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, the 66-year-old – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – insisted that Everton must urgently reduce their debt.on Sunday revealing a turnover of £172million and an overall loss of £89million.
The documents also revealed that the debt levels at Goodison Park have soared to £330million as a result of loan deals taken with 777 Partners and MSP Sports Capital., the Premier League are now “minded” to approve the takeover deal of 777 Partners provided that they convert their loans to equity and provide funding for the stadium construction.that Everton must find a way to reduce their debt.,” he said.
Join the Football Insider WhatsApp channel to get all our exclusives and the breaking transfer news FIRST.They are also putting money into some sort of escrow for the rest of the season and showing that they’ve got the money for the rest of the stadium build.They continue to be very bullish, saying that they expect to be approved and that they can meet conditions.
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Everton takeover: 777 Partners latest after Premier League approval claimA report claims to have seen a letter from the Premier League board to 777 Partners saying 'it is currently minded' to back the offer to complete a takeover of Everton
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Everton borrow more money from 777 Partners to cover wages and stadium costsEverton could also hear the verdict of their second alleged breach as early as next week
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