View: Everton desperation for takeover brought into focus after finance update today

Everton and their financial troubles seem to be like two peas in a pod. For the longest time now it feels as if the Toffees have been battling things such as PSR and point deductions.

Last season was arguably one of the hardest in the Merseyside outfit’s history, with the club being hit with a record deduction for an English top-flight club owing to financial issues.

Everton have also already taken out multiple short-term loans to try and solve their cashflow issue.

Due to the interest on top of the loans needing to be paid back, these short-term loans are crippling the club and causing further problems.

The Toffees have already missed out on potential takeover attempts from groups such as Dan Friedkin’s due to the amount of money that is already owed to investors – who themselves are now owed money.

The Esk shared a further update on the situation via X (9 September) and claimed that the Toffees are in for an “interesting” week which hasn’t likely filled fans with much confidence.

“An ‘interesting’ week ahead for Evertonians off the field as more bizarre short-term extended debt funding arrangements are expected to be announced,” he posted.

“Nothing that solves the ownership issue but just meets immediate cashflow requirements.”

Everton need John Textor to complete his takeover soon

The longer it takes for a takeover, the worse everything is going to get for Everton.

Potential owners have already turned their noses up at buying the club due to the amount of money owed and, if these expected short-term loan announcements come to fruition, the further it goes the less likely the club is to be taken over.

With a mountain of debt already needing to be paid back, taking out further loans and crippling the club more should be the last thing Moshiri wants to do.

John Textor is the most likely bidder for the Toffees takeover but nothing is yet set in stone.

The American businessman has mooted a potential multi-club model with deals already being struck between Lyon and Everton for the likes of Orel Mangala and Jake O’Brien.

Only time will tell what the future has in store for Everton but, if their ownership saga isn’t sorted soon, they could find themselves in a world of trouble, with administration ultimately the worst-case scenario – but one that still cannot be ruled out.

In other Everton news, Textor has his eyes on this Portuguese managers to replace Dyche at Goodison Park.

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 View: Everton desperation for takeover brought into focus after finance update today appeared first on Goodison News.