The Esk shares new 777 Partners funding update as £190m Everton loan news emerges
A report claiming that 777 Partners had put another £30million into Everton is actually a pledge of funds if needed as opposed to a new cash injection, according to The Esk.
The Everton financial expert, who has been featured in the Daily Mail, reported via their Twitter account on Thursday (1 February) that the American firm has promised to support the Toffees with an additional £30million should it be required before its takeover is approved.
Reports emerged that 777 had committed to lending Sean Dyche’s side that money this month to take their total loan amount at Goodison Park to £190m [Daily Mail, 1 February], but it appears to not be the same as previous investments made to the club.
Writing on X, The Esk posted: “It seems that the reported £30 million from 777 Partners is a pledge of funding if required rather than a new cash injection.”
If required
Thursday’s news had come as a suggestion that 777 Partners were confident of receiving approval for their takeover as they were once again willing to spend more money on the Toffees, however, it now doesn’t seem as cut and dry.
Previously the American investment firm has provided Everton with money to fundamentally keep the lights on in the blue half of Merseyside, however, this time they will only pay that fee if it is required.
Everton supporters have been left in the dark over this takeover for some time, with very few updates emerging since 777 received approval from the financial conduct authority back in 2023.
Hopefully, some clarity emerges around the deal sooner rather than later as the Toffees’ financial future hangs in the balance. Supporters don’t want to be told that their team are keeping their head above the water thanks to month-by-month loans.
In other Everton news, one journalist has suggested that the Toffees are pursuing a last-gasp loan move for an attacker
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