Stefan Borson
Tue 11 March 2025 20:00, UK
Everton’s owners The Friedkin Group (TFG) has been making efforts to improve the club’s financial situation following their previous struggles under Farhad Moshiri.
TFG, which is spearheaded by Dan Friedkin, completed its takeover of the Merseyside giants in December last year.
The American billionaire, who also owns Roma, acquired a 99.5 per cent stake in the club after bringing to an end Moshiri’s eight-year spell at Goodison Park.
The Athletic reported on 6 March Everton have now agreed a £350million refinancing package for their new stadium.
The funding has been arranged by JP Morgan and replaces borrowing that supported the construction of the 52,888-capacity venue, which will be the club’s new home from the start of next season.
Finance expert Stefan Borson exclusively told Football Insider the Merseysiders will cut their interest bill dramatically following the agreement.
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Everton’s owners want to take a US-style approach towards matchdays at the new stadium as they aim to boost their revenues.
Deloitte’s 2025 Money League revealed the club’s turnover rose from £172million in 2022-23 to £183million last season.
Everton
Everton have agreed high-quality deal
Borson insisted Everton have secured a deal with high-quality debt providers after agreeing the refinancing package.
He told Football Insider: “The first thing is it’s going to cut their interest bill very dramatically, but it’s going to cut it in two ways.
“First of all, they’re going to have a lot less debt than they had before, so there’s a lot more equity in the mix on the balance sheet from the new owners than there was historically.
“We have already seen a whole load of the Moshiri debt is gone, a whole load of the other third-party debt is gone, and it’s been replaced by £350million here from JP Morgan and the syndicate.
“I’m sure that has got various guarantees from the Friedkin’s or at least has got their covenant and their sort of sponsorship from the Friedkin’s, so the security that’s needed, and it’s also secured on the stadium.
“The numbers suggest they have managed to get that at around 3.8-4 per cent. If you look at the way it’s been reported at four per cent interest, that’s going to cut their interest bill very dramatically.
“At £350million, four per cent is around £15million a year maybe on interest, so that’s all good.
“The flip side is they could have funded the whole thing in equity and they wouldn’t have any interest at all. It’s still going to have an impact because it’s still going to be in the mix for the PSR calculation.
“But it’s positive because they’ve got high-quality debt providers.”
Position Team Played Points GD
14 Man United 28 34 -6
15 Everton 28 33 -4
16 West Ham 28 33 -16
17 Wolves 28 23 -19
Premier League table (as of 11/03/2025)
Everton in advanced talks to agree Rob Newman deal
Football Insider revealed on 10 March Everton are in advanced talks with Rob Newman for him to become their new head of recruitment.
The 61-year-old previously worked with manager David Moyes during their time together at West Ham, while he has also worked at Manchester City.
Newman oversaw the signings of the likes of Lucas Paqueta during his time at the London Stadium before leaving at the end of last season.
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