Everton finally land new owners as Friedkin Group takeover on verge of Premier League approval
The Friedkin Group, led by American billionaire Dan Friedkin and which also owns Roma, was close to purchasing Everton last summer before declaring that they had withdrawn their interest due to concerns over debts the team had obtained from other investors.
But in the past few months, the agreement has purportedly been revived and completed.
Since reaching an agreement to buy Farhad Moshiri’s 94.1 per cent stake in the club, The Friedkin Group has been going through the regulatory process to approve their takeover.
The Times has now reported that the Premier League has given its regulatory approval to the agreement made between Moshiri’s Blue Heaven Holdings and the Friedkin Group, and the deal could be signed and announced over the course of the next week.
Moshiri agreed to the sale of his stake in Everton in September but is set to walk away with virtually nothing from the deal as the Friedkin Group is set to clear the Toffees’ current standing debts of around £600 million ($757m) that was accrued under his ownership.
If all goes to plan, the Toffees may officially partake in their final game under the majority ownership of Moshiri on Saturday, December 14, when Sean Dyche’s team take on title challengers Arsenal at Emirates Stadium.
