According to recent reports, the Friedkin Group, a US-based investment firm chaired by Dan Friedkin, is on the brink of finalizing a takeover deal for Everton football club. The group, which is also owned by Roma in Serie A, has been rumored to be worth over $6 billion.
It’s believed that Friedkin is currently considering purchasing the 94 percent stake in Everton owned by Farhad Moshiri and is expected to make a decision within the next 24 hours. The BBC report suggests that the Friedkin Group has tentatively agreed to the takeover, with Moshiri granting them a period of exclusivity. This comes after several other groups had expressed interest in acquiring Everton following the collapse of a previous takeover deal with American investors 777 Partners.
Despite facing financial challenges due to breaches of the league’s Profit and Sustainability Rules (PSRs), Everton managed to avoid relegation under manager Sean Dyche in the 2023-24 Premier League season. As they work towards stabilizing their finances and repaying $200 million in loans to American firm MSP, completing the Friedkin Group takeover could provide much-needed stability for Everton ahead of their anticipated move to their new stadium at Bramley Moore Dock in the summer of 2025.
