What now for Everton? Future still unclear after takeover collapse | Andy Hunter
U-turn does not mean instant turmoil, but sale is complex and existing loans mean the club is haemorrhaging cash
There was shock and deflation inside Everton’s HQ at the Liver Buildings on Friday when it was confirmed the Friedkin Group would not be buying the club after all. Stability, direction and owners with a sound reputation in the football industry and beyond – everything Everton are crying out for – appeared within reach. Alas, no, the consequences of Farhad Moshiri’s calamitous reign must be felt for some time yet.
Everton insist it is business as usual after the collapse of the American company’s proposed takeover. The club can, in fairness, support that claim. The construction of their stunning new stadium at Bramley Moore dock is not far off completion, with the remaining costs covered by Friedkin’s initial loan of £200m. There is no pressure on the club to repay that sum in the short term. The threat of administration has lifted and Everton’s day-to-day finances will benefit soon from the next instalment of broadcasting revenues.
