The Friedkin Group has finalized a deal to purchase Everton, just two months after initially withdrawing from negotiations to acquire Farhad Moshiri’s 94% stake in the club.
The US-based company, owned by billionaire Dan Friedkin, reopened talks with Moshiri over the weekend, aiming to outbid Crystal Palace co-owner John Textor, who had become the frontrunner in the prolonged takeover saga. However, since Textor already holds a 45% stake in Crystal Palace, Premier League rules prevent him from owning another club in the same league, leaving him vulnerable to rival bids. Friedkin seized the opportunity, reaching an agreement to buy out Moshiri.
Everton confirmed the deal in a statement: “Blue Heaven Holdings and The Friedkin Group confirm that they have reached an agreement for the sale of Blue Heaven Holdings’ majority stake in Everton Football Club. The transaction is subject to regulatory approval from the Premier League, Football Association, and the Financial Conduct Authority.”
A Friedkin Group spokesperson added: “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.”
Friedkin’s earlier attempt to buy Everton fell through due to concerns over a £200 million loan from 777 Partners, another company that has tried to purchase Moshiri’s stake. 777 Partners is currently involved in a legal dispute with Leadenhall Capital in a New York court.
During exclusive talks with Moshiri, Friedkin had loaned Everton £200 million to help secure funding for the club’s new stadium. This loan must be repaid if another party takes over, or it can be converted into equity if Friedkin completes the acquisition. Additionally, Everton owes £225 million to Rights and Media Funding, with an interest rate of 10.25%.
