Everton are now seemingly just a matter of hours away from their proposed takeover being pushed over the line.
After a long time of waiting, the Everton takeover saga is finally set to come to an end with The Friedkin Group set to be handed the keys.
It has now been suggested that the Friedkins could complete their takeover on Thursday with Wednesday initially tipped as the potential date.
However, it is close and is only a matter of time before the handover begins to the American billionaire.
The takeover may be close, but there are a number of issues needing to be resolved when The Friedkin Group do land on Merseyside.
The AS Roma owners Dan and Ryan Friedkin celebrate the victory with Lorenzo Pellegrini after the UEFA Conference League final match between AS Roma...
Photo by Fabio Rossi/AS Roma via Getty Images
The Friedkin Group could purchase shares from Everton fans
There is some discussion surrounding the value on some of the Everton shares which are being sold to The Friedkin Group by Moshiri.
Speaking to Everton News, TBR Football’s financial expert Adam Williams has provided his understanding of the situation.
“I believe The Friedkin Group would have the option to purchase all the shares, including the four or five per cent that are fan-owned, as part of the purchase agreement,” he said.
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“In terms of the value of the shares, I personally think it’s largely immaterial. The shares don’t carry any power so, besides being a memento, don’t have much market value in real terms. The shares trade on that sentimental value, so they trade based on whatever.
Shreholder Percentage
Blue Heaven Holdings (Moshiri) 94.1%
Bill Kenwright 1.3%
Others 4.6%
“The issue is the conversion of the shareholder loans into equity, which would dilute the minority shareholders pretty significantly,” Williams added.
“The solution would be to issue a class of shares that don’t have any voting rights. That way, the number of fan-owned shares would decrease but they would carry the same voting power as they do now.
“I think they will probably do something in this area – or, at least, they would be wise to. The last thing The Friedkin Group want to do is upset bedrock supporters when they are just through the door.”
The Friedkin Group are set to make an impact at Everton
With the Friedkins close to being the new owners on Merseyside, they are arriving just ahead of the January transfer window.
Big changes are needed both on the pitch and off it at Everton with the Toffees struggling in 16th position in the Premier League.
Sean Dyche and Kevin Thelwell are expected to be sacked in the New Year once the new owners get their feet under the table.
New ownership will provide fans with a sense of optimism ahead of their move into their new stadium this summer.
But it is not going to be a straightforward January with Everton still restricted by PSR when it comes to their spending power.
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