Barclays Bank has called an urgent meeting with Premier League soccer club Everton, over mounting concerns about its financial state according to reports in the The Daily Telegraph.
Directors at the club appear to be locked in dispute and the club faces an overdraft of £5 million in addition to long-term debt of £30 million.
The bank is keen to find out where new money will be coming from, as the club look set to exceed their overdraft limit.
Last week Paul Gregg, the director in dispute with chairman Bill Kenwright, put forward plans for a £15 million investment on condition that both Kenwright and Jon Woods, another director, resign.
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