777 Partners, Everton's potential new owners, have already provided the club with a loan
Potential new Everton owners 777 Partners have already provided the club with a loan of tens of millions.
That agreement is one done in principle, with a number of caveats attached relating to the potential value of the deal, as well as the requirement for 777 Partners to gain regulatory approval from the Football Association, Premier League and Financial Conduct Authority. That is in addition to ensuring that the deal is acceptable to major existing creditors of the club such as MSP Sports Capital, Rights and Media Funding Limited and local businessmen Andy Bell and George Downing.
While the financial details of the loan agreement - which could not be done via an equity stake owing to Premier League rules preventing the company from investing directly into the Blues until its agreement with Moshiri receives all the necessary approval - have not been disclosed, the sum of the loan is believed to be around £20m.
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