Alan Myers shares Everton debt twist after Friedkin Group takeover
Everton are not completely debt-free after the Friedkin Group’s takeover at Goodison Park, according to Alan Myers.
The Toffees confirmed via their official website on Thursday [19 December] that the Friedkin Group had completed their takeover of the club, with fans no doubt happy to let the door hit Farhad Moshiri on his way out after his final farewell message.
While this is of course great news for the Toffees, with former players reacting to the update instantly, it does not appear as though all their troubles have faded.
When asked by a supporter on X if the club was now “totally debt free” Myers responded [19 December], “Not quite no”.
The Friedkin Group complete takeover of Everton at Goodison Park
Moshiri’s reign as Everton chairman can be described as nothing short of chaotic. Therefore, supporters will be glad to finally see the back of the businessman.
Since he joined the club the Toffees have accumulated what feels like almost endless amounts of debt, with financial trouble seemingly becoming a part of everyday life at Goodison Park.
As a result, the club will be hopeful that Friedkin can come in and address some of those financial woes.
However, it doesn’t appear as though the American will be able to do this instantly. As per the Premier League’s official website [19 December], steps were taken to convert the club’s outstanding debt into equity. However, based on Myers’ update, it doesn’t seem as though all the debt has been cleared.
While this might come as a slight concern, the takeover news is still positive overall, and it is hard to imagine that Friedkin will make the club’s financial position any worse after Moshiri’s time in charge.
In other Everton news, Simon Jordan has raised “legitimate concerns” after the takeover went through.
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