A £300 million development emerges as the Everton-777 takeover takes a new turn – Finance Expert
According to Kieran Maguire, Everton renewed their loan with Rights & Media Funding Ltd, but there is something odd about the deal.
According to the data given by Companies House, the football finance expert discovered that the company had no registered employees.
They have almost no assets and owe £300 million to Cyprus and the Bahamas.
Maguire stated on Twitter, “Looks like Everton have also renewed/extended their loan with Rights & Media Funding Ltd, the mysterious company with no employees, hardly any assets except a loan book, and £300m of debts from Cyprus & the Bahamas.”
Shady
This comes after David Ornstein of the Athletic claimed that the club had obtained a substantial loan from 777 Partners.
It’s mind-boggling how many twists and turns this tale has already taken, and it’s very clear that everything isn’t right with Rights & Media Funding Ltd.
No reputable corporation can sanction such a large loan if it lacks personnel and assets.
Only those involved in the details of the transactions will know what’s going on, but it doesn’t look good from the outside.
Everything should be clear in the next weeks, as getting away from Farhad Moshiri was necessary, but not under dubious conditions.
Everton is a historic football club that represents everything to the local people, and anything that happens above ground must be prohibited.
In other Everton news, a senior Toffees player was turned down owing to a lack of quality, and he is now expected to stay at Goodison Park.
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