Everton 'close' to Kings Dock deal

It had been expected that Everton would accept an offer from shareholder Paul Gregg whereby he would purchase the 50% share and which the club would then buy back off him over a period of time. This offer came about after it became apparant that Everton were struggling to raise the required cash.

However, it now appears that they have managed to do so, although quite where the money is coming from is unclear.