“Takeover is complete?” Dan Friedkin Group has already done all it takes and will be handed the helms of the club after they FINALLY..

The Friedkin Group has made a significant move in their bid to take over Everton Football Club, paying off the £158 million loan from MSP Sports Capital. This move is seen as a crucial step in their efforts to complete the takeover, as it satisfies one of the conditions set by the Premier League for the deal to go through.

The loan, which was originally due to be repaid in April, was extended to the end of May after 777 Partners, another group interested in buying the club, had their exclusivity period expire. The Friedkin Group’s payment of the loan suggests that they are serious about completing the takeover and are willing to take on the financial responsibilities that come with it.

The payment of the loan also means that the Friedkin Group has taken over the charge that MSP Sports Capital had over Everton Stadium Development Company, which is responsible for the construction of the club’s new stadium at Bramley-Moore Dock. This gives the group control over the stadium and allows them to use it as collateral to secure funding for the club.

In addition to paying off the loan, the Friedkin Group has also provided an additional £40 million in funding to the club to cover short-term operating costs. This includes payments to Laing O’Rourke for construction at Bramley-Moore Dock and transfer instalments due to Udinese and Sporting CP for last summer’s signings, Beto and Youssef Chermiti.

The move is seen as a positive step for the club, as it shows that the Friedkin Group is committed to investing in the team and the stadium. It also suggests that they are willing to work with the Premier League to satisfy their requirements for the takeover to go through.

Fans of the club have expressed optimism about the takeover, with many seeing it as a chance for the club to move forward and compete with the top teams in the Premier League. However, some have also expressed concerns about the level of debt that the club is taking on, and the potential risks that come with it.

Overall, the payment of the loan and the provision of additional funding by the Friedkin Group is a significant development in the takeover saga, and suggests that the group is serious about completing the deal and investing in the club’s future.