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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.[/article]
[article]* What the heck is a “credit facility”?
Everton will not just get £60m cash upfront. Instead, the deal means that a £60m funding pot is always available for Everton to dip into.
It’s similar to an overdraft. You don’t have to use it – but if you do, you can use it instantly and you know how much the borrowing will cost you.
So for the next three years, Everton bosses know that they will always have up to £60m to borrow.
And just like an overdraft, the facility is always there. They can dip into it and pay it off and still have £60m available.
In other words, Everton could get more than £60m in funding from this deal, depending on what they choose to do with the credit facility.[/article]
Me neither, there's a talent in there that's been fucked around under various managers. He's at a crucial stage now though where he needs a decent coach or he'll probably fade into obscurity.
Its a tough one - his only real quality is set pieces and unless Baines is now out of their team (I don't know if he is or not?) then that doesn't strike me as a massive weakness? I'd also expect Rooney to be fighting to take threatening free kicks anyway..
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