Everton ‘very confident’ takeover will be completed soon
Everton are “very confident” the deal for the US-based Friedkin Group to buy out Farhad Moshiri’s stake will go ahead and the takeover can be completed.
Speaking on the latest edition of Football Insider’s Inside Track podcast, senior correspondent Pete O’Rourke revealed that representatives from Friedkin Group recently travelled to Merseyside for a visit.
The group is currently conducting due diligence on the club, analysing all accounts to ensure that a takeover deal still makes sense.
However, the signs are positive and sources say the takeover is likely to be finalised in weeks rather than months.
There is confidence that a deal can be struck within the next six to eight weeks, by which point the Friedkin Group will become Everton’s majority shareholders.
Football Insider previously revealed that Farhad Moshiri had reached an agreement with Dan Friedkin.
Everton’s new takeover should be quicker than 777 Partners’ drama
Everton fans have already been stung by takeover collapses in recent months due to the charade that surrounded the 777 Partners’ attempt.
A deal with the Friedkin Group is expected to be struck much quicker, allowing everyone involved to move on from that drama.
It’s a positive situation for Everton, with the club hoping to end speculation over its ownership after over a year of confusion.
If the deal with the Friedkin Group goes ahead, then they will take on Moshiri’s 94.1 per cent stake at Goodison Park.
Before things can be finalised, the US firm still needs to pass the Premier League’s owners’ and directors’ test.
In other news, Jarrad Branthwaite agrees £160,000-a-week deal with Premier League giants.
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