The Friedkin Group (TFG) have officially secured the necessary approval from the Premier League, paving the way for them to become the new owners of Everton Football Club, as reported by Sky Sports News. This significant acquisition comes after an extensive regulatory review process that has been underway since TFG reached an agreement to purchase Farhad Moshiri’s substantial 94.1 percent shareholding in the club.
The takeover is anticipated to be finalized next week, with the Premier League Oversight Committee poised to give the final rubber stamp to the deal. TFG initially agreed to acquire a majority stake in Everton back in September, marking a critical turning point in the club’s ownership saga.
The Friedkin Group, which also holds ownership of the Italian Serie A club AS Roma, is led by the American billionaire Dan Friedkin. Notably, Friedkin has experience in high-profile football club acquisitions, having purchased Roma in 2020. His estimated net worth stands at an impressive $6.1 billion (£4.8 billion), showcasing the financial prowess behind this new venture.
Previously, the Friedkin Group was on the verge of securing a deal to purchase Everton last summer, but concerns regarding the club’s existing loans with other investors led them to withdraw from negotiations at that time. However, the recent agreement between Blue Heaven Holdings, overseen by Moshiri, and The Friedkin Group has successfully passed the Premier League’s regulatory scrutiny, indicating a newfound confidence in the deal’s stability.
Throughout the Everton takeover saga, fans have experienced numerous false dawns that have left them anxiously awaiting positive news. However, the prevailing sentiment suggests that the sun may finally be rising on a new chapter for the Merseyside club in just a matter of days.
As the process progresses, anticipation builds among supporters who are eager to see what changes this new ownership group will bring to the club. The Friedkin Group’s involvement suggests that Everton could be on the cusp of revitalization, with hopes for a brighter future ahead. Fans and stakeholders alike will be watching closely as the final stages of this takeover unfold.
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