Everton’s prospective new owners 777Partners have committed to lending them a further £30million this month taking their total investment in the club to over £190m.
The latest loan has been agreed on the proviso that a Premier League decision on 777’s proposed takeover is imminent, although that cannot be guaranteed, with chief executive Richard Masters telling a parliamentary select committee a fortnight ago that an outcome was still several weeks away.
777 are lending Everton the money to cover wages and provide funding for the new stadium, although the fact that they need to do so will raise further questions over the state of the club’s finances.