Everton’s prospective new owners 777 Partners have provided the club with a fresh loan as the wait to see if they will pass the Premier League owners’ and directors’ tests goes on. Those loans will be turned into equity should their takeover be approved, or join lengthening list of creditors should it be rejected. That deadline has now passed of course, but 777 have already got the approval of the Financial Conduct Authority and the Football Association, with Myers suggesting final approval from the Premier League could be confirmed any day now. That suggestion was tempered on Monday, with another reliable source, BBC Sport’s Shamoon Hafez, reporting that the process was still ongoing. Though 777 are willing to provide loans during the approval process they are unlikely to do so indefinitely, so it feels like the process will have to come to a definitive conclusion sooner rather than later.

Source: The Nation January 09, 2024 01:18 UTC