Texas-based consortium in constant dialogue with Everton as options open for takeover - report

Everton and the Friedkin Group have been in constant dialogue due to the latter being owed £200million from the former, according to Dave Powell. The... The post Texas-based consortium in constant dialogue with Everton as options open for takeover - report appeared first on Goodison News.

Sep 17, 2024 - 13:00
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Texas-based consortium in constant dialogue with Everton as options open for takeover - report

Everton and the Friedkin Group have been in constant dialogue due to the latter being owed £200million from the former, according to Dave Powell.

The Chief Business of Football Writer for Reach Plc claimed on 16 September that Dan Friedkin has not closed the door on returning to the fray to buy the Toffees.

Dan is the CEO of the Houston-based privately held consortium of businesses that also own Roma.

Powell wrote on X: “Friedkin not closed door on EFC takeover return (ht to @business). TFG been in regular dialogue with EFC as a major lender (£200m), and TFG and Textor would need to settle at POS if latter were to buy club. Reading of this, & some sources corroborate, is TFG keeping options open.”

Everton are not benefiting from the takeover uncertainty

The club’s debts, including the £200 million owed to Friedkin, underscore the financial instability that could jeopardise operations and investments in the future, like the project at Bramley-Moore Dock.

Friedkin’s prior exit from negotiations, despite his financial commitment, has left Everton in a state of uncertainty, which could deter potential investors and affect club performance.

If the American is genuinely committed, his continued engagement signals an interest in a more permanent role.

However, his history of backing out, as he’s done something similar at Roma, suggests a need for decisive action.

Now, the Toffees must hand him an ultimate and gauge whether he commits fully or allows another investor like John Textor to proceed, providing the club with the stability they desperately need.

Everton Farhad Moshiri
Everton majority shareholder Farhad Moshiri

A prolonged period of indecision could further destabilise the Blues, making a prompt resolution critical for all stakeholders involved.

In other Everton news, an update has emerged on a new manager being appointed post the takeover as Sean Dyche faces the sack.

For more Everton news, follow us on Facebook or join our brand new WhatsApp Channel for instant updates to be sent straight to your phone.

The post Texas-based consortium in constant dialogue with Everton as options open for takeover - report appeared first on Goodison News.

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