Dan Friedkin visits Everton new stadium as takeover continues at pace

The proposed takeover of Everton by US billionaire Dan Friedkin continues to move at pace with representatives of the Friedkin Group in Liverpool this week.

The exclusivity agreement, which can last up to 30 or 60 days and could be extended if agreed by both parties, allows for the buying side to conduct due diligence into the financial health of the Blues, gaining access to the club’s data room, and leaving Moshiri unable to engage in talks, or solicit interest, with other potentially interested parties.

Sources have told the ECHO that the due diligence will ‘take as long as required’ for the Friedkin Group to be satisfied that no nasty surprises will be thrown up, and the potential owners have already taken one significant stride forward in demonstrating their intentions. That charge signifies the stadium being used as collateral for a loan from the company that replaces the £158m loaned to the club last year by New York-based MSP Sports Capital, who had been one of the interested parties following the collapse of the long-doomed takeover bid by 777 Partners at the start of June.

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