The Esk: Everton have 'Huge' cash calls ahead of them, first is in 12 months

Everton have “huge” cash calls ahead of them, with the first repayment of The Friedkin Group within 12 months, according to The Esk.

While it is understood that the club can become “self-funding” when it comes to finishing off the building of Bramley-Moore Dock Stadium, the Toffees still have a lot of debt to address.

One of the major stumbling blocks of 777 Partners’ takeover attempt was the £158million owed to MSP Sports Capital, which was paid off by Dan Friedkin before his deal collapsed earlier this summer [Liverpool Echo, 24 June].

With no takeover deal in place with the AS Roma owner, however, and the Friedkin Group investing £200million into the club, the Toffees now need to make some important decisions surrounding the owed money.

Writing via his website on Wednesday (15 August), The Esk said: So Everton have huge cash calls ahead of them, the first (repayment of Friedkin) with 12 months. Therefore, the term ‘self-funding’ can only relate to our ability to pay contractors, not meet our liabilities to those who have provided the funds to date.”

Everton to make “huge” decisions with Dan Friedkin repayment due

Fans of the Merseyside club are extremely excited about the new Premier League starting, especially after the summer transfer business, and rightly so.

But, there are still several issues to address behind the scenes as Farhad Moshiri continues to search for a way to sell the club while also attempting to pay off existing debts.

Evertonians were gutted when Friedkin’s takeover attempt fell through, with more and more concerns being raised around the club’s financial situation, with a third set of point deductions being mooted [Matt Hughes].

Thankfully, a takeover agreement has now been signed with John Textor, although it does rely on him selling shares at Crystal Palace first [David Ornstein].

The passionate fans at Goodison Park just want to see their beloved team fight another season in the Premier League, but the constant worrying about the money side of the game has been evident for far too long.

The building of Bramley-Moore Dock is nearing its finish, which could have hugely beneficial financial gains for the Toffees, but with 12 months until Friedkin needs repaying, the club needs to make some important decisions.

In other Everton news, Gary Neville and Jamie Carragher were left in stitches after what they said about the Toffees.

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