Everton: Friedkin Group withdraws from takeover project

2 months ago 12
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In economic crisis, Everton thought they had found their saviour, with the Friedkin group. Last month, the English club confirmed the existence of talks with Dan Friedkin’s company, which brings together companies in the automotive, hotel, entertainment, golf and adventure sectors. But, according to information from The AthleticFriedkin reportedly pulled out of the negotiations Thursday, citing concerns over U.S. debt. Toffees to the American private equity firm 777 Partners and its creditor A-Cap. This debt amounts to 258 million dollars, following loans granted to Everton last season.

A source reportedly confirmed to the British media that Friedkin Group, which already owns AS Roma, ” will remain on loan from Everton and says the club has a positive relationship with the group. » The American group has already lent the Premier League club £200m to help it repay a further £158m debt to another group of investors. In total, Everton still owes over £600m to three external lenders. On top of that, Liverpool are said to have made losses estimated at £400m between 2019 and 2023. The situation of Toffees is more than critical.

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Manu Tournoux

Manu Tournoux is a passionate and knowledgeable football enthusiast with a special focus on French football. Born and raised in France, Manu discovered his love for the beautiful game at a young age and developed a deep understanding of the ins and outs of "Le Championnat." His French roots and extensive experience in football journalism have made him an invaluable asset to the French Football Weekly team.
 
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