Everton FC has signed a landmark finance deal with a Chinese bank that could bring in tens of millions of pounds over the next three years.
And the club says the £60m deal could open up new opportunities in the massive Chinese market.
Industrial and Commercial Bank of China – the world’s biggest bank – has agreed to give the club a £60m three-year credit facility.
* What’s the money for – is it for the stadium?
It’s not for the Bramley Moore Dock stadium plan– £60m wouldn’t be anywhere near enough for that project.
Instead this money will be used for the club’s day-to-day spending, whether on transfers or other activities.