November 21, 2024
Everton takeover news as the Friedkin Group have reportedly revived interest in buying the club.

Farhad Moshiri will want to create ‘competitive tension’ when it comes to a potential Everton takeover. That is according to former Crystal Palace owner Simon Jordan after reports emerged that the Friedkin Group (TFG) have reignited interest in buying the club.

TFG, headed by Texan billionaire Dan Friedkin, pulled out of a deal to purchase Moshiri’s 94.1 per cent majority stake in July. Subsequently, John Textor has come to the table and has been granted a period of exclusivity.

In an interview with Sky Sports, Textor claimed that he was making progress and hopeful of completing a deal by 30 November. He first has to sell his 45% shareholding in Crystal Palace as Premier League rules prohibit individuals owning more than one club.
Although TFG put paid to a transaction, they are owned £200 million after taking on debt owed to MSP Sports capital and local businessmen George Downing and Andy Bell, as well as providing Everton with cash flow.

And for that reason, Jordan believes that is why TFG – who own Italian outfit AS Roma – may still be in the equation. Speaking on talkSPORT, he said: “My understanding of Friedkin is that he’s bought the debt so the reasons why certain people are no longer in the equation – maybe George Downing, maybe Andy Bell – was that the debt was overtaken by Friedkin.

“That’s my understanding, it might be wrong but I don’t think it is and that means he’s a significant player in the acquisition of this football club. All of them are going to circle around and try to buy the club, giving Moshiri as little as possible – which is probably what he deserves. He’s turned what was once a great club into an embarrassment because of mismanagement. Not because he is incapable but because he has no knowledge of the industry he’s in.

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