Everton could be forced to disclose ‘huge’ loan info in Man City twist
Everton could find themselves in hot water after Manchester City escalated their legal battle with Manchester City further.
There has been a real air of positivity around Everton since The Friedkin Group bought the club and ended Farhad Moshiri’s nightmarish reign.
Dan Friedkin and Co. have brought financial stability to Goodison Park, while their decision to replace Sean Dyche with David Moyes has paid dividends.
All eyes are now on what is expected to be a busy summer transfer window, with the much-anticipated move to the Bramley-Moore Dock stadium also on the horizon.
However, the Toffees could take some time to shake off troubles caused by years of mismanagement under Moshiri.
Manchester City to force Everton to reveal loan details
Everton notably owed a whopping sum of £451million to Moshiri after they benefited from shareholder loans in 2021-22.
However, the Friedkins issued 150,250 new shares worth £3000 each after their takeover in January, confirming the capitalisation of the aforementioned amount.
The Toffees hoped they had avoided trouble from the Premier League by converting the shareholder loans into shares.
However, Manchester City are making a move to force the Merseyside-based club and other teams to disclose details about such loans, according to The Times.
The newspaper reported via their website on Tuesday (29 April) that City have accused the Premier League of distorting the competition in favour of clubs who previously used ‘huge’ loans from their owners.
| Club | Shareholder Loans | Year |
| Arsenal | £259m | 2022-23 |
| Everton | £451m | 2022-23 |
| Brighton | £406.5m | 2021-22 |
| Leicester | £265m | 2021-22 |
Arsenal, Brighton and Leicester benefited from such arrangements, apart from Everton.
In their latest claim, Manchester City detailed that those four clubs have had an unfair advantage, as the shareholder loans were not considered the same way as other Associated Party Transactions (APT).
Last year’s champions argue that information regarding such loans are relevant to their case, forcing the Premier League to inform the aforementioned clubs of the development.
Moshiri woes continue to cause headache at Goodison Park
This is proof of how much damage the mismanagement of a club can cause.
The Friedkins will hope that this will not lead to financial loss for them, even if they eventually have to disclose details of the Toffees’ shareholder loans under their previous owner.
Everton have an exciting summer ahead of them, with David Moyes tipped to oversee a summer overhaul.