Branthwaite to Man Utd back on as Everton plunged into crisis

Tom Weber

Updated: 19 Jul 2024 05:40 CDT
3 min read

Everton are back in crisis as The Friedkin Group's potential takeover of the club has collapsed, according to David Ornstein.

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The Texas-based company had been in talks for several weeks regarding the potential acquisition of the Merseyside club in a move that had excited Everton fans.

The Toffees have been mired in financial problems for years and an earlier takeover attempt from controversial American group 777 Partners collapsed. 777, which also owns clubs in Brazil, Belgium, Germany, France and Italy and stands accused of fraud and other alleged dubious practices, is facing insolvency.

The emergence of Roma owner Friedkin was hailed as a blessing for Everton, but the group has now pulled out of the takeover talks following a review of Everton's debts, according to The Athletic's David Ornstein. Everton owe some £600 million, including £200m to 777, and have posted losses of £400m in recent years, leading to Friedkin deeming the operation too expensive and risky.

Branthwaite deal back on?

It is not yet clear how exactly this news will affect Everton's summer business, but with the club now scrambling to find a new prospective buyer, they will seemingly be entirely reliant on sales this window as a means to raise funds.

Previously, it had been thought that the impending transfer of Amadou Onana to Aston Villa would put Everton in a secure and comfortable position, but this was based on the assumption that the Friedkin takeover would get over the line.

The Toffees were adamant that they would be able to keep hold of their most prized asset, Jarrad Branthwaite, following the departure of Onana, but the latest development would suggest that this may no longer be the case.

Cynical as it may sound, this is good news for Man Utd, who still view Branthwaite as a dream target but have thus far baulked at Everton's €80m+ asking price.

Despite signing Leny Yoro for up to €70m, they remain keen on adding another centre-back and could return for Branthwaite, exploiting the latest twist in the takeover saga to exert pressure on Everton to lower their price.