The Friedkin Group has paid off Everton’s debt to MSP Sports Capital, as talks with Farhad Moshiri continue. The prospective new owners of Everton have already solved the obstacle that prohibited 777 Partners from finalizing their takeover of the club. The Friedkin Group has paid off the club’s £158 million debt to MSP Sports Capital, as well as giving finances to help with immediate club responsibilities in an initial investment of approximately £200 million.
That payment to MSP, which has also expressed interest in Everton at various stages during the past year, was one of four conditions imposed by the Premier League on 777 Partners in order to complete its takeover. However, it was unable to get the necessary funds, causing the deal to collapse and allowing Moshiri to consider new bidders for the club.
The Friedkin Group emerged victorious in the subsequent conflict. Everton revealed on Friday that Moshiri had gone into exclusive talks with the company, which is managed by US millionaire Dan Friedkin. The breakthrough will allow it to conduct further investigations into the Blues’ finances and continue negotiations with Moshiri without fear of being sabotaged by rivals.
Against this backdrop, individuals familiar with the new conversations emphasize that there is still work to be done before any final deal can be reached, while there is cautious hope that procedures will move forward in that direction. The financial package already delivered to the club will provide some reassurance to supporters hoping for a positive end to the volatility that has continued at the club’s highest levels.
Friedkin already owns Italian heavyweights Roma and French lower league club Cannes. The ECHO understands that if a deal for the Blues is done, Everton and Roma will not be placed in different positions in the club hierarchy. However, it is expected that they would be able to learn from one another and share their experience in order to become stronger.
Friedkin took control of Roma in 2020, and many believe he has already learned a lot on the job, which will help him avoid early blunders. He is thought to be highly aware of the regulatory landscape in European football and will not enter the next round of discussions oblivious to concerns such as the Premier League’s Profit and Sustainability Regulations and the broader debate over how to limit and monitor club expenditure. When he took over in Rome, the Serie A club was in financial trouble and failing to comply with spending limits, indicating that he has prior experience overcoming some of the challenges he would face if he were to take over Everton.
The ECHO understands there is also a strong willingness to communicate with Everton supporters if discussions progress to the point where the organization decides it is suitable.
