Important’ Everton Takeover Update Has Just Been Given As Dan Friedkin Discussions Continue…

Everton’s ownership situation has been one clouded in mystery for years now.

After all, with Farhad Moshiri’s desperation to sell there for all to see, and his decision-making having been called into question well before his interest in the club drifted, many feared how he might go about exiting.

Well, with how the 777 Partners debacle dragged on, it arguably went exactly as many expected.

Thankfully, Dan Friedkin has now emerged as the outstanding takeover candidate, with glowing recommendations from many on his work.

However, the lack of communication regarding any progression has fans fearing the worst.

 

Dan Friedkin Everton takeover update
Things have gone all quiet on the takeover front, and as is only natural, Evertonians are beginning to worry.

After all, 777 Partners went extended periods of time without informing fans of any progress or their long-term ambitions, and we all know how that ended

However, one worried fan wrote to journalist Paddy Boyland, who has sought to assuage fears, writing for The Athletic to explain how the Toffees are funding their summer: ‘The first is that Friedkin’s loan, together with season ticket income and TV money, provides financial security for now. This wasn’t a given, of course, at the start of the summer.

‘The Friedkin Group continues to do their due diligence into a potential takeover and it remains on track, but this is not yet a formality. There is still a way to go and exclusivity can be extended if necessary.

‘Then you have transfer proceeds from Godfrey (for an initial £11m) and Lewis Dobbin, who moved to Aston Villa for £9m. Although they usually come in the form of instalments, it does give Everton extra wiggle room when it comes to making payments.

‘The final one, and just as important, is that all deals are being done on a “buy now, pay later” basis, with most of the fees due later on in the contract.’

Dan Friedkin is bound to run into some hurdles
Realistically, this was never bound to be a streamlined takeover process.

After all, we only know what we are told regarding the ownership of this club and its various missteps, and that alone springs up numerous untold horrors.

So, one can only imagine how many more skeletons Moshiri has within his closet, only built upon by the eight-month period where 777 Partners sought to get into power too.

The debt structure and relentless financial mistakes over the years have piled up to a ridiculous degree, and Dan Friedkin will only really be seeing the true extent of that now.

However, he will have known what he was walking into.

This process will take a while, but it will likely be nothing new to him. AS Roma was riddled with similar issues, and he was still willing to take the plunge.

Such a wait is common, and no need for concern just yet.