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Dan Friedkin appears set to take over at Everton. (Credit: TIFF Originals - YouTube channel)

Mon 7 October 2024 21:40, UK

Everton are unlikely to face any issues if the Friedkin Group takeover goes through despite the Manchester City victory over the Premier League, according to Kieran Maguire.

The football finance expert told the Liverpool Echo on 7 October that the league will now have to go back to the drawing board and formulate new rules that are fit for purpose.

City won the case with the Premier League over APT and the Toffees ended up siding with the defending champions.

Maguire wrote: “This ruling effectively means the rules in their present form are not fit for purpose and a perfect example of decide in haste and repent in leisure.

“The Premier League will have to go back to the drawing board to draft new amendments and getting a majority of clubs to agree on any changes will be difficult and take time.

“That should mean Everton have little to worry about if the takeover of the club by The Friedkin Group goes ahead without issue.”

Everton are not expected to have any issues after the takeover

Getting the takeover greenlit would immediately mitigate the potential financial implications of the new regulations on shareholder loans, as it would likely convert or restructure these loans, thus altering the club’s financial commitments.

Simultaneously, Everton should engage in proactive discussions with the Premier League to understand the forthcoming changes in financial regulations, potentially influencing or adapting to new policies proactively.

Internally, focusing on operational efficiency and revenue generation would bolster their financial health.

Additionally, the Goodison Park outfit might consider restructuring their existing debts or seeking new, compliant financing models to ensure they navigate the upcoming regulatory changes without further penalties, ensuring stability and competitiveness in the league.

Fans have every reason not to breathe easy until the takeover formalities have been completed as they’ve seen many false dawns.

That being said, the developments at Manchester City will have little bearing on what happens with regards to the Toffees’ future.

In other Everton news, an award-winning manager has expressed an interest in managing the Toffees, leaving Dan Friedkin with a huge decision to make.

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