Sign up for the EFC email bulletin for all the latest Everton newsNew era, new Blues? Sign up for the EFC email bulletin for all the latest Everton newsThe American investment firm awaiting approval for the formal takeover of Everton could end up having provided more than £100m in funding by the time they get the green light. The providing of funds ahead of a takeover being approved carries significant risk for 777 Partners. The money provided so far by 777 Partners has been done so via good faith payments, where the funds provided can be used to pay down the purchase price but also may be non-fundable, representing a potential sunk cost. On Friday, Everton were landed with the biggest points deduction in Premier League history after an independent commission found them guilty of the charges brought against them by the Premier League in March relating to breaches of profit and sustainability rules.

Source: Metro November 18, 2023 13:40 UTC