AliousThe Everton takeover saga continues as Dan Friedkin, the AS Roma owner, ends exclusive talks with Farhad Moshiri.
Moshiri, who owns 94% of Everton, is seeking £50m for his stake, despite the club’s £800m debt burden.
The situation is complex due to multiple third-party involvements.
Kieran Maguire, a football finance expert, explains that Friedkin likely walked away due to the risky financial situation involving 777 Partners, a previous potential buyer.
777 Partners is facing legal issues related to borrowing practices, which could lead to potential litigation affecting any new owner.
Maguire discusses the possibility of Everton renegotiating its debt, especially if 777 Partners goes into liquidation.
However, this is not guaranteed due to standard “change of control” clauses in lending agreements.
The expert also addresses the possibility of administration for Everton.
While it would result in a 10-point Premier League penalty, Maguire suggests some potential buyers might consider allowing administration to secure a cheaper deal.
Regarding future ownership, Maguire doesn’t rule out interest from Middle East sovereign wealth funds.
He notes that such funds might see potential in replicating Manchester City’s success in Liverpool, though this remains speculative.
Overall, the Everton takeover situation remains complex and uncertain, with various potential outcomes still on the table.
Alious
