Dan Friedkin is unlikely to be pleased with the proposed independent regulator as he works to complete the Everton takeover, according to Kieran Maguire.
Along with this, the Premier League will meet with the other teams on November 22 to address a variety of matters.
This follows Sky News’ story on October 26 that the Premier League is preparing new ideas for a financial settlement with the rest of the footballing pyramid.
“My understanding is that is very much the backstop position,” Maguire explained to TBR.
“Under the previous rules, it appeared that the regulator was going to apply game theory, where you put in a sealed proposal, the EFL puts in a sealed proposal, and the regulator chooses one.”
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Everton would not want any further twists and turns in their takeover process
Friedkin may be apprehensive of an independent regulator because it has the capacity to implement new financial restrictions or redistribution schemes that could affect the Toffees’ financial strategy.
Given that the Premier League is considering new financial proposals for distribution across the football pyramid, which are expected to be discussed at upcoming meetings, any regulatory changes could result in changes to how revenue is distributed, potentially affecting Everton’s financial health or transfer budget.
An independent regulator may impose stronger financial fair play regulations or require profit sharing with lower leagues, reducing the financial rewards Friedkin may anticipate from his investment.
Furthermore, any big adjustments may not be consistent with Friedkin’s economic model or vision for the club’s growth.
This ambiguity, combined with the possibility of financially restrictive laws, may cause Americans to be wary of going with the acquisition under a new regulatory framework.
Hopefully, Everton will not have any problems with the takeover, given the saga has been running for nearly a year.
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