Everton takeover is near as prospective owners confirm deal

The Friedkin Group has agreed to purchase Blue Heaven Holdings’ controlling share in Everton, bringing the transaction closer to completion.

The American company lead by billionaire Dan Friedkin, who also owns and runs Roma, appears to have overcome John Textor in the contest to purchase the club.

Friedkin had previously expressed interest in purchasing the Toffees from Farhad Moshiri, but backed away from the transaction in July.

Other parties, including 777 Partners, have expressed interest, but The Friedkin Group is now prepared to proceed with the transaction, which is still subject to clearance.

A statement from Everton 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.’

A spokesperson for The Friedkin Group said: ‘We are pleased to have reached an agreement to become custodians of this iconic football club. We are focused on securing the necessary approvals to complete the transaction.

‘We look forward to providing stability to the club, and sharing our vision for its future, including the completion of the new Everton Stadium at Bramley-Moore Dock.’

The Friedkin Group already have a financial connection to Everton as they loaned the club £200m, helping to pay for the new stadium.

If the takeover from TFG goes ahead then that debt will be converted into equity rather than needing to be repaid.

Subscribe To ANE Talk Trends On Youtube

Subscribe To All Naija Entertainment On Youtube