Arsenal
Aston Villa
Chelsea
Crystal Palace
Everton
Fulham
Liverpool
Manchester City
Manchester United
Newcastle United
Nottingham Forest
Southampton
Tottenham Hotspur
West Ham United
Wolverhampton Wanderers
News
Dan Friedkin set for £800m Everton takeover discount as transfer budget explained
Everton are all set to have a new owner in Dan Friedkin, and the latest financial analysis suggests the American investor may have secured a bargain deal.
The Toffe⛦es officially ann💜ounced on Friday (21 June) that Farhad Moshiri has entered into a period of exclusivity with Friedkin with a view to completing a long-heralded takeover deal.
The protracted takeover saga has been raging on for well over a year now and is not over yet, with the final terms and Premier League r🍨atification still needed before it is completed.
Everton fans may point to the failure ofꦺ 777 Partners to take over the club during a nine-month long period of exclusivity as a reason not to get too excited just yet.
But after years of turbulence 🙈off the pitch, no one can blame supporters for dreaming about a fresh start under a new owner.
Expert says Everton worth £1.2bn, £800m more than reported Friedkin deal
Football finance analyst and blogger has conducted a remarkable in-depth look at Everton’s finances and the context around 💞Friedkin’s would-be takeover.
The report finds that Everton’s enterprise value is😼 around £1.2bn, a figure which tallies with a number of༒ other analyses from industry experts.
Friedkin is expected to pay £400m for Moshiri‘s 94 per cent stake in the 𓄧club. On fac🥂e value, that’s an £800m discount.
Of course, the true picture is a lot more complex than that. The £1.2bn figure includes the Bramley Moore Dock developm💎ent, wh🐼ich is not yet fully funded and will represent a cost for Friedkin.
Even so, Citizens ofꦺ Suburbia suggests that that even a conservative estimate would value Everton’s equity alone after the stadium project is complete is around £580m.
As the equity value is projected﷽ to grow post-2025, the conclusion Citizens of ♍Suburbia reaches is that Friedkin’s equity investment is viable and will sustain the club.
- READ MORE FOOTBALL FINANCE ANALYSIS: Everton have £40m FFP lifeline confirmed with Ali๊sher Usmano🔯v factor key
Everton’s 2025-30 transfer budget will be between £200m and £315m
Part of Citizens of Suburbia’s calculation was a projection that Everton’s recruitment budget for the 2025-30 period will sit somewhere between £200m an📖d £315m.
There are a number of conditions outlined for these figures, which are a projection based o🧔n financial assumptions, albeit very wellಞ informed ones.
However, the £200-315m margin gives Everton supporters♊ an idea of the level of spending🌜 they can expect to see under Friedkin.
They will first need to navigate their immediate issues with the Premier League’s Profit and Sustai♊nability Rules, or PSR (formerly financial fair play, or FFP).
But it seems that the Toffees have a good chanc🃏e of getting to the 30th of June PSR as♛sessment cut-off within the three-year £105m loss limit, meaning they won’t be heldꦜ to ransomꦛ for player sales.
Will Friedkin’s AS Roma ownership cause issues?
Friedkin’s involvement with Roma, who he has ow💦ned sܫince 2020, in no way precludes him from taking over Everton.
However, there would be an issue if the two clubs were ever to ꦐq🎀ualify for the same European competition.
That will not be an immediate concern for♓ Everton, whose sights in recent years have been set more firmly on avoiding relegation.
But it does place somet✱hing of an upper limit on their ambitions given that Roma are regulars in European football.
What’s more, Italian media are reporting that Roma will take precedence in any multi-club model that Friedkin establishes.