'Friedkins secure early finance deal at Everton' - Expert shares 'good' update

The Friedkin Group look to have secured an early financial agreement at Everton after rescheduling a loan with investment group JP Morgan, according to Kieran Maguire.

It was officially confirmed last week that the US-based group had purchased a controlling stake in the Toffees from Farhad Moshiri.

Prior to that, it had been suggested the Friedkin’s were in talks with JP Morgan about restructuring a loan deal as they looked to make the club financially secure, but that no deal had been agreed.

Now though it seems as though an agreement has been reached, with football finance expert Maguire revealing a Companies House sheet indicating Everton have rescheduled a loan with JP Morgan.

Everton can be encouraged by Friedkin Group actions

Football Insider Opinion

Right now it finally looks as though Toffees supporters can feel optimistic about what has happened since the Friedkin Group became involved with the club.

Even before the takeover was confirmed, they did seem to be doing plenty of work to put Everton in a more stable financial position.

Given how uncertain things have been in that regard in the recent past means that will be a welcome relief for everyone connected with the club.

The fact this agreement has now been done to adds further reason for confidence, as it shows they are serious about putting things right, rather than just working for optics prior to completion of a deal.

Considering how soon after the takeover was confirmed this has come it also seems as though the Friedkin’s will be running the club in an efficient manner which will surely be welcome too.

As a result after a long period of uncertainty and instability, many connected with the club many finally feel they can start to be hopeful about the direction it is heading in again.

In other news, a Ligue 1 club are plotting a January move for an Everton player.

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