Today is a momentous one for Everton fans all across the globe, as it marks the day when a deal was struck to finally usurp Farhad Moshiri from power.
In one of the most misguided and regressive ownerships in recent Premier League history, taking a solid institution and turning it into relegation fodder littered with financial turmoil, the Iranian certainly flew too close to the sun, and has paid the price dearly.
Now seeking to offload a club riddled with debt, Dan Friedkin remains one of few willing suitors actually able to take a gamble on this institution.
Not only does it show his immense wealth, but it also exhibits the American’s bravery, to see a long-term vision with such a historic club despite all their current-day problems.
Already he has overcome early concerns to win the race for the Toffees, as one journalist exhibits.
Giulia Bould provides Everton takeover update
Naturally, updates on Dan Friedkin’s Everton takeover have been plentiful today, with fans clamouring to hear the latest on what promises to be a historic moment for the club.
Transparency is a must for Evertonians, and it has been refreshingly shocking to see this deal forced through with such speed, and a statement thus uttered.
The Friedkin Group have stated: ‘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.’
And now, taking to X herself, BBC journalist Giulia Bould has revealed more in her rundown: ‘Here’s the situation with The Friedkin Group’s #EFC takeover, fair to say it’s 99% done: The deal’s agreed & signed, Finances are in place, Due diligence done when TFG had exclusivity in June, Concerns over 777 loan resolved, Just need PL approval, could be done in weeks.’
With this in mind, it’s worth familiarising yourself with who are The Friedkin Group and what they will offer Everton.
What does this Dan Friedkin update mean for John Textor?
In all honestly, had Friedkin ever planned to return to the table for Everton, John Textor never really stood a chance.
After all, there were just too many hurdles in place for the American, who had to sell his Crystal Palace shares before he could even think about taking over at Everton.
Blocked by the Premier League’s rules, he was so far off assuming control in Merseyside.
Meanwhile, it took no time at all for Friedkin to swan back in, buoyed by the debt the club already owed him, and replace him as the frontrunner.
So, for Textor, it’s merely back to the drawing board as he still seeks a solo venture within the Premier League.
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