Everton have agreed a whopping £60million deal with the Industrial and Commercial Bank of China.
The Blues have not been shy of spending big during the current summer transfer window due to the financial backing of wealthy owner Farhad Moshiri.
And now to further boost Everton's spending power, it can be revealed that the Toffees have agreed a lucrative £60million partnership deal with the Industrial and Commercial Bank of China and confirming the agreement.
Everton director Sasha Ryazantsev said: "We are pleased to have entered into a partnership with ICBC which will increase our financial flexibility, reduce refinancing risk and lower funding costs, while adding to the list of Everton's 'firsts'."
Jothann Durnall, relationship manager at ICBC London, added:"There are a number of reasons we're delighted to reach this agreement with Everton. Not only is it our first partnership with a UK football club, but it's exciting for us to partner with such an ambitious club. We're all looking forward to seeing the facility we've agreed playing a part in the club's future successes."