 Welcome to Toffey TV, this is the Everton News Daily. Toffey's have received a sizeable loan from 777 Partners. That was the news that broke last night. The payment is said to be worth tens of millions for working capital and for the new stadium builder. 777 will join the Everton Board in an Observer role during the approval process. That was according to David Ornstein last night. We're in that position at the moment where Farad Meshiri has agreed to sell the club to 777. That's got to go through. They've got to pass a fit and proper test with the Premier League. Everton quite clearly needs some work and capital right now. It seems that Farad Meshiri has said enough from his perspective in terms of funding the football club. The way this has been framed is that the loan has been put in because 777 can't put money straight into the club at the moment because they don't own the football club so it's been put in as a loan. What is unclear is the final amount and how much they're going to have to continue to do as we go forward in terms of finishing the stadium. When Farad Meshiri gave the statement last Friday that he had agreed to sell, he did say in his statement that full funding for the stadium had been achieved. Whether or not that means that there's just a commitment from 777 to finish it that way or whether he was talking about actually having that funding to pay for the rest of the stadium. Who knows? Who knows? But that is where we're up to with this. This of course is a story that will run and run until this is either completed or it isn't. On the back of that, the story then went on to say that because of evidence change of ownership, 777 to 777, it could trigger a repayment of loans to MSP who put in a loan of £100 million to have a football club. And also Andy Bell and George Downing who together put in £14 million a while ago for working capital as well. So that was framed as a big shock but I'm sure if 777 are going to take over these kind of things then they will be well aware of all of this. And the thing with a lot of loans is they don't always, they're not always repaid straight away. There is a lot of misinformation around with 777 at the moment and there is obviously a lot of factual stuff that's there as well. And I guess as Evertonians we're just going to have to sit and wait and let this one play out. I'm sure we're going to get more and more stories around this. MSP's role in this I think is really interesting because they were obviously speaking to Farad Mishiri. It looked as though that was going through with them. They were going to take a stake in the club. The £100 million was coming in. There was going to be £50 million for working capital. It just transpired that they were then blocked if they wanted a better way by writing media funding. They weren't happy with the amount of equity that MSP were getting for their money and it turned into a pure loan. But MSP haven't gone anywhere and you just wonder if there's a lot of noise of course around 777. There's a lot of stories being fed to the mainstream media and you just wonder if MSP are waiting in the background to see whether this actually does go through. And if it didn't go through, would they then come back to the table and take it over, which was the original plan? Who knows? That is just one line that is bouncing around at the moment so we'll have to wait and see as far as that are concerned. Evans Under 21s are live right now. If you are a season ticket holder or an official club member, that is live on Everton TV. They play Doncaster playing Doncaster Rovers away tonight so you can catch that one. And then the Under 21s are also live again this week on Friday night. They entertain Norwich City at Walton Hall Park and that game is streamed live on YouTube so you can check that one out. 7pm kickoff on Friday night as well if you can't make your way down to Walton Hall Park. And finally, Brisbane Roe had today completed the signing of Shay Cahill, the 18-year-old son of Tim, left Everton in the summit and he has agreed a multi-year contract with the Australian office. That is it for the Newsday League of the video. Thumbs up, subscribe if you haven't and if you want to become a Toffy TV Premier member. The link is in the description on the QR code that will be on the screen now. See you later.