The £100million-plus loan from 777 Partners could impact Everton and their January transfer budget.
That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that there will be concerns at Goodison Park over their short-term cash management.
The Toffees struck a takeover deal with US group 777 Partners back in September, but the process is still not completed with the Premier League hesitant to approve the deal due to concerns over the source of funding.
Ex-Everton chief executive Keith Wyness told Football Insider that the takeover deal is now at risk of collapsing.
The Times report that 777 Partners have already loaned over £100million to Everton to assist the club’s day-to-day operations, but their support could be cut off if the takeover collapses.
Maguire believes the Premier League are under huge pressure over the takeover decision which will be causing concern at Everton over their short-term finances.
“In the short term, the main concern for Everton is what happens if the 777 takeover is vetoed,” Maguire told Football Insider’s Sean Fisher.
“The Premier League is under huge pressure over that decision with the independent regulator now looming in the background.
“So I think that the main consideration is short-term cash management.
“It’s not in 777’s interest to take that money back.
“So when it comes to debt itself, that is not a problem – servicing debt is the issue.
“777 Partners are already lending £100million to Everton and that is a significant amount.
“It’ll be interesting to know whether that’s interest-free or whether that comes with an interest service charge which will have a knock-on impact in terms of Everton’s day-to-day cash flow and their ability to spend in January.“
In other news, Everton plan to terminate Mason Holgate’s Southampton loan
