The Esk shares new 777 Partners Everton takeover verdict as £40 million loan news comes.
The Esk has weighed in on 777 Partners’ ownership of Everton following a recent loan report from Goodison Park, implying that the deal is not nearing completion.
David Ornstein reported on Monday (8 January) that the Toffees’ prospective new owners had handed Sean Dyche’s side with a new loan of £40 million, bringing their total investment in Everton to more than £142 million.
777 are still seeking approval from the Premier League to finalize their acquisition of Farhad Moshiri’s 94.1 percent share in the Toffees. Everton finance expert The Esk, who has been highlighted in the Daily Mail, claims that the new loan does not accurately reflect their chances of acceptance.
Responding to a tweet implying that 777 Partners will be the Toffees’ new owners (8 January), they said: “No that’s not the case, mate.”
Wait and see.
Most people believe that 777 would only invest additional money in Everton if they believed they would be the club’s new owners and were close to receiving Premier League clearance.
However, based on The Esk’s most recent comments, it appears that this is little more than another loan to keep Everton going as they await the outcome of the Premier League’s approval process.
Ultimately, this larger loan will benefit 777 regardless of the verdict. Either they will have already invested a significant amount in their new club, or they will be owed a huge sum by the Toffees if the Premier League prevents them from completing the transaction.
In any case, Monday’s fresh loan is neither an indication that the transaction is nearing completion nor an indicator that things are likely to fall apart. In fact, the situation at Goodison Park has not changed significantly as a result of this new injection of funds.
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