The Friedkin Group are understood to be working towards completion for a deal to acquire Everton
American billionaire Dan Friedkin is working again towards a deal to acquire Everton. The AS Roma owner’s Friedkin Group had stepped away from negotiations with Farhad Moshiri back in July.
But Bloomberg first reported on Monday morning that the Friedkin Group had returned to the table in a serious way and that talks were progressing towards reaching a positive conclusion.The Friedkin Group remained a key part of the takeover talks even after initially deciding to walk away, with the firm having acquired £200m in debt from MSP Sports Capital during the initial exclusivity period earlier in the summer.
Textor, whose public display of intent for the Toffees was understood not to have been welcomed, according to sources close to Moshiri’s camp, would have also had to negotiate with the Friedkin Group over repayment of the £200m debt, something that had to be satisfied upon any takeover deal happening.
Earlier in the summer, sources close to the Friedkin Group had said the club remained ‘very investible’ with it's new stadium a huge positive. However, the concerns at the time were too great in relation to the 777 Partners debt, something that appears to have been eased in recent weeks.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Everton takeover: John Textor responds to manager rumours as Friedkin problem resurfacesA round-up of the latest Everton takeover stories as Farhad Moshiri searches for a new buyer for the Blues
Read more »
Friedkin Group stance on fresh Everton takeover bid clarified amid John Textor talksA report on Monday evening claimed that The Friedkin Group had reignited its plan to buy Everton from wantaway owner Farhad Moshiri
Read more »
Everton takeover: Dan Friedkin deal could now be completedThe inside track on the football stories that matter
Read more »
Everton takeover: Keith Wyness reacts to Friedkin twistThe inside track on the football stories that matter
Read more »
Everton takeover: Keith Wyness reacts to Friedkin twistThe inside track on the football stories that matter
Read more »
Aston Villa vs Everton: Can the Villans capitalize on Everton's struggles?Aston Villa face off against struggling Everton in a Premier League clash on Saturday evening. With Everton conceding ten goals in just three games, Villa are expected to have multiple chances to score.
Read more »