Everton on the Brink of a New Era: The Dan Friedkin Takeover
As the Premier League season draws to a close, Everton FC finds itself on the cusp of a new era. The Toffees, who have struggled to find consistency in recent years, are on the verge of a major takeover. AS Roma owner Dan Friedkin has been granted exclusivity to buy a 94.1% stake in the club, marking a significant shift in the club’s ownership structure.
A new era begins for the Toffees
Friedkin, who purchased Serie A giants Roma in 2020, has an estimated worth of $6.1 billion. His interest in Everton is a significant development for the club, which has struggled to find its footing in the Premier League. The deal, which is still subject to Premier League, FA, and Financial Conduct Authority approval, is expected to bring a much-needed injection of capital into the club.
The Road to This Point
Everton’s current majority shareholder, Farhad Moshiri, has been looking to sell his stake in the club for some time. In September, the Miami-based investment fund 777 Partners signed an agreement with Moshiri to acquire his 94.1% stake in the club. However, the deal stalled, and the agreement eventually expired.
Moshiri’s time at Everton comes to an end
Moshiri, a former Arsenal shareholder, first bought a 49.9% stake in Everton in 2016. By January 2022, he had increased his stake to 94.1% with a £100m capital injection. Despite investing nearly £650m in transfers to build the squad, Everton have struggled to find consistency, slipping out of the top half of the table and fighting relegation battles in recent seasons.
A New Chapter for Everton
The proposed takeover by Friedkin marks a new chapter for Everton FC. The American billionaire’s investment in the club could bring a much-needed boost to the squad, allowing the Toffees to compete with the top teams in the Premier League.
A new era begins for Everton
As the deal inches closer to completion, Everton fans can’t help but feel a sense of excitement and optimism. The prospect of a new owner with deep pockets and a proven track record in football is a tantalizing one. Could this be the start of a new era of success for the Toffees?
“The club’s board of directors recognises the considerable level of financial support 777 Partners has provided the club over recent months and would like to take this opportunity to thank them for this.” - Everton FC statement
The Future is Bright
As the takeover saga comes to a close, Everton fans can look to the future with renewed optimism. With Friedkin at the helm, the Toffees could be on the cusp of a new era of success. One thing is certain - the future is bright for Everton FC.
The future is bright for the Toffees
