Well, it’s official. Everton’s takeover has finally been agreed.
More than 12 months and several suitors later, it is Dan Friedkin who has won the race, and pending to clearance from the Premier League, the American will become the next majority stakeholder at Goodison Park.
He’s basically taking over for Farhad Moshiri, so he doesn’t really have enormous shoes to fill, but he needs to make a lot of immediate adjustments to win over his new fan base.
The largest obstacle they will encounter in achieving their objectives has been identified by Keith Wyness.
Keith Wyness on Dan Friedkin’s Everton takeover
Speaking with talkSPORT just yesterday, former Everton CEO Wyness was called upon to dissect the financial aspect of football, namely at his previous team. After all, it appears like the Toffees’ takeover drama may soon come to a conclusion following almost a year of turmoil.
Wyness would speculate as to how Friedkin may go when the Premier League ratifies the transaction, saying, “I think it’s going to be difficult to see a dramatic change, partly because of the PSR situation with Everton right now.”
“I believe they will be very near to that, so there might not be much room for discretion when it comes to spending, but I also believe that the new stadium project that will be completed by the upcoming season means that, you know, remaining in the Premier League is essential.”
“Therefore, instead of making big changes just yet, they’ll probably be thinking, whatever it takes to stabilize and get things going for this season and stay in the Premier League, that’s what we have to do.”
Dan Friedkin can solve Everton’s PSR struggles
It’s undeniable that Everton’s poor financial decisions have severely hindered the team.
Ultimately, Moshiri’s desire proved to be their undoing, as the Premier League eagerly awaited the opportunity to penalize the Toffees for their excessive expenditure.
They were driven back into the abyss after losing two games last season, and it took Sean Dyche’s strong leadership to pull them out.
However, under the millionaire Friedkin, ideally such concerns will become a thing of the past.
After all, he prioritized resolving AS Roma’s financial issues after concluding that deal in 2020, and it is anticipated that he would follow suit at Goodison Park.
According to one story, Friedkin’s proposals will allow Everton to join Bramley-Moore Dock debt-free.
PSR nightmares could finally end if he pays off their debt and begins investing much-needed funds back into the team.
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