Everton Agrees To New Takeover
Everton and the Friedkin Group have agreed a deal in principle for a full takeover of the club, according to multiple UK media reports.
The consortium’s offer to purchase incumbent owner Farhad Moshiri’s 94% stake in the Merseyside club has reportedly been accepted, with Moshiri expected to grant a period of exclusivity.
The investment group is led by US businessman Dan Friedkin, who has an estimated net worth of $6.1bn (£4.8m).
Everton had previously reached an agreement with 777 Partners in September that would see the US private investment company purchase Moshiri’s share. However, this recently fell through, after the deal expired on 31st May.
Before the Friedkin Group entered the ownership race, Everton had four bids on the table, following the collapse of the 777 Partners takeover. These included UK-based Vici Private Finance, US private equity firm MSP Sports Capital, UK businessmen Andy Bell and George Downing, and a consortium led by Vatche Manoukian that includes a Saudi royal.
Last month, Crystal Palace co-owner John Textor also expressed interest in Everton, and revealed he had held talks over a potential investment in the club.
The Friedkin Group’s ownership portfolio also includes AS Roma, after it completed a takeover of the Italian Serie A outfit in 2020.
British-Iranian businessman Moshiri first invested in Everton in 2016 when the 69-year-old acquired a 49.9% share in the Toffees, before increasing this to 94.1% in 2022.
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