“It’s true obviously”- Stefan Borson Drops Bombshell on Everton takeover after Shocking News Reveal
Dan Friedkin, the prospective new owner of Everton, is nearing the completion of his takeover, with progress being made on appointing a new chief executive, according to finance expert Stefan Borson.
Borson shared with Football Insider that recent developments suggest the deal is close to being finalized at Goodison Park. Friedkin reached an agreement in September to purchase a 94.1% stake in the club from current owner Farhad Moshiri, and is now going through the necessary regulatory steps before taking control.
The takeover is being delayed due to the Leadenhall case, with the New York court handling a legal dispute involving 777 Partners needing to approve a settlement regarding the £200 million loan the US investment firm provided to Everton. However, Football Insider reported on November 12 that Friedkin is still on track to complete the deal by the end of December, assuming no unexpected obstacles arise.
On November 8, The Athletic reported that Everton has engaged Nolan Partners to lead the search for a new CEO, with the recruitment firm already in discussions with potential candidates. Colin Chong is currently serving as the interim CEO.
Borson believes the recruitment of a new CEO signals that Friedkin’s takeover is approaching. He told Football Insider: “Various reports have suggested the deal is nearing completion. We recently heard about the process of finding a new chief executive, with Nolan Partners involved. They are well-known for recruiting senior sports executives, and their involvement lends credibility to the story. If that’s true, it indicates that Friedkin is very close to finalizing the deal. It’s a sign that early steps are being taken.”
In other developments, there are increasing reports of a possible threat to Sean Dyche’s position as Everton manager following the latest news on the takeover.
