AliousAccording to finance expert Stefan Borson, the delay in Everton’s takeover until January is not entirely good news for the Toffees.
Borson reacted to a Guardian report that said Textor, the part-owner of Crystal Palace, is confident he can arrange financing for Everton’s Bramley-Moore Dock stadium.
However, Textor will need to sell his Palace stake to complete the Everton takeover.Borson stated that the article is well-sourced but makes little sense.
He said that if further borrowing or refinancing is required to push the takeover to January, this is bad news for Everton and highlights the cash flow concerns he and others have previously raised for the period after September.
The delay in the takeover until January underscores several financial and operational concerns for Everton.
Firstly, the need for refinancing suggests the club may be facing immediate cash flow issues, which could impact daily operations, player acquisitions, or even wage payments.
The delay also prolongs the uncertainty around the club’s ownership, potentially destabilizing the team’s management and strategy during a crucial competitive season.
Moreover, Textor’s requirement to sell his Crystal Palace stake adds another layer of complexity and risk to the deal.Ultimately, this scenario paints a picture of financial vulnerability and strategic uncertainty for Everton, which is not an ideal situation for the club.
The delay in the takeover is not entirely good news, as it highlights Everton’s cash flow concerns and the potential risks and instability it could bring to the club.
Alious
