'Wrong way round' – Finance expert baffled by reported Textor plan for new Everton stadium

Everton and potential new owner John Textor won’t be able to refinance the Bramley-Moore Dock stadium until a takeover is complete, according to Stefan Borson.

The football finance expert posted on X (21 August) in response to the news that Textor had travelled to Liverpool to hold talks with Farhad Moshiri [Yahoo Sports, 21 August], with a deal expected to be agreed by 25 August.

With Textor reportedly confident that a new finance deal for Everton’s new Bramley-Moore Dock stadium will allow him to delay the takeover until January, Borson questioned what difference this would make.

Borson’s post stated that: “This is the wrong way round.

“How can he refinance the stadium before owning it and why would that allow a delay?”

John Textor takeover unlikely to come quick enough for Everton fans

Trying to restructure the finances surrounding the completion of the Toffees’ Bramley-Moore Dock stadium has been a common theme of all three rounds of takeover talks held by Moshiri in the past year.

The new site on Liverpool’s waterfront is set to be a financial game-changer for the club [Kieran Maguire, 8 July], but has proven to be a stumbling block for Moshiri’s original preferred bidders, 777 Partners.

Dan Friedkin pulled out of his group’s exclusivity agreement with Moshiri owing to the financial worries left by 777’s involvement with the club, and Textor’s takeover has question marks of its own.

Delaying the completion of the buyout until January shows just how many dominoes need to fall for Textor to officially become the new majority shareholder at Goodison Park.

A 45 per cent stake currently held in fellow Premier League side Crystal Palace is the biggest of these obstacles due to Premier League rules on multi-club ownership, and until Textor can begin the selling process at this end [Paul Brown, 9 August], his takeover of the Toffees still looks a long way off.

In other Everton news, the door has opened for the Toffees to complete the signing of a hgh-profile Premier League midfielder.

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