Everton PSR update emerges after Dan Friedkin payments drop before takeover
Dan Friedkin settling previous loans at Everton will not impact the profit and sustainability calculations at Goodison Park, according to The Esk.
The finance expert posted on X (18 July) after formal confirmation that loans to the club, provided by MSP Sports Capital, Andy Bell and George Downing were all settled by the Friedkin Group ahead of their takeover.
Another minor loan worth £22million, provided by outgoing owner Farhad Moshiri, was also paid off by the Friedkin Group, with The Esk responding to a question over the repayments impacting PSR.
Dan Friedkin loan repayments pave way for Everton takeover
While Friedkin first entered into an exclusivity period with Moshiri to purchase the Toffees several weeks ago, he is yet to have his buyout of the club fully ratified by the Premier League and FA.
Those two bodies were key in the haphazard bid of 777 Partners failing to gain approval, never seeing fit to give the Miami-based investment firm the green light across nine months’ worth of talks [The Times, 31 May].
That same process for Friedkin’s takeover is expected to progress at a much quicker pace this summer, particularly given his clear financial backing and stable ownership of Roma in Serie A.
The paying back of loans to MSP, Moshiri, Bell and Downing will only help to boost the Californian’s credibility with the governing bodies, as Friedkin proves he can settle any financial queries [Liverpool Echo, 24 June].
Avoiding PSR-related punishments – like the eight points they were deducted last season – will be paramount for the Toffees going forward, and Friedkin’s latest move will certainly be a popular one.
In other Everton news, Toffees centre-back James Tarkowski wants to appear on a popular BBC show.
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