Following the release of a new loan update from Goodison Park, The Esk has offered their opinion on 777 Partners’ ownership of Everton, stating that it does not necessarily indicate that the deal is closer to conclusion.
On Monday, January 8, reports surfaced from David Ornstein claiming the possible new owners of the Toffees had given Sean Dyche’s team a new loan of £40 million, bringing their total investment in Everton to more than £142 million.
The Premier League’s approval is still pending for 777 to finalize their purchase of Farhad Moshiri’s 94.1% ownership in the Toffees and Everton financial advisor The Esk, who was quoted in the Daily Mail, claims that their prospects of being approved are not reflected in this new loan.
They replied, “No that’s not the case mate,” to a tweet that suggested 777 Partners would be the Toffees’ new owners on January 8.
Hold off and observe
Most would assume that 777 would only decide to increase their financial commitment to Everton if they were certain they would take over as the team’s new owners and were getting close to receiving league approval.
But based on The Esk’s most recent remarks, it doesn’t seem like that—rather, it seems like this is just another loan to hold Everton over until the Premier League’s permission procedure is completed.
In the end, this larger loan will help 777 no matter what happens. If the Premier League prevents them from completing their takeover, they will either have already made a large investment in their new team or owe the Toffees a sizable sum.
In any case, the fresh loan announced on Monday does not portend that the transaction is going to come to an end or that it is in danger of failing. Actually, this most recent round of funding hasn’t done much to alter the situation at Goodison Park.
In other Everton news, following Fabrizio Romano’s most recent update, the Toffees might once again be in the running for a signing.ng after Fabrizio Romano’s latest update
