Key points
It’s been a busy start to the week for Everton fans, with news breaking on Monday that the Friedkin Group had reached an agreement with Farhad Moshiri over a potential takeover of the football club.
The story, first emerging from Bloomberg news, claimed that US billionaire Dan Friedkin had returned to the negotiation table with Moshiri after a previous setback.
The latest developments come on the heels of the 777 Partners scandal, a firm which was subject to legal action in the US after attempting to purchase Everton back in May of this year.
However, a period of instability for all involved with Everton Football Club could soon be coming to an end, with the Friedkin Group on the verge of completing the takeover.
Here, you can stay up to date with all of the latest Everton takeover news as it happens thanks to our dedicated live blog coverage.
ICYMI – Friedkin agrees deal to purchase Everton
If you’re just joining our live coverage, allow us to catch you up on what has happened over the past 24 hours or so.
On Monday, The Friedkin Group – spearheaded by AS Roma President Dan Friedkin – reached an agreement to buy Farhad Moshiri’s majority 94% stake in Everton FC.
BBC Sport sources close to the deal – thought to worth more than £400m – have said there is ‘full confidence’ in completing the transaction within the next eight to 12 weeks and there is no reason why the Friedkin Group would not pass the regulatory tests.
According to Forbes, Dan Friedkin’s net worth is estimated to be over £6 billion, with his fortune having been made in the US car industry.
The one that got away…
Find out which star striker – who Everton almost signed for £20 million – has 10 league goals to name already this season.
[Link]
EFAB ‘encouraged’ by Friedkin’s vision
The Everton Fan Advisory Board have issued a statement regarding Monday’s takeover news.
You can read the organisation’s full response below.
Friedkin faces Dyche dilemma
One of the first big decisions Dan Friedkin will have to make as Everton owner is what to do about Sean Dyche.
Callum Davies explains why getting rid of Dyche too soon could become the American’s first major error as club owner…
[Link]
Taxtor’s costly mistake
Before news broke of The Friedkin Group’s agreement to purchase Everton on Monday, another US businessman was being linked with a takeover.
That man was Botofogo owner John Textor, who openly detailed his efforts to buy the club. However, as TalkSPORT reporter Alex Crook reveals, his antics didn’t win over Farhad Moshiri…
[Link]
Friedkin Group reassures Roma fans
The group’s prospective takeover of Everton has generated some unrest back in Italy over fears they’ll abandon the club.
Find out more…
[Link]
New Everton stadium update
It’s not a bad view at all from the South Stand at Bramley-Moore Dock.
Burnham – A major cloud has lifted over Everton
Andy Burnham, the Mayor of Greater Manchester, has been speaking about the imminent takeover of Everton at the Labour Party Conference.
He told the ECHO: “It feels like a major cloud has lifted over Everton Football Club. We don’t know everything about these owners, so you always have to be careful. But of the prospective owners, these seemed like the best fit for Everton. Obviously, they’re already running Roma, so that creates confidence.
“It feels like it’s a great day [Monday] for Everton Football Club and for all of our supporters, who have just been living – in the last four or five years – with this sense that the club doesn’t have a path, a path to the promised land of Bramley-Moore.”
[Link]‘Phenomenal’ manager linked with Everton
While Sean Dyche is set to be given some time to impress the incoming owners, reports indicate that a star manager is being lined-up as his long-term replacement.
Find out who it is in the article below…
[Link]
Friedkin’s Roma – the story so far
It’s fair to say Dan Friedkin’s time as Roma President has been mixed since he took over in 2020.
Heavy investment has often been overshadowed by a high turnover of managers and underwhelming results in Serie A – with the side’s 2022 Conference League triumph bucking the general trend.
Find out more about his four-year stint at the club in the article below.
[Link]
Stelling questions Friedkin’s ‘track record’
It’s been a positive 24 hours for Toffees fans, but amid the jubilation over the imminent takeover, one pundit is urging caution due to Dan Friedkin’s track record…
[Link]
Friedkin to ‘relieve short-term pressure’ on Dyche
According to TalkSPORT, Sean Dyche will be given time to get things right by Dan Friedkin – should the takeover be completed.
The outlet adds that Friedkin will follow the example of Sir Jim Ratcliffe by conducting a thorough performance review before making any ‘knee-jerk’ managerial decisions.
Everton handed new stadium boost
While much of the focus surrounding The Friedkin Group’s takeover efforts will be centred around player arrivals and securing the financial future of the club, it could have one other huge benefit – as you can read about below.
[Link]
Dan Friedkin’s net worth
Friedkin is the owner of Gulf States Toyota, a company based out of Houston that holds exclusive rights to distribute Toyota vehicles in several US states.
The growth of the company has seen the American’s wealth balloon in recent years, leading to a 2024 net worth estimation of $6.4 billion – according to Forbes.
He is also the President of AS Roma, for whom he paid £591 million in 2020 for a 96% stake in the Serie A club.
Why did Dan Friedkin return to negotiations?
The initial decision from the Friedkin Group to pull out of a deal for Everton was due to an outstanding £200m loan the club owed to 777 Partners, who are currently subject to a lawsuit in the United States.
However, it would appear the group have been handed reassurances over any possible impact further down the line, even though the court case remains ongoing.
You can read about the 777 Partners lawsuit below.
[Link]
What should the Friedkin Group prioritise?
While the takeover isn’t yet completed, we’ve been looking ahead to what three things the incoming owners should tackle first when they walk through the door. Take a look…
[Link]
Everton’s statement on the takeover
On Monday afternoon, the club released a statement confirming that an agreement had been reached between Moshiri and The Friedkin Group. It went as follows:
“Blue Heaven Holdings and The Friedkin Group confirm that they have reached 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.”
A spokesperson for The Friedkin Group said: “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.”
[Link]Who are the Friedkin Group?
In case you missed Monday’s breaking news, the Friedkin Group have agreed a deal to takeover Everton.
But who are they, and how could they improve the club’s fortunes? Find out below.
[Link]
Good morning!
Hello and welcome to our live coverage of Everton’s proposed takeover by the Friedkin Group – which is reportedly nearing completion.
We’ll keep you up to speed with all the developments as they happen after Monday’s huge news story.
[Link]
Receive a digest of our best Everton content each week direct to your mailbox
