Everton supporters will wince when they learn that 777 Partners’ loan has a Premier League takeover condition.

On February 2, the Daily Mail revealed that the club had agreed to a new loan from the American investment firm, subject to the Premier League‘s impending verdict on the planned takeover. The UK news source revealed on page 69 of its print edition from February 2 that the most recent loan of £30 million was granted under the condition that their takeover was authorized right away. However, because the decision is still weeks away, that cannot be guaranteed.

According to reports [Daily Mail, 1 February], 777 has agreed to lend Sean Dyche’s side money this month, bringing their total loan amount at Goodison Park to £190 million. However, this loan sum does not seem to be the same as prior investments made to the club.

The American investment company is giving Everton the money they need to pay salaries and build their new Bramley-Moore Dock stadium, but these loans are casting further doubt on the club’s financial situation. Everton is still owed £140 million by MSP Sports Capital and £200 million by Rights and Media Funding, and the team’s debt is reportedly growing at an accelerated rate.

777 Partners’ stance won’t go down well

It is really puzzling how 777 Partners came to believe that the most recent loan was approved only if a takeover was near. After all, their loans had no bearing on the outcome. The American investment firm is acting with arrogance, and the only reason the process is taking so long is because of where their money is coming from. They seem to be attempting to exert their influence already.

No takeover has been approved, but just because they’re funding Everton doesn’t mean the Premier League has to make a judgment quickly or under duress. That isn’t how the process works, and this is just another contentious move by 777 Partners, who are instilling uncertainty in the Everton supporters rather than hope.

Some Toffees supporters will be mortified by this decision, as the American investment giant has given troubling signals that it is ill-prepared to handle the Premier League. After the 10-point deduction, Everton is already at odds with the league. They are currently awaiting a decision on their appeal, and following their protests during the 2-2 draw with Tottenham, supporters have already voiced their concerns.

Read more on sportupdates.co.uk