Donald Trump and Elon Musk claim emerges as Dan Friedkin eyes Everton takeover completion
Kieran Maguire believes that as a Donald Trump donor, following his re-election, to-be Everton owner Dan Friedkin’s wealth will have risen.
The finance expert claims that a prospective owner, Friedkin will be putting in money every month to ensure the Toffees’ wage bill is cleared.
Once the takeover is completed, the Texas-based billionaire could convert this money into equity.
Maguire told TBR (7 November): “The very fact that we have seen other prospective owners provide working capital with a view to getting a deal over the line is a sign that there is a serious desire on the buying side.
“It is no different to had the money have gone in on 1 November, Friedkin would be putting money in to ensure the November wage bill had been paid.
“The fact that they are doing it in advance of the deal is a sign of progress between the two parties.
“He has put money in already and paid off one of the existing loans. From an enterprise value point of view, it makes sense.
“Once the deal then goes through, Friedkin might then convert it to equity.
“As a Trump donor, one would imagine that Friedkin will be focused on other issues at present anyway.
“Also, the chances are that Friedkin’s own wealth following the re-election of Trump will have risen.
“Elon Musk, for example, is £30billion richer.”
Everton fans will be hoping the Friedkins prioritise the takeover post the Donald Trump election
With Trump’s re-election, Toffees fans will be eagerly anticipating a shift in the group’s focus towards finalising the takeover.
Friedkin, known for his political affiliations, has now seen his likely preferred candidate win, potentially clearing the way for him to prioritise his business interests, including Everton.
Given that Friedkin has already been financially supportive by providing working capital to ensure the club can meet their financial obligations, like paying the wage bill, the completion of this deal could now accelerate.
The Goodison Park faithful will be hoping that with political uncertainties behind him, his attention turns fully to football, allowing him to leverage his increased wealth to invest in the Toffees’ future.
All eyes will be on when the Premier League do their owners and directors’ test before giving them the green light to complete the takeover.
Hopefully, things are done before the January transfer window so the club can go out and spend some money on new signings.
In other Everton news, a “leaking of information” claim has emerged as the club’s takeover takes another twist.
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