'Minimum figure' - The Esk shares what Friedkin set to pay Moshiri for Everton takeover

Dan Friedkin is expected to pay Farhad Moshiri far less than 777 Partners were to purchase Everton, The Esk reports.

The Toffees analyst indicated via his website on 7 July that the American, who is currently carrying out due diligence on the deal after reaching an exclusivity agreement with the club’s majority shareholder, will only pay a “minimal consideration” for the shares themselves.

While the entire takeover is tipped to require as much as £900million in combined equity and long-term debt the amount that will go to Moshiri-owed company Blue Heaven Holdings for the his holding in the club is set to be a fraction of that amount, with a “minimum figure” of £25m reportedly suggested.

That is less than half than the £64m that 777 were reportedly willing to pay for the club in their ill-fated attempted buy-out last season.

Dan Friedkin to pay Farhad Moshiri less than 777 Partners for Everton

It is little surprise that the price of the club’s shares is so low when the levels of debt that need to be dealt with and the capital required for the stadium development are all factored in on top.

In light of the chaos of the past few years and the widespread awareness that Moshiri needed to sell it was always expected that the outgoing Toffees owner would likely need to take a significant financial hit.

His commitment to the doomed 777 deal was speculated to be due to their willingness to pay him the best price [The Esk, 9 May], as opposed to them being the most suitable for the club.

The Friedkin takeover process has so far appeared to be a smoother one and is not expected to descend into the sort of saga that the previous attempt did.

The Roma owner is thought likely to be waved through with little fuss by the Premier League [Tutto Mercato Web, 18 June] but the whole purchase is not expected to be done before the start of the new season [Alan Myers, 6 July].

Buying Everton is perhaps a more complicated prospect than at many clubs, thanks to the various significant creditors involved in the situation and the new stadium.

But at long last there appears to be hope that the new era is on the horizon and the club’s future clarified.

In other Everton news, a prominent Goodison Park figure has revealed he has been let go by the club.

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