Everton badge, Dan Friedkin
Dan Friedkin looks set to buy Everton from Farhad Moshiri.
Pranav Shahaney
Fri 6 December 2024 16:40, UK
The Friedkin Group appear to have put in a further £50million working capital into Everton, according to Stefan Borson.
The finance expert claims that things could’ve been much worse for the Toffees ahead of their takeover.
However, there are signs to be positive given their new stadium coming up at Bramley-Moore Dock and new owners, the club are well placed for a reset.
Borson wrote on X: “As I have been suggesting, this article appears to confirm Friedkin has put in a further £50million working capital loan since September. Total headline debt inc the Moshiri shareholder loan which will be written off/converted to equity is now £1.1billion.
“Things could be much worse. Brand new stadium, lots and lots of debt written off, new owner, well placed for a reset.”
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Everton fans can be excited ahead of the takeover
Toffees fans have a reason for cautious optimism as the club transitions into the Friedkin Group’s ownership.
The infusion of £50million in working capital by the Friedkin Group is a significant vote of confidence in the club’s future, providing much-needed financial stability during this transitional period.
This financial boost, coupled with the club’s new stadium at Bramley-Moore Dock, sets the stage for a comprehensive reset.
The new stadium represents not just a physical move but a fresh start for the club, potentially attracting new fans and increasing revenue streams.
Moreover, with the Friedkin Group’s experience in sports management and their commitment to writing off or converting a significant portion of Everton’s debt into equity, the club’s financial health is poised for improvement.
Fans can anticipate a new era of management focusing on sustainability, development and possibly more competitive investments in the team, aiming to steer the club back to prominence in the Premier League.
In other Everton news, The Friedkin Group are in talks with the world’s largest bank amid a £660million takeover ‘burden’.
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