Everton takeover COMPLETED as crisis club release statement with new owners set to bring ‘immediate financial stability’
Share:
EVERTON'S takeover has finally been completed as it ends the turbulent tenure of Farhad Moshiri. The Friedkin Group (TFG) finalised it's majority takeover in a deal which is believed to be worth in excess of £400m. Roundhouse Capital Holdings Limited, which is an entity within The Friedkin Group, have bought Moshiri’s 94.1 per cent stake in the club.
![[The Friedkin Group (TFG) has completed its takeover of Everton, ending the Premier League club’s long search for new ownership]](https://www.thesun.co.uk/wp-content/uploads/2024/12/jh1_7274_ulrpnrtv-JS955086890_518b40.jpg?strip=all&w=960)
The group reached an agreement with Moshiri on 23 September and were awaiting regulatory approval, with the Premier League having the final say on the deal, which has now been granted. Formal confirmation that the deal could go ahead came on Wednesday from the Premier League’s independent oversight panel.
The Texas-based group is led by chairman Dan Friedkin and also owns Italian Serie A club Roma. Friedkin has a net worth of £6.16bn, according to Forbes. Friedkin has been proposed as the chairman of Everton's board, with Marc Watts serving as executive chairman.
Friedkin said in an open letter: "I take immense pride in welcoming one of England's most historic football clubs to our global family, the Friedkin Group. "Everton represents a proud legacy, and we are honoured to become custodians of this great institution.
FOOTBALL FREE BETS AND SIGN UP DEALS. "Whilst we are new to the club, we fully understand the vital role Everton plays in local culture, history, and the lives of Evertonians here and around the world. "We are deeply committed to honouring this legacy while contributing positively to the community, economy, and people of this remarkable city.".
