Kieran Maguire explains expensive routes Dan Friedkin would take at Everton, stating that everton has several “legacy issues” to deal with once he completes his takeover of the club and…

In an interview with TheBootRoom (8 July), football finance expert Maguire stated that the Toffees still have around £390 million in loans to pay off from previous debt financing deals agreed by Farhad Moshiri. Friedkin has reportedly already paid off a £158 million loan to MSP Sports Capital since agreeing a period of exclusivity to complete a takeover from Moshiri, and Maguire wondered if he’d do the same with the remaining debt [Liverpool Echo, 24 June].

Dan Friedkin may need some time to turn around Everton’s fortunes.

Given that he will inherit the mother of all financial footballing catastrophes at Goodison Park this summer, Maguire’s caution on Friedkin’s behalf is unsurprising. Friedkin will want to resolve any financial concerns as soon as possible [Sky Sports, 22 June], and repaying such a large amount of debt would undoubtedly be another step toward putting the club back on track. Paying off MSP’s loan to the club has facilitated the development of the Toffees’ new stadium on Bramley-Moore Dock, which could play an important role in producing funding in the future.

The Friedkin Group takeover, once approved by the FA and Premier League, gives Goodison fans hope for financial stability, but this may not be the case immediately [the i, 18 June]. It’s a long road back from the blunders that saw the club twice found guilty of violating Profit and Sustainability guidelines and deducted points, but the Toffees are finally on track, barring a late collapse. In other Everton news, Fabrizio Romano reports that the club has accepted terms on a new transfer.