Positive 777 Partners news emerges at Everton after £40m update – Finance Expert
We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive columnist. Each week he’ll be giving his views on the biggest talking points at Everton...
Dan Plumley has insisted that it is positive news that 777 Partners have continued their investment into Everton as the wait for their takeover continues.
Reports from the Daily Mail had suggested that funding was going to be stopped if the takeover had not gone through before the New Year, but have since provided an injection of £40million [The Athletic, 8 January].
The finance expert admitted that the new funding shows they are still around and are committing to the money needed to fund the Bramley-Moore Dock project.
“We were led to believe they were saying they weren’t going to invest further in the New Year,” he exclusively told Goodison News.
“This looks like they have invested further.
“There’s a couple of notes in there that we’ve seen that the money is only for stadium expenses and working capital so it’s not like they’re going to be able to go and spend that money in the transfer market.
“All things considered, that’s not realistic at the minute anyway, so I think it is a positive in a sense that if they said they weren’t going to do that and now they are, that’s obviously showing that they are still around and committing to the money needed to fund the stadium and the working capital to go with it in the meantime.”
In other Everton news, a brand new points deduction is apparently on the cards.
For more Everton news, follow us on Facebook or join our brand new WhatsApp Channel for instant updates to be sent straight to your phone