Everton will be handed another loan by 777 Partners to cover wages and building costs at Bramley Moor Stadium at the end of March, according to i News.
The outlet reported on its website on Wednesday (27 March) that the American investment firm is set to sanction the loan as they anticipate a decision will be made by the Premier League over the approval of their takeover.
While the size of the loan hasn’t been confirmed, it will take 777’s investment in the club closer to the £200million mark with all the loans set to be converted to equity if and when their takeover is approved by the league.
Everton’s latest loan will help the Toffees dodge fears of running out of money and sources close to 777 Partners have suggested it is highly likely more funding will be made available to Sean Dyche’s side.
Will 777 Partners be able to complete their takeover of Everton?
Throughout 777 Partners’ takeover process, those in charge of the American investment firm have insisted that they will receive approval from the Premier League, even if very little visible progress has been made over the last few months.
While an additional loan doesn’t confirm that the deal will be completed, it seems unlikely that 777 would be willing to pour even more money into proceedings at Goodison Park if they were expecting the takeover to fall through.
