Moshiri pledge over £451m loan if Everton sale drags on
The Guardian|November 29, 2024
Farhad Moshiri has agreed to convert his £451m loan to Everton into shares if the club have not been sold by the time new Premier League regulations on shareholder loans come into force.
Matt Hughes
Moshiri pledge over £451m loan if Everton sale drags on

The Everton owner has committed to waiving the debt on completion of his planned sale to the Friedkin Group, and will convert it to equity if it appears that will not happen before 11 January. From that date, shareholder loans will become subject to a fair market value test by the league after last week's vote on associated party transaction (APT) rules, to which opposition was led by Manchester City.

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The Guardian

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The Guardian

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The Guardian

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The Guardian

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The Guardian

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The Guardian

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The Guardian

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The Guardian

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