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Friedkin Group Secures Agreement to Acquire Majority Stake in Everton Football Club

Posted : 23 September 2024

Everton announced on Monday that the Friedkin Group has finalized an agreement to acquire Farhad Moshiri's majority stake in the Premier League club. This deal comes after the group, led by American billionaire Dan Friedkin, entered a period of exclusivity in June to negotiate a potential purchase. Although Everton previously indicated in July that no agreement would be reached, the recent statement confirms a turnaround.

 

The announcement clarifies that Blue Heaven Holdings, associated with Moshiri, and the Friedkin Group have agreed on the terms for the sale of the majority stake. However, the transaction is still subject to regulatory approval, which includes oversight from the Premier League, the Football Association, and the Financial Conduct Authority. This step is crucial before the sale can be completed.

 

A spokesperson for the Friedkin Group expressed their satisfaction with reaching this agreement, emphasizing their commitment to being custodians of the historic football club. They highlighted their focus on obtaining the necessary approvals to finalize the deal and outlined their vision for the club's future, which includes the completion of the new Everton Stadium at Bramley-Moore Dock.

 

Currently, Everton finds itself struggling in the Premier League, sitting second from the bottom after suffering four defeats in their first five matches. The new ownership hopes to bring stability to the club amid these challenges.

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