Everton 'receive sizeable loan' from 777 Partners | OneFootball

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Emily Wilson·18 September 2023

Everton 'receive sizeable loan' from 777 Partners

Article image:Everton 'receive sizeable loan' from 777 Partners

The financial situation at Everton has reportedly been handed an immediate boost.

According to an update from The Athletic, the Premier League side has received a “sizeable loan” from prospective new owners, 777 Partners.

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The American investment firm recently agreed to take over the club from Farhad Moshiri and has already made a payment “worth tens of millions.”

The money will help with Everton’s financial struggles, aiding short-term working capital requirements and the stadium build.

Until the company’s club purchase is official, no direct investment is allowed according to Premier League rules. The offer is currently being assessed.

Sean Dyche’s side currently sit 18th in the table after taking just one point from their opening five games.