Everton news as £300m twist emerges after recent development
Stefan Borson claims that the debt of Everton is likely around the £300million mark due to the leverage rule.
This comes after Sky Sports news editor Alan Myers claimed on 19 December that the debt inherited by The Friedkin Group post the takeover will be paid off over a long period of time.
Borson, a finance expert, claims that it could be that amount due to the “leverage rule”.
Via X, he wrote: “I think it is likely around this level due to the leverage rule but we don’t know yet.”
Everton are unlikely to have any problems with the debt in the short term
The expectation is that The Friedkin Group will strategically structure the club’s debt, which is speculated to be around £300million, in a manner that safeguards the club’s short-term operations.
This approach is crucial as it aims to prevent any immediate financial strain that could impact the club’s day-to-day functionality.
By extending the debt repayment over a long period, as mentioned by Myers, The Friedkin Group can manage cash flows more effectively, ensuring that Everton can continue to compete without the burden of high-interest payments or the need for significant immediate capital outlays.
This strategy reflects a prudent financial management plan, focusing on sustainability and the long-term health of the club while navigating the complex financial regulations of the Premier League.
It will also not hamper operations in the short term and help with a smooth transition of power, especially with the January transfer window underway.
In other Everton news, sources claim the club want to offer a contract to a key player until he retires from football.
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