The reason for the Friedkin Group’s sudden withdrawal from a takeover deal of Everton has been revealed in today’s edition of Il Tempo.
The American businessmen were supposedly closing in on purchasing a majority stake in the English club.
However, Everton announced on Friday afternoon a stop to the talks involving the Texan Roma owners.
According to Il Tempo, sources from the US confirm that the Friedkins got scared of Everton’s outstanding debt (amounting to approximately £200 million) towards 777 partners – a private investment company based in Miami.
This debt is said to have hindered Dan Friedkin, the Texan tycoon, from continuing the negotiation and closing a deal for Everton’s majority stake.
