The Friedkin Group (TFG) have reached an agreement to complete a takeover of Everton, subject to Premier League approval.
A deal has been reached for TFG to purchase Farhad Moshiri’s 94% stake in the Toffees, in an agreement that could end the uncertainty surrounding Everton’s financial future.
The long-running saga has seen Moshiri hold takeover talks with the KAM Group, MSP Sports Capital and Miami’s 777 Partners, all of which collapsed, and there will be hopes a deal can finally be done following long-term interest from TFG.
Friedkin, who also own Serie A side Roma, are owed £200m by Everton, part of an
external debt that has risen to around £600m according to The Athletic, as the Blues have sought methods to oversee the day-to-day running of the club and construction of their new stadium.
A joint statement said from Moshiri’s company and TFG said: “Blue Heaven Holdings and The Friedkin Group confirm that they have reached agreement over the terms of the sale of Blue Heaven Holdings’ majority stake in Everton Football Club.
“The transaction is subject to regulatory approval, including from the Premier League, the Football Association, and the Financial Conduct Authority.”
A spokesperson for The Friedkin Group said: “We are pleased to have reached an agreement to become custodians of this iconic football club.
“We are focused on securing the necessary approvals to complete the transaction. We look forward to providing stability to the club, and sharing our vision for its future, including the completion of the new Everton Stadium at Bramley-Moore Dock.”
