Everton’s takeover by The Friedkin Group (TFG) is nearing completion, with an official confirmation anticipated as soon as Thursday, December 19, according to The ECHO. The Friedkin Group, led by American billionaire Dan Friedkin, initially approached Farhad Moshiri in June with an offer to buy the club. However, talks were paused in July due to concerns regarding Everton’s financial exposure to the struggling investment firm, 777 Partners.
Those concerns have now been resolved, and by September, TFG, who also own Serie A club Roma, resumed negotiations. They have since agreed to acquire Moshiri’s 94% stake in the club, with no major obstacles reported during the process. The deal is now expected to be finalized imminently.
This development marks the end of Moshiri’s eight-year ownership of Everton, a period marked by significant challenges. The club is preparing for a move into its new 52,888-seat stadium on the Liverpool waterfront at the end of the current season.
Currently 16th in the Premier League, just three points clear of relegation, Everton faces second-placed Chelsea at Goodison Park this Sunday. TFG representatives could be in attendance after the official announcement of the takeover.
