Following the completion of the takeover, Andy Dunn anticipates that The Friedkin Group would provide Everton with “considerable investment.”
With a decision reportedly already made over Sean Dyche’s future, the American consortium is quickly establishing their dominance over Merseyside after completing the eagerly anticipated Toffees takeover on Thursday [December 19] [iNews].
However, Dunn used an £850 million benchmark in the Sunday Mirror [22 December, pg 65] to indicate how TFG plan to steady the ship because the Blues’ financial problems have been widely reported in recent years and Merseyside has made financial stability a top priority.
Writing: “The fact that grand old Everton is a part of a billionaire’s ‘portfolio’ or, as Friedkin recently explained to irate Roma fans, a’multi-club symbosis’ is not a cause for concern.”
Furthermore, why would there be? At the very least, all indications point to TFG providing the club with much-needed financial stability as well as significant investment.
It is projected that TFG has invested £850 million on Roma in less than five years of ownership in Serie A. Additionally, they have raised their commercial earnings and are seen as sound owners from a business standpoint, even though they have not been able to regularly qualify for the Champions League.
The Friedkin Group will start a new era at Everton
Before the actual job starts, Dan Friedkin needs to balance the accounts. He is getting ready to start his reign at Everton with a bang.
In addition to the Blues operating without the financial restrictions imposed by former majority stakeholder Farhad Moshiri, if TFG replicates their £850 million investment in Roma on Merseyside, Dyche ought to get a large investment in the playing personnel.
On December 19, the day of the takeover, Henry Winter stated that Dyche and Kevin Thelwell’s futures would be TFG’s “inevitable focus.”
Although Armando Broja is still up for debate, the other seven recruits who have succeeded since joining Goodison Park include Iliman Ndiaye and Orel Mangala. The Blues sporting director has also been under scrutiny this season for his summertime exploits.
As a result, there are legitimate concerns regarding Thelwell’s ability to use his newfound wealth to choose the best players to help Everton move into the top half of the Premier League.
For the time being, though, TFG’s primary priorities will be paying off the enormous debt and making sure the Toffees move to Bramley-Moore Dock at the end of the season with their top-flight status guaranteed.
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