777 Partners to finance Everton until January despite no certainty about takeover

The US investment group are still waiting to discover whether they will be able to complete their proposed takeover of the Blues in the next few months.
Everton v Burnley - Carabao Cup Fourth Round
Everton v Burnley - Carabao Cup Fourth Round / Jan Kruger/GettyImages

Since the surprise announcement of 777 Partners agreement to take full control of Everton in September, there has been a continuing wait for approval of the deal from the authorities.

Meanwhile, there have also been constant stories about the group themselves, their finances and whether they can actually provide the money to complete this takeover.

And of course, there has been a great deal of other things happening to the Toffees with the points deduction obviously having radically changed and complicated the club's situation still further.

That deduction has left the possibility that the Blues might be relegated considerably greater throwing the group's takeover into further doubt.

It could also mean that the club might even face administration whether due to relegation or as a result fo further Premier League investigations, something which hasn't been ruled out.

Lost to some extent in all the upheaval recently is the fact that since October it appears that the still current owner Farhad Moshiri, hasn't been putting any money into Everton.

So, 777 Partners have apparently been providing loans to help cover costs and continue to finance the new stadium build at Bramley-Moore Dock.

Now, with approval for the takeover still to be decided and no date for a decision pending, the Miami-based group have committed to provide essential finance until the end of January, at least.

That though surely means there will be no money available for player spending in the transfer window (unless the takeover gets approval in time which looks very unlikely) meaning Sean Dyche won't be able to strengthen his threadbare squad in the New Year.

The fact that it has taken so long for the various hurdles to be cleared (or not as the case may be) is yet another frustration and irritation for Evertonians, coming on top of the points deduction and all the other off-the-field problems that have dogged this club for so long.

However, despite all these backroom issues and uncertainties, Dyche's team are continuing to impress and with Sunday's 2-0 win over Chelsea at Goodison Park - importantly the second home win in a row - the Toffees have almost recovered all the points taken off them by the Premier League's commission.

Having said that, it would be good, to put it mildly, if we could finally have a bit of stability and certainty behind the scenes at this club to aid Dyche and his players as they continue to build something solid at last on the pitch.