Roma’s US owner Dan Friedkin set to buy Everton

Dan Friedkin, owner of Serie A giants Roma, is poised to take control of Premier League club Everton, following an agreement with current majority shareholder Farhad Moshiri. This move, which has garnered significant attention, marks a potential turning point for Everton. It also promises new financial stability and a fresh strategic direction.

Farhad Moshiri, who has been the majority shareholder of Everton since 2016, initially explored selling his 94.1% stake to Miami-based investment group 777 Partners. The agreement, made in September 2023, anticipated a swift conclusion by the end of the year.

However, the deal faced delays as 777 Partners struggled to meet the Premier League’s stringent conditions. But by May 2024, the agreement expired. This prompted the Toffees to acknowledge the financial support provided by 777 Partners while ending the exclusivity of their negotiations.

With the collapse of the deal, Moshiri has been free to consider other potential buyers. Enter Dan Friedkin, the Texas-based billionaire with an estimated net worth of $6.1 billion. Sky Sports reported Friedkin’s interest in Everton, and his offer has now been accepted, placing him at the forefront of a new era for the club.

Who is Dan Friedkin and what can he bring to Everton?

Dan Friedkin, who acquired the Giallorossi in 2020, has demonstrated a keen interest in expanding his sports portfolio. His tenure in Italy’s capital has been far from memorable. There have been multiple contentious decisions. This includes the high-profile appointment of manager Jose Mourinho.

The American’s vision for Everton includes a multi-club ownership model, with both Roma and Everton positioned as flagship entities within his sports empire.

The agreement with Moshiri will be complete within 48 hours, granting Friedkin a period of exclusivity to finalize the purchase. The deal, valued at approximately $508 million, is seen as a straightforward transaction given Friedkin’s…

Source link : https://worldsoccertalk.com/news/new-dawn-romas-us-owner-dan-friedkin-set-to-buy-everton/

Author : Martina Alcheva

Publish date : 2024-06-15 16:38:15

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