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A nasty thing to happen to the Kane family but thankfully the news is good.
Everton news, and it’s rarely good news, is it? This time, it’s news on the source of their financing loans, and a name familiar to horse racing fans, Michael Tabor, has come up.
Everton, a founder member of the Football League and the Premier League, is now believed to owe more than £500m to third-party lenders. Most of the interest charges reported in its annual report appear to relate to about £225m of debt built up with the club’s largest lender Rights & Media Funding (RMF). About £23m in interest was paid by the club in its last financial year and more than £7m in the two previous years.