Dan Friedkin has agreed Everton deal as official documents filed – Stefan Borson
Everton’s owners The Friedkin Group (TFG) will secure the club lower interest rates after new documents have been filed at Goodison Park.
That is the view of finance expert Stefan Borson, who exclusively told Football Insider the new owners are a good lending risk and will be able to repay their debts.
Everton confirmed on 19 December TFG, which is spearheaded by Dan Friedkin, has completed its takeover after receiving approval from the Premier League.
The American billionaire, who also owns Roma, has acquired a 99.5 per cent stake in the club after bringing to an end Farhad Moshiri’s eight-year spell on Merseyside.
As per a Companies House submission on 19 December Everton have now rescheduled existing loans with JP Morgan Chase & Co.
Everton owners have deep pockets after deal agreed
Borson believes the latest developments are a positive for the club.
He told Football Insider: “We don’t know yet how it’s all structured, so we will have to wait and see.
“I think the key thing for Everton is they have got an owner that’s got both deep pockets and a good covenant.
“They are a good lending risk for people like JP Morgan.
“JP Morgan can feel relaxed about loaning money to the Friedkin’s that they will see again in terms of repayment one way or the other.
“That means that they get better interest rates and they get security maybe over a range of assets.
“That means the interest they pay is cheaper.
“All of that is good for Everton.
“Everton can’t cope with a level of debt that they have had historically, nor at the interest rate that they have been paying historically from a PSR perspective.”
In other news, Everton could land devastating new six-point deduction – expert.
For more Everton news, follow us on Facebook or join our brand new WhatsApp Channel for instant updates to be sent straight to your phone.