SHOCKING NEWS; Friedkin Group’s deal has collapsed due to..

Everton’s owner Farhad Moshiri and the club’s fans will be worried about the chances of a takeover being completed after The Friedkin Group’s deal has collapsed.

That is the view of finance expert Stefan Borson, who exclusively told Football Insider it’s “extraordinary” for the Merseyside giants to have seen two takeover deals collapse after exclusivity due to issues surrounding the club’s debts.

The Friedkin Group – spearheaded by Dan Friedkin – was handed exclusivity in June after agreeing a deal in principle with Moshiri to take on his 94.1-per-cent stake at Goodison Park.

But risks associated to the £200million loan provided to Everton by former prospective owner 777 Partners to pay the operating costs are believed to be behind the breakdown in talks.

Everton crisis not conducive to conducting good takeover process

Borson believes the crisis the Merseysiders currently find themselves in isn’t conducive to conducting a good sale process as Moshiri now looks to find a new deal.

He told Football Insider: “To have had two deals collapse is pretty extraordinary after exclusivity.

“That is not typical and would be a worry for Moshiri and Everton fans generally.

“The issues Friedkin seems to have encountered don’t seem to be easily fixed. We are going to have to see from the outside.

“We don’t know the precise detail, but it all appears to be related to the £200million loan that was put in by 777.

“That is now subject to a number of disputes, including as to who even owns that debt.

“There were benefits to having that money, there is no question about that. It kept them alive throughout last season and that can’t be ignored.

“But to have this sort of crisis when you’re trying to sell a club is not conducive to a good sale process.”