Everton reach agreement with Friedkin Group for the takeover of the club

September 23, 2024Ligue 1

LIVERPOOL, ENGLAND – SEPTEMBER 18: An Everton flag is seen outside the stadium prior to the Premier League match between Everton FC and West Ham United at Goodison Park on September 18, 2022 in Liverpool, England. (Photo by Alex Livesey/Getty Images)

The Friedkin Group has agreed to acquire owner Farhad Moshiri’s 94.1% share in Everton, and are now poised to buy the team, according to David Ornstein of The Athletic.

The Premier League and Football Association still need to approve the deal before it can close, but The Friedkin Group, led by US investor Dan Friedkin, is certain to become the next owners of the Merseyside club.

A few months ago, the Friedkin Group, who also owns AS Roma, were on the verge of completing a deal to buy Everton.

However, they announced their withdrawal because of worries over debts the team had obtained from other investors.

They have now reached an agreement with Moshiri’s company, Blue Heaven Holdings, pending permission from the Financial Conduct Authority, the Premier League, and the Football Association.

🚨 BREAKING: The Friedkin Group reaches total agreement to buy Everton. TFG purchasing all Farhad Moshiri shares + investing to reduce club debt. Moshiri accepted best deal for #EFC. Approval process ~12wk. Secures financial stability/future @TheAthleticFC https://t.co/iuodV3V47U

— David Ornstein (@David_Ornstein) September 23, 2024

Everton were facing an uncertain future in terms of ownership. (Photo by Michael Regan/Getty Images)