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Will Dan Friedkin's acquisition of a 94.1% stake in Everton FC receive regulatory approval by December 31, 2024?
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Dan Friedkin•Everton FC•Farhad Moshiri•Moshiri•Friedkin Group•Premier League•Blue Heaven Holdings•Lyon•John Textor
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Official announcements from regulatory bodies and Everton FC
Story
Dan Friedkin Agrees to Buy 94.1% Stake in Everton FC from Farhad Moshiri in £400-500m Deal
Sep 23, 2024, 02:07 PM
US billionaire Dan Friedkin has agreed to acquire a majority stake in Everton FC from current owner Farhad Moshiri. The deal, involving the purchase of Moshiri's 94.1% stake, is valued between £400 million and £500 million. The Friedkin Group, which had previously pulled out of talks two months ago, has now reached a final agreement, subject to regulatory approval. The transaction is expected to secure the financial stability of the Premier League club, which has faced significant challenges in recent years. The agreement includes additional funding to help with the new stadium fit-out and working capital, further reducing the club's debt. Blue Heaven Holdings confirmed the agreement, which also involves an equity investment. Dan Friedkin's bid rivals that of Lyon owner John Textor.
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