Everton takeover news: Big Dan Friedkin update emerges – sources
Dan Friedkin’s deal to buy Everton is unlikely to take as long as 777 Partners’ failed takeover attempt after he’s reached an agreement in principle with Farhad Moshiri.
Speaking on the latest edition of Football Insider’s Inside Track podcast, senior correspondent Pete O’Rourke revealed Moshiri has given the American billionaire exclusivity to look at the club’s books as he looks to get a deal over the line.
777 Partners were granted exclusivity last September in its bid to buy Everton, but the Miami-based company were unable to complete the deal.
The Friedkin Group has now become the latest party to be given the opportunity to take on Moshiri’s 94.1 per cent stake at Goodison Park.
The US firm will now have to pass the Premier League’s owners’ and directors’ test as well as come through various other regulatory processes to take the reins on Merseyside.
Dan Friedkin could secure Everton takeover after 777 Partners failure
Football Insider first revealed last month American bidders had contacted Moshiri about buying Everton.
John Textor was believed to be the front runner after 777’s deal fell through, but he dropped out of the running due to fears he wouldn’t be able to quickly offload his 45 per cent stake in Crystal Palace.
Friedkin’s group has now agreed a deal in principle with Moshiri after moving ahead of several other interested parties in the race to buy the club.
The California-born businessman is believed to have an estimated net worth of around £4.8billion.
The 59-year-old purchased Serie A giants Roma in 2020 before they went on to win the Europa Conference League two years later under Jose Mourinho.
In other news, Everton “confident” of midfielder deal as Tottenham swoop.
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