The Friedkin Group set for Everton takeover

admin admin | 06-15 08:15

Everton have reached an agreement in principle with The Friedkin Group for a takeover of the Premier League club, according to several reports.

The group's billionaire chairman Dan Friedkin has owned Roma since 2020 and is said to have been in talks with Everton’s current owner Farhad Moshiri with a view to buying his 94% stake.

The proposed takeover by troubled US investment group 777 Partners fell through last month but Moshiri could not look at other options until 1 June for exclusivity reasons.

Reports state that The Friedkin Group have been preferred ahead of a number of rival bids.

Everton finished 15th in the Premier League last season despite being docked eight points for breaches of profit and sustainability rules.

The club are due to move to their new ground at Bramley-Moore Dock for the 2025-26 season with work scheduled to finish on the stadium in December.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

Gold prices see drop in local and international markets

Listen to article In a major shift in the local gold market, the price of 24-carat gold per tola dec...

Bank of England cuts interest rate as UK inflation hits three-year low

The Bank of England on Thursday said it was cutting its key interest further after UK inflation hit ...

US Fed Reserve to cut rates amid economic uncertainty under second Trump term

The US Federal Reserve is expected to reduce its benchmark policy rate by a quarter of a percentage ...

Last 28th Māori Battalion veteran Sir Bom Gillies dies, aged 99

Sir Robert 'Bom' Gillies, the last surviving member of the 28th Māori Battalion, has died. He was 99...

RSA seeks new pokie consent after 'honest mistake'

Whakatāne's Returned Services Association has made a plea to council for help to reopen its gaming r...

Drugs, theft, safety fears: Tourism village's emergency housing motel impacts

A claim that emergency housing motels have not impacted tourism in Rotorua has been rubbished by one...