Everton remain in limbo as “nothing is happening” on the takeover front at Goodison Park, according to Matt Slater. Speaking on The Athletic FC Podcast (4 September), Slater said he had made several calls this week to people with an interest in the club, but is yet to hear of anyone making a breakthrough in negotiations.
One of the main obstacles facing potential buyer John Textor is the £200 million debt owing to the club by The Friedkin Group, which withdrew from acquisition negotiations in July.
Slater stated: “At this time, nothing is occurring. Since it is the truth, I can end it there. I checked last night since I felt like nothing was happening.
“I inquired, ‘You heard anything?’ to everyone who had an interest in the club as I made my way around every home. Nothing. The £200 million that the Friedkin Group is due has not been offered by anyone in a sincere or trustworthy manner.
Slater continued, saying, “[The Friedkin Group] wants repayment for any takeover as a condition of their financing. They have made that very apparent. No one has said anything.
Everton takeover going nowhere as uncertainty rumbles on
The Goodison Park takeover deadlock has been evident for well over a year now, and Textor is by no means the first potential new owner to have difficulties prior to purchasing the financially struggling team.
since things stand, Textor doesn’t appear to be the last either, since he faces more obstacles than most before he can even consider a buyout, most notably a difficult-to-sell forty-five percent interest in Crystal Palace [Paul Brown, 9 August].
It’s uncertain who will save Everton since that 777 Partners and the Friedkin Group have already folded and takeover negotiations with Farhad Moshiri have broken down due to a number of problems.
The Friedkin Group owes Goodison Park £200 million, which they paid off along with other loans to companies like MSP Capital. This means that any prospective buyer of the property will have additional financial holes to worry about.
Though “nothing” is occurring as of this writing, it’s anyone’s guess as to when this long-awaited takeover will ultimately go through. A breakthrough for Textor and the Toffees cannot come soon enough.
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