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IN THE MONEY: Everton 'need more than the £20m loan' from prospective owners 777 Partners to stave off the threat of administration

Related Topics: Farhad Moshiri

Everton will likely require further loans from potential owners 777 Partners to stave off the threat of administration, despite receiving £20million last week.

Sources close to the takeover deal believe the loan won’t be enough to cover the club’s losses to the end of the year.

Everton’s financial situation, mainly brought about by rising construction costs for their Bramley-Moore Dock stadium, means further funds will be required.

Owner Farhad Moshiri has stopped pouring money into the club, who are weighed down with debts of more than £400m, including a combined £300m to lenders Rights & Media Funding Limited and MSP Capital.