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The Friedkin Group Agrees £400-500 Million Deal to Acquire 94.1% Stake in Everton FC

Sep 23, 2024, 01:08 PM

The Friedkin Group has reached a total agreement to acquire Everton Football Club from Farhad Moshiri. The deal involves purchasing Moshiri's 94.1% stake in the club and investing between £400-500 million to reduce the club's debt. The transaction, which aims to secure the financial stability and future of Everton, is subject to regulatory approval, expected to take around 12 weeks. The American billionaire Dan Friedkin, leading the group, previously backed out of an agreement two months ago. The announcement was made in a joint statement by Blue Heaven Holdings and The Friedkin Group. Despite the agreement, the potential new owners face protests from angry fans.