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The Guardian - UK

Sport

Andy Hunter

UNBELIEVABLE: Everton s financial future could be in doubt unless takeover approved | History Defined

Everton 777 Farhad Moshiri 777 Partners MSP the Premier League EPL United States

Everton's new stadium is still under construction — Everton’s new stadium at Bramley Moore dock is still being built and further loans are likely to be needed for construction costs. Photograph: Mark Seddon/Everton FC/Getty Images

Everton’s financial future could be in jeopardy unless the proposed takeover by the controversial US investment firm 777 Partners is approved.

Everton’s debt and cashflow problems have increased considerably since the owner, Farhad Moshiri, stopped propping up the club, with a recent loan from 777 Partners taking the total of outstanding loans above £350m. Interest on loans from Rights and Media Funding, MSP Sports Capital and 777 Partners is understood to be costing Everton more than £30m per year.

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