Everton takeover: Stefan Borson shares big update today
Everton prospective owner Dan Friedkin won’t face any issues passing the Premier League’s owners’ and directors’ test as he looks to complete a takeover at Goodison Park.
That is the view of finance expert Stefan Borson, who exclusively told Football Insider the American businessman could receive the necessary approval within six weeks after Sir Jim Ratcliffe’s deal at Manchester United was concluded in a similar timeframe.
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.
But those concerns have now been resolved, allowing the Texas-based company to reignite its interest and agree terms with Moshiri.
The deal, which is believed to be worth in excess of £400million, is now subject to regulatory approval from the Premier League, the FA and the Financial Conduct Authority.
Everton takeover could be approved within six weeks
But Borson insisted receiving the necessary approval will only be a formality for Friedkin.
He told Football Insider: “Friedkin is obviously going to get through the owners’ and directors’ test because he’s already got clubs around Europe and also is part of the whole ECA machinery.
“He’s going to get approval as an owner and director.
“He’s got the money, he’s got the negotiations done with the other lenders and he wants to do the deal. He looks like he’s completely deliverable.
“If you look at how quickly Jim Ratcliffe got approval, that took six weeks and he announced it just before Christmas, so there was the difficulty of doing approvals over the Christmas and New Year period.
“It could be as soon as six weeks at the outside for approval to be granted by the Premier League.
“Friedkin also needs the Financial Conduct Authority’s approval, but that will be a formality as well.
“It’s just a deliverable deal.”
In other news, Dominic Calvert-Lewin update after deal agreed.
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