Farhad Moshiri will change his loan to shares if the Friedkin sale doesn’t happen.
This decision comes after new rules from the Premier League about shareholder loans. These rules will start on that date and aim to ensure loans are valued fairly. Manchester City opposed these changes but lost when it was voted on.
The new rule aims to stop clubs from boosting their finances unfairly through loans. Moshiri’s choice to change the loan into shares is seen as a big step to help Everton’s financial health.
However, this change raises worries about whether the club will follow Profitability and Sustainability (PSR) rules. Everton has had money troubles recently, including losing points for breaking PSR rules last season.
The club is under investigation for possible further rule violations and must submit its accounts early to fix any problems. The sale to the Friedkin Group, which owns AS Roma, still needs approval from the Premier League.
If the sale is approved, it would end a difficult time for Everton under Moshiri’s leadership. Despite the issues in management, Everton’s coach, Sean Dyche, has kept the team from being relegated.
After narrowly avoiding relegation last season, he needs to do it again this year. Currently, the Toffees are in 15th place in the league and are on a four-game winless streak. They hope to break this streak when they play Manchester United at Old Trafford this weekend.
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