Friedkin Group in ‘Principle’ Agreement to Takeover Everton as the Club Faces Financial Challenges

According to reports from The Athletic and the BBC, US investors led by Dan Friedkin, CEO of The Friedkin Group, are on the verge of agreeing to a takeover deal for Premier League club Everton. The Friedkin Group is worth over $6 billion and also owns Serie A side Roma. Current owner Farhad Moshiri, who owns a 94 percent stake in the club, is considering selling his stake to Friedkin.

Friedkin has reportedly agreed to the takeover “in principle,” beating out several other groups who had shown interest in buying the club following the collapse of a previous takeover deal with American investors 777 Partners. With more Profit and Sustainability Rules (PSR) deadlines looming, Everton is facing financial challenges as they were deducted eight points during the 2023-24 season for breaches of these rules. Despite this setback, manager Sean Dyche managed to keep the team afloat amidst financial difficulties.

The potential takeover comes at a crucial time for Everton as they are set to move into their new stadium at Bramley Moore Dock in the summer of 2025, adding to the urgency of getting the takeover deal finalized quickly and smoothly after the disappointment of the failed 777 Partners takeover. This could provide hope for stability and financial security for Everton as they navigate through a crucial period both on and off the pitch.