Everton secure overdraft with TV money

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English Everton have recently secured their overdraft against the television money income for 2009/2010 season.

The club's overdraft, which stood at GBP 13.699 million on the most recent accounts (2008), was secured with Barclays bank at 3 percent plus base interest rate.

In 2008, the club spent GBP 1.6 million servicing the overdraft.

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