According to a Monday (18 September) article by The Athletic’s David Ornstein, the US investment firm 777 has already reached an agreement to purchase Everton from Farhad Moshiri, but they have also financed the Blues “tens of millions” of dollars.
White has expressed worries about how Everton would pay for their new stadium at Bramley-Moore Dock and has questioned whether that loan is moral.
Everton is once again in the news this morning, White stated on talkSPORT, which was broadcast on September 19 and posted on YouTube.
It appears that Everton obtained a loan from the club’s potential new owners, 777 Partners, and some people have questions about them as well.
Although the specifics of the finance have not been made public, how will that be paid for given Everton’s financial predicament and the rising pressure on the new stadium, of course? – According to reports, 777 has already made a payment totaling tens of millions of pounds.
Is that appropriate at this moment, since they don’t yet control the football team? They are not yet the owners.
Why?
If the potential new buyers are already having to take out loans from Everton, it tells a lot about the Merseyside club’s financial predicament.
Despite an official announcement being made last week, there has been a lot of inaccurate reporting about Everton’s takeover. Moshiri is still in command despite 777 not being the club’s owners.
All that has happened is that Moshiri and 777 have reached an agreement, and after the Premier League has completed its due diligence, the sale will move forward.
Everton is receiving a loan from 777 in the interim, which begs the question of why.
Are Everton’s financial circumstances so dire that they require assistance from Americans in the form of money in order to survive the upcoming months as the Premier League goes through its process?
We’re talking about the club receiving a loan of at least £20 million, and these days, Premier League teams don’t even get close to that amount.
More information should surface shortly, but nevertheless, we don’t see 777’s takeover going through, and this loan may be them looking for another means to potentially invest in the club.
