Farhad Moshiri’s 94.1% stake in Everton is poised to be acquired by the Friedkin Group, owners of AS Roma.
This development marks a significant change in the club’s ownership structure, pending regulatory approval.
Everton have officially confirmed that Farhad Moshiri’s 94.1% stake in the club is set to be acquired by the Friedkin Group. The group, which also owns AS Roma, resumed negotiations with the Toffees after a previous round of talks concluded without an agreement in July. The exclusivity period had then ended, but discussions were reopened.
The statement further added, “The transaction is subject to regulatory approval, including from the Premier League, the Football Association, and the Financial Conduct Authority.” Approval from these regulatory bodies is a critical step for the consummation of the deal.
They emphasized their focus on obtaining the necessary approvals and completing the transaction. Providing stability to the club and sharing their vision for its future, including the completion of the new Everton Stadium at Bramley-Moore Dock, remains paramount. The new stadium is almost complete, which adds to the allure of the takeover.
However, Moshiri has been looking to sell his shares for more than two years. Over this period, numerous potential buyers have shown interest, including the Kaminski Group, MSP Capital, 777 Partners, and John Textor, who owns a significant stake in Crystal Palace.
The new ownership is expected to bring fresh investment and expertise, addressing ongoing issues and aiming to restore the club’s historic status as a top-tier team. The completion of the new stadium is anticipated to play a pivotal role in this transformation.
Successful acquisition by the Friedkin Group means significant changes in Everton’s operational dynamics. The new owners are expected to infuse capital and strategic guidance to enhance the club’s competitive edge.
This takeover could herald a new era of stability, growth, and achievement for Everton Football Club. The commitment to completing the new stadium at Bramley-Moore Dock is a promising sign of the club’s future ambitions.
In conclusion, the acquisition of Farhad Moshiri’s stake in Everton by the Friedkin Group is a landmark moment for the club.
With regulatory approvals pending, fans await a new era of stability and success under the new ownership.
