'Sounds like...' - Finance Expert reacts to imminent debt payment update at Everton

Stefan Borson has reacted to news that Everton are looking to make arrangements to resolve some of the short-term debt at the club.

The Esk reported on his X account [9 September] that the Blues are expected to announce short-term debt funding arrangements this week to meet the immediate cash flow requirements.

Finance expert Borson replied to the post on his X account [9 September] with his take on the news.

He said: “Sounds like relatively good news. Anything to relieve pressure on cash is a positive.”

Everton look to short term while ownership debacle goes on

Everton supporters are bored to death with the prolonged ongoing takeover and their well-documented financial woes, but this is a positive sign for all involved with the club – for now, at least.

Following the news that the Premier League will pay the majority of the legal fees issued to the Blues [The Times] for breaching the Profit and Sustainability rules last season, it seems Farhad Moshiri is taking steps to rectify the finances before he passes on the reigns at Goodison Park, when someone else will have to deal with it.

However, Everton are not out of the tunnel just yet. Their debts are reported to mount upwards of £600 million [Daily Mail] and will continue to rise. The only way out for the Blues is for new ownership to take control of the club.

There is also the issue of Dan Friedkin and the loan he paid to the Blues during their failed negotiations to purchase the club. The loan needs to be paid by June 2025 [The Esk] and failure to do so will give the Friedkin Group legal rights to acquire the club from Moshiri should he still be in charge.

John Textor needs to get the gears in motion to sell his 45 per cent stake in Crystal Palace so he is free to pursue ownership of Everton. The sooner a new figurehead is instilled at Goodison Park, the sooner the club and the fans can move on from any topic related to finance and PSR.

In other Everton news, an early Jarrad Branthwaite update has emerged for the Blues team news against Aston Villa.

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