Everton FC is on the brink of a significant transformation as The Friedkin Group, the owners of Serie A giants AS Roma, have confirmed a deal to acquire a majority stake in the club. This development marks a crucial turning point for the Toffees, who have been in the market for new ownership for over a year.
The Sale of Everton
Farhad Moshiri, Everton’s majority owner, put the club up for sale more than 12 months ago, seeking new investors to lead the club into its next chapter. Moshiri’s tenure had been marked by ambitious plans and high-profile signings, but also by challenges and controversies that ultimately led to his decision to sell.
Negotiations with various parties have been ongoing throughout the year. One of the notable bidders was 777 Partners, who had reached an agreement on the terms of a takeover. However, their attempts to finalize the deal before the deadline in June fell short. This left Everton’s future in limbo until The Friedkin Group stepped in.
The Friedkin Group’s Takeover
The Friedkin Group, led by Dan Friedkin, who also owns AS Roma, has now reached an agreement to purchase Farhad Moshiri’s 94% stake in Everton. This deal represents a significant shift in the club’s ownership and is poised to bring a new direction to Everton’s management and strategic vision.
The official statement from Everton reads: “Blue Heaven Holdings and The Friedkin Group confirm that they have reached an agreement over the terms of the sale of Blue Heaven Holdings’ majority stake in Everton Football Club. The transaction is subject to regulatory approval, including from the Premier League, the Football Association, and the Financial Conduct Authority.”
This statement underlines that while the deal has been agreed upon, it remains subject to the standard regulatory checks and approvals, which are expected to be completed by the end of the calendar year.
The Friedkin Group’s Vision
In their statement, The Friedkin Group expressed enthusiasm about their new venture: “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.”
The Friedkin Group’s takeover promises stability and a clear vision for the future of Everton. Key to their plans is the completion of Everton’s new stadium at Bramley-Moore Dock—a project that has been central to the club’s ambitions for growth and modernization. The Friedkin Group’s experience with AS Roma and their track record in sports management suggest that they are well-equipped to oversee this critical phase for Everton.
What Lies Ahead for Everton
The impending takeover by The Friedkin Group could usher in a new era for Everton FC, characterized by renewed stability and ambition. The completion of the Bramley-Moore Dock stadium will be a focal point, potentially transforming the club’s fortunes both on and off the pitch.
For Everton supporters, the new ownership brings hope for a fresh start and a more prosperous future. With The Friedkin Group’s established background in football and their commitment to enhancing club infrastructure, there is optimism that Everton can achieve new heights in the Premier League and beyond.
As the deal progresses through regulatory channels, fans and stakeholders will be eagerly watching for updates. The Friedkin Group’s stewardship is expected to not only reshape Everton’s immediate future but also lay the foundation for long-term success.
In conclusion, this takeover represents a significant milestone for Everton FC, offering a chance for reinvention and progress. As The Friedkin Group prepares to take the helm, the anticipation and excitement around Goodison Park will undoubtedly grow, setting the stage for what could be a transformative period in the club’s storied history.
