The Friedkin Group, a multi-billion dollar American group of investors, has successfully negotiated the acquisition of Farhad Moshiri’s majority 94% stake in Premier League club Everton.
Friedkin Group’s official takeover of Everton is currently pending regulatory approval from the Premier League, the Football Association, and the Financial Conduct Authority.
The US-based group, led by chairman Dan Friedkin, who also owns Roma, has shown its commitment to the club. With a net worth of £5.7 billion according to Forbes, the group aims to bring stability and a vision for the future, including the completion of the new Everton Stadium at Bramley-Moore Dock.
This acquisition would mark the 10th club in the Premier League under majority American ownership.
“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”, a statement from Friedkin Group reads.
“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.”
Note that Everton, who have been relegation battlers in the last two seasons, are currently sitting in the 19th spot on the league table after recording four defeats and a draw in five games.
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