Everton await confirmation on Fortress money

Last updated : 25 January 2005 By Austin Rathe
The deal has been delayed for some time, prompting fans to question its validity. However, leag snags in Brunai are being blamed, and they should be sorted out today.

Speaking from Switzerland last night, Mr Samuelson said: "Tomorrow morning I am expecting to receive the formal documents approving the fund. We have had to make last-minute adjustments to the management company of the fund but I have been promised almost instant approval by the regulator.

"The fund can then receive the money from the subscribers and we can then confirm with the club the money has been received. Then it will be up to Everton to call an EGM to approve the deal."

That EGM would take place at some time in Febuary. Whilst this money isn't much use now, one would assume that a good chunk of it would go towards a summer transfer budget.