Julius OkorieMulti-billion dollar American group of Investors, The Friedkin Group are on the verge of taking over Everton after successfully acquiring Farhad Moshiri’s majority 94% stake in the 146 year old Premier League club.
Friedkin Group’s official takeover of Everton is only awaiting regulatory approval from the Premier League, the Football Association, and the Financial Conduct Authority.
Join our WhatsApp ChannelThe US-based group, led by Chairman Dan Friedkin, who also owns Roma, has shown its commitment to the club. With a net worth of £5.7 billion according to Forbes, the group aims to bring stability and a vision for the future, including the completion of the new Everton Stadium at Bramley-Moore Dock.
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This acquisition would mark the 10th club in the Premier League under majority American ownership. Others in the line basket are Arsenal, Aston Villa, Chelsea, Crystal Palace and Fulham. Also included are Leeds United, Liverpool, Manchester United and West Ham.
“We are pleased to have reached an agreement to become custodians of this iconic football club. We are focused on securing the necessary approvals to complete the transaction”, a statement from Friedkin Group reads.
“We look forward to providing stability to the club and sharing our vision for its future, including the completion of the new Everton Stadium at Bramley-Moore Dock.”
Everton who battled relegation in the last two seasons are currently in the 19 spot in the new season with four defeats and five draws in nine games played.
Recall that in the 2023/24 season, the club was docked ten points for breaching financial fair play rules, which placed them in a precarious position in the league standings.
However, this deduction, though later reduced to six points, also intensified their struggle to avoid relegation, leading to heightened pressure on players and management.
They finished eight points above the relegation zone with 40 points from 38 games.
Julius Okorie is Chief Sports and Entertainment Correspondent for Prime Business Africa. He began his journalism career with the Champion Newspaper and Sporting Champion and later moved on to Daily Independent and the Nation Newspapers. Okorie joined Prime Business Africa in 2024 bringing on board 20 years of experience in writing investigative news on Sports and Entertainment. His well researched and highly informative articles on Sports Business and general entertainment are followed by a wide range of audience.
