Everton FC has secured a $50m (£40m) loan from its potential new owners, US investment firm 777 Partners.
777 Partners has been interested in taking over the Premier League club for months but is still awaiting Premier League approval on the proposed deal.
Current majority shareholder Farhad Moshiri signed an agreement with 777 Partners in September that would see the Miami-based group acquire his 94.1% shares in the Premier League club in full.
The latest loan takes 777’s total cash injection into the club to over $180m (£142m) following another significant loan it provided last year.
The news comes six weeks after the Merseyside club was deducted 10 points for breaches of the Premier League’s financial fair play rules.
Everton was found guilty of breaking ‘profit and sustainability’ rules which followed the club posting financial losses for the fifth successive year in March after reporting a £44.7m deficit in 2021-22.
The latest financial injection will not be available for player transfers, but instead will be used for ongoing stadium costs and working capital.
The club’s new Bramley-Moore Dock stadium is due to open at the start of the 2025-26 season, with Moshiri estimating the costs will run to £760m ($926m).
EVERTON STRUCK WITH 10-POINT PENALTY
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