Friedkin Group ready to negotiate with John Textor amid £200m Everton takeover update
The Friedkin Group are willing to negotiate with John Textor over a £200million loan repayment after a new Everton takeover development, according to i News.
The outlet reported on its website on Sunday (11 August) that Textor will have to repay the huge loan immediately if he is to complete his takeover at Goodison Park from Farhad Moshiri in the future.
Textor has launched a fresh bid to acquire the Toffees this summer, with reports suggesting he has found new allies to aid his case as he looks to get rid of his shares in Crystal Palace [Alan Nixon, 11 August].
While the Friedkin Group is happy to negotiate the terms of the repayment, any talks will take into account the Palace co-owner’s wealth given the fact he already has an ownership stake in several sports teams.
Will John Textor take over Everton after Goodison Park updates?
The financial side of this takeover is what has made it so hard for any interested party to actually get a deal over the line, especially as the Toffees’ debt continues to rise with each passing week.
Everton owe so much money to so many different people and while that can be managed and negotiated, whoever takes over from Moshiri is going to have to find and be willing to spend the funds to pay off those loans.
Everton John Textor
John Textor wants to buy Everton.
Textor may well be that man as he has made no secret of his desire to take over from Moshiri on Merseyside and the Friedkin Group’s willingness to negotiate may be enough to tempt him into pushing on with his bid.
But it remains to be seen how much room for negotiation there is because of Textor’s wealth. While the Friedkin Group seem like a more balanced group than 777 Partners, they will still want their money back and they will want it as soon as possible.
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It will be interesting to see how this pans out over the next couple of months or so.
In other Everton news, a Dele Alli update has emerged from Goodison Park amid ongoing contract uncertainty on Merseyside
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