The Friedkin Group announced on September 23 that they had an agreement to purchase Farhad Moshiri's entire stake in Everton
The Friedkin Group announced on September 23 that they had an agreement to purchase Farhad Moshiri's entire stake in Everton
Everton’s takeover by The Friedkin Group (TFG) is expected to be finalised before the end of the calendar year. An estimated completion date before Christmas has always been the target.
On Friday Sky Sports reported: "The Friedkin Group have secured approval from the Premier League to become the new owners of Everton, Sky Sports News understands.
"TFG has been undergoing the regulatory process since agreeing a deal to purchase Farhad Moshiri's 94.1 per cent shareholding in the club. The takeover is now expected to be finalised next week."
Sources close to TFG have subsequently told the ECHO that they are still positive about mid-December and they are not expecting the process to drag into 2025, but the Premier League independent oversight panel have not approved yet.
After previously ending takeover talks back in July, TFG announced on September 23 their agreement to purchase Farhad Moshiri’s 94.1% stake in Everton.
A joint statement read: “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.”
Speaking in his pre-match press conference on Thursday, ahead of Everton’s game at Arsenal on Saturday, manager Sean Dyche said that the takeover is looking “very possible.”