Friedkin in talks with JP Morgan to acquire Everton’s debt of £600 million

The Friedkin family is in talks with JP Morgan to acquire the debt of over £600 million that weighs on Everton.

The financial situation of the English club is particularly critical, and the American ownership has already provided an additional loan of £50 million last September.

According to Bloomberg.com, the Toffies are facing a total debt of about £660 million, an amount that includes a series of loans accumulated over the years.

The Friedkin family aims to define a repayment plan to restore this debt situation, keeping alive the sporting project of the English club.

In parallel, the construction of the new Everton stadium represents a further factor in pressure on the finances of the club.

The project, crucial to guarantee long-term economic growth, requires significant investments at a time when the club’s finances are already under great stress.