Everton new owner faces ‘£500m’ problem with takeover close – Stefan Borson
The new owner at Everton will have to tackle over £500million of debt after it climbed during the 777 Partners takeover process.
That is the view of finance expert Stefan Borson, who exclusively told Football Insider that Everton have added around £250million of debt throughout last season.
The Merseyside club are closing in on a takeover deal with Roma owner Dan Friedkin close to agreeing an exclusivity deal.
777 Partners previously had an exclusivity deal with chairman Farhad Moshiri but the US group failed to provide proof of funding to finalise their £500million agreement.
They provided over £200million to the club to help cover operating costs and stadium construction fees during the takeover process.
Everton debt now over £500million for new owner
Borson explained that the debt at Everton has now climbed to over £500million with £250million added over the 2023-24 campaign.
“Since the 777 takeover deal, Everton have added £200million of debt plus interest, so you’ve probably added during the season something like £250million of debt,” Borson told Football Insider.
“The 777 deal was £64million, plus potential upside for Moshiri’s shares.
“On top of that, they were going to refinance the two bits of debt that were in place at the start of last season.
“The rights of media debt and the MSP debt.
“Together, that was broadly a bit more than £500million and you would have Moshiri writing off all of the rest.“
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