Back to overview

Thursday briefing: Everton takeover: 777 Partners’ loan rises to £40 million as FCA ‘waits for audited financial statements’ from US firm

IMAGO

IMAGO

Serie A clubs to suffer financial blow as tax law to be tightened from 2024

Negreira case: Laporta charged with suspected bribery as investigation extends into first spell as president

Saudi sports vice minister compares Saudi Pro League spending with early years of English Premier League

19 October 2023 - 4:30 AM

Fresh concerns have emerged about the planned takeover of Everton by 777 Partners after it was reported the amount the American investment firm has loaned the Merseyside club has risen to £40 million.

The loan was initially reported as £20 million but according to The Times the figure has almost doubled, and is being used as working capital for wage costs that Everton’s income cannot cover. The loan to Everton by 777 can be converted to equity if the takeover is approved.

Do you want to read this article?

Get smarter in minutes. Straight to your inbox
21-day free trial

No credit card required. No strings attached. Your access ends automatically, so there’s nothing to cancel.

Activate instantly with the link we’ll send you.