AliousEverton FC announced on July 19 that The Friedkin Group (TFG) has withdrawn from negotiations to purchase the club.
TFG had been granted exclusive negotiating rights last month and was optimistic about finalizing the deal before the new season began.
However, TFG decided to back out after discovering debts accrued by previous potential buyers, 777 and US insurer A Cap.
This news is a significant setback for Everton supporters who had hoped TFG would bring stability to the club after years of turmoil under Farhad Moshiri’s ownership.
There are now concerns that Everton could face administration, which would result in a nine-point deduction in the Premier League.
TFG has already loaned Everton £200 million for the stadium development at Bramley-Moore Dock.
According to journalist Dave Powell, TFG is not seeking an immediate return on their investment after paying off the MSP loan and is willing to cooperate with potential new owners.
The collapse of the deal is reportedly due solely to financing issues related to 777.
The situation is further complicated by fraud allegations against 777 and A Cap by Leadenhall Capital Partners, an insurance industry specialist.
While both 777 and A-Cap deny these claims, A-Cap is facing financial difficulties.
TFG ultimately deemed the risk too high to proceed with the purchase.
Everton currently owes over £600 million to various stakeholders, and the club’s future appears uncertain with no quick solutions in sight.
Alious
