Potential future Everton owners 777 Partners have injected an additional £40 million into the club.
The Athletic reports that while awaiting approval from the Premier League for the proposed takeover, the United States investment firm provided a substantial loan in September, bringing their total financial contribution to over £142m.
Everton will be unable to invest the latest cash injection into their January transfer plans. The funds will be allocated towards ongoing stadium expenses and working capital.
The new Bramley-Moore Dock stadium, set to open in the 2025/26 season, is estimated to cost £760m, according to current majority shareholder Farhad Moshiri.
Moshiri agreed with a Miami-based group for the acquisition of his 94.1% shares in the Premier League club last September.
Everton have been plunged into a perilous situation, with the club handed a 10-point deduction for breaching the Premier League’s profit and sustainability rules.
The subject has become a hot topic in the footballing world, with many people slamming the Premier League for their outrageous treatment of the Toffees, who have also appealed the initial decision.
Despite their harsh treatment, Everton have kept their noses out of the bottom three, sitting 17th in the Premier League, one point ahead of Luton Town who have a game in hand.
But for their ten-point hit, Sean Dyche’s side would be two points behind mid-table Chelsea, making a push for their first top-half finish since the 2020/21 campaign.
Their financial situation would heavily restrict the Toffees from making any significant moves to reinforce the squad in the January transfer window unless they sell one of their prized assets.
However, the Merseyside club are unlikely to sanction a mid-season exit for one of their key players while they battle relegation and the threat of a further point deduction.
- Ratcliffe unable to spend big at Man United this summer due to PSR squeeze
- Fulham ready to offload Palhinha amid Chelsea, Man City & Liverpool interest
- Liverpool eye summer swoop for Crystal Palace defender Marc Guehi
- Premier League calls emergency meeting amid ‘New Deal’ settlement deadline
- Liverpool and Man United table proposals for Kylian Mbappe
- Chelsea poach Brighton recruitment chief Sam Jewell
- Southgate eyes uncapped replacements for struggling Phillips – but are they good enough?
- Should Chelsea try to rescue Kane from Bayern nightmare?
- West Ham shortlist three managers to replace David Moyes
- Ratcliffe to cut around 250 jobs at Man United amid restructuring