777 Partners have presented a new loan offer to Everton this week despite their threats to cut funding, sources have told Football Insider.
The US group had threatened to stop lending cash to the Toffees until their takeover agreement had been approved by the Premier League.
However, they have completed a U-turn on their threat and have decided to continue their financial support at Goodison Park.
777 Partners struck a £500million takeover agreement with club chairman Farhad Moshiri in September, but concerns over their source of funding have delayed the deal from being completed.
Sources have told Football Insider that 777 Partners have tabled a new loan offer worth “tens of millions” to Everton to help cover stadium funding and wage costs.
777 Partners provide new Everton cash amid latest takeover twist
777 Partners have already provided several loans to the Merseyside club and this new offer will take the total amount owed north of £200million.
The new loan is expected to be received by Everton this week in anticipation of an approved takeover agreement in mid-April.
The Premier League have given the “conditional approval” of 777’s takeover deal according to Josimar.
As revealed by Football Insider, 777 Partners held face-to-face crunch talks with the Premier League earlier this month.
It is understood that the takeover agreement will be ratified if they pay off the existing creditors at the club and prove they can source funds for the stadium construction.
If the takeover deal is approved by the Premier League, all loan deals with 777 Partners are expected to be converted into equity by the US group.
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