Finance Expert: Farhad Moshiri to lose a fortune after Everton takeover agreement

Stefan Borson has claimed Farhad Moshiri will have “lost a fortune” ahead of the impending Everton takeover of The Friedkin Group.

The Toffees takeover saga finally looks to be coming to an end after what has felt like a lifetime of the Iranian businessman looking to sell.

Dan Friedkin could complete the takeover in the next six-to-eight weeks at Goodison Park [The Guardian], after multiple failed attempts from him and others.

Speaking live on talkSPORT (24 September, 10:43 am), finance expert Borson shared an insight into the takeover and the debt of the club.

“I think this is the key point about the new bid, it’s going to be a reset of the balance sheet so he’s coming in and he’s already got the £200million in there himself so that can be put to one side,” he said.

“He’s going to deal with the Moshiri side by paying him a very small amount of money upfront for the equity and effectively write off a huge amount of debt.

“You know Moshiri and whoever is behind him has lost a fortune”.

Farhad Moshiri will be happy to sell Everton

While Moshiri’s reign has been full of trials and tribulations, there’s no denying that fans and the Iranian himself will be happy to be parting ways.

The businessman has been trying to offload the Toffees for what feels like forever and although he’s set to lose a massive chunk of money and get less than £50million from the deal, it’ll be a massive weight off of his shoulders [Bloomberg, 25 September].

The last few seasons have been tough for Everton and things don’t seem to be much different this term.

The club are nineteenth in the Premier League and has just a single point to their name but confirmation of the takeover could hand them a new lease of life that could catapult them up the table.

These are all ifs, buts and maybes of course but, as Paul Merson said, there seems to be “happy times” just around the corner if all goes according to plan [Sky Sports News, 24 September, 20:50].

In other Everton news, Aaron Lennon has shared what the Toffees must do to avoid relegation.

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