Sports

Everton Football Club Buyer in Talks With JPMorgan on Debt Sale

Football club has over £660 million in outstanding loans
Group aims to simplify club’s debt burden after takeover

An English Premier League football match between Everton and Tottenham Hotspur at Goodison Park in Liverpool.
Photographer: Paul Ellis/AFP/Getty Images

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By Silas Brown and David Hellier

December 5, 2024 at 10:17 AM UTC

This article is for subscribers only.

One of the first actions by the Friedkin Group after it completes its takeover of Premier League club Everton FC will be to sort out the club’s onerous balance sheet.

The Friedkin Group is in talks with JPMorgan Chase & Co. about raising debt to help restructure Everton’s current loans, which total over £660 million ($840 million), according to people familiar with the matter. This will potentially help reduce interest payments and stretch Everton’s debt over a more manageable timeframe.