Farhad Moshiri, Dan Friedkin, Everton badge
Moshiri is set to leave Everton [Credit - Imago]
Dan Plumley
Mon 16 December 2024 11:10, UK
Farhad Moshiri and Dan Friedkin converting loans into equity would be a “really significant” move for Everton, Dan Plumley has said.
The Esk recently shared that the balance sheet could be considerably stronger with £650million of loans likely turned into equity ahead of The Friedkin Group takeover.
With the takeover now finally days away, Moshiri could convert the £450m Bluesky loans at Goodison Park, with the Friedkins already loaning £200m in their push for control.
“If it is to be converted into equity, that is a really significant move for the club in terms of the finances and what it looks like for the balance sheet,” he exclusively told Goodison News.
“The cleaning up of the balance sheet can make it look healthier and alleviate some of that burden of debt and potentially allows the club to move forward in the future.
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“I’m sure that will be what Everton fans will be absolutely wanting at the end of this, so if that is to be the case and those loans are converted into equity, that is a really positive step in the right direction for the finances of the club.”
Everton buyer Dan Friedkin
Dan Friedkin looks set to buy Everton from Farhad Moshiri
With the takeover potentially confirmed on 18 December, the early Christmas presents may not be stopping for everyone involved at Everton.
Having new owners in place doesn’t immediately fix financial issues, the converting of these loans to equity certainly would go a long way straight off the bat.
Hopefully, the positive news keeps on coming at Goodison Park.
In other Everton news, Alan Myers has issued a January transfer update after the recent takeover development.
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