Everton takeover: Stefan Borson has big news tonight – ‘As I understand it…’
Everton prospective owner Dan Friedkin will receive the necessary approval from a US court to complete his takeover at Goodison Park.
That is the view of finance expert Stefan Borson, who exclusively told Football Insider the American businessman has got all the people and agreements in place to ensure the deal will go through.
Everton confirmed in a statement on 23 September The Friedkin Group has reached an agreement to purchase owner Farhad Moshiri’s 94.1 per cent stake in the club.
It comes after the US firm, which also owns Italian side Roma, previously pulled out of talks to buy the Merseysiders in July due to risks associated with the £200million loan provided to the club by former prospective owner 777 Partners.
Those concerns have now been resolved, however, allowing the Texas-based company to reignite its interest and agree terms with Moshiri.
But journalist Paul Brown reported on 25 September the Friedkin deal can’t be completed until the New York court in the Leadenhall case approves the settlement of the 777 debt.
Everton takeover to be approved by US court
Borson believes the US court will approve Friedkin’s offer and allow him to push forward with his Everton takeover.
He told Football Insider: “They need the approval of the court and they have to get certain insurance trustees in the US to approve the proposal that’s been made by Friedkin.
“But as I understand it, those trustees are in support.
“In terms of deliverability of the deal, that process has been gone through by Friedkin.
“He’s got all the necessary people in place and the necessary agreements.
“The court does still have to approve it, but I think as I understand it, the likelihood is that if the parties that he’s got are in place, the court will approve it.
“If the court approves it, then the thing is done.
“I think the piece is correct that they do need the approval, but I think the key point is that they are going to get it.”
In other news, Dominic Calvert-Lewin update after deal agreed.
For more Everton and exclusive news, follow us on Facebook or join our brand new WhatsApp Channel for instant updates to be sent straight to your phone.