from David Ornstein on Monday (8 January) that the Toffees’ prospective new owners had provided Sean Dyche’s side with a fresh loan of £40million, taking their total investment in Everton to north of £142million.
777 are still awaiting approval from the Premier League to complete their acquisition of Farhad Moshiri’s 94.1 per cent stake in the Toffees and Everton financial expert The Esk, who has been featured in the Daily Mail, says that this new loan doesn’t reflect their chances of approval.
Responding to a Tweet suggesting that 777 Partners would be the Toffees’ new owners (8 January) they said: “No that’s not the case mate.”
Wait and see
Most would imagine that 777 would only choose to invest more of their money into Everton if they knew that they would be the Toffees’ new owners and were closing in on approval from the Premier League.
However, that would not appear to be the case judging by The Esk’s latest comments as it would appear this is little more than another loan to tide Everton over as they await the verdict of the Premier League’s approval process.
Ultimately, this bigger loan will benefit 777 regardless of the outcome. Either they will have already invested a healthy amount into their new side, or they will be owed a large amount by the Toffees if the Premier League stop them from completing their takeover.
Either way, Monday’s new loan is no indication that the deal is close to being completed and equally not an indication that things could be about to fall through. In fact, the situation at Goodison Park hasn’t changed too much as a result of this latest injection of cash.
In other Everton news, the Toffees may now be back in the race for one signing after Fabrizio Romano’s latest update