Everton: 777 Partners change stance amid ‘imminent’ Premier League decision as £190m figure emerges
777 Partners has committed to lending Everton a further £30million this month, according to the Daily Mail.
The report on the publication’s online edition [1 February] adds that the American investment fund has now invested over £190m into the club.
The loan is said to have been agreed on the proviso that a decision from the Premier League on 777’s proposed takeover is now imminent.
Matt Hughes adds that 777’s stance has changed on the back of this news, having previously stated they would not invest any more money into the new year.
Trouble awaits
The fact 777 has seen it necessary to put more money into Everton – £30m at that, which is no small sum – is surely a concern?
As the Daily Mail report points out, Premier League clubs receive significant funds through their annual television revenue this month.
And yet from this development, it appears Everton need more and more money just to keep the club ticking along.
There is of course the possibility of that money being used to sign a big-money player, but let’s not kid ourselves here.
Remember, all this money will have to be paid back to 777 should their takeover not get the green light from the Premier League.
If that proves the case, Everton will find themselves in almighty trouble.
In other Everton news, a Toffees player has reportedly made a decision on his future after being approached by a European club.
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.