Everton takeover: Stefan Borson reveals when deal will be done

Dan Friedkin could complete his takeover deal to buy Everton in the next four to six weeks after paying off one of the club’s biggest debts.

That is the view of finance expert Stefan Borson, who exclusively told Football Insider the American businessman should be able to get through the Premier League’s owners’ and directors’ relatively easily compared to 777 Partners.

777 were granted exclusivity last September in its bid to buy Everton, but the Miami-based company were unable to complete the deal.

The Friedkin Group has now become the latest party to be given the opportunity to take on Farhad Moshiri’s 94.1 per cent stake in the Merseysiders after agreeing a deal in principle with the club’s owner.

The takeover has moved a step closer after the Texan company has paid off the club’s £158million loan to New York investment firm MSP Sports Capital.

Dan Friedkin to pass through Premier League test with ease

Borson expects Friedkin will have had extensive discussions about the legal details surrounding Everton before it was announced he had paid off the debt.

He told Football Insider: “Friedkin now has to complete his due diligence, which you would think would be a relatively smooth process because all of the data will already be in the data rooms.

“I would expect Friedkin would have had extensive discussions before the announcement about the legal details of Everton, its contracts and everything else.

“You would think Friedkin would be able to get through the owners’ and directors’ test relatively easily as well compared to 777 Partners.

“You would assume in the next four to six weeks Friedkin will be able to complete that transaction and Everton’s future can begin.”

In other news, Everton “confident” of midfielder deal as Tottenham swoop.

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