Exclusive: Everton takeover ‘very close’ to completion
Everton are closing in on the completion of their Friedkin Group takeover, sources have told Football Insider.
The US-based company, led by billionaire Dan Friedkin, struck a deal to buy Farhad Moshiri’s 94.1% stake in the club last month.
A well-placed Goodison Park source has now told Football Insider that the takeover is now “very close” to completion.
Friedkin will have to pass regulatory tests, including the Premier League’s owners’ and directors’ test, before he can take charge on Merseyside.
Sources say the 59-year-old is set to get full approval from top-flight chiefs “in the next couple of weeks”.
He has returned to the deal for Everton after initially pulling out in July over concerns about money owed to 777 Partners.
The US business already own Serie A giants Roma and delivered success at Stadio Olimpico in 2022 when they won the Europa Conference League.
Friedkin’s Everton deal to clear ‘in the next couple of weeks’
Everton have struggled financially in recent years and were deducted eight points for two separate breaches of Profit and Sustainability Rules (PSR) in the 2023-24 campaign.
However, the Toffees’ financial outlook is set to improve dramatically when they move into their new state-of-the-art stadium next year.
The ground will hold 52,888 fans and will be fully operational for the start of the 2025-26 campaign.
This season, Everton sit 16th in the Premier League table after eight games.
Sean Dyche’s side have picked up eight points from a possible 24 and are already five points clear of relegation danger.
In other news, “huge” Dominic Calvert-Lewin update emerges.
For more Everton news, follow us on Facebook or join our brand new WhatsApp Channel for instant updates to be sent straight to your phone.