'This is bad news for Everton' - Finance expert reacts to Goodison takeover update

Everton takeover being delayed until January is not entirely good news for the Toffees, according to Stefan Borson.

The finance expert took to X to react to Ed Aarons and Will Unwin’s piece in the Guardian on 21 August that Textor is confident that if he can arrange a financing deal for the Bramley-Moore Dock stadium.

Textor is a part owner of Crystal Palace and will need to sell his stake in the Premier League side to complete the takeover of the Toffees.

Via X, Borson wrote: “This article will be well sourced but makes little sense. And if further borrowing/refinancing is required to get to January, this is bad news for Everton and highlights the cash concerns I and others flagged for the period after September…”

Everton find themselves in a less-than-ideal situation regarding the takeover

The delay in the takeover until January underscores several financial and operational concerns for the club.

Firstly, the need for refinancing to push the takeover into the new year suggests Everton might be facing immediate cash flow issues, which could affect daily operations, player acquisitions or even wage payments.

This delay also prolongs the uncertainty around the club’s ownership, potentially destabilising the team’s management and strategy, which is crucial during a competitive season.

Moreover, Textor’s requirement to sell his stake in Crystal Palace to fund the Toffees deal introduces another layer of complexity and risk.

If that sale doesn’t go through smoothly, it could jeopardise the entire takeover.

This situation not only keeps the Merseyside outfit in a state of limbo but also might deter potential investors or sponsors who prefer stability and clear ownership structures.

Ultimately, this scenario paints a picture of financial vulnerability and strategic uncertainty for the club, which is not ideal at all.

In other Everton news, the Toffees now have a clear run to sign a Premier League midfielder after a recent transfer development.

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 'This is bad news for Everton' - Finance expert reacts to Goodison takeover update appeared first on Goodison News.