Farhad Moshiri debt update emerges at Everton amid £451m development
Everton have uploaded a document to Companies House to confirm the capitalisation of the debts owed to Farhad Moshiri.
On Wednesday (8 January), Everton Football Club Company Ltd uploaded a share allotment form that shows 150,250 shares worth £3000 each, totalling £451million, have been issued.
It, therefore, proves that the £451m owed to Moshiri’s Bluesky Capital in shareholder loans have been turned into shares after The Friedkin Group’s takeover, thus clearing the Goodison Park outfit of the debt.
The document also shows that another 1,336,537 shares, each worth £174.66 and totalling £233m, have also been issued for debt reduction and working capital.
Farhad Moshiri out, The Friedkin Group in at Everton
Moshiri’s ownership of Everton officially came to an end on 19 December 2024. In came The Friedkin Group.
It was a huge relief to see the takeover come to fruition after talks dragged on for months, with several parties entering and exiting negotiations. Even the Friedkins left the table at one point.
There is an air of positivity at Goodison Park at the minute, with the prospect of moving into the new stadium on Bramley-Moore Dock making things even more exciting.
The £451m debt owed to Moshiri was considered a major hurdle for the takeover, but to the British-Iranian businessman’s credit, he committed to waiving it off in some way or the other as a part of their agreement with Dan Friedkin and co.
The latest document on Companies House proves that Moshiri kept his word as the shareholder loan has been turned into shares.
Although there are still some PSR concerns, it remains to be seen what the future holds for Everton under the Friedkins.
In other Everton news, Alan Myers has provided an update on Jose Mourinho to Goodison Park claims.
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