Football

Everton to receive hefty financial loan from new ownership 777 Partners, pending takeover approval

Logo GoalGoal
2023-09-18 20:56:01  • 2 mins
  • 777 Partners planning Everton takeover
  • Already lent a massive loan to club
  • Helps with short-term working capital

WHAT HAPPENED? According to an exclusive story by The Athletic, the Miami-based investment group has given Everton money on an interim basis "to help with short-term working capital requirements and the stadium build." Last week, news broke that 777 Partners had agreed to buy out Farhad Moshiri's 94.1% stake in the Toffees. The Times described the takeover as "a performance-related deal" in which the Americans would buy out the Monaco-based businessman's shareholding in stages, with much depending on whether the club remains in the Premier League after this season.

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