Everton takeover: The Friedkin Group complete deal to become club’s new owners
The Friedkin Group have completed their takeover of Premier League club Everton; Takeover ends the Farhad Moshiri era at Goodison Park; TFG agreed deal to purchase Moshiri’s 94.1 per cent shareholding in the club; Dan Friedkin, who also owns Roma, has an estimated worth of £4.8bn
The Friedkin Group (TFG) have completed their takeover of Premier League club Everton.
The Friedkin Group, which also owns Roma and is led by American billionaire Dan Friedkin, has acquired a majority stake in Everton, starting a new era for the Merseyside club and ending Farhad Moshiri’s time in charge at Goodison Park.
Incoming executive chairman Marc Watts said in an official statement: “Today marks a momentous and proud occasion for The Friedkin Group as we become custodians of this iconic football club.
While restoring Everton to its rightful place in the Premier League table will take time, today is the first step in that journey.”
“We are committed to leading Everton into an exciting new era both on and off the pitch. Providing immediate financial stability to the Club has been a key priority, and we are delighted to have achieved this.
The Premier League’s confirmed the Friedkin Group had purchased a 98.8 per cent stake in Everton.
The Everton Fan Advisory Board (FAB) said in a statement: “Notwithstanding the development of our exceptional new home on the banks of the Royal Blue Mersey, our recent history has been clouded by relegation battles, financial uncertainty, failed ownership bids, a leadership vacuum and unjust sporting sanctions.
“Today’s announcement provides the opportunity for Evertonians to once again look forward with hope and optimism.”
Moshiri: Best outcome for Everton’s future
Outgoing Everton majority shareholder Farhad Moshiri:
“I truly believe that the transaction with The Friedkin Group is the best outcome for the club and its future success.
“There has been a huge team effort in getting to this stage and I would like to personally thank my Board colleagues John Spellman and Colin Chong and all the senior management team including Katie, James, Richard and of course Kevin and Sean for their huge commitment to the club.
“Despite a challenging geopolitical backdrop, a significant amount has been achieved over the last couple of years including the delivery of a new sporting department, the stabilisation of our finances and the delivery of our iconic new stadium.
