Everton have confirmed that an agreement has been reached for The Friedkin Group, which owns a majority stake in Serie A giants AS Roma, to complete the takeover of the club.
The Toffees were put up for sale more than 12 months ago by majority owner Farhad Moshiri, who has seen negotiations collapse with various parties, including 777 members, who had agreed terms of the takeover but failed to be able to finalize a deal before the deadline in June.
Now, The Friedkin Group has reached an agreement to buy 94% of Moshiri a evertonwith formal approval expected to arrive before the end of the calendar year.
“Blue Heaven Holdings and The Friedkin Group confirm that they have reached an agreement on the terms of the sale of Blue Heaven Holdings’ majority stake in Everton Football Club,” read a statement. “The transaction is subject to regulatory approval, including the Premier Leaguethe Football Association and the Financial Conduct Authority”.
A spokesman for The Friedkin Group added: “We are delighted 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 Everton’s new stadium at Bramley-Moore Dock.”
