Everton fans will cringe as 777 Partners’ loan comes with a Premier League takeover condition.

Prospective new Everton owners 777 Partners have surely left fans cringing at Goodison Park after their new loan condition emerged involving the Premier League.

Daily Mail reported on 2 February that the American investment firm’s new loan to the club has been agreed on the proviso that a decision from the Premier League on the proposed takeover is imminent.

The UK news outlet shared in its print edition (2 February, page 69) that the latest loan of £30million has been given on the condition that their takeover is approved imminently although that cannot be guaranteed with an outcome still weeks away.

Reports emerged that 777 had committed to lending Sean Dyche’s side money this month to take their total loan amount at Goodison Park to £190m [Daily Mail, 1 February], but it appears to not be the same as previous investments made to the club.

The American investment firm are lending Everton the money to cover wages and provide funding for their new Bramley-Moore Dock stadium, though these loans are raising further questions as to the state of the club’s finances.

Everton’s debt is said to be spiralling rapidly with the Toffees still owing £200m to Rights and Media Funding and £140m to MSP Sports Capital.