Everton in talks over alternative funding to 777

Football
16 May 2024 • 12:55 PM MYT
Tribal Football
Tribal Football

Tribal Football covers news from the Premier League, LaLiga and Serie A

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Premier League side Everton may have been given a lifeline in terms of their financial situation.

The Toffees are said to have been offered a loan of up to 150 million by a private equity company.

The club, per Bloomberg, are talking to lenders who specialize in dealing with companies who have distressed debt.

Everton need the loan to help with the completion of the club's new stadium at Bramley-Moore Dock.

Per the BBC, there will be a lot of work going on behind the scenes to ensure the terms are favorable.

However, such a loan could get the club out from under 777 Partners and financially solvent for the present.