Everton prospective owner Dan Friedkin will have a “get to work attitude” as takeover group don’t want relegation to hinder ‘future plans’, according to Alan Myers
The Friedkin Group (TFG) is expected to take over in around a week, after a deal with current owner Farhad Moshiri announced back in September, but regulatory hurdles have delayed the process.
Alan Myers, a Sky Sports journalist who has covered this saga in detail, predicted last week that the deal is on track for “mid-December.”
He provided another update on Sky Sports Reporters’ Notebook yesterday (11 December).
He explained that the Texas-based billionaires don’t want a relegation battle, as it would set their “future plans back somewhat.”
To avoid this, the group will have a “get to work attitude” instead of making a grand entrance, while transfers are likely to be on the agenda for January with a knowledge already of what is needed.
He said: “My understanding is that the message will be one of them looking to strike a balance between a long-term vision and an exciting new plan.
“What TFG don’t need is a relegation battle. It goes without saying that losing their Premier League status would put those future plans back somewhat.
“I don’t see a flag-waving, hooting-tooting entrance, or much talk of ‘what we’re gonna do’ statements. More likely a swan-like elegance—calm on the surface whilst furious paddling under the water—and a ‘get to work’ attitude with a full focus on the immediate job in hand.
“I suspect transfer business will be looked at for January and they will have an understanding as to what is needed as Sean Dyche navigates what looks like a difficult month or so, fixture-wise.”
Friedkin-led changes anticipated at Everton
Football Insider opinion
In September, it was confirmed that TFG had reached an agreement to purchase Farhad Moshiri’s 94.1% stake in the club.
However, the group has already made a surprising move, according to finance expert Stefan Borson. He exclusively told Football Insider that he would have expected the American billionaire to inject more equity into the Merseyside club.
This expectation arises from a Bloomberg report on 5 December. They revealed that TFG is in talks with JP Morgan Chase & Co. to raise debt for restructuring Everton’s existing loans. They currently which exceed £660 million.
Sources have also informed Football Insider that Friedkin’s fortune has grown this month, further exciting Everton fans.
TFG has accelerated progress since walking away from an initial bid in the summer. There is clearly a plan in place, and there is plenty to do as soon as they are officially confirmed, but time will tell if it succeeds.
