Everton Confirm Sale Of Football Club

The Friedkin Group has agreed a deal to acquire a majority stake in Everton.

The Friedkin Group, which also owns Roma and is led by American billionaire Dan Friedkin, was close to agreeing on a deal to buy Everton a few months ago, only to announce it had pulled out due to concerns over loans that the club had taken up with other investors.

The deal struck between Blue Heaven Holdings – run by Farhad Moshiri – and The Friedkin Group is subject to regulatory approval, including from the Premier League, the Football Association, and the Financial Conduct Authority.

The Friedkin Group said in a joint statement: “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. 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.”

The Friedkin Group suddenly re-entered the race to buy Everton despite American businessman John Textor, who has a 45 per cent share in Crystal Palace, believing he was close to acquiring a majority shareholding in the club

Textor’s proposed deal to complete a takeover was reportedly “progressing well” up until last week, with Aliya Capital Partners, an investment firm based in Miami, already committing to joining Textor’s bid to buy Everton.

Meanwhile, Everton has been facing significant challenges recently, including a points deduction that has impacted their battle against relegation.

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.

Currently, in the 2024/2025 season, the club has garnered 0 points from their initial four games and managed to secure a point in their last match—a 1-1 draw against Leicester City.

They are tied on one point alongside Southampton and Wolves.

Again, Everton could face a third-point deduction after further financial breaches were reportedly discovered, Goal reported in August.