Everton on course for extra £18.7m windfall after 777 Partners pre-takeover funding

Everton’s financial future significantly hinges on their Premier League standings, as their position at the end of the season directly impacts their merit payments from the league’s broadcast rights.Currently in 16th place, the club stand to gain £15.6million, according to the Liverpool Echo.However, a jump to 15th would increase this to £18.7million, marking a substantial 49.6% increase from the previous season’s earnings for the same place.

Everton Goodison Park

 

The club has been subject to two separate points deductions this season, totalling eight points.Without these deductions, Everton would be in 14th place, which would bring in £21.8million.  Everton’s focus is on ensuring their Premier League status to maintain the substantial sums of money received annually through broadcast revenues.Survival in the league is also crucial for prospective owners  Partners, as it would provide security over revenue streams for the next season, making the completion of the takeover more likely.The club’s financial situation has been temporarily stabilised with a £15million loan provided by  Partners last week, bringing their total loans to the club to over £200million, however, there still remains a lack of clarity.These loans would have to be converted to equity if  Partners wishes to take over the club, per Premier League regulations.

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