Stefan Borson suggests what Friedkin really paid to complete Everton takeover
Everton’s new owner Dan Friedkin has paid around £700million to complete his long-awaited takeover of the club.
That is the view of finance expert Stefan Borson, who exclusively told Football Insider it isn’t the “bargain” deal that has been suggested by some people.
Football Insider revealed on 12 November The Friedkin Group (TFG) was on course to complete its takeover by the end of December.
Everton confirmed on Thursday the deal has now been completed at Goodison Park after receiving approval from the Premier League.
Friedkin, 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.
iNews reported on 19 December the American billionaire believes he has got an “absolutely astounding deal” in buying Everton for “south of £40million”.
Dan Friedkin has paid around £700m to buy Everton
But Borson admitted that is not the true cost of the deal when the price of the Everton shares and taking on the debt are factored in.
He told Football Insider: “I think there has been some misunderstanding about what they paid.
“You have to break down the price they paid for the shares, but also taking on the debt that’s there.
“Moshiri has capitalised £450million of his debt, which effectively means that has gone.
“There is about another £650million of debt throughout the club through various parties and that will all have been taken on in essence by Friedkin.
“They have paid around about £700million for the club in its entirety.
“On top of that, you have got the money they are going to have to put in for running costs to get it up to a sort of minimum level.
“If you look at the essential spend of £700million plus maybe £100million on top for running costs over the next year or so, we are talking about a deal for £700-800million.
“I think that is an okay deal, but it’s not the bargain that’s been talked about.
“The £40million is really almost irrelevant in the context of what they paid.”
In other news, Monaco set sights on signing Dominic Calvert-Lewin.
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