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The new owner at Everton will have to tackle over £500million of debt after it climbed during the 777 Partners takeover process.that Everton have added around £250million of debt throughout last season.
The Merseyside club are closing in on a takeover deal with Roma owner Dan Friedkin close to agreeing an exclusivity deal. 777 Partners previously had an exclusivity deal with chairman Farhad Moshiri but the US group failed to provide proof of funding to finalise their £500million agreement. They provided over £200million to the club to help cover operating costs and stadium construction fees during the takeover process.Borson explained that the debt at Everton has now climbed to over £500million with £250million added over the 2023-24 campaign.
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