“After winning election is….” Finance Expert issues Donald Trump admission as Dan Friedkin aims to seal Everton takeover

Dan Friedkin, a Texas-based billionaire and major Republican donor, is close to completing his takeover of Everton Football Club. This development has been highly anticipated by Everton fans, especially after Donald Trump’s re-election, which is expected to boost Friedkin’s wealth ¹ ².

Friedkin has already demonstrated his commitment to the club by providing working capital to cover the wage bill and paying off one of the existing loans ¹ ². According to finance expert Kieran Maguire, this move shows a serious desire on Friedkin’s part to finalize the deal ¹ ². Once the takeover is complete, Friedkin may convert this investment into equity.

Everton fans are eagerly awaiting the completion of the takeover, hoping that Friedkin will prioritize the club’s interests now that the US presidential election is over ¹ ². With his increased wealth, Friedkin will be better positioned to invest in the team’s future. The fans are also looking forward to the January transfer window, when the club can acquire new players ¹.

Takeover Timeline and Hurdles

While the exact timeline for the takeover is uncertain, it is expected to be finalized before 2025 ². However, there are still some obstacles to overcome, including:

• Premier League’s Owners and Directors Test: Friedkin must pass this test to receive approval for the takeover ¹ ².
• Outstanding Loans: Everton needs to pay off its existing loans, including the £200m loan from 777 Partners, which is currently the subject of an injunction ².
• Leadenhall Lawsuit: This lawsuit could potentially delay the takeover until March ².

Friedkin’s Background and Business Interests

Dan Friedkin is the owner and president of AS Roma, an Italian football club, and has a net worth of approximately $6.1 billion ³. He is also the CEO of Gulf States Toyota and chairman of Auberge Resorts Collection, a portfolio of luxury resorts and hotels ³. Friedkin’s business acumen and experience in the sports industry make him a promising owner for Everton.

What’s Next for Everton?

With Friedkin’s takeover imminent, Everton fans are optimistic about the club’s future. The completion of the deal will bring much-needed stability and financial support, enabling the team to compete more effectively in the Premier League. As Friedkin leverages his increased wealth to invest in the team, Everton may soon find itself back in contention for top honors.