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Major Everton financial decision could be just weeks away as Dan Friedkin set to pick up hue bill

With a mini crisis at AS Roma and the final checks ahead of his takeover of Everton being conducted by the Premier League and FCA, now is a high-octane time for Dan Friedkin.

The American billionaire lost the support of thousands of Roma fa♐ns following his regime’s decision to sack club legend Daniꦯele De Rossi as manager.

De Rossi’s successor in Ivan Juric could now also be fired by Friedkin and his peersꦍ in the Roma boardroom after just a few weeks in charge, according to Italian media.

Photo by Lewis Storey/Getty Images
Photo by Lewis Storey/Getty Images

Meanwhile, Friedkin is report🅰edly looking to sel𝄹l 30 per cent of his Roma shares after courting i𒁏nvestment from Saudi and Qatari༒ suitors.

It hardly makes for ideal background noise as Friedkin looks to get his takeover of🎉 Everton done by January.

That said, certain conditions – such as the ongoing court case in the United States involving Everton l🐼ender and former takeover suitor 777 Partners – are simp🥃ly outside of his control.

Position Team Played MP Won W Drawn D Lost L For GF Against GA Diff GD Points Pts
11 NewcastleNewcastle10 4 3 3 10 10 0 15
12 BrentfordBrentford10 4 1 5 19 20 -1 13
13 Man UtdManchester United10 3 3 4 9 12 -3 12
14 West HamWest Ham10 3 2 5 13 19 -6 11
15 LeicesterLeicester10 2 4 4 14 18 -4 10
16 EvertonEverton10 2 3 5 10 17 -7 9
17 Crystal PalaceCrystal Palace10 1 4 5 8 13 -5 7
18 IpswichIpswich10 0 5 5 10 21 -11 5
19 SouthamptonSouthampton10 1 1 8 7 19 -12 4
20 WolvesWolves10 0 3 7 14 27 -13 3

Overall, Friedkin is considered a highly credible option and one that can bring some much needed stability to Everton after years of PSR purgatory and mismanagement under Farhad Moshiri.

But are still several hurdles still to overcome bef🤪ore the cཧlub can get on an even keel once again.

Everton to take on even more debt?

Before the🐼 news broke in September that Friedkin had struck a deal with Moshiri to buy Everton, there were concerns that there wo♉uld be cash flow issues before the end of the year.

As well as having an annual wage bill of well over £100m to service, Everton also have increasing interest payments and costs associated with the move to the Bramley Moore Dock stadium to bear.

Prior to Fr⭕iedkin signing heads of terms, Everton’s debt will believed to be around £600-700m.

£200m of that wa☂s owed to Friedkin himself, which wꦫill presumably be converted into equity as part of his agreement with Moshiri.

The loan from 777 Partners, now taken over by A-Cap, is worth another £200m. They are a junior lender but t🍨he noise is that Friedkin will repa🦩y that too as part of the takeover.

Rights a♏ဣnd Media Funding, a Cheshire-based lender, are also owed around £150m.

But finance expert and formerꦑ Man City adviser Stefan Borson has said via X that he predicts that Everton could be about to take on even mo♐re debt before the end of November.

Any new loans, he sugges💫ts, would likely go towards general working capitꦆal commitments, as opposed to a pay-off for Sean Dyche, whose position as manager is under increasing scrutiny.

Taking on n꧟ew debt could be one of Moshiri’s final acts at Goodison Park, although the terms of his deal with Friedkin would mean any debt 🐻agreement would need the new owner’s sign-off.

Everton’s debt situation explained

As long as it is manageable, debt is not necessarily a bad thing for a fo🔴otball club.

Under Moshiri, however, the club was approaching a position whereby they may soon have struggle🐎d to cope with repayments and high interest rates.

The borrowing environment at present is not especially f꧋avourable, with interest rates stubbornly 🌱high.

But Friedkin has the liquidity to settle Everton’s 🃏debt if he chooses to go do🦩wn that route.

Photo by Luciano Rossi/AS Roma via Getty Images
Photo by Luciano Rossi/AS Roma via Getty Images

Alternatively, he could significantly reduce the debt sitting on the balance sheet but feel that some of his capital is best ༺reserved for ot🐈her expenses.

Either way, the Houston-born 💫investor turned film producer will all♐eviate the strain on the Merseysiders.