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Everton sign finance deal with 'world's biggest bank' that provides £60million boost to future transfer budget

The agreement could open up new opportunities in the massive Chinese market for the Toffees

The financial boost comes as the Toffees look to sign back Wayne Rooney(Press Association)

Outgoings at Everton have been turning heads during the summer transfer window as the club splashes the cash on new names.

But a significant financial boost is headed for Goodison Park after a deal was struck with a Chinese bank.

The Liverpool Echo report that a £60m deal with the Industrial and Commercial Bank of China could open up new opportunities in the massive Chinese market.

The institution described as the world’s biggest bank – has agreed to give the club a £60m three-year credit facility.

It’s the bank’s first deal with a Premier League side and the company says it’s proud to have chosen such an “ambitious club” to work with.

The deal with ICBC could open up new opportunities in the massive Chinese market(AFP)

The new finance deal comes as Everton are embarking on a spending spree, with the acquisitions of Sandro Ramirez and Michael Keane announced on Monday.

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.”