The Premier League has given the Friedkin Group permission to acquire Everton; the buyout is now anticipated to be completed next week. The regulatory procedure has been going on ever since TFG agreed to buy Farhad Moshiri’s 94.1% stake in the team.
The Friedkin Group (TFG) have secured approval from the Premier League to become the new owners of Everton, Sky Sports News understands.
In September, TFG reached an agreement to purchase the majority of Everton. Last summer, the Friedkin Group—which also owns Roma and is headed by American billionaire Dan Friedkin—was on the verge of acquiring Everton before announcing that it had backed out because of worries over loans the team had taken out from other investors.
But the Premier League has now given its regulatory approval to the agreement made between Moshiri’s Blue Heaven Holdings and The Friedkin Group. Friedkin’s estimated net worth is $6.1 billion (£4.8 billion), and he purchased Serie A powerhouse Roma in 2020.
Deal will leave Everton in better place’
Sky Sports News reporter Alan Myers:
“Moshiri has worked hard to get this deal over the line.
“This deal will leave the club in a better place, certainly from the one he acquired, than many forecasters suggested, thanks to his decision to turn his loans into equity and his tenacious endurance to get the new stadium built in the face of huge challenges – some of them not appreciated by many.
“This will be his legacy. He will admit to making mistakes, of course – and there have been mistakes.
“The club’s league position over a number of years tells us that. But if all goes as expected, Everton can look to a brighter future ahead and he will have played his part in that.”
The Everton takeover story has seen many false dawns, but it might only be a matter of days before the Merseyside club sees the sun rise once more. Next week, the Friedkin Group is anticipated to take over as Everton’s new owners.
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