Days after the Friedkin Group secured exclusive purchasing rights for Premier League club Everton, the group has reportedly taken the first step in the process.
According to the Liverpool Echo, the Friedkin Group has already repaid the £158m debt owed to MSP Sports Capital and provided funds to help the club fulfil urgent commitments, with an initial investment of around £200m.
It’s worth noting that this payment was one of the four conditions that initially hindered 777 Partners from acquiring Everton. However, they failed to secure sufficient funds, ultimately leading to the deal falling through and giving the Friedkin Group an opportunity.
This step gives the Friedkin Group control over further negotiations, as they are no longer under pressure from competitors.
However, there is still a long road ahead. This is the third time that Moshiri has reached this stage in the process of selling Everton, but the previous two attempts failed.
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