Everton ‘Well Funded In The Short Term’ Despite Takeover Collapse

Everton are ‘well funded in the short term’ despite a takeover from Roma owner Dan Friedkin falling through, according to journalist Alan Myers.

 

The Toffees had been looking forward to a change of ownership with Friedkin pushing forward with a takeover bid.

 

Friedkin agreed a deal in principle to buy Everton in June, but now the takeover has been called off, with the two parties failing to reach an agreement.

 

 

The Roma supremo’s group paid off a £158m loan to MSP Sports Capital and two local businessmen and continue to be lenders to Everton, with £200m lent in total.

 

There are now big worries for Everton due to their financial situation.

 

 

The club though are ‘well funded in the short term’, meaning no immediate worries at Goodison Park.

 

Everton must now start the search to find more long term funding to secure the club’s situation.

 

 

There were several parties keen on buying Everton before Friedkin reached an agreement with Toffees owner Farhad Moshiri and it remains to be seen if any of those come back to the table.

 

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