The Friedkin Group (TFG) has received Premier League approval to become Everton’s new owner, sky sports news Understood.
TFG has been undergoing regulatory proceedings since agreeing a deal to buy 94.1% of Farhad Moshiri’s club.
The acquisition is currently expected to close next week.
In September, TFG agreed to acquire a majority stake in Everton.
The Friedkin Group, which also owns Roma and is led by American billionaire Dan Friedkin, came close to agreeing a deal to buy Everton last summer but pulled out due to concerns about the club’s loans with other investors. .
However, the deal between Moshiri-run Blue Heaven Holdings and The Friedkin Group has now been approved by Premier League regulators.
Friedkin bought Serie A giants Roma in 2020 and is worth an estimated $6.1bn (£4.8bn).
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‘This deal will put Everton in a better position’
Sky Sports News reporter Alan Myers:
“Moshiri worked extremely hard to get this deal done.
“This deal will put the club in a better position than many prognosticators suggested, certainly from the moment of his acquisition, thanks to his decision to convert the loan into equity and the fact that he is facing a huge The ability to persevere when challenged to build a new stadium.
“That will be his legacy. Of course, he will admit that he made mistakes – and he did.
“The club’s league position over the years tells us that. But if everything goes as expected, Everton can look to a brighter future and he will play his part in that.”
The Friedkin Group is about to be taken over by Everton – so what can we expect?
Everton on the cusp of takeover bid
There have been many false dawns in Everton’s takeover saga, but the sun may only be days away from rising again around the Merseyside club.
The Friedkin Group are expected to become Everton’s new owners next week.
sky sports news reporter Alan Myers Here’s a look at what we can expect from the Texas billionaire after the acquisition closes…
read here
