football.london reported on Monday (8 January) that Arsenal are hoping to sign Onana in the January transfer window for less than £50million.
The report explains that the Toffees are holding out for that amount, but their hand may be forced due to Everton’s well publicised financial issues.
By coincidence or not, the Liverpool Echo revealed on the same day that 777 Partners had invested an additional £50 million in the club.
This brings the total amount loaned to Everton by the Americans to roughly £150 million, which will help fund day-to-day operations as well as the development of the new stadium.
Add in the £400 million borrowed from other large creditors, and the Toffees now have at least £550 million to repay at some point.
Supporters are hoping that 777 Partners will be granted the go light to take over the club, making that number less burdensome.
At this moment, however, it appears that money is constantly flowing into the club and will eventually have to be repaid.
That could suggest that some money needs to be recouped through a player sale this month, and Onana appears to be a wanted man.
Arsenal is reportedly interested in the midfielder, and Manchester United has also been connected [The Metro, 8 January].
Everton will want to avoid weakening their team this month, but it may be necessary.
If Arsenal’s bid comes close to £50 million (say, £45 million), the Toffees will have to make a huge decision. Let’s hope they can maintain their composure in any negotiations.
In other Everton news, journalist Paul Brown has questioned a “strange” transfer situation at Goodison Park.
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