Friedkin pumps £289m into Everton as Kieran Maguire relays major document
Everton have received an additional £289million through The Friedkin Group and shareholders, according to Kieran Maguire.
On Wednesday (8 January), Maguire shared a Companies House document that shows Roundhouse Capital Holdings Ltd, Friedkin’s acquisition vehicle, has received £289m from shareholders.
The sports finance expert explained that “fresh cash” has been injected into the Merseyside-based club, with the money mooted to be invested into finishing the work at the Bramley-Moore Dock stadium and paying off existing loans.
“Fresh cash, mainly for the stadium and paying off existing loans I suspect”, Maguire wrote on X (8 January).
This following £451m Moshiri debt update at Everton
Another Companies House document on 8 January showed that Everton have issued new shares worth a total of £684m.
It included 150,250 new shares worth £3000 each, totalling £450.75m, thus suggesting that the remaining money owed to Farhad Moshiri has been converted into equity.
A further 1,336,537 shares, each worth £174.66, have also been issued, towards working capital and debt reduction.
In short, Dan Friedkin and co are hard at work to bring financial stability to Goodison Park after years of mismanagement under Moshiri.
It is evident that the new owners would not be able to turn things overnight, but these are steps in the right direction.
While fans would hope that some of the £289m invested into the club goes into recruitment, it is likely that it will be used to pay off existing loans and towards the building of the Bramley-Moore Dock stadium.
That is not to say that the Toffees will not strengthen their squad in the January transfer window, with The Friedkin Group determined to see what they can do in the market.
In other Everton news, the Toffees have suffered a blow in the race to sign this top target.
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