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Everton 777 takeover: Club receive further loan for day-to-day costs

Written by on April 30, 2024

Everton have received a delayed payment of £16m from prospective buyers 777 Partners for day-to-day operational costs, taking the amount loaned by the Miami-based investment fund to more than £200m.

777 agreed to buy owner Farhad Moshiri’s 94% stake in the club in September, but the protracted deal is yet to be ratified by the Premier League.

A £158m loan repayment to MSP Sports Capital, taken out for the construction of the new stadium on Bramley Moore Dock, remains the main stumbling block.

The Toffees were supposed to receive the latest payment earlier this month but a 777 spokesperson told BBC Sport: “As of Tuesday, 777 has sent in a fresh loan to cover the working capitals needs of the club.”

A source close to British-Iranian businessman Moshiri again told BBC Sport they remain focused on completing the deal with 777.

It is felt the latest payment, though delayed, shows a “proper commitment” to taking over the club and they have supported previous working capital when asked.

Everton beat Brentford 1-0 on Saturday to go 11 points clear of the relegation zone, guaranteeing Premier League survival with three games to spare.

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