Everton have announced that current owner Farhad Moshiri has agreed to sell his 94.1% stake to The Friedkin Group (TFG) – led by Roma owner Dan Friedkin. It represents a huge U-turn after the party initially pulled out of a deal a few months ago due to concerns over loans which the Toffees had taken up with other investors.
TFG suddenly re-entered the race just as American businessman John Textor, who has a 45 per cent stake in Crystal Palace, believed he was close to completing a takeover.A statement read: “Blue Heaven Holdings and The Friedkin Group confirm that they have reached agreement over the terms of the sale of Blue Heaven Holdings’ majority stake in Everton Football Club. The transaction is subject to regulatory approval, including from the Premier League, the Football Association, and the Financial Conduct Authority”
A spokesperson for TFG added: “We are pleased to have reached an agreement to become custodians of this iconic football club. We are focused on securing the necessary approvals to complete the transaction. We look forward to providing stability to the club, and sharing our vision for its future, including the completion of the new Everton Stadium at Bramley-Moore Doc
A spokesperson for TFG added: “We are pleased to have reached an agreement to become custodians of this iconic football club. We are focused on securing the necessary approvals to complete the transaction. We look forward to providing stability to the club, and sharing our vision for its future, including the completion of the new Everton Stadium at Bramley-Moore Dock.”
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