Dan Friedkin’s initial post-takeover activities unveil a significant £50 million Everton upgrade.

The Friedkin Group are already putting things in place as the Everton takeover edges closer.

Everton are living out their final weeks under Farhad Moshiri’s ownership,

as the Friedkin Group’s takeover is now classed as being ‘very close’.

A win against Wolves has lifted the pressure on the prospective

new owners finding a managerial replacement for Sean Dyche.

which could play a big part in their thinking as that game means more to the fans than anything.

Interestingly, it appears as if the Friedkin Group are doing their thinking away from the pitch,

as they’re currently in talks with some banking giants.

READ MORE: Martin Keown left stunned by Everton player who did something

‘ridiculous’ during their victory over Wolves
The Friedkin Group are in talks with JPMorgan about raising debt to

help restructure Everton’s current loans
According to Bloomberg, The Friedkin Group is in talks with JPMorgan Chase & Co.

about raising debt to help restructure Everton’s current loans, which stands at over £660 million.

It’s stated that this will potentially help reduce interest payments and stretch Everton’s

debt over a more manageable timeframe.

The Friedkin Group may, however, seek a deal with another bank to arrange the

funding as no agreement has been reached on the debt raising.According to the article,

the new owners will also assume the £150 million and £200 million that are owed

to 777 Partners and Rights and Media Funding, respectively.

This follows the Friedkin Group’s prior approval of the new stadium’s financing.